DynaPay is the brand and platform of Uk-registered DynaPay Limited (company number 10841289), which is authorized and regulated by the Financial Conduct Authority (FCA) as an e-Money Institution with reference number 900840. DynaPay was established in 2017 in London.
The company is a part of the DYNINNO Group (www.dyninno.com), a U.S. global information technology group founded in San Francisco in 2004.
DynaPay offers various online payment options but also bank accounts with IBAN. DynaPay charges monthly fees for its services start with a monthly maintenance fee of €9.90 for a business account. Merchant accounts are free in the basic version.
On Trustpilot, the payment processor earned a 5-star rating. It should be noted that currently (January 27, 2020) there are only 10 reviews and they may not be genuine.
DynaPay specializes in small and medium-sized merchants. It accepts high-risk merchants such as gambling, forex, or money businesses.
In March 2022, DynaPay rebranded itself as MultiPass.
The newly launched brand provides payments to and from 180 countries, with local payment accounts in the UK, US, and EU, as well as a single multi-currency account supporting 38 currencies.
To date, there are no known reports of MultiPass/DynaPay‘s involvement in scams or cybercrime. Therefore, we include the payment processor in the “Green Compliance Light” list.