Topic: Thought's on many major fiat-crypto payment gateways ditching casino business's? (Read 646 times)

The great thing about crypto is that it shouldn't matter.  I guess if you're constantly moving money back and forth it might be a big deal, but even then I'm sure you could find the right bank that would be willing to work with you.  If you're just using crypto though, it shouldn't matter if banks cut off your casino.  It could be a problem if they close your account, but like I said, someone will always be willing to provide you the service you need so long as everything you're doing is legal.  At some point banks won't be needed at all...

For me, all the fiat payment options should go Away, with that People know that the best thing here is the payment to bitcoins and the other Cryptocurrencies, with that there are not so many people who are with those things that they will learn. Of the Other casinos , they require each Document to be able to play and they are used to it, in my case the erpsans that use more fiat in a Cryptocasino does not make sense to do it, they track them first , Secondly , these people do not know that when they track you they can Charge you fees I'm easily more expensive taxes and government follow-ups are not Pleasant , I don't trust that, for me everything is done with cryptocurrency and bitcoin I'm Fine.

It's first time I'm hearing that fiat casinos that someone used offer no fees on deposits or withdrawals. I don't know about the casino fees but surely there can be other fees involved in that way of transactions. But, still it's a good thing to know that fiat based casinos offer way better fee structure than the crypto ones. We all know that transactions with crypto-currencies do require some kind of a fee and that's the main reason that why the crypto based casino charge that fee.

I also believe that crypto gambling is better than fiat gambling because with crypto gambling sites you can access so many games which fiat based casinos fail to provide. I also agree that the decentralization and anonymity that crypto casinos offer is at another level when compared to the fiat ones.

The fiat based casinos are centralized and transparent and that's a concern for many gamblers, but in crypto casinos that KYC thing makes them also similar like the fiat ones. But, still if someone plays with low amount then they won't have to go through the hassle of KYC verification and they can easily without their winning without much effort.

There are people who prefer playing using fiat currency because that's their personal preference but most of us are swapping from fiat to crypto just to gamble in crypto casinos and I agree that the fees aren't that high so it's easier to deal with.
Crypto casinos has a lot to offer than fiat casinos to be honest especially when it comes to bonuses and promotions. There are still other fiat-crypto gateways that we could use especially through big exchanges that we have right now especially the reputable ones. It's better if there would be local crypto wallets in your country where you could easily convert from fiat to crypto to transact easily.

When you deposit a crypto to a crypto casino, you will need to pay a transaction fee but on many online fiat casinos that I have tried and used, there are no such fees/thing as that. Many of them don't also have a withdrawal fee. So, I can say that they are cheaper and more convenient to use because transfers are also instant at most times.

I still do play crypto gambling if I have an extra crypto because there are some gambling games which are only found on a crypto casino and many crypto casino has a better bonus system than their fiat counterpart. Another advantage of playing in crypto casino would be is they can be decentralized or fully anonymous. 

Also, not all would really be that confident on using up their credit/debit cards no buying up crypto specially into those people who are really that mindful about their privacy on which if you are really that paranoid
when it comes to privacy or on your identity then crypto gambling would be your best bet and you wont really be needing to buy up crypto directly if ever there's a feature which would really be allowing you to
buy up directly on a platform if you could really be able to do on having at exchangers but its true that if you are a crypto enthusiast then most likely you would already have those funds prepared if ever you
decided to play gambling.

Crypto casino sites do really add up that kind of feature to make gambling experience more that comfortable in terms of payment options and possible ways or methods that they could really be able
to play on using up their fiat directly purchasing crypto which we cant deny that it is a sweet feature but of course it do totally oppose or contradict the overall concept or idea
on why crypto had been created in the first place which is really that totally opposing centralization.

Traditional casinos are "fucked" if Fiat payment gateways are put into severe terms or conditions, and if the situation is to disappear then crypto casinos are the option, there are so many ways to get to a casino with cryptocurrencies that the situation is not so serious if it presented any problems with the providers, I think in a way many big casinos already opt for crypto deposits if their licenses allow it and the legal jurisdictions allow it. That is one of the advantages of crypto casinos.

I think you didn't understand the topic and the discussion here. A fiat-crypto payment gateway doesn't make you gamble with fiat but it allows you to buy cryptocurrencies directly from the gambling platform by using fiat through your bank account with your debit or credit card so that you don't need to go to an exchange, buy cryptocurrency, and send it to the casino and then play. It is somehow an advantage for those who are not already into cryptocurrencies and don't know much about them but want to gamble on that particular platform.

However, I don't think that there are a lot of gamblers who utilize this feature because most gamblers who join a cryptocurrency gambling platform will basically already have cryptocurrencies and even if they don't, they understand the ways they can buy and transfer them to the platform.

I feel that kind of detachment too when I use fiat in my gambling activities. I've recently played on a physical casino at our local place and I'm shocked that I'm very careful in every of my bets knowing that our local fiat is equivalent into something when you use it to buy something. It seems that after a long time, it's the time that the money I gamble just straight up came from my pocket which makes it hard for me to spend or lose in a casino. Maybe I've been drowned with the volatility of cryptocurrency that I don't really care about the value since assets fluctuate in prices.

The detachment you feel when gambling with cryptocurrency? I get it. It is liberating to use digital assets as opposed to hard-earned currency. I've felt that raw adrenaline while trading and staking, then moving my winnings to the online tables.

