Segpay

Payment service provider · Boca Raton, United States

Segpay bills and processes card payments for merchants that mainstream acquirers avoid. Its own vertical pages name adult and dating, cam and fan platforms, CBD, online gaming, streaming and digital goods, SaaS and subscription businesses, and its merchant signup form lists escort listings and gambling as choices. It operates as a payment facilitator with its own gateway, subscription billing, chargeback tools and consumer self-service portal for identifying charges. Regulated entities sit in the UK, Ireland and Australia, with the group run from Boca Raton, Florida. This is card acquiring and billing, not a bank account: there is no IBAN, no card issuing and no published price list.

Legal name: Segpay Corp. (UK entity: Segregated Payments Limited)
Regulated by: Financial Conduct Authority (UK: Segregated Payments Limited, firm reference 584599), Central Bank of Ireland (Segregated Payments (Ireland) Limited, firm reference C193896), AUSTRAC and ASIC (Australia: Segregated Payments (Australia) Pty Ltd, ABN 92 677 688 407)
Licence confirmed: yes, on a regulator's own list
Website: segpay.com

Scores, 0 to 10

9.5High-risk verticals (iGaming, cannabis, adult, forex)

High-risk is the stated specialism: adult content, webcam, fan platforms, adult gaming, AI companion, dating, escort listings, gambling and CBD are all selectable business categories in the merchant form. · source

6.5Online businesses: e-commerce and SaaS

Merchant services, a payment gateway, subscription billing, 3D Secure, chargeback reduction and bank and CRM integrations are all core products for online merchants. SaaS and subscription verticals have their own pages with recurring billing, and integrations connect to CRM and bank systems; there is no receiving account or revenue-based financing. · source

6.0Foreign-owned & non-resident companies

The merchant application accepts a country of incorporation from a worldwide list rather than only the four countries where Segpay holds licences. · source

6.0Accept crypto payments

Merchants can switch on crypto as a one-time payment option on the Segpay pay page next to cards, with 11 assets including BTC, ETH, USDC and USDT converted to fiat, but the service is powered by partner ForumPay since January 2023, recurring payments are not supported and the per-transaction fee is not published. · source

5.5Europe (EU, EEA, Switzerland)

Segregated Payments (Ireland) Limited is an authorised payment institution under the Central Bank of Ireland (C193896) serving EU merchants in 15 languages, but Segpay offers no euro account, only acquiring. · source

5.5United Kingdom

Segregated Payments Limited is an FCA authorised payment institution (firm reference 584599) with a dedicated UK merchant offering; there is no UK business account or Faster Payments product. · source

5.5United States

The group is run from 3600 FAU Boulevard, Boca Raton, Florida and serves US merchants directly, but provides acquiring rather than any FDIC-insured account. · source

5.0Crypto-friendly bank

Crypto is offered as an alternative payment method in the merchant suite, but Segpay publishes no policy on banking crypto exchanges or VASP-licensed firms. · source

4.5Fast digital onboarding

Application is fully online through a Get Started form that asks for business category, monthly volume and country of incorporation, but no approval time is published and high-risk underwriting is manual. · source

4.5Fintech companies that need a partner bank

Segpay acts as a payment facilitator so platforms can onboard sub-merchants, but there is no safeguarding account, BIN sponsorship or rail access for EMIs. · source

4.5Financial strength & stability

Authorised in three jurisdictions and trading through a UK entity registered since 2011, but privately held with no published accounts, volumes or credit rating. · source

4.5Off-ramp: crypto to fiat in a business account

Crypto paid by consumers is converted immediately and paid out in the merchant's configured fiat currency, but a business cannot send in and sell crypto it already holds. · source

4.0Asia-Pacific (SG, HK, AU, JP, KR)

Segregated Payments (Australia) Pty Ltd is registered with ASIC (ABN 92 677 688 407) and authorised by AUSTRAC as a money service business; there is no licence in Singapore, Hong Kong, Japan or Korea. · source

4.0Startups & VC-backed companies

New merchants can apply online from a wide list of countries, but there is no startup programme, no financing and the underwriting is built around proven monthly sales. · source

4.0Customer satisfaction

Trustpilot shows 3.1 out of 5 from 1,880 reviews for segpay.com. · source

3.5Stablecoins (USDC, USDT and others)

USDC and USDT are accepted on Ethereum, Polygon and Solana networks and converted to fiat, but merchants cannot hold stablecoins or pay suppliers in them. · source

3.0Cross-border payments, FX and multi-currency accounts

Regional pages state multiple currencies and 15 languages for EU and UK merchants, but no currency list, no FX margin and no cross-border payment rails are published. No multi-currency accounts, cash pooling or hedging; the product is acquiring, billing and settlement. · source

3.0Lowest fees

There is no price list: the pricing URL returns a page-not-found and rates are quoted per merchant after an application. · source

3.0Best interest on business balances

Segpay holds merchant settlement funds and publishes no interest or treasury product for them. · source

3.0Bitcoin

Bitcoin is accepted from consumers at checkout and converted straight to fiat, but a merchant cannot buy, hold or send bitcoin through Segpay. · source

3.0Ethereum

Ether and ERC-20 USDC and USDT are accepted at checkout and converted to fiat, with no ether holding, transfers or staking for merchants. · source

1.0Trade, manufacturing & import-export

No letters of credit, guarantees or supply-chain finance; Segpay processes card payments for digital merchants. · source

1.0Business cards (Visa, Mastercard)

Segpay accepts cards from consumers; it issues no business debit or credit cards. · source

1.0Crypto wallet and custody for a business

Segpay's crypto FAQ says merchants never receive or hold cryptocurrency because every crypto payment is converted to the merchant's payout currency, so there is no crypto wallet or custody. · source

1.0On-ramp: buy crypto with fiat

Segpay is a card and alternative payment processor and offers no way for a business to buy crypto with its fiat, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.