Within 24 hours of the Department of Justice and Homeland Security
seizing Payza’s .com domain
, the payment processor reemerged on a .eu domain.

The “payza.eu” domain was registered back in 2012. Payza only activated in response to the domain seizure however on March 21st.

Payza’s parent shell company PH Millars is listed as the owner of the domain. The domain itself is registered through the US registrar GoDaddy.

Whereas Payza’s clients, many of whom the DOJ and HSI allege are criminals and peddlers of child pornography, were unable to access their wallet balances, after the .eu switch they were again able to transfer funds.

Considering Payza co-founder Firoz Patel is an
indicted fugitive facing a $250 million money laundering case
, this seemed a strange development.

Today we dig a little deeper and examine how, despite US authorities’ efforts, Payza and Patel are still servicing their clients.

The footer of the new Payza EU website states

Griffin Management is a Licensee of MH Pillars Ltd., operating as payza.eu

No information about Griffin Management is provided.

The corporate address provided on the Payza EU office belongs to Finchley House, a virtual office services provider in London, UK.

From this we learn Griffin Management is pretty much a shell company set up in haste to circumvent US regulation.

With US authorities bearing down on Firoz Patel (his co-founder brother Ferhan was also indicted and has since been arrested), the big question is how is Payza providing payment processing services?

According to Payza EU’s User Agreement, payment processing services are provided through their ‘
financial software provider, Synapse
‘.

According to their website, Synapse Financial

enable(s) companies to provide the best in class finance products to their customers for a fraction of the cost of traditional banks.

Advertised services on the Synapse Financial website include “process(ing) payments between bank accounts” and the “open(ing of) FDIC insured bank accounts”.

Featured “bank partners” on the Synapse Financial website include Evolve, Triumph and I-Bank. All three banks appear to be US owned and operated.

Synapse Financial itself is a US company, operated out of California by founder and CEO, Sankaet Pathak.

I wasn’t able to find any definitive links between Pathak and Payza or Firoz Patel… which just raises even more questions.

How is it an indicted fugitive wanted by US authorities is

able to create a shell company operating out of a virtual address in the UK within 24 hours of losing control of his company’s website domain

use said shell company to register a new domain and enter into a partnership with a US financial services provider

potentially use the services of the financial provider to create bank accounts across three US bank and

continue to provide payment processor services like he’s not facing imminent arrest and $250 million dollar money laundering criminal charges?

Just to be perfectly clear,
this

🤖 Quick Answer

How did Payza resume operations after its domain seizure?
Payza reactivated using its previously registered .eu domain within 24 hours of the US Department of Justice seizing its .com domain in March 2021. The payza.eu domain, originally registered in 2012 under parent company PH Millars, was activated through GoDaddy, enabling clients to access wallets and transfer funds despite ongoing legal proceedings against co-founder Firoz Patel.

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