Casinos, take note, It is time to progress. Crypto is not only the future, but the present as well. Abandon obsolete fiat-to-cryptocurrency gateways and board the direct deposit and withdrawal train. There is a market of cryptocurrency enthusiasts like us who are searching for reputable casinos to place bets in a responsible manner. Adapt or become obsolete. This is a sure wager, not a mere gamble. Let's effect change.

That is pretty much it. It's sad that new gambling sites won't have much flexibility with introducing fiat payments but it won't impact them much.
Since most gamblers prefer crypto deposits the gambling sites can continue without any fiat payments.
Besides that, gamblers who want to do fiat payments can deposit fiat on other platforms, exchange to crypto and then transfer it to the gambling site.

I don't think there is something wrong with staying with what you already know how they are or doing business with outlets that you have spent longtime business atmosphere with. Moreover, it is reasonable to say that these fiat payment gateways are only trying to be safe in the government where they are operating to avoid bringing in new casinos that have some illicit deals and money laundered through them. However, I don't think new casinos should bother their head on fiat payment because quite a hand full of gamblers prefer privacy and are transacting more of cryptocurrency. I can't imagine linking my fiat bank account to a casino when I could just transfer crypto, that is the point.

Of course, we will not know the real reason for the payment gateway to stop working with the casino. Maybe they really want to avoid complications or problems that might arise in the future. And if that payment gateway no longer works with the casino, crypto users can still use crypto for deposits and withdrawals. And so far, we have also done the same thing in many casinos where we use crypto to deposit funds, withdraw winnings, or gamble. So it's no problem for crypto users and I guess no problem for those payment gateway users too since they seem to know crypto pretty well too.

Well I don't see this as serious, in part sometimes it turns out to be even better, I know that many people trust a lot in the traditional money system, where for any movement they ask you for thousands and thousands of things so that money can move, what better here is one thing, it is clear, to pass everything to Bitcoin, and I know that it can sound very optimistic, but with that the weights are taken off, and if there is a lot of prbla there are many exchanges that are P2P and if you do not want To discover the identity, you can borrow an account from a person who does not give much importance to that and the exchange is made, and if it is for the tax, well, there is no way to pay the tax, I would do it that way, I would annoying to make transactions from crypto to fiat and that they have been deposited to banoc or something like that, they will always ask for the origin of the funds, and when they see that it is from a casino and that it is crypto they will turn on everyone's alarms and they will start to investigate much more, this is how everything works.

It is better a thousand times better to make transactions in cypto so that many problems are avoided, I know that many people are not used to making transactions with bitcoin for many reasons, but it is the best, then the system itself is saying it, it is as if it were speaking and If they said that it is not convenient to make mixed transactions directly from crypto to fiat to an account or to any bank, the best thing is to do things with the P2P market, in the case of whales, how do they do? snecillo with many wallets and they move them as they please, if they need to withdraw money, the amount they want they go to places where they know they buy crypto and there will be no problem, in all of them there is, because everything in each country There is the interest in crypto, in Binance itself if you want you can have an internal P2P trade, I think that's the best, so I don't see how something ur should not be alarmed and it is understood that the best thing for now is to have money in Bitcoin is the best and healthiest, well in my opinion, maybe I am very optimistic but I see it that way.

We know that money laundering is been a long time issue ever since and no matter what the payment processors or methods or companies that been involved would really be normally be getting in line

with government rules and regulations on which it would really be that a common approach which getting in line with those laws which its not something new or shocking anymore.Government wont really be that so dumb and blind about those possible loopholes on which tainted money or funds would really be able to pass through and this is why in most possible ways or holes that they could be able to get through then expect that they would really be always 1 step ahead with those people.

It is really just that sad that decentralized platforms or non-kyc turns out to be opposite on the time that this had been strictly implemented because of those probabilities or getting
in touch or integrate with those processors which are really that heavily compliant or regulated specially with fiat.

There are very many ways to make payments regarding this issue, without getting involved with Payment gateways...if other secure means are made to be able to fund et make payments,then that alone can possibly break the monopoly...
I understand why they've decided to set-up a standard of such magnitude... Nobody wants to tarnish a name that's been known over the years, with a well trusted reputation... Why? Alot of fast rising casinos are getting tagged of being scammy and it's becoming very rampant... One must be careful .

Sandra 🧑‍🦰

The reality is that any reputable financial company, including these payment gateways, that wants to transact in US dollars and other popular currencies like Sterling or Euros, will ultimately need to file certain regulatory documents. Casinos have been used for money laundering a lot in the past, so will always come under massive scrutiny all along the chain, which is why there is a big push for KYC at so many casinos and bookmakers lately. If there is even the slightest hint that the money might have any dodgy connections, they will get black marks and after a certain amount of those they become too much of a risk to continue serving. The payment networks are ultimately the culmination of all this money and take on a large part of the risk, which includes jail time if they break the law.

Slowly fiat to crypto payment gateway will no longer be needed. Gambling with cryptocurency is more entertaining to me than fiats as I get no attachment with gambling with cryptocurency like I do when I have to use my fiats in my bank account and others might feel the same.

It's easier to spend crypto as there isn't much we can use them for apart from trading, staking or holding. Gambling with them give us an activity we can always look forward to spending our profits made from holding, trading or staking cryptocurency and hope we make gains.

