Allied Wallet

Allied Wallet, Inc. is a provider of e-commerce merchant services and online payment processing services, enabling business owners to accept credit cards and other payments on their websites. The company has offices in Los Angeles and Trafalgar Square, London, Germany, Ireland, United States, China, India, and Japan.

History
Allied Wallet was founded by businessman Andy Khawaja in 2002. He resigned from being a vice president of men's fashion company Bernini in 2001 and hired a group of developers to implement his online payment processing company plan. Khawaja did not rely on investors' money to start the company, using his own money instead.

In 2013, the company was forced to disgorge $13 million following an FBI investigation of the online poker industry.

In August 2018, the Associated Press reported that the business had assisted dubious businesses like debt collectors, offshore gambling operations, and phone-sex businesses receive credit card payments, sometimes by setting up shell companies and fake websites. The company denied engaging in money laundering or any other illegal activities.

The AP also reported that Khawaja used profits from the business to donate around $4,000,000 to Hillary Clinton's 2018 presidential campaign, and then donated 1 million to Donald Trump's inaugural committee.

Operations
Allied Wallet reports over 150 million customers in 196 countries and processes 164 currencies. The company uses a secure Internet payment mechanism like PayPal. It forecast $55 billion (£36 billion) of transactions in 2013.

It is a licensed issuer and acquirer of Visa and MasterCard. It also handles peer-to-peer money moves and smartphone payments. Allied Wallet says that its credit card fraud rate is 0.04%, which is lower than the average 2% fraud rate reported by the United States Department of Justice.

According to KCBS-TV in 2015, Allied Wallet's starting salary is around six figures. Its perks include Friday lunches and weekly massages.