According to its website, Lot Payments is not a payment processing company but a service provider for high-risk merchants. It works as a sales partner for multiple national and international payment processing companies and acquiring banks. They see their job in assisting merchants in finding payment solutions and setting businesses up to accept all major credit cards and alternative payments.
The website claims to be part of the Lot Payments Group and runs its business via the offshore entity Lot Payments LLC in St. Vincent & Grenadines (SVG) and Lot Payments OÜ in Estonia. We have not been able to find any of these entities or a Lot Payments Group, which raises red flags. We found a Lot Payments Gateway LLC, registered in SVG.
The website provides the Montenegrin phone number for contact+(382) 6708 4511 suggesting that they have their offices there. As the online chat on the website greets its visitors in Turkish, we assume that this is their primary target market.
Lot Payments offers a forex payment gateway and provides a dedicated forex merchant. accounts that enable tools to transform and grow, your online business globally. The payment processor is offering online gaming merchant accounts and online gaming payment gateways.
Lot Payments allow cryptocurrency exchanges and traders to accept payments on their websites through credit and debit cards.
Lot Payments is a completely unknown company without any customer reviews. Some of the information on the website seems to be false or misleading. Hence, we included the company in our “Red Compliance” list.