Payment systems for iGaming under the microscope of Slotegrator’s new article

Online casinos and sportsbooks need to know the most popular payment methods in every market in order to offer their players the ones they need. A new article from Slotegrator details. Players in every market have their own preferences when it comes to payment methods.

While credit cards like Visa and Mastercard are popular around the world, they’re not a skeleton key; legal restrictions, access to bank accounts, and other barriers can drive players towards a variety of alternative methods.

In the UK, the use of credit cards for gambling transactions is prohibited. Instead, players use PayPal, debit cards, and open banking, which uses APIs and open-source technology to increase security and transparency. Sofort, a payment service that promises smooth and secure transactions, is popular in Germany, Austria, Belgium, and the Netherlands.

Access to traditional financial products is rare in Latin America, where it’s estimated that only half of the adult population has a bank account and less than 20% have a credit card. Aside from players’ lack of access, another barrier is that financial institutions often refuse to cooperate with gambling enterprises due to fears of criminal connections. As a result, players expect to use other payment methods.

In African countries like Kenya, money transfers using a mobile phone account, such as M-Pesa, have become wildly popular, especially among the continent’s large population of sports bettors. In Southeast Asia, players make transactions using payment processors 2C2P, Thaiepay, and Paysbuy.

To learn more about these payment methods, as well as those that are widely used in Brazil, Portugal, India, Nigeria, and other countries, read the full article here.

 

About Slotegator

Since 2012, Slotegrator has been one of the iGaming industry’s leading software and business solution providers for online casino and sportsbook operators.
The company’s main focus is software development and support for online casino platforms, as well as the integration of game content and payment systems.
The company works with licensed game developers and offers a vast portfolio of casino content: slots, live casino games, poker, virtual sports, table games, lotteries, casual games, and data feeds for betting.
Slotegrator also provides consulting services in gambling license acquisition and business incorporation.

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