WiPay comes to T&T

[teems1]

Other than wipay, what other online payment system exists for small businesses?

That's the problem, our banks and financial system don't comply with many international regulations hence making it very very difficult to use 90% of credit card gateways.

The workarounds are using foreign banks and businesses to receive payment but that opens ups can of worms wrt to taxes.

Secondly, there is the option of PayPal but that has many limitations locally as well.

Stripe can be linked to local bank accounts but their fees are high.

WiPay circumvented this by using shady third party gateways that were very unreliable. They had no proper logging system in place and bypassed many security checks. They would never pass a first world audit.

They at least know this is an issue which is why they're probably trying to form a US bank or organisation to gain access to better gateways. I honestly not sure about the regulatory framework involved there.

All I know is my good friend works in a local bank that is affiliated with WiPay and he has nothing good to say about their system or their management.

While wipay has bad reviews for online payments, they set up for individual website was quiet easy. I'm doing one now and wipay was the easiest online option to add.
I'm looking for alternative ones but what gateways do websites like courts and stuff use?
I read of one fcb was working on but couldn't find any follow up info.

Regarding planting seeds a lot of people myself included used them for the online payment option. But they do take very long to pay out. You have to mentally note that it's going to be at least a month before you can get your money and then their delivery is terrible.

Basically I'm looking for any system to tie into woocommerce right now that facilities online payment locally

Most legit companies in TT use First Atlantic Commerce to handle their online payments.

[pugboy]

first atlantic is local?

[teems1]

first atlantic is local?

Bermuda

But they work with the big 4 banks in Trinidad.

[Dohplaydat]

First Atlantic is great.

There is a market for what WiPay wants to offer, online banks like revolut and many others are huge billion dollar companies, but ofc this takes lots of money and resources and they're already first to market in the US.

But I had high hopes for WiPay but they've tarnished a lot of the good reputation they had initially.

I had a few meetings with their CEO long time ago and I always find he seemed a bit....I dunno very disingenuous, and talked a lot BS, and being a bit of a know if all. So it's no surprise to me that WiPay messed up, and stole many people's money including myself.

[RedVEVO]

First Atlantic is great.

There is a market for what WiPay wants to offer, online banks like revolut and many others are huge billion dollar companies, but ofc this takes lots of money and resources and they're already first to market in the US.

But I had high hopes for WiPay but they've tarnished a lot of the good reputation they had initially.

I had a few meetings with their CEO long time ago and I always find he seemed a bit....I dunno very disingenuous, and talked a lot BS, and being a bit of a know if all. So it's no surprise to me that WiPay messed up, and stole many people's money including myself.

Apparently you do not chill with any big boys intellectually

You call Tony a dreamer etc etc. This is how progress is made in business .

It's a risk , it's a shot into the future , it's for venture capitalists .

Some say BS and some say vision

Tell us you own house in Miami and have people knocking on your door who gave you $20 M USD.

Or own a Bank.

If not wait for " the buy out " by more experienced technocrat businessmen in venture capitalist environment .

Meanwhile you can surely populate Tuner with graphs to amuse and educate Tuners

Tuner is amusement !

[Dohplaydat]

First Atlantic is great.

There is a market for what WiPay wants to offer, online banks like revolut and many others are huge billion dollar companies, but ofc this takes lots of money and resources and they're already first to market in the US.

But I had high hopes for WiPay but they've tarnished a lot of the good reputation they had initially.

I had a few meetings with their CEO long time ago and I always find he seemed a bit....I dunno very disingenuous, and talked a lot BS, and being a bit of a know if all. So it's no surprise to me that WiPay messed up, and stole many people's money including myself.

Apparently you do not chill with any big boys intellectually

You call Tony a dreamer etc etc. This is how progress is made in business .

It's a risk , it's a shot into the future , it's for venture capitalists .

Some say BS and some say vision

Tell us you own house in Miami and have people knocking on your door who gave you $20 M USD.

Or own a Bank.

If not wait for " the buy out " by more experienced technocrat businessmen in venture capitalist environment .

Meanwhile you can surely populate Tuner with graphs to amuse and educate Tuners

Tuner is amusement !

I don't disagree with some of what you're saying. I just don't like their WiPay product, it's not secure, not properly developed and they stole my money and apparently lots of others as well.

I think I'm allowed to bash someone like that, especially when his media coverage paints a completely different picture. That alone will piss you off.

[teems1]

First Atlantic is great.

There is a market for what WiPay wants to offer, online banks like revolut and many others are huge billion dollar companies, but ofc this takes lots of money and resources and they're already first to market in the US.

But I had high hopes for WiPay but they've tarnished a lot of the good reputation they had initially.

I had a few meetings with their CEO long time ago and I always find he seemed a bit....I dunno very disingenuous, and talked a lot BS, and being a bit of a know if all. So it's no surprise to me that WiPay messed up, and stole many people's money including myself.

Apparently you do not chill with any big boys intellectually

You call Tony a dreamer etc etc. This is how progress is made in business .

It's a risk , it's a shot into the future , it's for venture capitalists .

Some say BS and some say vision

Tell us you own house in Miami and have people knocking on your door who gave you $20 M USD.

Or own a Bank.

If not wait for " the buy out " by more experienced technocrat businessmen in venture capitalist environment .

Meanwhile you can surely populate Tuner with graphs to amuse and educate Tuners

Tuner is amusement !

He can be both a visionary and also lacking the ability to produce a working concept.

They are not mutually exclusive.

[RedVEVO]

First Atlantic is great.

There is a market for what WiPay wants to offer, online banks like revolut and many others are huge billion dollar companies, but ofc this takes lots of money and resources and they're already first to market in the US.

But I had high hopes for WiPay but they've tarnished a lot of the good reputation they had initially.