Casinos should encourage more cryptocurency payment and let go of fiat to crypto gateway. They should integrate crypto deposit and withdraw directly and watch how their casino will grow because more cryptocurency users are looking for reputation casino to gamble on.

More and more crypto gambling sites will definitely close their gates on FIAT payments and only focus on crypto payments with time thanks to government regulations and fees related issues.

However, they need to keep adding more and more crypto payment methods in order to cater to all kinds of investors.

This is not accurate conclusion but maybe payment gateways are just avoiding the consequences of illegalities since some of the casino are used for illegal activities such money laundering and other illegal actions that's why they ditch the gambling activities to avoid any hassle coming from users who might encounter a problem regarding with this matter. Maybe best to use another crypto payment gateway that allow any type of transactions since there are some exist that doesn't give us any issues.

Yes agree with you, after all it will not be useful for many users or gamblers in casinos because there is a way that I think is safer than using other fiat payments, buying on an exchange or p2p then sending it to the casino, it is much easier and safer in my opinion even It doesn't require large transaction fees and the minimum withdrawal isn't too big either.

Moreover, fiat payments like that are rarely found in other crypto casinos, mostly almost all only accept crypto payments to make it easier and their focus is on crypto alone there is no other payment process, maybe it will be followed by other crypto casinos by closing the gates for other payments on their site in addition to crypto.

That is probably right, only new users that don't already have cryptocurrencies and have stumbled upon a cryptocurrency casino for the first time might use that option because they might not have enough experience about cryptocurrencies and how they can buy, store, and send them from a wallet to the casino platform, for such people, that option is probably the easiest way to go about buying cryptocurrencies and then gambling with what they've bought.

However, those who already use cryptocurrencies and have wallets and accounts on centralized or decentralized exchanges, they can easily just buy from there and send it to their gambling account and start gambling instead of using a bank account or a credit card to buy cryptocurrencies directly within the platform.

They are all useless anyway if you ask me since their fees totally suck. You can purchase crypto from your local exchanges via bank transfer, p2p etc for better prices and lower fees in comparison.

Just purchase the crypto that you want and send it to the casino properly whose deposit fees are usually free while their withdrawal fees are minimal.

Those who already use crypto will recommend using crypto for gambling because we already feel the benefits. Payment using fiat may seem worrying because the bank may track the use of the money in the bank, so the bank will ask us about it.

And yes, just having crypto payment options is more than enough because nowadays, people are getting to know crypto better. But if a casino wants to add another payment gateway, that would be better because they can give their users a choice. After all, their users are not just crypto gamblers, as there are fiat gamblers turning to crypto casinos.

In my opinion, the transaction mechanism or process used by most crypto casinos has improved, even though there is no need for a Crypto on-ramp mechanism, for me it's enough for an exchange to make crypto to fiat and fiat to crypto that users can make transactions with banks and other features supported by the exchange.

I'm sure every casino finds it difficult to maintain Crypto on-ramp or Fiat On-Ramp, there are a lot of concerns in my opinion about the Crypto on-ramp method, for online casinos, except: they have to be Bank partners. For me the current online casino provider is better.

Well, first off , things are changing very fast, gamblers should understand this and try to get themselves acquainted with new technologies, it takes nothing from them, anyone who knows how to filled out their information on a gambling casino, locate the sign up button easily, enter the casino and even know how to deposit fiat currencies through the fiat payment gateways, this person will also find doing the same with crypto very easy, adapting and getting oneself acquainted to new technologies is not a matter of personal choice, for most of the time, it's a must, and failure to do so means you might just have to lose out on some important opportunities .

Fiat payment on line casino is not necessary,  because most people don't use them for gambling, people prefer gambling off Fiat, they use other payment options via Crypto, haven't you heard that since crypto become a thing many numbers of new gamblers are now using crypto to gamble online, this has been ongoing since the last virus outbreak (covid19).

I have used some online casinos and the only payment options I choose are all crypto, Bitcoin, Litecoin, and Dogecoin, few don't even have any other payment options than crypto, so to me it doesn't matter, if you are planning to run an online casino, crypto payment is more than OK.

You nailed it Hispo. We are talking from the perspective of crypto "natives" who first addopted Bitcoin (and other cryptos) and then knew about crypto casinos, which we are already used to. But, from the perspective of a newbie, finding it hard to deposit or exchange fiat for crypto is a clear barrier to entry, even if we might think that it is not that bad.

It is attractive to you because you are already accustomed to using crypto wallets and exchanges to move your money in and out a casino or other custodial services. Now try to imagine what a pure FIAT gambler would feel if they wanted to try a crypto casino and after signing up they realize they cannot gambler immediately, but need to also sign up in an exchange, go through KYC verification again, wait for it to be approved,  then buy crypto there and learn how to withdraw from there to the casino.

To you, it sounds obvious and it would be something you could do within seconds, but in the eyes of the average non-crypto user/ gambler, it may be a hassle they are not willing to go through to try a new casino. Hence the importance of payment gateways.

That is clear because the old players already understand the rules in advance and can adjust their business to the rules if the rules change. Old players can find the right people or companies to support their businesses to grow bigger. That may be why payment gateways are no longer accepting new casinos to their list due to regulation changes as regulators are always monitoring each casino and providing further instructions to payment gateways.

However, new casinos may not use payment gateways if the regulations do not allow adding new casinos. New casinos can immediately use crypto as payment at their casino regardless of whether there are later adjustments to new regulations from the regulator.

