BiyapayOmdömen 

I am writing this to warn all users about a severe fund safety issue with BiyaPay and its partner, FV Bank. I initiated a transfer of $9,500 (net $9,405 after BiyaPay fees), and the funds have been missing for over 15 days.

The Facts:

Official Denial: I have received formal confirmation from Wise and its underlying clearing bank, Community Federal Savings Bank (CFSB), stating they have ABSOLUTELY NO RECORD of this transaction or the provided Trace ID.

Deceptive Tactics: Despite the receiving bank's "No Record" status, FV Bank keeps claiming the funds were "delivered." Even worse, FV Bank's support team showed extreme technical incompetence by referring to an ACH transfer as a "Wire" and telling me to contact a non-existent "Wire Department."

Refusal to Refund: BiyaPay is now hiding behind the "Christmas Holiday" excuse to delay a refund that should have been processed immediately. They are forcing the customer to bear the risk of their own clearing chain's failure.

Evidence held: I have the email from Wise/CFSB experts confirming the funds never reached their system. BiyaPay/FV Bank are currently holding my $9,405 illegally without providing an FRSN (Federal Reserve Sequence Number) to prove any successful clearing.

Conclusion: If you value your capital, STAY AWAY. I have already escalated this case to the CFPB (Consumer Financial Protection Bureau) and OCIF. I demand an immediate reimbursement. I will not stop updating this review across all financial forums (Reddit, V2EX, etc.) until my funds are returned.

As someone who thoroughly researches financial platforms before use, I must warn others about several concerning issues with BiyaPay:

Regulatory Red Flags: The Hong Kong Securities and Futures Commission (SFC) has officially warned the public that BiyaPay is an unlicensed platform. It is not authorized to provide Hong Kong or US stock trading, and operating without a license is illegal in many jurisdictions.

False/Unverifiable Licensing Claims: Although BiyaPay advertises regulatory approvals (including a US SEC registration and a New Zealand FSP license), official checks show that BiyaPay is NOT listed as a registered investment adviser with the US SEC. The current status of their New Zealand FSP registration cannot be independently verified because of technical issues, and a New Zealand FSP number does not grant international brokerage authority.

Withdrawal and Account Issues: Numerous independent reviews and analyses report withdrawal blocks, frozen accounts, and additional document demands after experiencing account gains—clear warning signs of a risky platform.

Aggressive Referral Promotions: The website heavily emphasizes referral bonuses rather than genuine investment services, a pattern often associated with high-risk and potentially fraudulent platforms.

Very Limited Credible User Reviews: Trustpilot and other independent sources show very few authentic user experiences, which raises further suspicion for a platform handling substantial user deposits.
Conclusion:
Given the regulatory alerts, licensing ambiguities, and user complaints, I cannot recommend anyone use BiyaPay—especially for significant investments or buying US stocks. There are far safer, established, and fully regulated alternatives available. Please do additional research and avoid risking your assets with unlicensed or unproven trading platforms.

The website of this scammer has change to .com
After deposit, you won't get back your money.

BIYAPAY is a great app. It's a user friendly.

Not a good working enviroment. Doesnt want to have paid ads. Seems a scam. Employer doesnt want to reveal his face

Scam Alert! This is the same company that scammed the traders. Once you deposit money, you will never get back.