Payeer is a crypto payment processor and merchant service provider offering accounts without initial and monthly fees. They provide low transaction fees. The deposit fees are significant at 1% for PerfectMoney and 3.9% for credit card deposits. Withdrawal fees are 1.99%.
Payeer used to be operated by Fincana OÜ (companies register), an Estonian company with a crypto license from the Estonian FIU until August 2021. After this company lost its license, the Estonian DEVsoftDOG OÜ was renamed Payeer OÜ and continued to run the high-risk payment processor Payeer with an FIU crypto license. The co-operator is Paycorp Limited, a company licensed by the offshore regulator Vanuatu Financial Services Commission (VFSC) as a financial dealer.
|Legal entities||Payeer OÜ (Estonia)
PayCorp Limited (Vanuatu)
Fincana OÜ (old)
|Related individuals||Ivan Abramov
Stanislav Lattu (old)
|Related scams||Capital Letter, FXTradePremiums, Deal Trade
Optimus Markets, Spintop Capital
The Russian Liubov Svezhentseva used to be registered as a director alongside the Estonian Dmitri Allikas. Since April 2022, Estonian Ivan Abramov has been the only registered nominee director. This guy holds several dozen positions in Estonian companies. Among others, he has been a director of the vanished crypto payment processor MisterBit.
According to the information available, Payeer is controlled by Russian owners.
The payment processor receives an “Excellent” trust level with a 4.7-star rating on Trustpilot. According to the information provided on its website, Payeer has almost 17.000 client accounts (14 March 2022).
We have identified Payeer as a payment processor in several scam environments (Capital Letter group) and thus include it in our “Red Compliance Light” list.