Ever since I got here in crypto business, and when I do gamble I only use crypto not any fiat in any of the casino in this field of business.
And just like that others using cryptocurrency is more cheaper than a fiat currency. That's what I had observed through my experienced in playing gambling here in the crypto space.

And this is more attractive rather fiat actually in my own opinion only.

Exactly, many popular cryptocurrency casinos are advertising excessively to reach as many audiences as possible, and most of them are not specifically targeted at cryptocurrency users. So it is expected that they offer this feature to make the convenient for non-crypto users to be able to play easily within the site. Indirectly it interest other to build their own crypto casino business. This leads to my assumption as follows.

My view regarding strict acceptance of fiat-crypto payment gateway is that since it is easy to make a new casino, it is necessary from their side to rely on a legally sound license as what MoonPay asks for any new casino requests to use their service.

I think the US and United kingdom have more strict rules to be obeged compare to other regions where there are lesser strict rules. Everyone want to keep there businesses to prevent sanctions which can attract a bigger fine. This is why some of the reliable international monetary companies are very careful on who they add to there lists and the cooperation they make will new businesses if they are not regulated to prevent a scene that can atract sanction on them. Since the old players had been in the game for long, they are bound to enjoy more of the services.

Yup, they're running a business and that's why they need to take care of it and whichever policy is being imposed they have no option but to follow it. And if that takes to stop making business with the casinos then they have to obliged with that. But I am thinking of a solution like them making a company B and that's solely going to offer the same service exclusively for the casinos. That's happening and they're just going to rename it and still follow some protocols and rules whatever is made for them to protect their business so, they can't also lose clients and revenue.

I have always got the impression those options are set for people who are really new into the world of cryptocurrency but have gambled before, so they ended up on Stake (or any other major Crypto gambling site) because someone recommendation or because some advertisement campaign.

They enter and realize they have never used Bitcoin or altcoins, since casinos would not like those new users to go without trying that the website has to offer, it is a question of common sense for them to have something set up so newbies into crypto can buy and gamble right away, since most FIAT gamblers are likely to have a credit card, I would argue those payment processors indeed accomplish a purpose in crypto casinos that can afford to have them.

Who uses the "buy crypto" feature on the casinos anyway? Isn't it easier to just buy from an exchange and send it either straight to your gambling account or send it through your wallet which would probably cost you less than paying the fees when you make a purchase using your credit or debit card? I don't remember if I have ever used such a feature where I bought cryptocurrencies straight at a platform because I wanted to use it there, doesn't sound fun.

So, I believe these things won't really make much of a difference because most people probably just deposit and withdraw cryptocurrencies on casinos that are mainly cryptocurrency-based and might accept fiat deposits optionally. The percentage of people using fiat-crypto on-ramps would be really low in my opinion.

1.You should move this topic to the Gambling Discussion forum.
2.I can assume that all fiat-crypto payment gateways are using fiat banks to handle their incoming fiat transactions and most of the banks want to stay away from the gambling industry.
I haven't done any research about this topic and I don't understand why would a crypto casino want to accept fiat deposits. Accepting fiat deposits means that the crypto casinos will have to compete with the big fiat casinos. Staying in the crypto niche means less competition and less expenses for implementing and maintaining such fiat-to-crypto payments(by paying the payment gateway companies, that are providing such payment gateways).

I think people who play at crypto casinos use more crypto by buying crypto first on exchange sites then sending it to the casino, it seems a bit complicated but I'm sure it's been a long time and is often done so people think it's normal and not there are things that are troublesome, even so something that is actually easy don't make it difficult.

After all, not many people want to make deposits with fiat money let alone exchange fiat to crypto directly at the casino, on average most of them buy crypto on exchange sites then deposit it at the casino. most gamblers in crypto casinos use their crypto money more than fiat. but that's what I caught from some gamblers that I often see on streamers and influencers also doing the same thing maybe. 

After getting to know crypto casinos, I feel like this is what I hoped for because by gambling using crypto, I don't have to go to a physical casino like other people. I could gamble at home and no one would know what I was doing. Besides that, I can also choose whichever coin I want to gamble with.

The presence of this crypto casino helps me to get convenience in gambling so that I can get entertainment and pleasure in gambling. It's normal that crypto casinos also cooperate with payment gateways like Moonpay or others because crypto casinos also know that some people prefer fiat as their deposit rather than using crypto for their deposit.

But sadly, for the KYC issue, crypto casinos nowadays have started implementing KYC for their users. And those of us already using crypto casinos should also consider choosing casinos that have not fully implemented KYC for all their members.

With these crypto casinos I also prefer them instead of depositing money from the accounts and leaking all the information although KYC is there but still prefer crypto deposits only.But the fun with fiat one's is in physical presence where you have that kind of feel so for online deposits crypto suits me well.

Gambler are not only limited to funding there account through any of those payment gateway providers, they have other means of acquiring crypto which they want to use for there gambling activities. All they just need do is either buy from any merchant either through DEX P2P or use centralized exchange which have P2P option or which ever platform that permits direct deposit, those purchased coins can then be transferred to the betting account.

There is nothing too big about the monopay payment gateway rather than the gambling sites trying to make things easier for there customers so anything making those payment gateway to stop offering there service to casinos will definitely have something to do with regulation as both parties are gaining from the service they provide to each other.

