PayRate42 Lists Payssion with Critical Compliance and Risk Concerns

PayRate42, a leading compliance review agency for financial services, has critically reviewed and listed Payssion, a high-risk payment processor operating anonymously with Hong Kong jurisdiction.

Background
Payssion's lack of transparency about its operators raises significant concerns. The company's financial situation is unknown, posing a red flag.

Offering
Targeting high-risk merchants, Payssion offers a range of payment options without set-up fees or monthly charges.

Customer Feedback
With a Trustpilot rating of 2.3 stars, Payssion faces numerous complaints about missing payments.

Compliance Check
Payssion lacks proper authorization and fails to disclose operator information, breaching legal requirements.

Rating Conclusion
Payssion is placed on PayRate42's Red Compliance and Red Risk lists, advising merchants to proceed with caution.

For more details, visit: www.payrate42.com/listings/payssion/

8 The Green
19901 City of Dover
Delaware
United States

PayRate42 is a rating agency specializing in payment processors. Our main goal is to protect merchants and consumers by providing transparency through the evaluation and rating of financial service providers. High-Risk Payment Processors (HRPP) operating outside the established regulatory framework are our primary focus.

This release was published on openPR.