dan w.

Paygol.com is a card payment processor who scam a lot of their customers with a pretty simple but effective confidence scam. They approach semi legal websites like Kodi box sellers, IPTV service providers and various online gaming hack/code reseller sites offering them payment processing facilities for their website. These sites would not be able to secure legit merchant services for a long period of time before being closed down by the more known payment processors like PayPal etc. Once paygol.com get them onboard they let these sites build up large credit balances into their paygol.com accounts. They will pay out a few small payments to get the customers trust that they are a legit payment processor but they let the balances build up enough to make it worthwhile closing the account down, freezing the funds with some fake excuse that they have been approached by some third-party investigators from such and such, asking them for the ID of the site owners. Paygol.com will have their true ID as they request it on the setting up of the account with bank Id and passport id. This is what keeps the original customer/victim from asking too many questions as paygol.com has their real ID and could inform on them if they caused too many headaches or ask to many questions as they are still actively selling whatever product
Do your searches and see that they have done this to a lot of people.

I am sure with the volume of transactions they must be doing, they would make enough money if they honored their customers funds but I guess greed wins at the end of the day with some people but karma has a funny way of coming back around:-)