They just don't want to ruin their business by complying with what they are told to do.
Maybe, they have directive from their management not to accept any casino business anymore for the time being.
But once the regulators are fine with it, they will surely accept more of this in the future, because it is business.
We can't tell what's their reasoning but for sure they have valid one, because there are so many online casinos now that they do need such kind of payment gateway.

I don't see any problem here because I believe new providers will be created and they'll offer their services to the other casino not having a crypto to fiat payment gateway yet and that's if they'll need one. I believe they'll do this because they'll want to establish their brand.

And the best way to establish your brand in an industry that's already dominated by similar projects is to collaborate with casinos that are already popular but don't have a fiat to crypto payment getaway yet. That's just the way things always work out through collaboration.

But this gateways are becoming less popular as gamblers are preferring to withdraw their profits or make deposit through cryptocurency because they're fast and very reliable unlike the payment gateway that can be slow at times and unreliable due to failed or poor network.

If those payment processors are being monitored by their local regulators and there's a rule that they need to follow to cease accepting new casinos into their platform that shall use their services then they have to follow and obliged to obey. As much as for the sake of business, they'll surely love to follow and allow everyone to use them. But I guess there has to be a reason like the regulators that are closely monitoring and have became strict on their protocols so, they have no choice but to stop their partnership on them.

It's all about money. If they aren't giving access to new casinos it means it's highly profitable to stick exclusively with the consolidated ones. More profitable than it could ever be if they accepted new casinos onboard. I think it's a pitty it happens this way, because crypto is totally about decentralization and decentralization was supposed to solve the issue with treating businesses and people differently depending their financial status and contacts network. Unfortunatelly the big guys will always be treated with exclusivity in this world. That is the reality, and if you want to be treated like that, you have to fight to be one of the big guys.

They are limiting themselves on a huge market that is booming. Perhaps, they don't want to be associated with other casinos that are simply just not up to their 'standards.' Or maybe they also want to transition into a different space but keep their big clientele for a steady cash flow as the transition happens. Plus, the condition that they will only warm up to US and UK clients only means that they are looking to serve only these people in these countries first. It's really a bad image to portray, but someone will surely step up and fill the gap these payment gateways will leave.

^ This was what I thought too, in addition, this situation could also lead to opportunities for the development of specialized payment solutions catering specifically to emerging casino businesses. We know there will always be innovation in this there is potential for new gateways to emerge and provide the much-needed infrastructure for fiat-crypto transactions within the casino sector. The decision by fiat-crypto payment gateways to distance themselves from casino businesses probably indeed be influenced by the unique challenges and regulatory scrutiny that the casino industry often faces. These gateways could be prioritizing stability and compliance to ensure their long-term viability, that is my personal opinion only.

What I was trying to say there, we have much more fiat casinos than the ones that focus on cryptocurrencies. People who are interested in fiat gambling already have their favourites and using fiat at a casino exposes you to the bank, that monitors your inflows and outflows. For many people the way crypto casinos are disconnected from the fiat system (even the ones that do KYC) is important.
IMO crypto casinos that used to be full crypto and then started to accept fiat, get very small income from that source. People who were gambling with them were there for crypto and people who were looking for fiat gambling have already a lot of registered and licensed sites with better reputation than crypto casinos.

The struggle they must be having with regulators must be very harsh if they have preferred not longer to offer liquidity to gamblers, specially if we keep in mind that gambling is specially relevant in this ecosystem, in both a historical and economical context.

Makes me wonder what kind of market these payment processors could aim at, in order to cover all the volume they are missing out by not engaging with casinos. Big players of other internet industries do not seem to be eager to adopt cryptocurrency, for example, Amazon doing some partnership with them would be a huge deal, but unfortunately that is unlikely to happen.  

This also reminds me the occasion traditional payment processors cut ties with adult content webs, and the latter ones has to move onto crypto to continue to carry on.

I agree into this point because if there would really be no such restriction and those kind of limitations or prohibitions then laundering money would really be that so simple and could really be easily done. So it

would really be just that a normal approach that these things would really be adjusting out basing on what are the things that might supposed to happen. This is why they do set out those kind of requirements or guidelines on what must follow and on whats not. If ever there would be some changes or acceptance or applying out something on the system, if its needed up for some verification or compliance then it
should be done and thats become the standard. We do really have that fiat-crypto or crypto-fiat payment processors or gateways which it isnt already shocking if ever they would really be
getting inline with those laws which they should need to abide. So dont expect about having that full anonymity and decentralized ways on this kind of transactions.You should expect the other way around.

The financial domain is not as easy as it seems from the user's perspective. If you pick up any authority guideline when a wallet is being set up both the parties that is issuer and installer would need a prepared payment instrument license. Now, things are even more sophisticated when it comes down to crypto-to-fiat or fiat to the crypto type of payments. Since both parties need to declare the users accounting records various clients started asking for the KYC and there is just a broken war when the user needs to submit the KYC, as a result, they leave the casino or choose to not swipe their cards for crypto.

Everything hen leads to casinos that always search for less restrictive issuers and thus there are only strong players whose connections are good will survive in the business of making transactions like this. 

For UK and USA, casinos are always strict when it comes to adding money. No casino will ever let you put a single dime in their account as long as you have not done KYC verification.

They have an amazing system of verifying your SSN status on the spot, so that's why only players like MoonPay might be having some holds for now. New players wont last due to restrictive behaviour of the business.

I believe the most likely reason is because of regulatory pressure. It does not necessarily mean an unfriendly regulatory outlook but rather a more enforcement of strict policy for the cryptocurrency gambling business.

