PayRate42 Reviews utPay's Compliance and Risk Status
PayRate42 has reviewed UAB "Utrg," operating as utPay, a fintech company registered in Lithuania and Abu Dhabi. utPay provides a fiat-to-crypto exchange platform and non-custodial wallet services, offering various payment methods. The platform requires KYC compliance for crypto purchases, which is a positive indicator.However, the lack of transparency regarding ownership and fee structures, combined with associations with illegal online gaming platforms, places utPay on the Orange Compliance List. Despite this, the absence of significant negative customer feedback has kept utPay on the Green Risk list.
For more information, visit:https://payrate42.com/listings/utpay/
8 The Green
19901 City of Dover
Delaware
United States
PayRate42 is a rating agency specializing in payment processors. Our main goal is to protect merchants and consumers by providing transparency through the evaluation and rating of financial service providers. High-Risk Payment Processors (HRPP) operating outside the established regulatory framework are our primary focus.
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