Topic: Connecting Your Gambling Project's First Payment Gateway (Read 236 times)

It looks complicated and there are so many requirements, if I'm a casino operator and I will just do away with these traditional methods I just use Cryptocurrency much easy and it's accepted by many players gamblers are safe using Cryptocurrency now it's anonymous and protects their privacy, time will come that only a few casinos will use traditional payment because casinos that are on top of the industries are Cryptocurrency base.

It is true. Using cryptocurrencies can prevent hacks that can occur via other payment methods. We have heard a lot of news about how credit or debit cards, PayPal, and other payment methods are hacked so that we really lose our money. However, crypto is also not 100% safe because everything will depend on how we can use it properly and correctly. Gambling platforms have to think about security loopholes that could leak at any time, which will affect the casino's payment methods. But if they could keep the casino safe, nothing like that would happen. And yes, gamblers want a fast process of depositing and withdrawing using crypto, which has helped the development of crypto so far.

That's right, not all players have or do not know how to use the crypt. So there is a place for accepting and regular bank cards in an online casino. And you also need the ability to withdraw and deposit money in different ways

It seems to me that now we will see how all services will increase in price! Let's see; of course, this will affect payment systems in the first place. Our operator has not raised prices yet but warned that he would do so shortly.

More payment options available, more chance of getting those players.
Remember, not all gamblers are familiar with crypto payments.
Some of these traditional gamblers will keep using their fiat.
So yes, it still makes sense for a casino to include fiat payment system.
And some of these crypto users at some point may also use fiat if they run out of crypto.
A lot of people are still using their fiat-based credit cards, so you can't discard yet the idea of fiat payment.

Why not? What if they want more players on their sites? And the only way to do it is if their casino supports payment methods other than cryptocurrencies. We all know that the offline gambling places are closed due to covid so it's expected that the players of those casinos will look for alternatives online and many of them will find it easier to deal with non crypto payments.

I think there's also non crypto gambling sites which plans to add cryptos for the same reasons. They know that not all crypto users will use cryptos forever but many are also dual and will find it easier if there are more payment options available in a gambling site.

A tutorial on how to integrate traditionally payment processors in Cryptocurrency based casinos may look complicated and a lot of documents are needed when a Cryptocurrency casino can just be integrated with Cryptocurrency without the hassle of providing these so many documents, it's good that casinos have many options to accept payment but with the surge of popularity of Cryptocurrency uses in casinos I agree that casino should just accept Crypto and the casino will be ok the most important is its reputation, these other payment gateways are just going to be second options for users.

I honestly think it wouldn't be much of an issue for most casinos to prepare the requirements that they need for payment gateway implementations since it would've originally been needed for registration and a bunch of other official stuff needed before they could officially say that their casino is running. Plus as others have said, crypto itself is an option that doesn't really need much in terms of doing paperwork or requirements in general. Might need some work though if they want to create a local wallet of sorts.

After all we already have an exchange service to buy crypto, users can buy crypto and play it, even crypto in general there are no restrictions and most importantly safe. Credit card visa that I know can be misused even paypal accounts in the past vulnerable to hacking.
Gambling platforms should only focus on site development, other payment gateway I think don't need much and loyal gambler not mind it we just want instant deposit/withdraw via Crypto payment.

The payment gateway will depend on what the owner wants. If the owner wants to run his casino using crypto, he does not have to focus or be concerned about another payment gateway such as PayPal, bank wire, visa, western union, etc because he does not need that. And since he introduces himself in the crypto forum, he can use a crypto payment gateway like the other casinos.

The other payment gateway is only an option for the other members who come through social media or another website to have the other payment choice. The crypto user only wants to see the deposit and withdraw in the short term so they can directly play the games they want and get their win money when they want to withdraw.

I have worked in a casino for several years, and we have never had problems with payment gateways before. And now it's starting to go up in price. I think this is due to the general world crisis! Do you also, or is it just our partner raising prices?

Yeah but what I have seen is most of the crypto casino owners prefer to engage a wide variety of people in the system thus making it awfully obvious to actually get as many payment options as they can, some people might have some funds some place else and might wanna gamble on the crypto site but in that way a crypto gambling site has to also work as an exchange 💱 which is so much different on many levels since an exchange would not only need additional assistance but as you said rightly would kill the simplicity.

Do read this article here : https://www.gamblinginsider.com/in-depth/16968/paynearme-49-of-gamers-would-deposit-more-with-better-withdrawal-options

*The preference of individuals can be very different* thus better to have them and not use them than to not have them and let other take the business.

I don’t understand why would a crypto casino owner want to deal with paypal, visa, bank wire, western union etc.

It don’t make one bit of sense to me. All you need is a working crypto deposit/withdrawal system.

