Headquartered in London, Allied Wallet (alliedwallet.com) is a merchant account provider that specializes in e-commerce and has grown rapidly in the last few years. The company, which was founded in 2002, appears to utilize First Data as its processing network but may also be partnered with other international companies and banks. Allied Wallet claims to service 88 million users worldwide and claimed to process $55 billion in 2013, but the company has received very little coverage in the U.S. and is not showing very many reviews online. This is likely due to the fact that Allied Wallet appears to operate most heavily in Asia (specifically Russia and China) and the UK. In fact, Allied Wallet was the first company to win the international rights to transact renminbi online, which has helped it to secure a large foothold in the growing Chinese e-commerce market. Andy Khawaja is listed as the CEO of Allied Wallet.
Allied Wallet reached a civil settlement with the FBI in 2010 for a sum of $13.3 million, which the FBI had seized in an online gambling raid. According to the FBI, Allied Wallet knowingly partnered with a Scottsdale, Arizona-based bank to process offshore wire transfers and other payments related to gambling through an Isle of Man company called Pokerstars. Allied Wallet forfeited the total amount seized by the FBI and has not been cited for similar illegal activity since the ruling.
- Sales & Marketing: Allied Wallet has a history of utilizing misleading sales tactics, but it appears to have changed its approach in recent years.
- Costs & Contract: Allied Wallet lists its base rates, but its contract terms will vary depending on the merchant’s country of origin and business type.
- Complaints & Service: Allied Wallet has received more than 25 public complaints.
- BBB Rating: Allied Wallet has an “A+” rating with the Better Business Bureau and has received five complaints in the past three years.
- Rates & Fees: How Merchants Got The Best Rates With Allied Wallet