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Merchant Alert: Cyprus-Based High-Risk Payment Processors LegionPay, SagaPay, And BrightCart!

Two Cypriot high-risk processors have disappeared over the last couple of months: LegionPay and SagaPay, connected to Marc Andrew Ingram, Andrew Anastasiou, Theo Antoniou, have shut down their websites. However, the two guys are still operating BrightCart, another high-risk payment processor and merchant services provider from Cyprus. It is operated via Belize-registered Brighter Technologies Ltd. BrightCart currently facilitates unauthorized broker schemes.

Two Cypriot high-risk processors have disappeared over the last couple of months: LegionPay and SagaPay, connected to Marc Andrew Ingram, Andrew Anastasiou, Theo Antoniou, have shut down their websites. However, the two guys are still operating BrightCart, another high-risk payment processor and merchant services provider from Cyprus. It is operated via Belize-registered Brighter Technologies Ltd. BrightCart currently facilitates unauthorized broker schemes.

Key Data

Trading namesBrightCart
LegionPay
SagaPay
Business activityHigh-risk payment processor
Merchant services provider
Domainhttps://brightcart.io
Legal entitiesBrighter Technologies Ltd
MAI Associates Ltd
LP Bonn Solutions Limited
SagePay Ltd
JurisdictionsBelize, Cyprus
Related individualsMarc Andrew Ingram
Andrew Anastasiou (LinkedIn)
Theo Antoniou (LinkedIn)
Facilitated schemesPocketOption, PO2, PO Trade,
HonorFX

Short Narrative

Launched in 2020, LegionPay was initially operated by UK-registered MAI Associates Ltd and, at some point, moved to Cyprus.

Similarweb statistics for Cyprus-based high-risk payment processor BrightCart
Similarweb statistics for BrightCart (Dec 2022)

“MAI” evidently is the acronym of Marc Andrew Ingram, the company’s founder. He is also the registered director of LP Bonn Solutions Ltd in Cyprus. As of August or September 2022, the website had disappeared, and the domain Legion-pay.com was redirected to Saga-pay.com, which also disappeared.

BrightCart, according to the latest Similarweb statistics (December 2022), has mainly made facilitated the deposits for unauthorized offshore brokers such as PocketOption, PO2 aka PO Trade, or HonorFX (see our report here).

Share Information

If you have any information about LegionPay, SagaPay, BrightCart, or its merchants PocketOption, PO2, PO Trade, or HonorFX, please let us know via our whistleblower system, Whistle42.

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