SumoPay is a high-risk processor focused on merchants doing business in Japan and other Asian jurisdictions. Credentials about the legal entities behind the payment processor are not provided.
SumoPay is focused on online gambling and sports betting and claims on its website that 145 million transactions are made daily through its payment gateway API. In addition to credit and debit cards, bank transfers are also offered to merchants as a payment option.
SumoPay does not provide links to the social media accounts of involved persons on its website. This is common for the high-risk payment sector unless they work with fake profiles like the iPayTotal Group with OpenUp.Finance, Paypound, Payomatix, or Hawex.
The company’s CEO is Kevin Ring, a US citizen based in New York.
Whistleblowers said that consumer payments to Asian gaming platforms appear to be manipulated (recoded) and presented as payments for consumer goods. Recoding or relabeling high-risk payment processes is a well-known (and illegal) approach.
Due to the lack of information and transparency, along with the alleged mislabeling of payment transactions, we include SumoPay in our “Red Compliance” list and recommend merchants be cautious.