I had a few meetings with their CEO long time ago and I always find he seemed a bit....I dunno very disingenuous, and talked a lot BS, and being a bit of a know if all. So it's no surprise to me that WiPay messed up, and stole many people's money including myself.

Apparently you do not chill with any big boys intellectually

You call Tony a dreamer etc etc. This is how progress is made in business .

It's a risk , it's a shot into the future , it's for venture capitalists .

Some say BS and some say vision

Tell us you own house in Miami and have people knocking on your door who gave you $20 M USD.

Or own a Bank.

If not wait for " the buy out " by more experienced technocrat businessmen in venture capitalist environment .

Meanwhile you can surely populate Tuner with graphs to amuse and educate Tuners

Tuner is amusement !

He can be both a visionary and also lacking the ability to produce a working concept.

They are not mutually exclusive.

Vision and working concept or non-working actually is the issue

Regardless - there are 2 opposites with Trini Business Mindset and Business International MindSet - in general .

Tony's vision is international - his market segment is well defined - Caribbean peeps , students etc.

Nobody just hands you $20 M -$136 M (TT) - in international for BS.

So in essence he has already succeeded by Trini standards . What he will do mostly likely is wait for someone to move the biz to the next level. Example: KFC - The first KFC was in a shared gas station

Trini business is small mining in comparison with only vision of family and then family confusion and then death of the vision when the visionary dies . Examples: Toyota Trinidad and (Ram) Kirpalani.

Tuner could move to another level with new music . Meanwhile we will just have to hear ........

Live your life !

[seanfr13]

I think wipay is a very dishonest company. First of I have two accounts, personal and business. I was told I can use the personnel account until business is verified. Customers make there payment and it shows in the account, I send products and now they flags my account and it's more than 14 days holding my finances. Why are they flagging me and not the customer who made the payment. Now asking for customers ID and credit card information, do you they expect me to call a customer and ask for personal information like that? All that is on the invoice and payment portal. Nothing good comes out of Trinidad. They are a set of lazy thieves

[Chimera]

I think wipay is a very dishonest company. First of I have two accounts, personal and business. I was told I can use the personnel account until business is verified. Customers make there payment and it shows in the account, I send products and now they flags my account and it's more than 14 days holding my finances. Why are they flagging me and not the customer who made the payment. Now asking for customers ID and credit card information, do you they expect me to call a customer and ask for personal information like that? All that is on the invoice and payment portal. Nothing good comes out of Trinidad. They are a set of lazy thieves

plenty ppl have these same complaints

how much $$$ u get tied up with them

[Dohplaydat]

They have still stolen my $400 and refused to refund it and I just fed up call

[gastly369]

I joined color which uses system wipay got verified etc... But after going thru this thread I not doing any business with them...

[Chimera]

it have ppl lost 50k plus with them

[gastly369]

Lawd

[pugboy]

so it’s not a simple send money to you and you receive and can take it out ?

[gastly369]

Done request cancelation of account from them..

[Duane 3NE 2NR]

I have been seeing a lot of stores with WiPay "Linx" machines in the malls etc

[shaneelal]

Grenada revokes licence of regional money service company
The Grenada Authority for the Regulation of Financial Institutions has revoked the licence of WiPay, a Trinidad and Tobago electronic money service business, which was established in 2017, but launched there in 2023.

“In accordance with the provisions of Section 33 (1) (a) of the Money Services Business Act Cap 198A, the Grenada Authority for the Regulation of Financial Institutions (GARFIN), as the Authority responsible for Money Services Business, hereby revokes the licence of WiPay Grenada Ltd with immediate effect,” said a notice on the GARFIN website.


https://guardian.co.tt/news/grenada-rev ... bfd06b679c

[killercow]

Used this service for the first time last week. First and last time I ever doing that sheit!

[Chimera]

What problems u get

[oogeeed]

im not going to lie, ive had some problems with wipay, especially recently. But before things seemed to go good(keep in mind I've never used the business side) however recently I tried making a payment to Paypal only for the card to be declined, I kept trying to no avail but saw emails saying my account is credited despite the transaction failing, called and was told they're having a problem yada yada but that for each failed transaction they'll fine you 4usd, that's bs man

[pugboy]

they prob use some third party card processor where that $4 fee comes from

card processing networks is big business

[Dohplaydat]

they prob use some third party card processor where that $4 fee comes from

card processing networks is big business

They could at least use a decent card processor, last I heard they were using some shady one in India that is popular for being compromised a lot.

[sss001]

Sorry to but they are as shady as they come and very disrespectful. Payment are received by them and hold for 10 day and after they keep finding reasons to keep your money. It more than 120 day they holding 18k of my funds, no response and no communications. STAY AWAY.

[bluefete]

Reading these comments and shaking my head


Aldwyn Wayne, right, with his father who is also Aldwyn Wayne, at the consumer electronics show (CES) in Las Vegas, USA, in 2015. Attendance at the event has been an annual pilgrimage for the father and son since 2000.


https://trinidadexpress.com/business/lo ... e_vignette

ALDWYN Wayne, the founder and CEO of WiPay, the region’s largest payment company, started his first business venture as a six-year-old attending a private primary school in Point Fortin.

In Standard 2, at St Catherine’s Prep School, located in upscale Clifton Hill, Wayne made his first money by taking the blade from a pencil sharpener, shaving off the yellow coating of the pencils of his classmates and replacing the paint on the shaved pencils with a rainbow of colours from markers.

“My classmates would bring their pencils in at the morning break time and come back for them at lunchtime. My cousin, Kirn Wayne, was my business partner. He would collect the pencils and the money. I would shave the pencils and colour them. We used to charge $0.25 a pencil,” said Wayne, who turns 40 in November.