Payomatix – Anyone Else Facing Issues? Allegations of Fraud, Fake Profiles & Tax Evasion

[Sherlock]

Has anyone here had experience with Payomatix, the UK-based payment processor?
There are increasing reports online linking the company to high-risk merchants, fake identities, mini-umbrella schemes, and tax evasion warnings.

Several investigations claim that Payomatix is connected to Ruchi Rathor, who was previously involved with failed payment firms like iPayTotal, Paypound, and Hawex Group—all of which shut down after fraud and compliance issues.

Key Allegations Being Reported​

• Fake/borrowed identities used for merchant onboarding
• High-risk forex/crypto processing without proper KYC
• “Tax-free bonus” payroll schemes leaving workers with HMRC bills
• Links to umbrella companies suspected of evasion
• Payments delayed, withheld, or frozen
• Very little transparency and no industry accreditation
• Complaints being deleted or ignored

Some whistleblowers even claim that Payomatix acts as a “rebrand” after older companies collapsed.

Questions for the Community​

• Have you worked with Payomatix or any of Rathor’s other companies?
• Did you experience payment delays, missing payouts, or unusual deductions?
• Any issues with HMRC letters or unexpected tax liabilities?
• Are recruitment agencies still pushing contractors into Payomatix despite warnings?
• What red flags did you notice?

Why This Matters​

Many workers and merchants seem to be getting trapped in disguised remuneration schemes without realising it.
If these reports are true, the risks are huge — frozen funds, sudden tax bills, and possible involvement in evasion by accident.

Please share your experience or any evidence you have.
This thread is to help others avoid getting caught in risky setups.