Key Data

• Trading Names: SettlePay
  
• Legal Entity: not disclosed
  
• Activities: crypto payment facilitator
  
• Location: Ukraine
• Regulations: no
  
• Key People: Danylo Trofimov

The SettlePay website claims that it is an exclusive partner of the world’s largest crypto exchange, Binance, for CIS countries and wants to help merchants in these regions to receive deposits from their customers through Binance.

The SettlePay service is not available outside CIS countries. The website does not disclose details about the operators.

The Offering

SettlePay aims to help merchants in CIS countries process payments from clients via Binance. The details of the conditions are not available on the website and have to be requested.

Conclusion

SettlePay is unregulated. The website does not provide any required information about the operators. Moreover, SettlePay has cooperated with payment processors on our blacklist to facilitate scams. Therefore, we place SettlePay on our Red Compliance List.