Radar / Payment processor / gateway
OdeonPay
Payment processor / gateway Romania (company register); Latvia (aggregator listings and hosting for odeonpay odeonpay.com ↗
Reviewed 2026-11-05
Our verdict
High risk
We found serious problems with this provider.
- The Bank of Latvia states it has granted no authorisation to OdeonPay (odeonpay.com) and that the site misleadingly presents itself as a licensed provider. No …
- The Bank of Latvia published a warning (reported around April 2026) about OdeonPay (odeonpay.com): it says the site misleadingly presents itself as a licensed provider …
- The odeonpay.com terms state incorporation in Saint Vincent and the Grenadines; data aggregators list HQ as Latvia (site hosted in Latvia), with no Latvian register …
What should I do?
- Do not send money, card details or ID documents.
- If you already paid: contact your bank or card issuer at once and ask for a chargeback.
- Report the provider to your financial regulator or the police.
Based on public sources at the date of review. Not a finding that the company acted unlawfully; the company can respond below.
Questions about OdeonPay
Is OdeonPay licensed?
Bank of Latvia: licence claimed but not found in the register. National Bank of Romania (BNR): licence claimed but not found in the register. The Bank of Latvia states it has granted no authorisation to OdeonPay (odeonpay.com) and that the site misleadingly presents itself as a licensed provider. No payment-institution or e-money authorisation was found for OdeonPay or Odeonpay ALE S.R.L.
Has a regulator taken action against OdeonPay?
The Bank of Latvia published a warning (reported around April 2026) about OdeonPay (odeonpay.com): it says the site misleadingly presents itself as a licensed provider of payment or crypto-asset services without authorisation, and urges people not to engage or pay into its accounts. No action against Odeonpay ALE S.R.L. in Romania was found.
Who owns OdeonPay?
The odeonpay.com terms state incorporation in Saint Vincent and the Grenadines; data aggregators list HQ as Latvia (site hosted in Latvia), with no Latvian register entry found. The Romanian company Odeonpay ALE S.R.L.
Is OdeonPay safe to use?
RatEx42 rates OdeonPay Red as of 2026-11-05: RatEx42 found serious concerns in public sources. The signal is an assessment of public information, not a finding of unlawful conduct and not advice. Always check the licence in the official register yourself.
Answers are generated from this profile (reviewed 2026-11-05). Sources are linked in “The full check” below.
About
OdeonPay (odeonpay.com) presents itself as a payment gateway for merchants, with local payment methods in more than 10 Asian countries; business-data sites list it as Latvia-based and founded in 2019. The Bank of Latvia has published a warning stating that OdeonPay (odeonpay.com) misleadingly presents itself as a licensed provider of payment or crypto-asset services, holds no Bank of Latvia authorisation and is not supervised by it. Its website terms say it is incorporated in Saint Vincent and the Grenadines. A Romanian company, Odeonpay ALE S.R.L. (Bucharest, registered Nov 2020, registered activity data processing/web administration), is named as "Merchant of Record" under the Paysagi brand on many merchant sites, mainly trading and prop-firm sites. The link between the odeonpay.com operator and the Romanian company rests on the shared name and is not confirmed by a register; the Bank of Latvia warning names odeonpay.com, not the Romanian company or Paysagi.
Read more
OdeonPay (odeonpay.com) presents itself as a payment gateway for merchants, with local payment methods in more than 10 Asian countries; business-data sites list it as Latvia-based and founded in 2019. The Bank of Latvia has published a warning stating that OdeonPay (odeonpay.com) misleadingly presents itself as a licensed provider of payment or crypto-asset services, holds no Bank of Latvia authorisation and is not supervised by it. Its website terms say it is incorporated in Saint Vincent and the Grenadines. A Romanian company, Odeonpay ALE S.R.L. (Bucharest, registered Nov 2020, registered activity data processing/web administration), is named as "Merchant of Record" under the Paysagi brand on many merchant sites, mainly trading and prop-firm sites. The link between the odeonpay.com operator and the Romanian company rests on the shared name and is not confirmed by a register; the Bank of Latvia warning names odeonpay.com, not the Romanian company or Paysagi.
