Zet Casino, formerly operated by the now-bankrupt Rabidi N.V., is currently managed by Liernin Enterprises Ltd, registered in the Marshall Islands, with payment services facilitated by Mirata Services Ltd in Cyprus. Despite holding an offshore license from the Philippines, which is not recognized in the EEA regions, Zet Casino continues to accept players from these regions and the UK without apparent restrictions. This review highlights the payment providers involved in Zet Casino’s operations, raising significant concerns.
Payment Providers Involved
Credit/Debit Cards and E-Wallets
Zet Casino allows deposits through various methods, including credit and debit cards, e-wallets, e-vouchers, and cryptocurrencies. The primary payment gateway identified is PaymentIQ from Worldline, a well-known provider in the online casino sector, including those operating without proper licenses. PaymentIQ’s involvement in facilitating transactions for unlicensed operators like Zet Casino raises questions about their compliance practices.
Cryptocurrency Transactions
Cryptocurrency payments are another significant aspect of Zet Casino’s payment options. CryptoPay is used as the payment processor for both deposits and withdrawals in cryptocurrencies. This service enables customers to transfer crypto assets directly to Zet Casino, which are then reflected in their account balances.
Additionally, MoonPay is integrated to facilitate the purchase of cryptocurrencies using credit or debit cards. This service allows players to buy digital currencies, which are then automatically transferred to their Zet Casino account, enhancing the player’s balance without the need for traditional banking intermediaries.
Bank Transfer Options
While direct bank transfers are not standard for deposits, players can withdraw their balances via bank transfers. This process involves Noda, a payment processor that operates through a separate domain, Bankstransfer.com. The use of different domains and payment processors highlights an attempt to streamline transactions while potentially avoiding regulatory scrutiny.
Compliance and Concerns
The acceptance of players from the EEA and the UK, despite lacking the necessary regulatory approvals, coupled with the absence of Know Your Customer (KYC) checks, places Zet Casino on a Red Compliance Listing by FinTelegram. The involvement of reputable payment processors like Worldline, CryptoPay, and MoonPay in facilitating transactions for an unlicensed operator poses serious compliance issues. These payment providers must reconsider their association with Zet Casino and similar entities, ensuring that their services are not used to support potentially illegal activities.
In summary, the payment providers supporting Zet Casino’s operations, including PaymentIQ, CryptoPay, and MoonPay, play a crucial role in enabling its business model. However, their involvement with an unlicensed and potentially non-compliant entity like Zet Casino warrants further scrutiny and raises significant ethical and legal questions.