Payabl (formerly PowerCash21), a payment institution regulated in Cyprus by the Central Bank of Cyprus, was founded by former Wirecard executives Dietmar Knoechelmann and Ruediger Trautmann. Payabl is a high-risk payment processor specializing in the porn and gambling industries. Payabl is also a payment facilitator for the online casinos Lucky Dreams and Bitdreams. The payment agents are the Cyprus-based Friolion Limited and Libergos Limited, respectively.
The Casino Clients
Lucky Dreams www.luckydreams.com) is owned and operated by Dama N.V., a company registered in Curacao with an E-gaming license No. 8048/JAZ2020-13 issued by Antillephone N.V. authorized by the government of Curacao. The payment agent is Friolion Limited, a wholly-owned Dama subsidiary registered in Cyprus. Deposits from Lucky Dreams customers are transferred to Friolion‘s accounts and wallets.
Bitdreams is owned and operated by Hollycorn N.V., a company registered in Curaçao and regulated by Antillephone N.V. wit license no. 8048/JAZ2019-015. The payment agent is its wholly-owned subsidiary, Libergos Limited, registered in Cyprus with registration number ΗΕ 371971 and registered address Boumpoulinas, 1-3, BOUBOULINA BUILDING, Flat/Office 42, 1060, Nicosia, Cyprus.
The Statistics
According to Similarweb statistics as of December 18, 2022, around 30% of the incoming referral traffic to the Payabl website comes from Lucky Dreams (20%) and Bitdreams (10%), which is primarily visited by German and Austrian players. Payabl facilitated the two online casinos, for example, via SOFORT, a bank-based payment method that is well accepted in Germany. SOFORT is a company of the Swedish KLARNA Group.
In addition to gambling, Payabl continues to make much of its volume from the porn industry and clients such as xHamsterLive or StripChat.
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