Unregulated Israeli Payment Processor in Cyprus

Praxis Cashier (a/k/a Praxis) is the brand and platform through which Cyprus registered Praxis Cashier System Ltd offers its payment services. The Israeli Amit Klatchko (LinkedIn profile) founded the company. Praxis is notorious for facilitating scams.

The payment processor is not regulated under any regulatory regime—the company bills itself as a payment management system and a smart cashier software giant. According to the company, the Praxis Cashier platform allows registered merchants to access over 350 different payment service providers (PSPs) with more than 1,000 payment methods.

Praxis is very popular among scammers and online fraudsters. Many of its merchants are scam operating entities. The company has grown up with the binary options industry and has accepted and processes many binary options scammers. Hence, it is included in the “Red Signal List.”

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