The full check
🪪LicenceLicensing & registrationProblem
The Bank of Latvia states it has granted no authorisation to OdeonPay (odeonpay.com) and that the site misleadingly presents itself as a licensed provider. No payment-institution or e-money authorisation was found for OdeonPay or Odeonpay ALE S.R.L. The Romanian company's registered activity is data processing/web administration (CAEN 6311). Paysagi says regulated processing is done by unnamed authorised partners while acting as Merchant of Record. The BNR register was not directly queried.
- Bank of Latvia warnings page lists OdeonPay (odeonpay.com) among unlicensed providers
- Report on the warning: no Bank of Latvia authorisation granted; not under its supervision
- Romanian trade register activity: data processing and web page administration
- Paysagi describes regulated processing by authorised partners
👥Who owns itOwnership & controlCaution
The odeonpay.com terms state incorporation in Saint Vincent and the Grenadines; data aggregators list HQ as Latvia (site hosted in Latvia), with no Latvian register entry found. The Romanian company Odeonpay ALE S.R.L. (established Nov 2020, Bucharest) has one shareholder and one director whose names are masked in the sources found. Group structure is not transparent and the brand-to-entity link is unconfirmed.
🏦Where your money goesBanking & payment chainCaution
Acquiring banks and processors behind the service are not disclosed. Paysagi refers only to authorised payment partners and banking partners, and its terms say it holds merchant funds and may deduct amounts from settlement funds or reserves. It acts as Merchant of Record for many trading/prop-firm merchants.
- Master Services Agreement: settlement/reserve deductions, 14-day dispute window, sharing data with unnamed acquiring/banking partners
- Odeonpay ALE S.R.L. (Paysagi) named as Merchant of Record
- Review describes Odeonpay ALE (reg. 43293516) as merchant of record for a prop firm
- Review notes Odeonpay ALE as merchant of record for a flagged trading site; says an intermediary is not itself proof of misconduct
⚖️Regulator actionsRegulatory actionsProblem
The Bank of Latvia published a warning (reported around April 2026) about OdeonPay (odeonpay.com): it says the site misleadingly presents itself as a licensed provider of payment or crypto-asset services without authorisation, and urges people not to engage or pay into its accounts. No action against Odeonpay ALE S.R.L. in Romania was found.
📰News & reputationAdverse media & OSINTCaution
One threat-intel site (PhishDestroy) labels odeonpay.com a phishing domain citing 3 VirusTotal vendor flags; its report is inconsistent (gives a 2026 creation date although the domain was registered in 2019, and claims MetaMask impersonation) and may be unreliable. Scamadviser rates odeonpay.com very likely safe but gives paysagi.com a low trust score. The Romanian entity is used as merchant of record by high-risk trading/prop-firm sites, and review sites have published scam warnings about some of those merchants.
- Domain flagged by 3 security vendors; report says site offline
- Domain registered 2019-04-02, contradicting the PhishDestroy creation date
- Scamadviser: very likely safe, WHOIS hidden
- Scamadviser: low trust score for paysagi.com, young site, crypto services detected
- Scam-warning article about a merchant using Odeonpay ALE as merchant of record
💬Customer experienceCustomer conductNot checked yet
Not yet assessed.
How we rate: methodology.
Similar providers
Licences & registrations
| Regulator / register | Type | Number | Status |
|---|---|---|---|
| Bank of Latvia | Payment/e-money/crypto-asset service authorisation (odeonpay.com) | Claimed, not found in register | |
| National Bank of Romania (BNR) | Payment/e-money institution authorisation (Odeonpay ALE S.R.L.) – register not directly queried; none found via public s | Claimed, not found in register |
Version history
- 2026-11-05 Red signal Automated re-check: enforcement: unknown → red – Bank of Latvia warning (about April 2026) on OdeonPay (odeonpay.com) for misleadingly presenting itself as a licensed payment/crypto service provider; found on bank.lv and tvnet.lv
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