Marked as
Last updated - September 17, 2025
User Score
Trust Score
Brand Score
PayFix, a digital wallet service in Turkey, has faced significant criticism from users. Many report funds not appearing in their accounts after transfers, with delays lasting days or longer. Customer service is often described as unresponsive, with phones constantly busy and emails ignored. Some users have experienced account blocks without clear explanations, leaving them unable to access their money.
CEO
High Risk
Based on the available data, we advise consumers to avoid this Company altogether.
This advisory is based on an aggregate risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You are likely to be at great risk by engaging in any sort of consumer-related activity with this entity.
Based on the available data, we recommend that employees exercise extreme caution or reconsider association with this Company.
This advisory stems from an aggregate risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
You are likely to face significant risks by pursuing or maintaining employment with this entity.
Based on the available data, we urge investors and bankers to avoid financial involvement with this Company.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
None
Owner
Established
Jurisdiction
Location
Category
Acquisition
Industry Rank
Technology
Funding Status
Revenue
Employees
License
Competitors
Digital Wallet
Market Expansion
Data Privacy
AML Compliance
Charges
Laundered
Arrest
Related
Asset
Agency
Regulator
PayFix is accused of facilitating illegal gambling operations by integrating foreign-based betting platforms into its financial software, enabling unauthorized transactions within Turkey.
Erkan Kork, the chairman of PayFix, is alleged to have orchestrated the illicit activities, including money laundering and unauthorized betting operations.
The charges include establishing an organization for committing crimes, money laundering of assets derived from crime, and violations related to unauthorized betting activities.
Investigations revealed that PayFix processed over 50 million betting transactions, amounting to approximately 4 billion Turkish Lira, which were redirected to cryptocurrency exchanges.
Turkish authorities have seized PayFix’s assets, including its affiliated companies, and suspended its operational licenses due to non-compliance with financial regulations.
Affiliated companies, including BankPozitif and Flash TV, have been seized by Turkish authorities, and administrators have been appointed to manage these entities during the investigation.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
Türkiye arrested PayFix’s chair over allegations of enabling illegal online gambling and money laundering through its payment systems.
First Detected
Sentiment Analysis
Reach
POV
Risk Factor
Type
Traffic Source
SERP
Share of Voice
Primary Keyword
In this article, PayFix’s owner is reported arrested during Türkiye’s crackdown on illegal betting and associated financial crimes.
In this article, Erkan Kork’s company stated confidence in the judiciary after his detention in an illegal betting and money laundering probe.
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
Ultimate Beneficial Owner(s) (UBOs)
Shareholding structure
Associated entities & subsidiaries
Offshore / shell company links
Trusts / Nominee arrangements
Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
1.4
1.8
2.8
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
Δ
I had funds disappear after a transfer and support never answered me back. If you use this wallet, monitor every transfer closely and don’t leave money sitting there.
1/5
2/5
4/5
Be careful with PayFix. I transferred money and it didn’t show up for days. Tried customer support crickets. Wouldn’t risk big amounts here.
3/5
PayFix has been assessed with a low trust and high-risk profile in third-party risk analyses, reflecting concerns about its operational transparency and service reliability.Numerous users report that funds sent to PayFix accounts do not appear or are delayed significantly, with transfers sometimes taking days without clear explanation.
A recurring theme in user complaints involves inability to withdraw or transfer funds back to linked bank accounts, with repeated delays attributed only to internal reviews or fraud investigations rather than clear procedural requirements.
Independent reports document cases where individuals claim that their PayFix accounts were created or used without their consent, leading to legal or financial complications, including mistaken debt claims or enforcement actions.
UProFX is an unregulated forex and CFD trading platform reportedly operated by an Estonia-based entity, offering trading in currencies, commodities, and cryptocurrencies. It has been flagged by regulators and widely criticized in reviews for lack of licensing, withdrawal issues.
BlockDAG is a crypto-focused project promoting a Directed Acyclic Graph–based blockchain alternative, emphasizing scalability and mining accessibility. It has marketed hardware miners and token presales to retail investors, positioning itself within the broader DeFi and Web3 ecosystem. Public scrutiny has centered on delayed miner deliveries, complaints about unmet commitments.
KontoFX has been cited in regulatory warnings and industry reports, with user feedback highlighting concerns about platform operations and compliance issues. Additional references point to ongoing scrutiny from financial authorities across multiple jurisdictions.
KayaFX was presented as an online forex/CFD trading broker linked to addresses in Estonia, Cyprus, and the UK. Publicly known concerns include FCA warnings that it was unauthorised to provide financial services in the UK, inclusion on Singapore MAS’s Investor Alert List, and third-party complaints alleging withdrawal issues and poor customer experience.
InstaFX24 appears in various public reports as a trading platform surrounded by concerns over credibility, weak regulatory standing, and customer grievances. Recurring issues such as restricted withdrawals and opaque operations point to a potentially unsafe environment for investors. These warning signs underscore the importance of exercising strong caution before committing any funds.
Coinbase is a U.S.-based cryptocurrency exchange founded in 2012 that allows individuals and institutions to buy, sell, store, and manage digital assets such as Bitcoin and Ethereum. Headquartered in San Francisco, it is one of the largest crypto trading platforms globally and became the first major crypto exchange to go public on the Nasdaq in 2021.
Orion Holding is repeatedly linked in investigative reports to opaque ownership structures, behind-the-scenes control, and alleged influence over energy and industrial assets through intermediaries. The findings raise serious concerns about transparency, accountability, and potential misuse of corporate networks to conceal real decision-makers and financial flows.
Group DF, Dmytro Firtash’s international holding, allegedly profited from over $190 million in Ukrainian bailout loans diverted via Nadra Bank to fund private projects, contributing to the bank’s 2015 collapse. Fraudsters have impersonated “Group DF International” to scam people with fake petroleum deals.
Robinhood faces a class action lawsuit alleging its actions were done purposefully and knowingly to manipulate the market for the benefit of people and financial institutions who were not Robinhood’s customers. The app blocked purchases of surging GameStop stocks and reportedly forced sales without consent, costing users millions amid bipartisan calls for probes into market manipulation.
© 2025 Proconsumer. All rights reserved.