Key Data

• Trading Name: Unicorn Payment
• Legal Entity: Unicorn Payment Srl
• Activities: Multi-Currency Online Payment
• Location: Romania
• Regulations: unregulated
• Key People: not given
• Latest news:
• Latest update: October , 2024

Unicorn Payment is a payment service provider offering global merchant services for businesses looking to accept online payments. It specializes in facilitating secure transactions, allowing companies to process credit and debit cards, along with other payment methods, from customers worldwide.

Offering

Key Features:

• Accepting Payments
• Global Payment Gateway
• E-Wallet
• Financial Platform

Industries Served

Unicorn Payment caters to a wide range of sectors, including e-commerce, travel, online gaming, adult entertainment, and more. Their services are designed to help high-risk merchants, offering specialized tools for managing the complexities associated with these industries.

Regulation

Unicorn Payment offers a wide range of payment solutions, but it lacks clear regulation by recognized financial authorities. While many established payment providers operate under the oversight of institutions like the FCA (Financial Conduct Authority) or BaFin (Federal Financial Supervisory Authority), Unicorn Payment does not appear to have similar regulatory control. This could be a concern for businesses operating in heavily regulated markets or those prioritizing increased transparency and security. Without such regulatory oversight, there is less assurance that the provider adheres to the strictest compliance and security standards, which is particularly important for businesses in regions with stringent legal frameworks.

Customer Review

Trustpilot: 2,5 Stars with 5 Reviews

Scam Alert for Merchants

Unicorn Payment presents itself as a global payment processor, but numerous red flags suggest otherwise. They claim to have offices in Hong Kong, Italy, Switzerland, and the UK, but most of these are fake or just post boxes. Their only real office is in the UK, which they don’t disclose. UK company records show that Unicorn Payment was dissolved years ago, meaning they are not legally operating. Merchants report initial payouts, but payments eventually stop with vague accusations of rule violations. If you’ve been affected, join the fight to report them and stay vigilant.

Conclusion and Rating

Unicorn Payment is flagged as “red” from both a compliance and customer perspective. On the customer side, numerous complaints highlight poor service quality and unclear business practices, with many merchants reporting withheld payments and baseless accusations from the company. From a compliance standpoint, significant concerns arise due to the lack of proper regulatory oversight. The absence of official regulation, coupled with existing compliance issues, raises serious doubts about the legitimacy and legal integrity of the business.