Key Data

• Trading Name: PayGarden
• Legal Entity: PayGarden, Inc
• Activities: gift card payment service
• Location: United States
• Regulations: unregulated
• Key People: Aaron Iba and George Huo

PayGarden is a gift card payment service that allows online customers to use valid gift cards to purchase online products. Established in 2013 by Aaron Iba and George Huo, the company facilitates the conversion of gift card balances into real currency, offering businesses the ability to accept payments through various gift card brands.

Offering:

PayGarden’s platform enables businesses to accept payments from customers using gift cards from over 100 different brands in the United States. By providing a hosted payment site, the company simplifies the process for users to make purchases using their gift cards, thereby repurposing the funds for online transactions. Additionally, PayGarden’s services are notably utilized for payment processing on adult entertainment websites.

Regulatory Status:

PayGarden operates in a regulatory gray area, as the gift card payment industry in the United States is largely unregulated. This lack of regulatory oversight raises concerns regarding consumer protection and financial compliance.

Customer Reputation:

The Better Business Bureau rates PayGarden with only 1,5 out of 5 stars, indicating significant customer dissatisfaction or potential issues with the company’s services. Furthermore, there is a scarcity of other ratings or reviews available, suggesting a lack of visibility or engagement within the market.

Conclusion:

Given the absence of regulatory oversight, poor customer reviews, and potential indications of operational irregularities, caution is advised when dealing with PayGarden. The company’s low rating from the Better Business Bureau and limited market presence contribute to its inclusion in our “Red Compliance” list. Investors and stakeholders should exercise prudence and conduct thorough due diligence before engaging with PayGarden, considering the associated risks and uncertainties.