In regard to fraud taking place, certainly the services already consider such thing as possibility within the day-to-day business activity, hence, they already have an AML policy set in place for their own platforms and services. So this one can be ruled out from possibilities. You can take a look at the related policy on their site:
https://www.moonpay.com/legal/aml_kyc_policy
https://transak.com/terms-of-service


With the rising crypto gambling interest both from the players and the casino, I doubt those payment gateway services did not find it lucrative.

Perhaps these fiat- crypto payment gateways are ditching casino businesses because it might seem that they have less profit and more regulators bearing down as compared to others who don't focus on casino businesses at all.
One shouldn't blame them for the decision to ditch casinos but be hopeful instead that other crypto- payment gateways would be developed to facilitate fiat- crypto payments for emerging casino businesses who are yet to discover this looming issue.

Times are changing in the past fiat based gateways were the most popular, but now casinos are prioritizing Cryptocurrency over fiat if they want to ditch casino businesses the casino industry is still ok and going to be ok, in fact, the casinos are better off without these fiat based gateways.

There are many advantages to using Cryptocurrency compared to fiat-based gateways, and gamblers should pick Cryptocurrency because it protects you more than fiat-based gateways, I'm sure many players here will agree on the benefits and they will shift to using Cryptocurrency.

Do you know the reason why this is happening ?
I think it's because of the frauds that are taking place. Some people launder money, some people deposit illegal money etc...
May be it was becoming difficult for those payment gateways to distinguish between such activities and so they are considering to restrict it.

I don't have a lot to say than I have never use fiat for deposit or withdrawal from any online casinos before, I want to keep my bank account away from my crypto involvement, there is a bigger reason behind this because I believe that every transaction you made using your bank account are visible to the world, I don't want people to know that I am into gambling and using crypto as means of payment is more privacy for me, I always try as much to separate my bank from my crypto activities, and OP, I think you should do the same.

You will have a problem if you one day win a very high amount of money, when the gambling platform releases the fund straight into your bank account your attention will be needed by the bank, questions will be asked, and that's not even the worst part, now everyone knows that you made a fortune from gambling since people are the ones working in the bank, you aren't safe either.

Especially for someone like me who comes from a little hometown with one local bank, I've seen a lot to think this way.  

For this reason, traditional players must learn what crypto is to choose which gateway/alternative to deposit their money for gambling. And I think that many of them have finally switched to using crypto casinos to gamble because it seems they find the convenience provided by crypto casinos in playing gambling. They can buy crypto first in many places that provide it, including using P2P, and then deposit it into their gambling account at the casino. So maybe not many people use payment gateways/alternatives but we don't know because the data is with the casino and the casino won't open it unless for some special reason.

I wonder if they are just skeptical but stablecoins are a way to introduce them since it's like the traditional fiat and most major crypto casinos these days accepts it. As far as I know, these fiat payment gateways/alternatives do charge huge fees and wonder if these traditional players aren't discouraged by it.

I'm fairly confident that this could happen if they truly intend not to accept new casinos. It's a natural market behavior – once one seller is gone, another will likely emerge to seize the opportunity. I can think of a comparable scenario, like what happened with Chipmixer: a bunch of mixers emerged and raced against each other. The ditching will only be successful for a short period of time.

I don't think the current state will go ever-lasting, where the platforms still support the big guys. I mean surely the reason why the payment gateway platform enforces that is because of regulation pressure. As long as the casino complies with the required licenses to perform its sites, they should have not a problem dealing with the FIAT payment gateway. The provider also just tries to run a business, they seek profit while maintaining the regulatory landscapes.

So, they did not voluntarily create uneven competition but rather just adapted and adjusted to gambling-related policy progress.

There's a thin line between payments from fiat and crypto, crypto on one hand offers privacy and the casinos that don't ask you for KYC will either just keep crypto as an option for deposits or if they allow fiat deposits, they will still not have any data coming to them because the data goes to the third party only. Fiat on the other hand, charges too much and is flat valued as the value can't move so you will not get more (or less) of what you have put into gambling. So crypto's weight over fiat is slightly more and that's why most of us would like to deposit with it. If we don't get any options from the casino to buy from places like moonpay, transak or something else, why can't we buy crypto from exchangers that are recommended by Bestchange? Or some P2P purchase?

What does this whole mess interest you, you know? That is the stark duplicity! Now that the power dynamics are shifting due to cryptocurrency, we find ourselves in a situation where the titans are trampled underfoot. The way Moonpay only accepts new customers with licenses specific to a given region? By any other name, that is merely gatekeeping.

Transak has demonstrated wholly inadequate forethought by withdrawing completely. Sure, leave the kitchen if you think you cant handle the heat. But never forget that revolutions are simmering away in kitchens.

This whole area is rapidly reverting to the same old corporate playground where the little fish are swallowed up, which is frustrating because it was supposed to be a place of great innovation and fair competition. Because of the proven fact that when you corner the underdog, they will fight back, beware, world

I think it's a huge regulatory (and therefore very expensive) issue, therefore it's easier for them to stop offering crypto-purchasing services. Most people know how to buy cryptocurrency on a crypto exchange, such as Binance,  and then send the coins to their casino wallet. So it's a matter of casinos offering a small convenience for customers. Maybe they can no longer outsource the responsibilities which come along with offering such a "customer service"?

