Paddle settles for $5 million over facilitating tech support scams
Paddle.com and its U.S. subsidiary will pay $5 million to settle Federal Trade Commission (FTC) allegations that the company facilitated deceptive tech-support schemes that harmed many U.S. consumers, including older adults. Paddle, a UK-based payment processor, offers payments, tax handling, compliance, and checkout infrastructure for software and digital product sellers by acting as a "merchant of record." According to the FTC, Paddle failed to perform adequate screening and fraud prevention