Vanished Serbian high-risk payment processor
- Trading Name: BoomBill
- Legal Entity: Boom Financial Management d.o.o.
- Activities: merchant accounts “hard to place & high-risk businesses.”
- Location: Serbia
- Regulations: none
- Key People: Bozidar Vukmanovic
BoomBill and Boom-Bill are the trading styles of the Boom Financial Management doo, a company registered in Belgrade, Serbia, in March 2021. The Serbian Bozidar Vukmanovic is the company’s director and sole shareholder.
According to its website, BoomBill offers merchant accounts for “hard to place & high-risk businesses.”
However, we have received complaints from Merchants about slow or no payouts. Therefore, we have added BoomBill to our “Black Compliance” list.
In August 2022, the BoomBill website and the high-risk payment processor vanished. Allegedly, the high-risk payment processor stole several million dollars from his clients (read this article here on PayNews42).