Key Data

• Trading Name: ByPin
• Legal Entity: Berry Solutions Limited (Malta)
  Sureswipe EMI PLC (Cyprus)
  FENIX Technology SAS (France)
  Prepaid Optimal Solutions SA (Luxembourg)
• Activities: Anonymous Payment Method
• Location: Malta
• Regulations: Sureswipe EMI PLC, regulated by the Central Bank of Cyprus as an E-Money Institution
• Key People: Helen Varnava

ByPin is a convenient, anonymous payment method that allows you to make online payments without having to use your credit card or share your personal data.

Offering

ByPin is an online platform providing anonymous and payment solutions through vouchers. Users can purchase vouchers in various denominations (€5, €10, €20, €50, €100, €150, and variable amounts) for  online transactions without sharing personal data.

Serving Industries

ByPin serves various industries, primarily focusing on high-risk industries, including online gaming, gambling, and entertainment. Their prepaid vouchers are designed for secure and anonymous transactions, making them popular for online casinos, gaming platforms, and other digital entertainment services. Users can purchase vouchers and use them to pay on websites that accept ByPin, ensuring privacy and security without the need for a bank account or credit card.

Compliance Check

According to the terms, ByPin is operated by Sureswipe E.M.I PLC, an e-money institution authorized by the Central Bank of Cyprus as an electronic money institution. However, the domain and the trading name belong to Berry SA in Malta. Overall, the Berry SA network is not very transparent.

• Domain Ownership and Licensing:
  • Berry Solutions Limited, a payment company registered in Malta, owns the domain name and tradename ByPin.
  • These assets (domain and tradename) are licensed to multiple entities: Sureswipe EMI PLC, Fenix Technology SA, and Prepaid Optimal Solutions SA.
• Entities and Registration:
  • Fenix Technology SAS (FENIX) is registered in Paris;
  • Prepaid Optimal Solutions SA (POS) is registered in Luxembourg;
  • FENIX and POS function as E-money Distributors (EMD) for Sureswipe E.M.I. PLC.
• Operating Entity:
  • Sureswipe E.M.I. PLC, registered in Cyprus, authorized by the Central Bank of Cyprus as an E-Money Institution.

Related Schemes

• CASHlib:

CASHlib is mentioned in a review of the illegal online casino Atlantis Slots, which operates without a valid gambling license in the EEA.The casino uses various payment processors, including CASHlib, to facilitate its transactions. These processors support deposits and withdrawals, enabling Atlantis Slots to continue its operations despite regulatory issues. The review highlights significant compliance and legal concerns, urging caution for users interacting with such platforms.

Conclusion

Due to its involvement in illegal online casino and gambling activities as a payment processor, and, additionally, its opaque structure, we include ByPin in our Red Compliance list. This association with unlicensed and potentially fraudulent platforms poses a significant user risk. Therefore, we recommend exercising caution and verifying the legality of platforms using ByPin before conducting any transactions. Consequently, we included ByPin in our Orange Risk list.