The global casino market is huge. Casinos are a significant revenue contributor in the global gambling market. The global casino industry is far more competitive and diverse.
Unfortunately, online gaming is not legal in some countries at the moment. Until the activity is legalized, the best places to play are land-based casinos, which are scattered throughout Singapore. This is due to the fact that each country has its own set of laws that govern the characteristics of casino sites. Each operator will be unique to each country.
While online casino gaming is currently illegal, this may not always be the case. If the country decides to allow online casinos, you'll be glad to know where to look for a reputable online casino. The following is a simple guide to locating a reliable and trustworthy operator.
It's critical to take the following elements into account when choosing the best online casino payment gateway option for your company:
Compliance with regulations should be taken into account before everything else when selecting a payment gateway for an online casino. Make sure your company has the required license to process payments before requesting a merchant account. It's also critical to confirm that the processor is compatible with all of the countries where your users are based.
Transfer speed and prices: Players don't want to wait days for the processing of their deposits and withdrawals or pay exorbitant fees. Because of this, think about selecting a service provider that offers quick transactions at fair prices.
Payment options: While consumers in some countries choose to pay with credit cards, others may want to fund their casino accounts using different methods (such as bank transfers, e-wallets, and cryptocurrencies). It's crucial to provide a variety of payment options so that players can select the one they like in order to meet the needs of a global user base.
Finding a payment gateway solution that protects consumer funds is crucial for online casinos. Selecting a service that offers safeguards against friendly fraud is crucial since chargeback’s constitute a serious problem for market participants.
Service providers struggle to pick a payment processor in markets like the one for online casinos. High-risk payment gateways have exorbitant charges and sluggish transfers, while conventional solutions reject their applications. They are therefore not particularly excellent options for gambling operations.
Thankfully, there is a fix. PayCly, an award-winning service, mostly works with low-risk companies, but it also offers merchant accounts to authorized and regulated online casinos.
Advanced fraud prevention and security measures, such as the keeping of funds in separate accounts with continuous user access
To combat fraud and safeguard client cash, businesses must conduct rigorous know your customer (KYC) and Anti-Money Laundering (AML) checks on both customers and merchants.
PayCly accepts applications for merchant accounts from authorized companies that abide by the relevant rules.
A number of payment options, including cryptocurrency, local and international bank transfers, UnionPay China, Visa, and MasterCard (Bitcoin, Ethereum, Litecoin)
Customers from a variety of Asian nations, such as the Philippines, Japan, Indonesia, Malaysia, Singapore, China, and South Korea, can transfer money quickly and affordably (with support for more nations coming soon)
Easy access through a web platform and updated Smartphone apps (iOS and Android)
Internal client-to-client transfers are quick and affordable for a 1 percent price
For processing Cryptocurrencies, businesses only pay 1.8 percent, whereas receiving fiat payments costs 2.5 percent plus $0.3.
Support for 19 languages and 29 national currencies
Comparatively little chargeback risk
Using an open API and the associated documentation, integrating an online casino payment gateway is simple and straightforward.
Customer support is available around-the-clock to address both business owners' and consumers' inquiries.
Making a merchant account on the website is the first step in integrating PayCly as a payment gateway for online casino operations.
The customer success team of the business will then validate the KYC and AML documentation that merchants must submit to PayCly.
Using their merchant IDs and an open API connection for integrating the e-wallet service, online casino firms can set up PayCly as a payment gateway on their platforms following successful verification.
Are you prepared to set up a PayCly payment gateway for an online casino?
Request a merchant account right away!
Due to the high-risk nature of the sector, opening merchant accounts at conventional payment gateway solutions is frequently more challenging for online gambling solutions like casinos.
Instead, online gaming platforms can register for merchant accounts at specific casino payment gateway services that welcome companies in hazardous sectors. However, these service providers frequently abuse the high-risk characteristics of the sector by levying additional fees and keeping consumer funds (for anywhere between a few days and several weeks) before transferring them to the merchants.
Fortunately, there is a third choice that benefits both casino businesses and payment services.
PayCly services can be helpful may allow you to accept those casino and online gaming solutions as merchants because they have cutting-edge security features, anti-fraud safeguards, and stringent KYC/AML checks, and they also adhere to the laws of the countries in which they conduct business.