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Merchant Alert: Indian High-Risk Payment Processor RagaPay Received Orange Compliance Rating!

The high-risk payment segment has been booming for decades. The business has high margins, as we know from the Wirecard process. The number of high-risk merchants is constantly growing, and with it, the demand for payment services. Unfortunately, most high-risk payment processors are dubious and regularly rip off merchants. RagaPay is an Indian-controlled venture. The cyber rating agency PayRate42 has placed it on the black compliance list.

Update 8 March 2023: The article was revised after PayRate42 upgraded RagaPay to Orange Compliance. According to PayRate42, the operators of RagaPay have provided relevant information to perform the upgrade from Black to Orange.

The high-risk payment segment has been booming for decades. The business has high margins, as we know from the Wirecard process. The number of high-risk merchants is constantly growing, and with it, the demand for payment services. Unfortunately, most high-risk payment processors are dubious and regularly rip off merchants. RagaPay is an Indian-controlled venture. The cyber rating agency PayRate42 has placed it on the orange compliance list.

Key Data

Trading nameRagaPay
Domainhttps://ragapay.com
Legal entityRagapay Ltd
JurisdictionsUnited Kingdom
India
Contact data
Skype ID: live:.cid.50b8da71d787b609
AuthorizationNo
PayRate42 ratingOrange Compliance (profile)
Related individualsVijaya Harishchandra Salian
Julie Daniels (fake)

If you have any information about RagaPay, its operators, and its facilitators, please share it through our whistleblower system Whistle42.

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