Key Data

• Trading Name: TODA Pay
• Legal Entity: SMART PAYMENTS TECHNOLOGIES LTD
• Activities: Payment Platform
• Location: British Columbia, Canada
• Regulations: registered 
• Key People: not given
• PCI DSS Level: 1

TODA Pay is an omnichannel and cross-functional payment platform for online businesses and payment institutions.

Offering

It provides an all-in-one solution to streamline online payment and payout processes through a single, seamless integration. The platform supports various payment methods, including credit cards, bank transfers, digital wallets, and cryptocurrencies, offering versatility and convenience for any business model. By centralizing payment and payout data management, TODA Pay enhances operational efficiency and control.

Key features include intelligent routing and cascading to optimize transaction success rates, robust anti-fraud tools to secure transactions, and both automated and manual payout options to meet diverse business needs. The platform also facilitates seamless cryptocurrency transactions, supporting major cryptocurrencies like BTC, ETH, and USDT, with low fees and instant withdrawals.

Key Features of TODA Pay

• Smooth migration between payment providers.
• Centralized payment and payout data management.
• Intelligent routing and cascading for high success rates.
• Automated failover to minimize delays.
• Automated and manual payouts, including instant, batch, and bulk.
• Supports multiple currencies (fiat and crypto).
• Anti-fraud tools and tokenization.
• Detection and prevention of fraudulent activities.
• Centralized management with real-time metrics and reports.
• Detailed analytics for informed decision-making.
• Accepts major cryptocurrencies with low fees and instant withdrawals.
• Detailed API guides for smooth integration.
• Server and client API support.

Regulation

SMART PAYMENTS TECHNOLOGIES LTD (MSB registration number: M20438511), a company incorporated and registered in the Province of British Columbia, Canada under company registration number BC1266435, the registered office of which is at 170-6660 GRAYBAR ROAD, 2ND FLOOR, OFFICE # 8T RICHMOND, BC, CANADA V6W1H9

Related Schemes

We have found another payment processor that also goes by the name of TodaPay, but is most likely not related to the Canadian company TODA Pay. In addition, we found that two other high-risk payment processors, SignaPay (SignaPay.ca) and DomusPay (DomusPay.io), are registered as MSBs at TODA Pay’s address in Richmond.

Customer Reviews

Notably, there are no customer reviews available about TODA Pay. This absence of feedback is a concern for potential users, as it makes it difficult to gauge the platform’s reliability, customer satisfaction, and real-world performance. Businesses considering TODA Pay should approach with caution, conduct thorough research, and seek testimonials or case studies directly from the company to ensure it meets their needs and expectations.

People

Additionally, TODA Pay provides no information about its key people, making it difficult to assess the expertise and reliability of the team behind the platform.

Industries Served by TODA Pay

Low to High Risk:

TODA Pay caters to a wide range of industries, providing tailored payment solutions for e-commerce, finance, digital services, and subscription-based businesses.

Concerns

– Registered but unregulated: Registered as an MSB with FINTRAC, but not regulated, so no standardized protocols or consumer protection.
– Missing key person information: No information on ultimate beneficial owners, directors, or key team members.
– No social media contacts: The website does not provide links to social media presentations.
– No reviews: Lack of customer feedback and track record

Risk & Compliance Conclusion

TODAPay is a registered MSB and offers extensive functionality. However, it is not regulated, does not provide sufficient information about its key personnel, and has not received any reviews. This presents significant risks due to a lack of regulation and transparency, and businesses should proceed with caution.

Rating

ORANGE