30+ types of payment systems in a casino. Our solutions help working across the Europe, CIS and Australia
The key element of the success of any gaming establishment is payment systems. Today, their spectrum is represented quite widely, and transfer money through them is a safe and secure process. This is an important fact for players who are used to withdraw their funds in comfortable and efficient way.
It is very important that the casino provides players with a choice of a big range of payment systems, which are reliable and safe. We know about it like no other therefore. Our company BoomAff offers its customers gaming software, top quality HTML5 slots from reputed and trusted brands.
When choosing payment systems, the attention should be paid to such criteria as:
convenience in work, prompt withdrawal of funds. It goes without saying that if you offer the player a limited choice in two or three ways to output the earned funds or topping up an account, he will not be “tormented” and with ease will find another playground, even despite your high-quality and diverse game content.
Each reputable casino has in its arsenal more than a dozen of different systems and selects only those that correspond to the following key parameters:
- ease and simplicity of withdrawing earned funds, since many players visiting casinos and set a goal – not only to have a good time, but also to get real winnings;
- speed of processing payments in real time;
- favorable terms of cooperation for both the casino and the player, since the common goal for both is a maximum profit;
- credibility and degree of trust in the payment system may be increased if up to of how to gamble, the player has already encountered it before in real life (paid utility bills or made purchases on the Internet
- localization of the payment system and its popularity implies the prevalence of a particular payment system among a certain target audience.
Payment systems in online casinos mean not only banking systems, but also various aggregators and gateways which are used to implement payments:
- Visa card – allows to make payments using almost all existing currencies of the world, is widely popular in any casino and has established itself as a high secure among players due to instant speed crediting (withdrawal) of funds.
The system may introduce a number of significant restrictions on the withdrawal of funds from online casino and charges a large fee, which is its main cons;
- Master Card: is a more popular with players due to the lack of withdrawal problems (input) cash, and also because of its reliability and efficiency in transaction processing. The main disadvantage of the system is its rather a high size of commission deductions;
- WebMoney wallet – is the most popular payment system in the CIS. The system is attractive to users not only with its high-speed payment processing, but also with the presence of bonus programs. The only minus can be considered is a fee deductions upon withdrawal (input) of funds;
- Yandex.Money wallet is the most common system among casinos with Russian-speaking players due to its interface and high high-speed payment processing. The advantages of the system include: fast and easy registration, user-friendly interface and security. The fattest minus of such a system – work with only a ruble currency;
- QIWI wallet – widely distributed in the former CIS countries due to its simple registration for users and making payments without commission within the system. The advantages of the system also include: a high security level. As a minus – the system may delay the processing of payments;
- Payeer wallet – is a kind of intermediary between the player’s card and the Internet resources. The system is not so widespread in casinos with Russian-speaking players, which allows them to focus more on Western users. The advantages include: simplicity and convenience in use; operational processing of payments, crediting funds. Such the system is widely distributed in foreign online casinos, so it may be relevant for installation on a casino oriented to western players. The disadvantages of such a system is that it does not have a Russian-language site.
Thus, in domestic online casinos its usage is enough complicated.
Among the wide mass of players, the so-called Merchant have become very popular today. This is account of a particular casino, where the operator accepts payments for certain services from credit cards or bank accounts. From the point of view of online gambling, such a system can be safely attributed to be a perfect one.
Casino merchant accounts by e-mail or via POS-terminals, which contribute to the immediate receipt of funds in a convenient for the player time. The main advantage of using merchant accounts is versatility and accessibility. Such an account is convenient for the player, as he does not need any efforts to replenish his account on game account, because he can do it directly on the casino website using card or the online bank account.
To replenish it is enough to fill in the fields in a special online form, indicating details of your bank card or account, as well as the merchant account identifier. The procedure is simple and quick.
Today, such merchant accounts are available for players to be opened.
1. Merchant account with a bank card database
This option has now become widely used by existing casinos, in which at the beginning of their activity there was only a bank account. Having managed to accumulate a customer base, they are now increasingly switching to merchant accounts, thanks to their capabilities and benefits. On a new account, they deposit the already accumulated base, and then it will be replenish with new players and their card numbers when replenishing.
For operators, this is also a good way to charge money using special terminals designed to scan the magnetic strip of the card.
2. Merchant account without a bank card database
This form is traditionally chosen for the start by beginners of the gambling business, it can rightly be called the most common. When opening a new casino with it there is still no own customer base, and the operation will take place in the process of registering customers on the casino website and making their first deposits.
The operation scheme of such an account is a standard and provides for the entry of a number bank account or card and the identifier of the merchant account.
The main advantages of merchant accounts over banking are as follows:
- clients can carry out operations at any time of the day without reference to the working schedule of a banking institution;
- no currency control of funds is exercised;
- there are no basic requirements for documents accompanying financial operations.
The most common merchant accounts are:
- opening an account without a bank card database – used among beginners when opening an online casino, where the main customer base for accepting deposits is not organized;
- opening an account with an existing base of bank cards is an option suitable for successfully operating casinos with an existing customer base.
To open a merchant account, the operator will need to go through a banking verification:
- a legal entity in a bank will be able to open an account;
- to create an official website with payment systems connected to it and other services.
All channels related to financial transactions must be reliably reserved. If a company is thinking about how to connect all payment systems to the casino then the right decision is already there, and we are ready to provide it with ease!
We are ready to connect a company for all versions of popular systems to pay at the casino. The company just need to register with partners in processing activities, replenish the deposit amount and start to work.
There is no need to spend time and money on lawyers to open bank accounts, offshore companies, receive gambling licenses, pay for the services of integration to specialists of payment decisions, to conclude agreements with banks, electronic wallets and etc. This type of work can be done with our assistance in a short time and with an ease. And this is not to mention saving time!
We have fulfilled all the necessary requirements of our processing partners activities and signed the necessary package of documents. Now any partner (a company) can become our franchisees, and at the same time we will provide with an opportunity to be fully independent and conduct activities separately.
With our unique solution, a company will be able to receive payments from almost all countries except The United States, without a need to purchase one of the popular gaming activities licensed by Curacao.