The high-risk payment processor Payecard is operated via the UK-registered Payecard Global Ltd, controlled by Turkish citizen Halis Bayraktaroğlu. Payecard makes changing statements about the operating legal entities there and previously claimed to have companies in Switzerland and Germany. We have placed Payecard on the Red Compliance list.

Payecards has worked with a wide variety of partners since 2020. Among them were allegedly the FCA-regulated Cauri Ltd and Aeloria Ltd, through which the FIAT services were handled. This was claimed on the Payecards website at least in 2021.