Company Information

Get to know OpenWallet - The Approval Company

OpenWallet - The Approval Company positions itself as an expert in the payments industry, focusing on providing high-risk merchant accounts and payment processing solutions. The company's mission is to help businesses in traditionally underserved or "high-risk" sectors (such as e-commerce, subscription services, and others with high chargeback rates) get approved for reliable credit card and ACH/e-check processing. They leverage a network of acquiring banks to find suitable payment solutions for their clients, emphasizing their expertise in navigating the complexities of high-risk underwriting and compliance.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service

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OpenWallet - The Approval Company

United States

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/10

Reviews

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Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

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Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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.