Company Information

Get to know Global Payout Inc.

Global Payout Inc. was a publicly traded financial technology and solutions provider that focused on creating customized payment platforms for corporations and consumers. The company aimed to offer an alternative to traditional banking services, providing services such as prepaid debit cards and payment processing, primarily for businesses. In 2018, the company changed its name to MoneyTrac Technology, Inc. to focus on providing payment solutions to the cannabis industry. However, the company and its former executives faced significant legal and regulatory challenges, culminating in SEC charges for a fraudulent "pump-and-dump" scheme, which led to the revocation of its securities and the cessation of its business activities.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service

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Global Payout Inc.

United States

Founded in

2009 (17 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

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ASIC

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.