money_gate
We’ll also cover key players in the industry and emerging trends and technologies shaping the future of gambling payment processing.
When you investigate the many options that are marketed for such solutions, you can rely on the expert advice that our team at GBO will provide. We also can advise you on which software packages best suit your specific needs, and gambling payment gateway integration services.
We have more than 12 years of experience dealing with all aspects of setting up online casinos in several countries.
Running an efficient and profitable online gaming operation relies on having the right payments processing platform. It must guarantee the security and integrity of the whole process of money flow into, through and out of the gambling system.
There are several fundamental components that any gambling payments software package for online gambling must incorporate:
Gaming Payments Software
Gaming payments software is a type of software that enables the processing of payments for online and mobile gaming platforms. These platforms may include online casinos, sports betting websites, and social or casual gaming apps.
Gaming payments software typically integrates with various payment methods, such as credit cards, debit cards, bank transfers, and e-wallets, to allow players to deposit and withdraw funds from their gaming accounts. The software may also support the processing of in-game purchases, such as virtual currency or items.
Gaming payments software may include features such as fraud prevention, compliance with relevant regulations, and customer support. It may also be designed to support different currencies and languages to accommodate a global audience.
There are many providers of gaming payments software, and the specific features and capabilities of these systems may vary. When choosing a gaming payments software provider, it is important to consider factors such as the provider’s reputation, the security and reliability of the system, and the range of payment methods supported. It may also be helpful to compare the offerings of multiple providers and seek recommendations from other gaming companies or industry experts.
Online gaming credit card processing
Online gaming credit card processing refers to the process of accepting and processing payments made with credit cards on online gaming platforms. This can include online casinos, sports betting websites, and social or casual gaming apps.
To support online gaming credit card processing, gaming companies typically use payment processing software that integrates with various payment methods, including credit cards. The software is responsible for securely collecting and transmitting payment information from the player to the payment processor, which then processes the transaction and settles the funds with the gaming company.
To accept credit card payments, gaming companies typically need to have a merchant account with a payment processor or acquirer. A merchant account is a type of bank account that allows a business to accept credit card payments, and it requires the completion of a merchant application and an underwriting process.
To ensure the security of online gaming credit card processing, it is important for gaming companies to use software and systems that are compliant with relevant security standards, such as PCI DSS (Payment Card Industry Data Security Standard). It is also important to implement measures to prevent fraud and unauthorized access to payment information.
In addition to credit cards, online gaming companies may also accept other payment methods, such as debit cards, bank transfers, and e-wallets. The specific payment methods supported will depend on the capabilities of the payment processing software and the preferences of the gaming company and its customers.
Payment gateways for online gambling business
A gambling payment gateway is a type of software that enables the processing of online payments, including those made on online gambling websites and platforms. The payment gateway acts as an intermediary between the gambling business and the payment processor, securely collecting and transmitting payment information from the customer to the processor for processing and settlement.
Payment gateways for online gambling businesses typically need to support a range of payment methods, including credit cards, debit cards, bank transfers, and e-wallets. They may also need to be able to handle different currencies and languages to accommodate a global audience.
In addition to facilitating the processing of payments, payment gateways for online gambling businesses may also include features such as fraud prevention, compliance with relevant regulations, and customer support.
Gambling payment gateway providers – There are many providers of payment gateway software for online gambling businesses, and the specific features and capabilities of these systems may vary. When choosing a payment gateway provider, it is important to consider factors such as the provider’s reputation, the security and reliability of the system, and the range of payment methods supported. It is also important to ensure that the payment gateway is compliant with relevant regulations and industry standards. It may be helpful to compare the offerings of multiple providers and seek recommendations from other online gambling businesses or industry experts.
Gambling payment gateway integration services
Gambling payment gateway integration services refer to the process of integrating a payment gateway with an online gambling platform. This typically involves configuring the payment gateway to work with the platform and connecting the two systems to allow for the secure processing of online payments.
Gambling payment gateway integration services may be provided by the payment gateway provider or by a third-party service provider. These services typically include the setup and configuration of the payment gateway, as well as testing to ensure that it is working correctly with the gambling platform.
Gambling payment gateway integration services may also include additional features and services, such as support for different payment methods, compliance with relevant regulations and industry standards, and fraud prevention.
When choosing a provider of gambling payment gateway integration services, it is important to consider factors such as the provider’s reputation, the experience and expertise of the team, and the level of support and service offered. It may also be helpful to compare the offerings of multiple providers and seek recommendations from other online gambling businesses or industry experts.
More about credit and debit cards
Accepting transactions from the customers’ credit or debit cards lets you get transfers directly from their bank account. Credit, prepaid and debit cards (such as Visa, MasterCard, Maestro, Diners Club & American Express) are currently the most preferred online payment tools.
