Payment Systems for Online Casinos: Approved Solutions from Online Casino Market

When launching own casino, the operator is obliged to pay attention to a number of factors and issues related to gambling activities. The entrepreneur needs to take care of the purchase of software components, the development of the gaming platform, the legalization of business and, of course, select practical and functional online casino payment systems.

Online casino payments software is the main way to interact with visitors. The presence of a decent number of services for financial transactions allows you to repeatedly enlarge the traffic of the web venue, increase the level of loyalty to the establishment, provide absolutely honest and transparent payments with the participants of the gaming process.

Characteristics of High-Quality Financial Service for the Gambling Website

The electronic system that accepts casino payments must comply with the following criteria:

• Speed of transaction execution. The faster payments are made, the more customers trust the website.
• Simple and user-friendly interface. Intelligible and thoughtful functionality is one of the key factors in choosing a software component. The players should be protected from the excessive number of registration forms and the need to make a lot of clicks to confirm the payment.
• Reliability and guarantee of transactions. The electronic system shall ensure the correct transfer and deliver the funds to the specified account.
• Security and privacy. Modern financial services are developed taking into consideration the desire of customers to keep incognito, and operators undertake not to disclose the information provided (from personal data of participants to the amount of deposits and the number of withdrawals).

Overview of the Most Popular and Recognized Financial Services

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These online casino payment services have gained the greatest popularity among Europeans. A credit card can be opened and issued in any financial institution after the conclusion of a standard contract.

Here are the most widely-used casino payment solutions:

Visa Banking Service

These online casino payment services have gained the greatest popularity among Europeans. A credit card can be opened and issued in any financial institution after the conclusion of a standard contract.

Main characteristics of this system:

• instant operations;
• the high popularity of the brand;
• one hundred per cent security;
• the ability to operate the card on the gambling platforms.

MasterCard Banking Product

The service has been existing on the international market for about 20 years and is known for the introduction of a number of promising financial instruments. The system is used for making financial transactions in various fields of activity and is available anywhere in the world.

Among the advantages of the credit card are the following:

• extremely simple transfer system;
• the efficiency of the implementation of the transaction;
• high level of user security;
• availability of this service in every online casino.

Maestro

It is one of the subsidiaries of the MasterCard brand. Despite belonging to a large corporation, the service is a completely autonomous and independent casino payments platform. The payment system is designed to open cards and replenish them in any banking institution in the world.

Maestro banking online casino payment services have the following advantages:

• simple and convenient operation;
• decent transaction speed;
• possibility to use prepaid cards;
• availability of payments in online casinos.

WebMoney e-Wallet

Virtual casino payment systems differ significantly from banking services and have a number of advantages. For instance, founded in 1998, the WebMoney Transfer brand provides financial transfers, payment for Internet services and purchases. At the same time, the service is not a payment system in the traditional sense, since it does not keep records of rights to private property and uses special “title signs” that are not electronic currency.

Among the advantages of WebMoney are several majors:

• when opening the wallet, there is no need to submit documents to the ground-located banking structures;
• transfers are available at any time of the day;
• there is a transaction tracking function;
• the convenient and thoughtful mobile client is also available;
• there is an option to automate regular operations;
• minimal commission charges;
• operational technical support;
• high level of security;
• no restrictions on the number of registered customers.

Virtual Wallets of Yandex.Money System

This is a respected payment service that has gained worldwide popularity and recognition. In recent years, the owners of the system pay maximum attention to security, which is associated with a number of innovations. For instance, each new customer after registration is obliged to provide the service administration with copies of identification documents (passport scan and notarized confirmation of the current place of residence).

Features and benefits of an e-wallet:

• record time of operations performing;
• convenient interface;
• guarantee of non-disclosure of personal information;
• high level of security;
• excellent quality of service;
• the presence of various methods of replenishment.

Among the shortcomings of the system is the fact that all transactions use a single currency — the Russian rouble. For transfers in other currency units, the conversion function is available in accordance with the rate set by the administration of the service.