Simplicity don’t mean “less”, it means “more”

First of all you won’t have to get in trouble with setting up all those fragile/complex systems which cost lots of money, second of all the government will not bother you because you are not dealing with FIAT.

It is a win win. Just accept crypto and you are good to go.

Yes, I attribute this to the fact that the technology is only developing, and, unfortunately, well-thought-out protection systems have not yet been created. Although I greatly respect the blockchain, I must say that there is still work to be done here!

Yes, I see it without testing! You go to the news feed and find reports of hacks almost every day. This is especially true for crypto gateways! At first glance, the blockchain should provide good protection, but everything turns out somehow differently in practice.

As for me, the most crucial thing in a payment gateway is security! Everything else is secondary! The problem is that it is challenging to determine their vulnerabilities at a glance. My team and I tested some payment gateways last year and realized they all had some problems.

Everything is on the Internet! By the way, did you read the article carefully? The author once again offers you to buy such a study! As for me, the price is not bad, I bought it for 100 dollars!

By the way, this is a good idea! Where can such research be found? I don't have the time or energy to search for information on my own!

if you don't want to spend time looking for the perfect payment gateway, you can buy the complete study. The guys have collected all the necessary information, and you just analyze all the data. It is very comfortable! I did this and have never regretted it. So convenient and so fast! And most importantly, the price does not bite.

Hello, indeed, choosing the right gateway is a complicated process! My friend asks why you are so nervous? I contacted the first company that came across and agreed! But in practice, everything turns out to be much more complicated. It is essential to me that this supports different bank cards (not only Visa and Mastercard), + I would like this to be able to be used for cryptocurrencies (or you need to use a different gateway for this). Help!

For an online casino to function normally, developers must set up selected payment systems and connect gateways. This is not as easy as it might seem at first glance. Today we will examine the process in more detail and take a look at payment system requirements.

How to select payment systems? When choosing a payment system, you first need to determine which of them meet gambling industry standards. The fact is that payment systems face a lot of risks when working with casino accounts.

Other selection factors include:

• The option to use local payment methods;
• Bank cards processing for VISA, MasterCard, American Express, etc.;
• E-money payment support based on the user's geolocation;
• The option to accept subscription-based (recurring) payments;
• Fraud Prevention and Chargeback Responsibility Transfer System. Your payment operator must monitor for fraud and support 3-D security protocols;
  
• Easy integration with the most prominent gaming platforms. Most gambling sites use specialized software products. Ideally, they should implement payment operator's API.

One must also consider the company's regional features.

How to get a merchant account? Only an officially licensed casino can open a merchant account. You will need to go through the following steps:

• Create a website and integrate it with certified software;
• Choose a reliable bank and open a current account;
• Collect your document package (more on that below);
• Select an operator and apply for a merchant account;
• Agree on details, sign an agreement, and integrate payment tools into your website.

For the payment system to cooperate with your casino, the gambling project pages must contain the following information:

• Payment refund options with detailed conditions (reasons, terms, amounts);
• Document-matching company name and registration address;
• Mandatory policies that users have to agree to before using your service (Terms of Use, Privacy Policy, KYC/AML Policy, Refund Policy, separate or in the same document);
• Company headquarters contact details, customer support, and beneficiary information.

Payment System Connection Requirements Every payment system sets its own requirements for casinos. However, some positions are valid for all gambling clubs.

Documentation requirements:

• The company's legal name;
• Customer support e-mail and phone number;
• Registration date;
• Geographic area of ​​operation;
• Company website;
• Number of users;
• Company scope;
• List of website-provided services;
• Sales volume;
• Average payment amount.

Newly formed companies should also be ready to provide:

• Business plan in English;
• Financial model;
• Company owner dossiers;
• Owner account statements and corporate accounts;
• Any other requested documents, such as industrial enterprise and bank recommendations, counterparties and partners lists indicating fund turnover, etc.

Offshore and low-tax jurisdiction or CIS country client companies are required to make a security deposit, i.e. "freeze" a certain amount of money on their account, which the processing will use should problems arise with the client's payments.

Payment System Connecting Process Payment systems can be integrated into a casino via API, allowing you to complete all processes as quickly and efficiently as possible. Ideally, the process will only take about 1 or 2 days. Thanks to this technology, you can connect the merchant's full functionality or set up payment buttons and forms. Payment systems most commonly used by gambling projectsMost online casinos prefer to use the following payment systems:

• Credit and debit cards;
• E-wallets;
• Mobile payments;
• Cryptocurrencies;
• Offline recharge methods, such as Western Union, MoneyGram, etc.

It is crucial that the system connected to your casino provide users with diverse payment option. To help you choose the right payment system, we have prepared the List of 64 Payment Aggregators for Gambling and the List of 103 Crypto Payment Aggregators of 2022. These datasets will help pick a most suitable gateway for your business.