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9 Aspects to Look For in a Top iGaming Payment Provider
There are hundreds of iGaming payment providers out there. Which one will meet your demands? Many businesses ask this question. Not many get the right answer.
With the global online gaming market expected to reach $127 billion by 2027, getting the right iGaming payment services is paramount. Simply put, the better provider you have, the more customers you can serve, the faster payments will be, and the higher your income you will have.
Yet, choosing the right provider can be challenging, especially with the unique needs of high-risk industries like iGaming. In this piece, we will go through a nine-point checklist. These steps ensure you enter a pool of top iGaming payment providers.
So, buckle up.
1. Verify If an iGaming Software Provider is High-Risk Friendly
iGaming is a high-risk industry. That means higher fees and more scrutiny. Choose a provider specialising in high-risk sectors to avoid disruptions and reduce transaction rejections.
Keep note: Not all payment providers are willing to work with high-risk industries, leading to potential delays or increased fees.
The right iGaming payment provider must have these aspects to be truly high-risk friendly:
- Have no volume restrictions
- Understand the industry to the bone
- Provide a dedicated account manager with expert knowledge of the sector
- Support licenses in different jurisdictions
2. Check How Long It Takes for an iGaming Payment Provider to Open a Business Account
Now, you narrowed down the list of best payment providers for iGaming. The next important question to ask:
How long will it take to open a business account?
In most cases, when you need to open a business account, you can expect two challenges:
- Lengthy approval process.
- A lot of documents to provide.
Many banks does not understand industries like iGaming. That is why they ask tons of unrelated questions and require documents you don’t simply have. As a result, getting a business account can take weeks or months.
A good provider opens a business account for you in several weeks. A great iGaming software solutions provider opens a business account in about 48 hours.
https://account.paydo.com/en/auth/business/sign-up
3. Make Sure an iGaming Payment Provider Has SWIFT In Their Arsenal
For international transactions, SWIFT is a must. This scheme allows for faster, more secure iGaming transactions. It reduces delays and ensures smooth processing of player deposits and withdrawals.
Without SWIFT, iGaming operators risk slower processing times and dissatisfied players. Yet, the rule of thumb dictates that the more payment schemes you have access to the better.
4. Does iGaming Payment Provider Offer Multiple Currencies?
This should be your next question. Even if an iGaming payment provider is high-risk friendly, opens a business account fast, and is connected to SWIFT, this does not mean you get many currencies to work with. You still need to pay contractors in their local currency.
Also, setting up a multicurrency account can come at a significant cost. Banks and EMIs impose additional charges for each extra currency you might need.
5. Check If an iGaming Payment Provider Offers Merchant Services
If you have a website accepting payments, you need a good checkout.
What constitutes a “good” checkout?
In most cases, the number of chargebacks, holds, rolling reserves, as well as payment methods available. Besides, you want a checkout that can be easily integrated.
6. What About Mass Payouts?
Every iGaming operator knows how hard it can be to send multiple payments to several customers. When you don’t have mass payments with your iGaming provider, every payment must be made one by one. Without saying, it will take a lot of your time and nerve.
.
7. Confirm Whether an iGaming Payment Provider Have Virtual and Physical Cards
Virtual and physical cards allow flexibility for both business payments and player withdrawals. They can be used for payouts, ad spending, or corporate expenses. Besides, having a personalised plastic card speaks volumes about your brand.
8. Compliance With Global and Local Regulations
After going through the arsenal of services of a chosen best iGaming payment provider, the next logical step is to look at compliance. You must be sure a selected provider has the legal right to provide certain services and operate in partnership destinations.
To illustrate, as an iGaming payment provider, one should have at least these:
- The Financial Conduct Authority (FCA).
- Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
As an add-on, a good iGaming payment provider should have an Authorised Electronic Money Institution (UAB) license. This one allows the platform to issue electronic money and offer related financial services within the European Union (EU) and European Economic Area (EEA).
9. Double-Check the Security Measures an iGaming Payment Provider Implements
For top iGaming payment providers these security measures are non-negotiable:
- Built-in anti-fraud.
- PCI-DSS Level 1 compliance.
- 3D-Secure (3DS) technology.
- Anti-money laundering (AML) protocols.
- Automated KYC.
PayDo—All Payment Solutions in One Place
While all roads lead to Rome, all aforementioned aspects lead to platforms like PayDo.
PayDo is a payment ecosystem. It made sure all the aspects we talked about were covered. Namely, the platform is:
1. High-risk friendly:
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- No volume restrictions.