You should make sure to incorporate the Payment Card Industry Data Security Standard (PCI DSS) into your credit card handling. By displaying this on your website, you will assure customers that your platform is processing, transmitting and storing their credit card information in a secure payment environment.
| Rank | Company Name | Description | Country |
| 1 | PaySafe | A global online payment solution provider specializing in the gaming and gambling industries. Offers a variety of services, including online wallet, prepaid cards, and direct payment processing. | UK |
| 2 | Worldpay | One of the leading global payment processing providers, offering a comprehensive suite of solutions for the gambling industry, including fraud prevention, multi-currency support, and risk management. | UK |
| 3 | SquareECommerce | A popular payment gateway with a dedicated solution for the gambling sector, allowing for seamless integration and secure transactions. | US |
| 4 | EMerchantPay | A global payment service provider specializing in the online gambling industry, offering customized payment solutions, including credit and debit card processing, alternative payment methods, and risk management. | UK |
| 5 | SafeCharge | A leading payment technology company focusing on the gambling industry, providing end-to-end payment solutions, including fraud prevention, risk management, and advanced payment processing. | Israel |
| 6 | Skrill | A popular digital wallet and online payment gateway catering to the gambling industry, offering a secure and easy-to-use platform for online transactions. | UK |
| 7 | NETELLER | A widely-used e-money transfer service specializing in the gaming industry, allowing users to securely transfer funds to and from gambling websites. | UK |
| 8 | Trustly | A European payment service provider that offers fast and secure online transactions for the gambling industry, enabling players to deposit and withdraw funds directly from their bank accounts. | Sweden |
| 9 | ecoPayz | An online payment solution that supports the gaming industry, offering secure, instant transactions, and a variety of account types to accommodate different users. | UK |
| 10 | Neosurf | A prepaid voucher-based payment system popular in the gaming and gambling industries, allowing users to make online transactions without the need for a bank account or credit card. | France |
More about gaming payment security
Your system must ensure that data cannot be read or diverted while flowing over the internet. For this, the gaming payment platform must be a verified payment services gateway that encrypts all details end-to-end in a secure environment. This gives both you and the customers protection against fraud and ensures a smooth flow of deposits and withdrawals.
More about customization
Customers need an easy to use and enjoyable experience that lets them pay and play quickly, seamlessly and securely. Your internet presence must be consistent across all online activities, from marketing, sign-on, payments and gaming. When you have a customizable payment system, you will be able to give the user the same look and feel that they experience in all other activities.
More about localization of the gaming payment gateway
When you are targeting customers from different countries who are conducting their transactions in their own currencies and prefer to see the interface in a familiar format, you need to localize the software package. Your platform should provide for local currency payments and payment methods so that customers can pay in their own currency, which will minimize your costs from foreign transaction fees.
More about alternate payment methods
e-Gaming payment services
When your e-Gaming customer transfers money into their account, there is a process that must involve several intermediary steps. From entering the details into your website, the data is sent to a payment gateway, which verifies the transaction details and then routes information to the payment service provider (PSP). The PSP then requests authorization of the transactions from the customer’s issuing bank/card network and to the merchant’s acquiring bank for confirmation that the funds are available and then for approval of the transaction.
The gaming payment gateway process must ensure that the data is genuine, secure and encrypted. The payment gateway service can be provided by an independent PSP, a bank, or a separate specialized FinTech (financial service provider) or EMI (Electronic Money Institute). All of these charge fees for the services provided.
Payment Service Providers (PSP) operate a payment gateway or payment processor service through which you can accept electronic payments by multiple payment methods. With this service, your online casino can receive payments from your clients via bank transfer, credit card, e-wallets and the rest quickly and conveniently. The PSP has an ongoing record of the transactions, and you can use it as proof in the event of a dispute with your customer.
Selecting the suitable PSP is vital to your business’s success. Let GBO help you with our experienced managers who have specialized in providing advice for e-gaming companies worldwide.
e-Gaming secure payment
Security of all transactions is essential for many reasons. Firstly, potential customers are extremely wary of committing their money to a business that does not have good end-to-end security to protect their funds. This is especially the case when customers want to conduct their transactions with credit cards since the card details are a gateway back to their own bank accounts.
For your own business’ safety, the whole stream of funds transfers must be fully encrypted to prevent hacking of your own accounts and theft of your customers’ money in transit and inside your system.
For these reasons, your payment processing system must be built with every aspect of each transaction completely secured from outside interference. The e-gaming payment system must interface only with accredited payment gateways and payment service providers and hold the data internally in fully secured vaults.
How do you pay for online gaming?
e-Gaming operators provide a wide range of options for customers to quickly and safely transfer their money into an online gambling account and start playing. You should find a casino that allows you to securely deposit from your current credit or debit cards, or to transfer funds held in an existing e-Wallet or from a digital wallet if you want to pay with bitcoin or other digital currency. Some online e-gambling systems also accept e-Checks or wire transfers from your commercial bank account.
What is the most secure online payment?
There is a high degree of security for transfers if you choose a reputable e-gaming operator located in a country that requires its casinos to be licensed and supervised, such as Curacao and Malta. Transactions with credit cards have the same level of security as you would get buying goods online. If you want to add additional protection, you could create a wallet and top it up when you need to transfer more money. You can request a debit card or prepaid card from your regular card issuer, because then the amount of the transfer is limited to the value of the card and there can be no fraudulent transaction that flows back to your bank account. Similarly, wire transfers and e-Checks are limited. The disadvantages of these are they need to to be re-issued any time you want to top-up the e-Gaming account, and you can’t directly retrieve your funds and winnings from your casino account.
Is PayPal safe for online games?
PayPal is one of the most widely used payment processing services, with around a quarter of a billion customers. The service provides a very high level of transaction security and also has the advantage of being a major US company subject to close scrutiny by the Federal government to ensure proper accounting and management practices.
Recommended for you
