The Role of Licensing in Securing iGaming Payment Solutions

[LicenseGentlemen]

Without the right licence, it’s nearly impossible to get stable payment processing in iGaming.​

• Which licences increase your chances of working with top-tier PSPs?
• How do regulatory requirements impact payment approvals?
• Are crypto-based solutions the future for high-risk industries?

Share your insights on how licensing affects payment options for online casinos! Thank you, guys!

 

[Graybeard]

Banks have 'reputation management' issues with gambling, porn and cannabis accounts or financing. When I was active in the 'adult entertainment' we had a couple of banks close out our multi-million euro accounts on short notice.


The Card shall not be used for payment of any gambling transaction or other transaction which is illegal under applicable laws and the Bank reserves the right to decline processing or paying any Card Transaction which it suspects to be a gambling or illegal transaction.
Notice that the bank first says you cannot use one of its credit cards for gambling that is illegal. But later it reserves the right to decline processing all gambling transactions, illegal or not. Why Visa Is Dropping Online Gambling | Gambling and the Law®

You are a liability in an unacceptable business to the banking industry. Crypto payment is a common solution. ccbill or epoch are psp middlemen.

 

[affwebsite]

good one keep it up....

 

[LicenseGentlemen]

Banks have 'reputation management' issues with gambling, porn and cannabis accounts or financing. When I was active in the 'adult entertainment' we had a couple of banks close out our multi-million euro accounts on short notice.


The Card shall not be used for payment of any gambling transaction or other transaction which is illegal under applicable laws and the Bank reserves the right to decline processing or paying any Card Transaction which it suspects to be a gambling or illegal transaction.
Notice that the bank first says you cannot use one of its credit cards for gambling that is illegal. But later it reserves the right to decline processing all gambling transactions, illegal or not.

You are a liability in an unacceptable business to the banking industry. Crypto payment is a common solution. ccbill or epoch are psp middlemen.

Thanks for your opinion!
Yep, the crypto opens all doors, and banks are mostly crazy about "sensitive" topics...

 

[LicenseGentlemen]

good one keep it up....

Hi! Do you have any licenses? Or some experience?

 

[kirauniq]

Without the right licence, it’s nearly impossible to get stable payment processing in iGaming.​

• Which licences increase your chances of working with top-tier PSPs?
• How do regulatory requirements impact payment approvals?
• Are crypto-based solutions the future for high-risk industries?

Share your insights on how licensing affects payment options for online casinos! Thank you, guys!

hey, can help with a getaway, specialize on high risk

 

[PurePay]

Without the right licence, it’s nearly impossible to get stable payment processing in iGaming.​

• Which licences increase your chances of working with top-tier PSPs?
• How do regulatory requirements impact payment approvals?
• Are crypto-based solutions the future for high-risk industries?

Share your insights on how licensing affects payment options for online casinos! Thank you, guys!

1 ) Top licenses like Cyprus, Malta, UK etc
2 ) There are always shortcuts which many are using, so there are some levers to tweak and get better approval rates
3 ) Not exclusively, but it is mandatory at this point in time for sure

Hope this helped you!

 

[notowen]

If I may, I'll recommned to try payment gateway as other option for you to consider. Its an one stop solution that can settle collect and payment issues for your iGaming business. Each transactions is monitored and best part you don't have to worry about how to convert the local currencies such as MXN/BRL to USDT, as mentioned it's one stop solution. There will be 24hours customer service to serve anytime and D0 settlement.