- No hidden fees
- No minimal commitments
- No minimal balances
- No nonsense requirements
- All iGaming licenses (Curacao included).
- In-depth understanding of high-risk industries.
- Curacao and other licenses supported
- A dedicated account manager with extensive experience in iGaming
- Momentary payouts
- Scheduled payments
- 140+ destinations
2. Business account opening:
-
- Takes about 48 hours.
- Completely remote.
- Requires a standard package of documents.
- Onboarding is as quick as verification.
3. Nine payment schemes:
-
- SEPA
- SEPA instant
- Fedwire
- Target 2
- FasterPayments
- Chaps
- BACS
- Kronos2
4. Multicurrency:
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- Dedicated IBAN with 35+ currencies and 150 countries.
- Personal account with 12+ currencies.
- No extra charges for currencies.
5. Checkout:
-
- Zero chargebacks
- No holds or rolling reserve
- Easy API integration
- 350+ payment methods
- Localization
- Instant settlements
- Conversion rate > 98%
- Unlimited websites
6. Mass Payouts:
-
- Automatic payouts without any manual inputs.
- Customers receive their funds without fees.
7. Virtual and Physical Cards:
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- Offer employees personalized cards.
- Improve corporate expense management.
- No limit on issuance.
8. Compliance and Security:
1.Licensed by:
-
-
- FCA.
- FINTRAC
- UAB.
-
2.Security measures:
-
-
- Built-in anti-fraud.
- PCI-DSS Level 1 compliance.
- 3D-Secure (3DS) technology.
- Anti-money laundering (AML) protocols.
- Automated KYC.
- Encryption.
- Safeguarding.
-
Besides, recently PayDo was nominated for the Payment Innovation of the Year award at a
reputable iGaming-focused SBC 2024 convention.
Finally, PayDo have become a SWIFT Direct Participant. Now the platform can send and receive messages directly through the SWIFT network without intermediary banks.
For PayDo clients, it means faster transaction speed and fewer delays.
Conclusion
When choosing a payment provider for iGaming, check these aspects:
- High-risk friendly;
- Business account opening;
- SWIFT availability;
- Multiple currencies;
- Merchant services;
- Mass payouts;
- Virtual and physical cards;
- Compliance;
- Security measures.
The list is that long because top iGaming payment providers like PayDo work hard to develop a solution that will stand out in a competitive market. With PayDo, you get the services of 8-9 payment providers in one place and under one contract.
Don’t hesitate to open an account right now. We are ready when you are!
The post 9 Aspects to Look For in a Top iGaming Payment Provider appeared first on European Gaming Industry News.
Latest News
SOFTSWISS Game Aggregator: Largest Content Hub Certified in Brazil
The SOFTSWISS Game Aggregator, the largest content hub in the iGaming industry, has secured Brazilian certification, becoming one of the first in the market to achieve this milestone.
Regulatory rules for iGaming come into effect in Brazil on 1 January 2025. According to them, platforms, aggregators, sportsbooks, and providers must undergo certification. Companies aiming to provide their services in Brazil in 2025 and beyond have been preparing for this transition throughout the year.
The SOFTSWISS team announces that its Game Aggregator is the first to fully comply with regulations, completing all necessary preparations and receiving the certificate to ensure smooth and efficient operations for its clients.
SOFTSWISS has also obtained certification for integration with the world’s largest game providers – Pragmatic Play, Evolution, and Playtech. These providers offer a diverse range of games tailored to suit the preferences of Brazilian players, from immersive live dealer experiences to engaging slots and table games, ensuring entertainment for every type of player.
According to recent Kantar research conducted in November 2024, the overall satisfaction index for the SOFTSWISS Game Aggregator is 8.1 out of 10. Remarkably, half of the respondents rated the product a 10 or 9. Customer support service satisfaction scored even higher, at 8.4 out of 10.
The Game Aggregator also boasts a key advantage: consistent 99.999% uptime, which is crucial for the iGaming business.
Ivan Montik, Founder of SOFTSWISS, notes: “According to our information, the SOFTSWISS Game Aggregator is the first aggregator fully prepared, both technically and legally, to work in Brazil when the new regulations take effect. This is a significant achievement that the team has worked on diligently and systematically. Our work doesn’t stop here – we are actively adding new providers to help our clients expand their presence in this promising Brazilian market, which is no longer ‘the sleeping giant’. It has awakened, and SOFTSWISS is at the forefront of this exciting transformation.”
