Railsbank Reviews 

This company is used by fraudsters to set up bank accounts. My bank, HSBC received a letter requesting payment to an account IBAN Number: GB58PAYR04294454479822 for £4604.

Thankfully, my bank spotted this as being potentially fraudulent and contacted me.

By checking the IBAN Number, I identified the requesting account for the payment as 'PAYRNET LIMITED' who are a subsidiary of Railsr.

There is no way of contacting Railsr to report that they are hosting a fraudster's account.

Railsr are enabling fraudsters to exist!

I lost my 39000 euros ! I had my money with Colletra limited their offices are in Cyprus. Then on October 2022 they blocked all the accounts . Payrnet never help me I was emailed rails bank back and forth for about 1 year !!!!
Then the declare bankruptcy.
Please someone help me , I don’t know how to take my money back . This guy administrator called Vaidas Verenius called once who barely was speaking English asking verbally via phone ( not written ) a bunch of documents in less than 24 hours to attach in his mail otherwise my money will be gone !! Wtf? Any other person experienced this ?

REGARDING OUR REDUNDS .
I spoke today with Mr Vaidas Verenius and they will soon make statemant about all this mess from MuchBetter and missconduct .There not one cent from MuchBetter held by uab payrnet , says Mr Verenius .He told me that Our money is most likely at Payrnet limited UK or MIR limited UK .I asked him why is MuchBetter telling us that our money is held and safe at uab payrnet .He sais : to save 100 of millions of euros .The court of lithuania can help us says Mr Vaidas like they helped a Spanish citizen getting back his 21000 euros .But we will need lawer .Forget about sending your claims to Mr Vaidas because there is absolutly no money at all from MuchBetter held by uab payrnet , says Mr Vaidas Verenius .And TRUSTPILOT , be my guess and delete this review If MuchBetter Ask u to do so ..But statemant from Mr Vaidas is just around the corner and people will know .And now we know why muchbetter do not want to show us what kind of proof they «send» to Mr Vaidas , because there is no proof to show .

Holding peoples money asking them to make their claims to
Attn.: Vaidas Verenis

Erfurto g. 30

LT-04100 Vilnius

The Republic of Lithuania

vaidas.verenius and his gmail adr

KEEP AWAY FROM THESE SCAMMERS

Its months that Im waiting for my refund after startup app was closed. I will write every day until you don't give me an answer.

PLEASE NEVER OPEN BUSINESS ACCOUNT THERE!
After KYC approval and making first deposit, support stopped to response, now they are outboarding my company and don't want to return money!

Besides that, customer support doesn't know anything including their responsibilities, you must contact 5 different persons by yourself to get any information

Months after taking our deposit, the Customer Implementation person is nowhere to be found. No email responses whatsoever. The Support system generates automatic tickets from jira and then no one follows up. The original junior contact has moved to another company. Founder's email auto reply is "I'm am now enjoying some time out to focus on my health and recharge. "

I have just been scammed by a Facebook seller using Marketplace. I sent a payment for an item and no further contact. The seller deleted their account etc.

My fault - be very carefull if the seller uses Railsbank or Payrnet.

RAILSR/ PAYRNET IS HOLDING MY FUNDS AND NOT REPLYING TO ANY REQUESTS. we contacted the central bank of Lithuania and they say that the ibans i use is the linked to payrnet ltd but ar regulated in the UK FCA not central bank of Lithuania, the reason is that they start with GB and not LT which sould had been chnaged after brexit, for residents of europe

This company 4 months see my Case .and no give me information where it’s my money
Please no trust this company !!!
Big fraud

This is the worst company that i have ever collaborate. Do not fall in trap to get a license for BaaS. They will never care about your customers. They care only to get paid in the end of the month. Stay Away.

Scammers are using Railsbank to transfer funds from legitimate buyers on facebook to their Railsbank sellers accounts with fake identities. I have recently been scammed out of money and have been unable to contact Railsbank.

They provide the business account of Neat Commerce

They rejected a payment and didnt refund our customer (40K)

They told they made the refund thursday 14th april but wednesday 20th april, our customer has still not been refund

We wrote many mails to support, we received only automatics answers (from Oleksandra Shkolna, from Alina Sikora, from Yoghan Arumugam, Daniil Kravchenko) without an answer

We called them by phone, and the person told us to write, she can t answer or to transfer a call (WOW)

Be carful about this provider

This company is incompetent beyond belief, they have little or no staff and do not have any knowledge of customer service. ANNA who share the same incompetence in my opinion use this bank for their infrastructure and payments. You may wonder why your money has not landed in your account? I would question the integrity of ANNA who use these sharks and why they trust your money with them.. DO NOT BANK WITH ANNA....

No happy customer no my 10£ refund transfer accepted for this bank no refund accepted ,confused customer service !

After waiting 2 weeks for my refund to hit my FX card I decided to contact FX who advised that due to a change in card services all refunds to an old card are being held by Omnio, firstly thanks FX for that update! after jumping through hoops to provide bank statements with my IBAN I was advised a further 2 weeks later my refund had been sent for processing and would be received within 28 days so after 28 days I contacted them again and was advised they would get in touch with Railsbank regarding an update who process the refund and got no help! I'm now 3 months from the start of the process and still nowhere near getting my own money, this is really poor on FX, Omnio and railsbank parts

Verry verry ubset customer I don’t recomand Railsbank ANNA monney app unprofessional service !

Apparently this company process refunds for FairFX/Omnio Global. I have now been waiting since 16th August for MY MONEY!!! Have been continually lied to by Omnio global and I feel FairFX has washed their hands of this too. I AM DESPERATE FOR MY MONEY TO PAY MY MUMS FUNERAL COSTS!!!!!!!!!!! I am literally at my wits end now and my GP has had to put me on
Antidepressants because of all the stress this has caused me!!!! These companies ought to be ashamed of themselves fraudulently keeping peoples money!!!!!!!! Absolutely disgusting!!!!!!!!!!

very very bad company. This company must go out of business.

railsbank are just as bad as pockit they don't get back to you they just send out automatic messages what going on with these sham companies