If that's the case, they can figure out how to use crypto or buy crypto so they can find other alternatives to the payment alternatives on the site. But they can also directly use the payment alternatives available on the site if they want to avoid looking for other places, such as exchanges. Users can choose the means of payment they like and don't need to use what other people use crypto. They need to find out before using something so they will go right after deciding.

People prefer crypto payments over the fiat payments when they want to deposit and play at the casino. This does mean that if a casino is offering both fiat payment and crypto payment, the gamblers will usually prefer the crypto payments. It is because the crypto payment processing is hassle free, fast and cheaper as compare to the payment by fiat.

Also, when you use credit cards for payment, we have to give our credit card data to the casino site and i am not really feel comfortable to store this data on the casino site. This is another reason why crypto payments have become popular over the time.

Very few players are still using fiat deposits now, is OP one of the few that still using it, all the advantages for players are on using Cryptocurrency, you are safe using Cryptocurrency and things are fast and easy, casinos will one day shut out these third party fiat deposit providers for lacks of users.
Players are now realizing the many benefits of using Cryptocurrency over fiat, Cryptocurrency is the game changer in the casino industry, more than ever online casino popularity has skyrocketed because it takes away the restriction of using fiat only for deposits.

Maybe they don't have any crypto to start with and they just want to try crypto gambling for the first time. Online gambling is huge and it doesn't just revolve around crypto tbh, I think there's still a lot of online casino players that uses the traditional method of using fiat. Maybe you need to read the thread content first again, the topic was about "crypto casinos that offers fiat payment gateways but these gateways said they aren't accept casino business", though not yet clear if OP saif was true.

This is correct, most of the payment gateway already partnered to centralized exchange that makes other services that accepts fiat consider it not top priority because people already preferred exchange to deposit their fiat then withdraw to the service that they want to spend crypto such as casino.

Only few crypto casino accepts fiat and most of them only use the giant payment processor such as visa and mastercard to deposit fiat in the casino. In my opinion, Using fiat on crypto casino will remove your advantage of being anonymous when playing with crypto if you will deposit Fiat directly to your casino account.

Gateway companies will never share the main reasons for doing this and of course they have their own reasons which are the privacy of the company so that bad or negative responses arise against them.
Just like Coinbase, which is one of the top rated, it also has to comply with the rules set by the US regarding currency exchange because Coinbase itself is a US-based gateway company.
But as time goes by I think most people are no longer using gateways and are choosing other, faster options using crypto exchanges like Binance and so on.

Regulations is not up to moonpay, they must be following what is mandated to them also. There are other ways to make people buy crypto inorder for them to play in a casino, though its not very convenient I think will work for the new casinos coming to the competition.

If the new casino partners with exchanges or simply just use their affiliate link to sell crypto to gamblers, it will make the users smarter. Probably even avoid moonpay.

I mean technically speaking, if they were playing on crypto casinos then they're bound to know about how crypto works, so they should be able to buy their own via exchanges if need be, and not directly with casinos themselves. I don't think it's going to be "that" much of a big thing, for all we know they may have stopped said services exactly because of that, that their customers don't really use the service and they're basically losing money implementing said services.

As I said, I don't think it matters much, it's not like buying in exchanges is that much of a pain in the ass, except for KYC for the most part I guess.

Don't forget that not everybody has your knowledge/background on cryptocurrencies and that most people don't know many of the tools we take for granted. Bitcoin, although more and more people has ever heard about it, still poses many questions for most of them, and an integrated gateway can make the difference between using their services or not, even if veterans like us wouldn't care about it or even refuse to use it because we prefer better channels to do so.

Many gamblers are still looking for a better way to cash in, maybe this is why many still prefer a fiat currency.
I'm wondering though why they choose crypto casino if they will not use any crypto at all. What's specific site we are talking here?
I'm interested to know about theses crypto casinos who are working towards fiat adoption, this could be the trend.

It is an agreement between service providers while the user will not know the truth. Users are only directed to use fiat-crypto casino payment service providers. And if users feel that using a casino's service provider is not profitable, they will use other methods.

After all, crypto casino users already understand what they have to choose because many crypto users already use crypto because of its convenience. They can buy their crypto wherever they like. They do not need to use payment service providers provided by casinos if they are not comfortable using them.

And I still prefer buying crypto from exchanges than using Moonpay or any other service provider. And I also use crypto for deposits to casinos.

Well, I think there are still individuals that may prefer that especially if they're just starting in crypto or some individuals want it as an alternative for a crypto casino so these casinos still put it an option to some.

Don't know the deal with Stake and BC.Game adding it as an option but I don't think they'll put it there to just ruin their reputation. Either the OP is just making some story or there are miscommunication between these payment gateways and the casino. The OP didn't even make an update or provide more information about this.

I have no idea about the truth behind this matter since it was the payment gateway companies policy though I kind of think that this has something to do with competition and monopoly.  Thinking that one payment gateway still continues to serve huge casinos while rejecting new casinos to use their service.

These crypto casinos are missing out in rejecting their new clients since the new founded casino can possibly be the next big thing and rejecting them will simply cut off some of the source of income of the payment gateway company.


I also searched the net for the reason why these payment gateway companies stop accepting or selectively accepting casinos to service with but I do not find anything.

Well any service that could potentially make more revenue and is making depositing money easier for some people is worth using.

