EgoPay announced on February 14th it would close all accounts held by US clients. This makes it the third major payment processor in less than a year to cease US operations or face shutdown, following regulatory actions against Liberty Reserve and Payza.

Last May, Liberty Reserve was shut down after a joint investigation spanning 17 countries. Costa Rican, US, and Spanish authorities led the effort. Six months later, Vladimir Kats, a co-founder of Liberty Reserve, pleaded guilty to money laundering and operating an unlicensed money transmitting business.

In November 2013, Payza abruptly stopped processing withdrawals and deposits for its US-based clients. Reports indicated the Department of Homeland Security had seized Payza's funds as part of an ongoing investigation. The exact details of that seizure remain unclear.

US clients' access to their money has been suspended since November 2013. The fate of these funds and any further regulatory action against Payza in the US is still uncertain.

EgoPay's announcement suggests a proactive measure. The company appears to be closing US operations rather than risking a confrontation with US regulators. Its payment systems had facilitated financial crime through many questionable schemes.

EgoPay's decision to exit the US market came shortly after its debit card services were suspended. On November 13, 2013, EgoPay announced a partnership with ePayments.com for debit card withdrawals.

But on February 12, that partnership ended. "ePayments withdrawals have been suspended until further notice. We apologise for the inconveniences," EgoPay stated. This announcement, made two days before the US shutdown, did not explain why the partnership with "one of the best payment facilitators in the world" was terminated.

EgoPay describes itself as an online payment gateway. It offers a simple method to purchase goods, services, subscriptions, and entertainment using e-currency. The company is registered in Seychelles under registry number 112109.