Skrill Virtual Service

The system started its operation in 2003 and was previously known as Moneybookers. Initially, the service processed transactions related to the acceptance of sports betting and payment of bets in an online casino. Later, the sphere of its activity was expanded. Nowadays, Skrill casino payment systems are positioned as an independent financial company.

The service is available in 170 countries of the world and offers users the following benefits:

• the simple system of making payments;
• high level of security;
• transaction efficiency;
• the presence on all the gambling web venues;
• prohibition on access for anonymous visitors;
• support and conversion of 39 currency units (except Russian rouble).

Neteller

The service has gained worldwide popularity and provides services in more than 200 countries all around the globe. The financial program has been operating on the Russian market for about 6 years.

One of the peculiarities of this service is the ability to issue an electronic and real Net+ card for purchases and pay for services in any existing state. The term of registration is not more than 21 days. The disadvantage of the service can be called the need to specify plenty of personal data: contact phone number, real name, address of actual residence and e-mail.

Among the advantages of the system are the following:

• high transaction speed;
• minimal commission deductions;
• replenishment and payment from any part of the world;
• interaction with any existing online casinos.

Click2Pay

The company is relatively young but has already gained worldwide popularity and recognition. One of the unique advantages of this service is the ability to issue an anonymous card specifically for online casino payments. The administration of the resource ensures that the path of monetary funds will be impossible to track.

Another few indisputable advantages of choosing:

• simple and fast payment system for a casino;
• availability anywhere in the world;
• the high popularity of the system on foreign gambling resources;
• the function of obtaining a branded card.

The disadvantage is the absence of a Russified interface, but when contacting customer support, consultations are provided in any language of the world.

PayAnyWay

Online casino payment systems PayAnyWay are represented on the market by the brand Moneta.ru. The service is adapted for any financial payments on the Internet and has almost complete functionality of the corporate parent.

As the advantages of the resource can be specified the following features:

• popularity among Russian-speaking audience;
• high speed of operations;
• unhindered withdrawal of funds from any Internet resources.

Interkassa

Ukrainian service that provides financial interaction between the seller and the buyer in the online mode. The company is considered to be an intermediary between players and third-party resources of any category and format.

Interkassa casino payment systems are used for the subsequent crediting of transfers to the most popular electronic services and physical banking accounts. The casino payment service provider guarantees the high speed of operations regardless of the recipient’s account.

An interesting feature of the service is a fixed commission fee of 3%, which can be paid by both the customer and the service provider.

The benefits of choosing:

• user-friendly, intuitively clear interface;
• simple identification system without the need to provide a lot of documents to confirm the identity;
• wide range of statistical tools and the ability to generate financial statements;
• high speed of transactions;
• no restrictions on the amount of transfers and the number of transactions.

Gambling Venues with Cryptocurrency Support

Traditional online casino payment systems can act as the main opportunity for financial transactions or be used as an additional set of options with a focus on bitcoin wallets. 

Online casino payment systems designed to accept cryptocurrencies are one of the most popular trends in the modern gambling market. According to statistics, by 2024, every second platform will provide its customers with the function of payments in bitcoins.

Advantages of virtual money:

• complete anonymity and confidentiality;
• absolute security (it is impossible to monitor, interrupt, or return the payment);
• instant transactions;
• no commission fees;
• independence (bitcoin does not belong to any banking institution in the world);
• the ability to play with the minimal bets (deposits of 0.001 dollars are available).

Summary

Casino with global payment systems is a great opportunity for the operator to increase the traffic of the web venue many times and present the establishment as a competent and reliable supplier that guarantees the security of personal information and financial data of customers.

Please, address to the Online Casino Market for detailed consultations. Our staff will recommend the best set of software components and services for the organization of gaming platforms of any category and format.

The catalogue of product is constantly updated — we are ready to offer the best licensed software from the international first-rate suppliers on quite loyal terms.

Become the owner of your own casino with global payment systems even today by contacting us through one of these channels:

• Telegram: @spinwin
• E-mail: manager@oc-market.com
• Skype: slotsmarket
• Feedback form.

Author

Karen Fill

Gambling business expert at Online Casino Market