Top 10 payment methods in the iGaming industry in 2024
iGaming sector continues to grow steadily and expand into new markets, driven by technological advancements and increased accessibility. A critical aspect of this expansion is the variety of payment methods available to players, allowing for smooth transactions and enhanced user experiences.
This article explores the top 10 payment methods in the iGaming industry, focusing on their features, benefits, and why both platforms and players favour them.
Payop’s Pay by Bank
Payop’s Pay by Bank allows users to make payments directly from their bank accounts without intermediary steps. This method is particularly favoured for its low transaction fees and instant processing times, making it ideal for iGaming platforms that require quick deposits and withdrawals. The direct nature of bank transfers also enhances security, as there are fewer touchpoints where data could be compromised.
Pay by Revolut
Revolut is a digital banking method available through its easy-to-use mobile app. Revolut accounts allow players to hold and exchange multiple currencies at competitive rates. This is particularly beneficial for international players who can avoid costly conversion fees.
Additionally, the app provides robust security features, such as instant transaction alerts and the ability to freeze the card quickly, making it a reliable choice for online gaming transactions.
Pay by Monzo
Monzo is another digital bank that has gained significant popularity in the iGaming industry. It offers real-time spending notifications, budgeting tools, and easy international payments. Its integration with numerous online platforms and focus on transparency and user control make it a preferred payment method for many online gamers. Monzo’s no-hidden-fee policy and excellent customer support further enhance its appeal to players.
PayDo
Paydo is an e-wallet solution designed for the global market. It supports multiple currencies and provides a user-friendly interface for managing funds. PayDo is particularly popular in the iGaming industry for its quick deposit and withdrawal capabilities.
As an e-wallet solution, PayDo offers an added layer of privacy, as players don’t need to share their banking details with gaming operators. Its extensive network and integration with various payment systems also make it a versatile option for players around the world.
Learn about the specifics of payment processing in the iGaming sector.
Neosurf
Neosurf is a prepaid card solution that provides an anonymous and secure way to make online payments. Players can purchase Neosurf vouchers from numerous retail outlets or online and deposit funds into their iGaming accounts.
This method is particularly popular among users who prefer not to share their banking or credit card details with online platforms. Neosurf’s prepaid nature also helps users manage their gambling budgets more effectively, reducing the risk of overspending.
Fawry
Fawry is a leading electronic payment network in Egypt that has found a niche in the iGaming industry. It offers convenient and secure payment solutions, enabling users to pay through various channels, including ATMs, mobile wallets, and retail outlets. Fawry’s extensive network and integration with local banks make it a practical choice for Egyptian players who want to fund their gaming accounts effortlessly. Its robust security measures and user-friendly interface have contributed to its growing popularity.
Pix
PIX is an instant payment system launched by the Central Bank of Brazil. It allows for real-time transactions 24/7, providing a significant advantage over traditional banking hours. PIX is highly popular in Brazil due to its speed, security, and low transaction costs.
For the iGaming industry, PIX offers a reliable and efficient payment method that caters to the large and growing Brazilian gaming market. Its integration with numerous banks and financial institutions enhances its accessibility and convenience for players.
Interac®
Interac is a widely used interbank network in Canada. It offers various payment services, including Interac Online and Interac e-Transfer. These services are known for their security, speed, and ease of use. Interac Online allows users to make direct payments from their bank accounts, while Interac e-Transfer enables quick money transfers between individuals.
In the iGaming sector, Interac’s strong reputation for security and its widespread acceptance among Canadian banks make it a top choice for players.
EPS
EPS (Electronic Payment Standard) is an Austrian online payment system facilitating secure and efficient bank transfers. Developed in cooperation with Austrian banks, EPS is highly trusted and widely accepted in the country. For iGaming platforms targeting Austrian players, offering EPS as a payment method ensures smooth transactions and enhanced trust. The system’s real-time processing capabilities and robust security measures are major selling points for users.
Webpay
Webpay is a popular online payment solution in Chile that bridges local banks and online merchants. It supports various payment methods, including credit and debit cards, enabling users to make secure and fast transactions.
In the iGaming industry, Webpay’s integration with local financial institutions and user-friendly interface make it an attractive option for Chilean players. The system’s robust fraud prevention mechanisms and real-time transaction processing further enhance its reliability.
Learn how local payment methods can boost your business.
Win over players with Payop
Payop is a reliable payment partner for the iGaming industry, offering an extensive range of over 500 local and international payment methods and support for 100 currencies. This vast selection, available in a single integration, ensures accessibility and convenience for players from diverse regions, allowing them to deposit and withdraw funds effortlessly. Additionally, our user-friendly interface and advanced security measures help enhance the overall gaming experience and build player loyalty.
Our transparent fee structure and instant transaction options make us a preferred choice for both iGaming operators and players. As the industry continues to expand, our focus on security, efficiency, and customer satisfaction ensures that Payop remains a trusted and valuable partner for the gaming community.
Learn more by contacting our team at [email protected].