Payment service providers often block card payments from jurisdictions where a local license is required. It has become very difficult for offshore companies doing high-risk businesses such as online casinos. Online Casino Payment Processors Online Casino Therefore, it is consistent with concluding that a significant portion of the revenues of unlicensed or offshore-licensed online casinos ends up in Cyprus. Many unlicensed and Curacao-licensed Online casinos use companies registered in Cyprus as their payment processors. Cyprus is certainly the hotspot in Europe for high-risk payment processors and PayTechs working for financial service providers and online casino operators.
