Is EntroPay legitimate? What about their FSA number?





Today I was looking for info about EntroPay.com, a company that issues virtual Visa credit cards. despite the vaguely scary name ;) of the company, I planned to use one of those one an American site that would not allow me to pay with my normal Italian credit card.

I thought to look for info about the status of the company that owns the site, since scams are always out there on the Internet… I also had found at least a couple messages of people claiming that the “FSA number” for EntroPay is “false”.
EntroPay seems popular in UK but is actually based in Malta. Anyway the FSA registration is real and this can be easily checked.

Here is some info at the bottom of EntroPay‘s webpage:

EntroPay is operated by Ixaris Systems Ltd.
Ixaris Systems Ltd is authorised by the Financial Services Authority under the Payment Service Regulations 2009 for the provision of payment services. Registration number 540990.
EntroPay VISA cards are issued by Bank of Valletta or Transact Network Limited, pursuant to a license from VISA Europe.
EntroPay MasterCard cards are issued by Transact Network Limited pursuant to licence by MasterCard International Incorporated. MasterCard is a registered trademark of MasterCard International Incorporated.

FSA – UK’s Financial Services Authority – can be reached at www.fsa.gov.uk and they allow to verify this kind of info.

On the FSA site, various types of search can be performed; the one you need is “Payment Services Firm Search” and once there you need to type the “Firm reference number“: 540990.

Here are the results:

Basic details for:
540990 – Ixaris System Limited
Payment Institution status: Authorised Payment Institution
Effective Date: 27/04/2011
Agent Status:
Effective Date:
Address:
1 Berkeley Street
London W1J 8DJ
Phone: 44 020 7025 5473
Fax: 44 020 7099 8904
Email: WILLIAM.LORENZ {at} IXARIS(.)COM
Notices: Payment services are not covered by the Financial Services Compensation Scheme.

I still don’t know if I will get an EntroPay Virtual Visa, but I thought to share this little bit of info.