Satchelpay any feedback?

Sadly this is one big scam organisation which must be backed up with stolen money to operate like they do.

I applied for an account before this thread was created but never got started using them for any real activity. From what I tried (only a few euro) they were good. After reading this thread I will not use them at all.

Unfortunately, Satchelpay and their owners play hard ball now and try to get the forum closed because of obscure information they provided our host with.

For that reason, we have removed the owners name from the thread but stay on our right to be a public forum providing uncensored information to the public.

We also claim the right for everyone to give their feedback on this company and to mention them if the information provided here is true.

We already setup new servers in a non-reachable territory to which the forum is load balanced should it be necessary.

We claim the right for everyone for freedom to speech.

LOL!

@ Owner(s) of SatchelPay - take that 5 min and give your view. A dirty past could be fine if your future plans are plausible. Also, if what other members said is just unsubstantiated dirt throwing, forum mod will help to remove the claims.

Harassing the web host instead of giving your point of view is the worst you can do for your reputation.

I agree free open discussion is very important. They need to understand that people will still put their feedback on Trustpilot or elsewhere eventually if not here. They can't censor the entire internet FFS...lol stupi#21.

I think they are angry because this thread comes up as the first result on Google search when you type in "satchelpay scam" smi(&%.

They need to do what other companies do and hire shills to put positive comments on TrustPilot and across the internet smi(&%. I mean even a certain Puerto Rican bank does that - no names mentioned....lol.

Bmw850 said:

But only a general question, it is prohibited to call a scammer , a scammer?

If you have information to verify the claim then I say YES. I called out the company in below link today.

offshorecorptalk.com/threads/list-of-emi-and…7/post-96749

"Could you please look into the issue again? The page is still available online and it clearly shows my name <<snippet>> and the name of my Company (see the screenshot attached). This content should be removed as this is against the GDPR. I would need your further assistance.

Also, please let me know if you are not able to assist me, so our legal department will escalate the issue to "Federal Office for Information Security" (Bundesamt für Sicherheit in der Informationstechnik). "

Here is what they claim, guess what his name is :D

lol.

His name is all over the internet showing as CEO of the company and as a trainee solicitor.

His name is on i.e :

Linkedin
Twitter
UK companies house,
Offshoreleaks.icij.org eek¤%&
etc etc

He even has his full name as his own domain name advertising himself and talking about his hobbies, activities etc. His name is in Paradise papers FFS with his full address and he is worried about his name on this website and violation of GDPR...lol 🙄.

P.S All this is allegedly if it makes him happy smi(&%

Two things:
1) I've used to Satchelpay to receive some large sums in 2018 and it went fine. So nothing bad there :)
2) The reference to GDPR is nonsense. One of the reasons for this forum is to weed out the bad from the good, therefor your naming names is "processing is necessary for the performance of a task carried out in the public interest" (6.1.e)
privacy-regulation.eu/en/article-6-lawfulnes…ing-GDPR.htm3) Any potential libel issues can be mitigated if you offer them the option to make an official statement in this thread. You are then legally covered. (they can subscribe anyways, just point it out in your reply to them) (you're behind cloudflare anyways), so good luck for them. (Or cloudflare gave them your hoster (DE/Hetzner than probably))

@Admin

Indeed, a person's name as specific as his constitutes "personal data" according to GDPR, but this use-case is out of scope of GDPR. Given his complaint, Mr. Jean-Claude Juncker could demand removal of all YouTube comments or Reddit posts that refer to his name - a legal leverage to suppress all negative opinions. Of course, his (for ambiguity, let's call him mr. jackass jackson for now) understanding of what GDPR is and is not is wishful thinking.

I'll have my legal assistant get you a better statement to reply with.

This is from my legal assistant. Feel free to re-use and adjust as needed.

Name of a director is data of a limited liability company. "Thomas Noel Collister Jackson" is not personal data of an individual, and it does not fall in the scope of GDPR when used in the context of "SATCHELPAY LTD," a UK LTD company number "09808376".

In broad terms, GDPR does not apply to directors of a UK limited liability company.

The credibility of a director plays a vital role in determining the credibility of a company. The Internet forum, but also the general business community does not need consent from the subject to refer to data available on the public record when engaging in meaningful discussion, especially if it involves risk analysis, prevention of fraud and possible financial harm.

