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R4I – Offshore high-risk merchant service provider Lot Payments

Spread financial intelligence

Our partner PayCom42 recently listed Lot Payments. According to its website, Lot Payments is not a payment processing company but a service provider for high-risk merchants. It works as a sales partner for multiple national and international payment processing companies and acquiring banks. They would see their job assisting merchants in finding payment solutions and setting businesses up to accept all major credit cards and alternative payments. The offshore entity Lot Payments LLC in St. Vincent & The Grenadines is the operator, the website states. However, the business seems to be operated in Montenegro and addresses Turkish merchants.

Key data

Trading nameLot Payments
Domainhttps://lotpayments.com
Domain registrarNameCheap
Legal entitiesLot Payments Gateway (SVG)
Lot Payments Inc. (not found)
Lot Payments LLC (not found)
Lot Payments OÜ (not found)
JurisdictionSt. Vincent & The Grenadines

The narrative

The website claims that Lot Payments would be part of the Lot Payments Group and runs its business via the offshore entity Lot Payments LLC in St. Vincent & Grenadines and Lot Payments OÜ in Estonia. We have not been able to find any of the stated companies but we found Lot Payments Gateway LLC in SVG. It was registered in Sept 2020. These false statements raise red flags.

The website provides the Montenegrin phone number for contact+(382) 6708 4511, suggesting that they have their offices there. Real-time chat on the website welcomes visitors in Turkish.

Lot Payments offers a forex payment gateway and dedicated forex and gaming merchant accounts. The high-risk merchant service provider also provides a crypto payments solution. The website is very professionally designed and shows that the operators clearly understand their business.

Request 4 Information

We would like to know more about Lot Payments, its operators, and partners. If you have any information, please share it with us through our whistleblower system, Whistle42.

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