BetBurger | Live and Pre-game surebets
RebelBetting - Turn betting into investing

LeoPay in trouble?

Exchange ideas and share info about all e-wallets
User avatar
arbusers
Administrator
AdministratorAdministratorAdministratorAdministratorAdministrator
Contact:
Karma: 622
Posts: 6212
Joined: Thu Dec 30, 2010 4:34 pm

LeoPay in trouble?

Thu Nov 08, 2018 3:02 pm

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: index.php/topic,6057.msg66826.html#new
Alfa1234
Totally Pro
Totally ProTotally ProTotally ProTotally ProTotally Pro
Karma: 63
Posts: 978
Joined: Wed May 13, 2015 2:52 pm

Re: LeoPay in trouble?

Thu Nov 08, 2018 4:34 pm

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.
User avatar
apoel81
Pro
ProProProPro
Karma: 43
Posts: 444
Joined: Wed Apr 27, 2016 6:23 am

Re: LeoPay in trouble?

Thu Nov 08, 2018 8:53 pm

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

Re: LeoPay in trouble?

Fri Nov 09, 2018 12:22 am

website is very slow and i cant login atm. have a few pounds standing right there, will probably withdraw all.

Return to “General talk about e-wallets”