To support this high level of performance, earlier this year SOFTSWISS appointed Rubens Barrichello, the Brazilian Formula 1 legend, as a Non-Executive Director, demonstrating its strong commitment to the local market. To ensure efficient operations and promptly address ongoing matters, SOFTSWISS also has a dedicated team of local business development managers in Brazil.
SOFTSWISS team will be available to discuss partnership in Brazil and other markets at the first major iGaming event of 2025 – ICE Barcelona, taking place on 20–22 January, at stand 2G42.
About SOFTSWISS
SOFTSWISS is an international technology company with over 15 years of experience developing innovative solutions for the iGaming industry. SOFTSWISS holds a number of gaming licences and provides comprehensive software for managing iGaming projects. The company’s product portfolio includes the Online Casino Platform, the Game Aggregator with over 23,500 casino games, the Affilka Affiliate Platform, the Sportsbook software and the Jackpot Aggregator. In 2013, SOFTSWISS revolutionised the industry by introducing the world’s first Bitcoin-optimised online casino solution. The expert team, based in Malta, Poland, and Georgia, counts over 2,000 employees.
The post SOFTSWISS Game Aggregator: Largest Content Hub Certified in Brazil appeared first on European Gaming Industry News.
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Digitain has promoted Group Chief Strategy Officer to CEO of Relum
Digitain, the leading provider of sportsbook and casino platform solutions, announced today that Edmond Ghulyan, the Group Chief Strategy Officer, has been promoted to CEO of Relum, the casino engine solution provider that is part of the Digitain Group of Companies.
Edmond has held several key leadership positions within the Digitain Group over the past seven years, including Chief of Centrivo Products and Group Chief Strategy Officer. He brings extensive experience in the iGaming industry, along with expertise in digital strategy, product innovation, operations, and market-product fit strategies. His comprehensive understanding of both B2B and B2C iGaming supply chains will be invaluable in further scaling Relum’s product offerings, including casino aggregation services and market expansion.
Digitain’s Group Founder, Mr. Vardges Vardanyan, commented on the promotion: “I am delighted to have Edmond lead the Relum team. With his extensive experience in product and commercial development at Digitain over the years, Edmond will support and facilitate comprehensive solutions as Relum expands its services to B2C partner operators in high-growth markets.”
Edmond Ghulyan, CEO of Relum, expressed his enthusiasm for the new role: “I am truly excited to have played my part of Digitain’s growth journey, and now Relum, a company that has consistently expanded its business solutions within the global regulated iGaming supply chain. The company’s customer-centric approach and commitment to its people in delivering complex solutions for today’s multi-jurisdictional regulated operators have always impressed me. I eagerly look forward to scaling the Relum business with new and existing partners and leading the product and sales team in the coming months.”
The post Digitain has promoted Group Chief Strategy Officer to CEO of Relum appeared first on European Gaming Industry News.
Argentina
ZITRO CELEBRATES THE LAUNCH OF ITS FIRST WAP IN ARGENTINA AT THE HIPÓDROMO DE PALERMO
Zitro, a leading global gaming company, has announced the successful launch of its first Wide Area Progressive (WAP) in Argentina, with over 45 slot cabinets initially installed in five gaming halls located at the Hipódromo de Palermo. The product selected for this project is the successful game “Mighty Hammer Ultimate” on Zitro’s premium cabinet, “Altius Glare.”
This system represents the first WAP in South America. A shared jackpot called “Mega Pozo Mighty Hammer” starts at 50 million Pesos and grows progressively, making it the largest accumulated prize in the region. The official inauguration was held on December 19th during the exclusive “Noche de Palermo” event, including a live performance by the renowned Argentinian band Los Totora.
Company Directors commented: “We are very pleased to introduce Argentina’s first WAP at the Hipódromo de Palermo. This project – for which we partnered with Zitro – reiterates Casino Club’s commitment to innovation, always under the premise of offering our customers an entertainment experience that exceeds all their expectations.”
For her part, Alejandra Burato, Regional Director of Zitro for LatAm, commented: “The launch of our first WAP in Argentina is a very important milestone for Zitro, as it confirms our company as a supplier of machines for WAPs. Attending the inauguration event and seeing firsthand how our products connect with players has been a pleasure, providing a unique and different entertainment experience in the region. Additionally, I want to highlight the excellent marketing surrounding the launch, contributing to its success. Finally, I would like to thank Casino Club for their trust and collaboration, which has allowed us to present this innovative proposal in such a renowned and emblematic place as the Hipódromo de Palermo.”
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