Admin said:

Here is what they claim, guess what his name is :D

This is so wrong way to behave if search results from Google counts.

MarioSmith said:

I just say that you should consider their reputation before you decide to work with them

Imagine having an ex-employee of Bernard Madoff's Ponzi business looking after your retirement investments. Sorry but no way will I deal with Satchelpay. It's the same way I will not deal with i.e Satabank owners other companies. Never ever give the benefit of the doubt to any Eastern European EMI when it comes to your money. Eastern Europe is full of corruption and money laundering. We know exactly why EMI's are springing up around the Russian borders so lets not live in denial for one second who their target audience is.

lol...I am just saying that when people are dealing with Eastern European banks and EMI's you need to tread very very carefully. Read the stories and reports like the below and look at the facts.

http://www.fatf-gafi.org/media/fatf...l-Mutual-Evaluation-Report-Lithuania-2018.pdf
funky.ong/wp-content/uploads/2018/03/Money-L…-Europe-.pdf
https://www.bloomberg.com/news/arti...-laundering-seen-as-new-risk-in-europe-s-east
https://www.forbes.com/sites/france...ed-danske-bank-estonia-launder-russian-money/
euromoney.com/article/b12kpr0gvb7m59/the-uks…y-cee-secret
https://www.economist.com/finance-a...ks-are-caught-up-in-money-laundering-scandals
forbes.com/sites/francescoppola/2018/02/28/w…atvian-bank/

Martin Everson said:

lol...I am just saying that when people are dealing with Eastern European banks and EMI's you need to tread very very carefully. Read the stories and reports like the below and look at the facts.

http://www.fatf-gafi.org/media/fatf...l-Mutual-Evaluation-Report-Lithuania-2018.pdf
funky.ong/wp-content/uploads/2018/03/Money-L…-Europe-.pdf
https://www.bloomberg.com/news/arti...-laundering-seen-as-new-risk-in-europe-s-east
https://www.forbes.com/sites/france...ed-danske-bank-estonia-launder-russian-money/
euromoney.com/article/b12kpr0gvb7m59/the-uks…y-cee-secret
https://www.economist.com/finance-a...ks-are-caught-up-in-money-laundering-scandals
forbes.com/sites/francescoppola/2018/02/28/w…atvian-bank/

They may already have put lawyers in place to sue Bloomberg and asked Donald Trump to help them to block and BAN all medias.

For me all of this shows they are a huge SCAM - a cool company which is loaded with money and has lot's of customers would not care about a forum like OCT nor would they behave like this.

Bankers know this world is managed with money. Money rules the world so by Admin a Ferrari and I'm sure this thread will vanish.

Scam company, 100%.
I'm using account for transactions from around 100 to 400 Euros. I was expecting incoming transaction from Germany, but as soon as transaction have reached me, they have instantly blocked my account. They did not send any information at all about that. I have contacted that, support said it's their decision and all the incoming payments will be returned to senders.

I have contacted AML officer, saying that everything Satchel Pay do is wrong, and I've told them that I'm going to contact Lithuanian media, so they can share details about this scam company. Guess what, account was unblocked immediately. But my incoming transfer is still missing, at first they have said that it will be returned to sender, but it's almost two weeks, payment is not returned to a sender, money is not in my account either. Of course, they ignore my emails right now.

I'll wait until Monday, then I'm going to contact Bank of Lithuania (if anyone has same problem, they must contact pb@lb.lt). Also, I have contacted journalist of most popular news portal in Lithuania, I've sent him plenty of details, that this bank is most likely is associated with RIETUMU. I have plenty of information collected already. Looks like it's forbidden to write director name there, but just enter his name in Google - all of his accounts are fresh (instagram, youtube, etc.), website is also fresh. He claims as he's a lawyer and so, but there are no information on internet about this director at all, just one picture all over the internet, and fresh media accounts, created 2019.

I hope my transfer will be returned, otherwise I'll make everything, that they would have problems with their license in Lithuania (Trustcom Financial tried same thing on me, after contacting Bank of Lithuania, they have sent back what they have stolen from me).

Thank you for your review much appreciated, it seems they have huge financial problems and now take a run with clients funds :(