Honor Gunday and Vladimir Kovalyov started Paymentwall in April 2010 to help game companies on Facebook monetize their global traffic.

[3][4] In 2011, the company entered into partnership with Alipay, a third-party mobile and online payment platform, established in Hangzhou, China in February 2004 by the Alibaba Group.

[6] In 2018, Paymentwall spun out Terminal3 as a global payment platform for gaming companies.

[7] Paymentwall is headquartered in San Francisco, with offices in Berlin,[8][9] Bangalore, Beijing, Gurgaon, Hanoi, Kyiv, Lisbon, London, Moscow, Manila, Seoul, Shenzhen, Cairo and Sofia.

[10] In July 2019, the company officially announced its two new office locations in Bangalore and Gurgaon.