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PayRate42 Updated The Profile Of High-Risk Payment Processor BetaTransfer

The high-risk payment processor scheme BetaTransfer is active with various websites and brands. This includes the BetaTransfer Kassa brand. The PayRate42 team has revised and updated the profile of the apparently Russian-controlled unregulated payment processor.
PayRate42 has reviewed the profil of high-risk payment processor BetaTransfer

BetaTransfer has been active for several years and is operated by Taurus Finance OÜ, registered in Estonia, since 2023. Sergejs Černišovs is registered there as a director and beneficial owner. Another legal entity behind BetaTransfer is Vivat Conversion LP in Ireland.

The BetaTransfer scheme works with a wide variety of domains and is aimed primarily at Russian and Ukrainian speaking merchants.

On its website, BetaTransfer claims that its services are “dedicated to those who wish to exchange own currency in a luxurious way! Our major point is to provide our clients the safest and quickest method to make transactions using each of the following payment systems: Webmoney, Perfect Money, LiqPay, Visa/Master Card.“

The PayRate42 review of the listing revealed that BetaTransfer is active with several websites, and it is unclear which site is operated by which legal entity.

It was also found that BetaTransfer has been active as a payment processor in various broker scams in the past. Therefore, the payment processor was placed on the Red Compliance List.

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