PayBud is a regulated business registered and approved to operate as a Money Service Business by FINTRAC. This ensures we must comply with stringent regulations to prevent money laundering and protect your funds.

Alongside that, we also protect you from customer fraud and under-age purchases, by ensuring that all our users are of legal purchasing age in your province.

• Advanced Security Technology:

  • High-Tech KYC Partner: We use advanced Know Your Customer (KYC) technology to verify the identity of all users and businesses. This includes biometric checks and real-time data analysis to prevent fraud.

  • Encryption: All transactions and data are encrypted using industry-standard SSL/TLS protocols, ensuring your information is protected from unauthorized access.

  Continuous Monitoring:

  • 24/7 Fraud Monitoring: Our security team continuously monitors transactions for any signs of fraudulent activity. Any suspicious activity is promptly addressed to protect your business.

  • Regular Security Audits: We conduct regular security audits and vulnerability assessments to ensure our systems are secure and up-to-date.

  Closed-Loop Ecosystem:

  • Internal Transaction Processing: Our closed-loop system processes all transactions internally within the PayBud network, reducing the risk of external threats and ensuring faster, more secure transactions.

If you have any further questions about PayBud’s safety, please contact our support.