LeoPay in trouble?

Pages: [1]
Author Topic: LeoPay in trouble?  (Read 2901 times)
arbusers
Administrator
Totally Pro
*****

Karma: 554
Posts: 4819



View Profile WWW

arbusers

LeoPay in trouble?
« on: November 08, 2018, 03:02:38 PM »
0

Customers of a UK-based company LeoPay (previously known as LeuPay) have been left unable to access money stuck in their accounts after the Maltese authorities froze activities at Sata bank, a bank co-owned by the company’s founder. LeoPay’s website was updated last week only to remove all reference to Sata Bank. Originally based in Malta, it now operates in London. The company is owned by iCard AD, a Bulgarian company founded by Christo Georgiev. Georgiev is also appearing to be in close relation with myPOS.
In summer 2018, it rebranded from LeuPay to LeoPay.
LeoPay made the following statement:''We can confirm a limited number of LeoPay customers are affected by an issue which means they cannot transfer funds from their accounts. This is because the deposits in these accounts, which total less than 1 per cent of LeoPay’s customer base, are held with SataBank. The remaining 99 per cent of customers are unaffected. We would like to apologise to those impacted customers and reassure them that we are working hard to rectify the situation. We would like to reiterate that there is no liquidity issue at LeoPay''
On Oct 22nd LeoPay terminated accounts of clients that are not EU residents with immediate effect. In the email sent out to the owners of the blocked accounts the company promised to redeem the remaining balances within 2 months.
You may want to read about Sata bank here: https://arbusers.com/index.php/topic,6057.msg66826.html#new
Logged
Alfa1234
Totally Pro
*****

Karma: 59
Posts: 1002


View Profile

Alfa1234

Re: LeoPay in trouble?
« Reply #1 on: November 08, 2018, 04:34:46 PM »
0

I am still able to use the card, have transferred everything out of Leopay today (by a payment with the Mastercard to my Transferwise account) without an issue.  The website was/is very slow though, probably because of the high usage.
Logged
apoel81
To become a Pro
***

Karma: 24
Posts: 311


View Profile

apoel81

Re: LeoPay in trouble?
« Reply #2 on: November 08, 2018, 08:53:25 PM »
0

 Are you guys using Leupay, Monese, Mistertango etc as an alternative for bank withdrawals from bookies?
Logged
jpdias101
Guest


Email

jpdias101

Re: LeoPay in trouble?
« Reply #3 on: November 09, 2018, 12:22:39 AM »
0

website is very slow and i cant login atm. have a few pounds standing right there, will probably withdraw all.
Logged
Pages: [1]
Print

Related Topics

  Subject / Started by Replies Last post
37 Replies
6799 Views
Last post July 05, 2020, 07:18:53 AM
by arbusers