Payeer is a global electronic payment platform founded in 2012 and headquartered in Paraguay with a registered company name PAYEER E.A.S. The platform offers a variety of payment services, including e-wallets, cryptocurrency transactions, merchant payment gateways, and bulk payments, among others, and aims to provide convenient and secure cross-border payment solutions for individual users and corporate customers.
Company OverviewPayeer
was founded in 2012 in Warsaw, Poland, initially as a standard e-wallet platform that supported cryptocurrencies and online payments. As the business grew, Payeer expanded its range of services to become a versatile payment platform that supports functions such as storage, transfers, exchanges, and payments of fiat and cryptocurrency. Traders' Alliance
Products &
ServicesPayeer offers the following key products and services:
E-wallets: Users can manage multiple currencies in one account, including USD, EUR, RUB, Bitcoin, Ethereum, Litecoin, Bitcoin Cash, USDT, and more. Wenjie's fairy tale
cryptocurrency trading: The platform supports cryptocurrency transactions between users, providing real-time exchange rates and a secure trading environment.
Merchant payment gateways: Businesses can integrate Payeer into their websites or apps to accept payments from users around the world, including fiat and cryptocurrency.
Batch payment services: Payeer allows businesses to make bulk payments to employees, partners, or customers, supporting a variety of payment methods.
In addition, Payeer offers a mobile app that supports iOS and Android, making it easy for users to make payments and manage their accounts on the go.
Market
PositioningPayeer is aimed at individual users and small and medium-sized enterprises around the world, especially in Russia, the CIS countries and other developing countries. Its multi-currency support and cryptocurrency capabilities make it a popular choice for cross-border e-commerce, freelancers, and digital nomads.
Regulatory
InformationPayeer's regulatory structure is complex and involves multiple countries and regions. According to its User Agreement, Payeer's operating entities include PAYEER E.A.S., registered in Paraguay, and Fincana OÜ, registered in Estonia. However, Payeer has been fined nearly €9.3 million in Lithuania for violating international sanctions and anti-money laundering regulations. In addition, Payeer's operating entity and legal structure have undergone several changes over the past few years, involving multiple countries and regions, including Russia, the United Kingdom, Estonia, Lithuania, Panama, Georgia, and Vanuatu, among others. These changes may affect its compliance and regulatory status in different countries and regions.
Conclusion
Payeer is a versatile electronic payment platform with multi-currency and cryptocurrency support, suitable for individual users and small and medium-sized businesses. However, its complex regulatory structure and historical compliance issues may pose a certain risk to users. When choosing to use Payeer, users are advised to carefully read their user agreements and related policies to ensure that they understand their terms of service and possible risks.
