Following the expansion of the online gambling casinos, businesses are getting additional and more companies are arising to give services to the growing global demand. Also, they are doing so to benefit from the sector’s current opportunities. The result of such an increase in operators within the market has been very competitive in nature, in a way that each operator must have a quality backend product to make themselves the best when it comes to market. Along with other important systems maintained by industry market participants one cannot overlook the presence of iGaming payment gateways.
iGaming payment gateways are instrumental in the casino ecosystem as they make deposits for players and transfer their cashouts to the operator. Instantly, the choice of the payment service provider that complements your particular needs becomes a matter of urgency, especially when the variety of currencies and the amount of payment options are considered. In this post, we will go over some major considerations related to payment methods vendors that can be helpful to the operators and discuss the most appropriate payment methods for their casino operations.
Top Providers of Casino Payment Solutions
Skrill
Skrill gives an online wallet together with their prepaid credit card. They provide quick services and minimal deposit fees, if any, and this is for a $5.5 withdrawal fee. Skrill is the most reputable e-wallet globally that is, often, held by active gamblers on online gambling platforms.
Skrill is pleasantly useful among people of different jurisdictions, and operators find it easy to incorporate its services in their operations due to its numerous benefits. In addition to this, Skrill is backed by Paysafe Group, who are well-known for their niched yet effective global experience.
Neteller
Neteller, a widely used casino payment solution provider, an umbrella of the Paysafe Group, concentrates more on the transmission of funds rather than providing commitment solution. It is a multinational currency exchange company and operates by dealing globally with many different currencies and facilitates the transactions by the means of the most commonly used debit and credit cards along with a few other payment solutions including PaySafe and iDEAL which will be discussed later.
In addition to this, Neteller addresses the problem of transaction by allowing individuals to trade with cryptocurrencies hence providing more flexibility. Very high transparency, safety and simplicity are the upsides of the chosen currency exchange service; however, they do have downsides of the mean charge of 2.5% fee and less than 20,000 currency unit transaction per month.
PayPal
We have PayPal which is, to say the least, one of the most globally-recognized and widely used solution providers and online wallets today. To be sure, the services of the institution are widely available. However, certain areas might get cash out operations difficulties. The firm has unique qualities such as in-house credit cards with a choice of enabling online payment on a pay-later basis.
Indeed, involving PayPal in its business operations among many kinds of currencies enables PayPal to provide its automatic currency conversion services, which means that operators receive their deposits in various currencies without assistance from the direct support. On its part this project also provides a charging fee based on an average of 1.7% and allows people to transact any amount.
PayCryptos
Now let’s explore a merchant which facilitates cryptocurrency payment, PayCryptos. This online casino payment gateway is tailored for the iGaming expert SoftGamings who have the specific aim of ensuring that their product is the number one option for online casinos that want to incorporate cryptocurrencies into their sites.
At the front of the technology advancement is this solution which is global and competitively favored as it does not have intermediaries hence it’s direct to the point. PayCryptos supports 8 blockchains and more than 16 cryptocurrencies; one of its prominent options includes Bitcoin, Ethereum, Tether, Dogecoin, and many others. Thus, PayCryptos provides diversified digital currency for online gaming platforms.
Google Pay
What distinguishes the global phenomenon of Google pay is the diverse range of mobile devices that are accessible, inclusive of the Apple iPhone and iPad. And so, it does excellently in the provision of a reliable payment mode for the online casino industry. Offering an easy-to-use payment provider through which users can connect their credit or debit cards and make payment transactions without having to re-enter their information each time when they log in to a new service, Google Pay has been able to make their users’ lives a whole lot simpler.
Being used everywhere in day-to-day running activities by many people as well as other tasks, the Google Pay application stands out as an accessible option for customer provision management. Low transaction fees which do not exceed 2% are the service’s strongest point, but transaction limits imposed in certain regions may turn out to be an obstacle to its functionality. However, the wide spectrum of Google Pay makes it much better than its minor negative features.
Apple Pay
Another service that is similar to the one that was mentioned before, Apple Pay is not without the benefits of Google Pay. It enables users to manage different credit and debit cards that they can customize according to the card they select each time they shop. Apple Pay is a wonderful online casino payment method which is really user-friendly and sometimes beats Google Pay; low fees and high transaction thresholds can be considered its main advantages over Google Pay.
But the greatest problem other than Apple Pay is its disparity in accessibility. But the unique feature of the service being exclusive to Apple’s devices has created a barrier, as the Apple devices comprise only 30% of the global mobile phone markets. Indeed, with the limitation on the number of users, big operators may have still enough enticement in the iOS market to be interested in supporting Apple Pay.
Neosurf
Neosurf, being a payment solution provider, strongly supports the gambling sector. It is heavily displayed on the sites of many popular operators worldwide, and it clearly demonstrates the idea of being the best in the field of casino payments. The company is offering customers an easy approach through vouchers and feature accounts that allow them deposit money using various methods including cash and transfers.
Neosurf offers a convenient way of conducting global transactions since it is accessible in most major countries globally and conducts transactions via its voucher system by which it accommodates multiple currencies. While in regions where physical vouchers are not available in stores, the service presents the opportunity of using it online.
Neosurf also provides such benefits as tiny transfer fees, instant operations, and a user-friendly interface that saves time for the deposit procedure.