However this is the only post i found about this subject and i guess i would have just to blindly trust OP on this issue, as only source for this is OP saying he/she contacted those services. He didn't include any screenshots about these conversations so i would need to confirm this myself. I see no reason for OP lying about this but it seems really unbeliveable that this would be only post about this subject. Maybe someone else has more info, or OP would like to elaborate on this.

A crypto casino wouldn't have a gateway for fiat payment because that isn't the payment method that the casino has chosen. They don't give a fuck about fiat payment that is why they decided to go with crypto and only accepts crypto. Crypto is the world new digital currency and everyone is going after it to abandon the old fiat life style. If you are looking for a crypto casino that has a gateway to fiat,it is better that you first exchange your fiat to crypto in a exchange before funding your gambling wallet. Or go gamble in a fiat casino. Maybe there is a reason why they only accept to deal with only new casinos from the UK and USA.

Why would a crypto casino care whether it can or cannot strike a deal with a fiat payment gateway?
As for he ditching, it was like that from the beginning. Fiat companies would try to make deals with crypto companies and either found the amount of people willing to use them too small, or were given a warning from some government agency that helping a crypto business may lead to some more frequent checkups by tax authorities. At least that was the case in my area. It's obvious governments (in general) don't want banks and payment companies to work with crypto firms. A crypto casino is even a bigger issue to them.

Whether these payment providers had been mandate out on not to accept newly built up or launched casinos or really that strict on following their criteria on accepting one. Therefore, if you are that a gambling site
whose really that having no license then dont expect that you would really be able to get this kind of feature on which gamblers could really be able to directly purchase crypto with these providers but come to think
that it was never been available before which means that if gamblers are really that interested on playing on a certain site but lacking up with this kind of feature, then they would really be just simply be buying crypto on exchangers and would really be transferring into their gambling account as simple as that. Its not always that a big hindrance for them to stop on playing on a site just because they havent seen that option. Somewhat having these kind of options does really make things comfortable and easy access but exposing yourself towards using up your card or any other correlated things will really just totally opposing the real deal with crypto
gambling. This is why these kind of things arent really that something a big issue for most crypto gamblers because anonymity will always be that preferred but cant really deny about on the convenience that it do brings.

This area of finance is often considered "grey" because there are much larger amounts of fraud taking place, sometimes with dishonest people placing bets and then later claiming that it was not them to get their money back. Which requires careful nurturing and intensive investigation, resulting in more expensive fees going to these businesses. A random person that is emailing these finance companies is going to get stonewalled and receive negative answers, because they don't want any potential bad publicity in the current world which is hyper sensitive. These companies negotiate deals with casinos behind closed doors and try to stay as hidden in the background as possible, they're not interested in announcing how they gather new business so gave you these answers but it doesn't make it true.

I can't agree more with you. Crypto gambling makes everything more simple and easier.

In the last 10 years, I have only one fiat deposit... I wanted to try 888 and their poker. So I have the same feeling that researching about this would be a waste of time because I don't use fiat for gambling. And I don't have any plans to go back to fiat gambling casinos, or to fiat deposits in crypto casinos.

Because there’s crypto exchange which users can use to deposit fiat and convert to crypto for crypto casino deposits. We are talking about crypto casino here which means fiat deposit is not the top priority. There’s also some legality issue on onboarding fiat payment option.

It’s not a big deal since most of the players on crypto casino use cryptocurrency to play for privacy or else they just use the regular online fiat casino to play if they want fiat. Crypto casino is expanding their coverage in terms of cryptocurrency payment while fiat payment system is least of their priority due to the law requirements compared to crypto which is not regulated.

Moonpay's entire premise is so hypocritical. "Oh, we'll honor our existing contracts but pull up the ladder for others"? Please. Every casino should have equal access, not just the ones cozying up in the UK and USA. And don't even get me started on Transak. Exiting the gambling industry? Talk about missing out on the future of entertainment.

This is an outright power play. The big fish are trying to keep the pond to themselves. But remember, every Goliath has its David. New providers will find a way, and they'll rise to the challenge. This uneven playground won't last for long.

I moderated on some projects.

We have marketplace (NFTs) and provided (Fiat-Gateway) from Binance, why not just listened to the gateway but the transaction requires you to buy crypto by forwarding them into Binance and buying from them?

Yes, they still required to send the crypto manually but is just give a good gesture in-case you want to provided fiat-gateway through casino due most of the service trying to avoiding some problem/regulation about gambling.

I would have make some researches about what you posted, but my findings would be of waste because I can not remember the last time I used fiat to deposit or withdraw on a gambling site. I used crypto for deposit. Bitcoin and other cryptocurrencies makes this easy, all the gambling sites that have announcement thread on this forum are all accepting cryptocurrencies.

Hey guys, so I've been doing some digging into fiat-crypto casino payment gateways specifically. Right now Stake.com and Bc.game use Moonpay for their "buy crypto" function, however after contacting Moonpay, Transak and a few other major fiat-crypto payment gateways I've learned that these providers no longer accept new casino business.

In the case of Moonpay they are upholding their existing agreements with casino providers (for now I guess) but new operators are only being accepted with casino licenses in the UK and USA (both of which require their own unique gaming licenses) as well as a reputable international license (e.g. curacao, malta, antigua etc.).

Transak on the other hand are just straight up removing themselves from the gambling industry altogether.

I think it's a real shame that new providers won't have access to reputable fiat to crypto on-ramps, it creates an uneven playing field as the big guys get treated differently.