Top 6 online payment processors for industries like gambling and sports betting

A payment gateway is essential to every successful online company. Websites that deal in gambling should exercise extra caution when selecting a gateway because of the nature of the transactions they facilitate. Let’s discover all about this!

How do payment gateways work?

Payment gateways allow internet companies to accept credit card payments. A payment gateway establishes a connection between a certain website and the payment system to conduct the transaction. Before settling on a portal for casinos and betting, be sure you’ve checked all the essential boxes.

Although the customer never sees the gateway itself, they engage with it when they make a transaction and the gateway is activated. Payment processing refers to the worldwide procedure of the transaction flow.

What is the procedure for processing payments?

Payment processors connect all parties to execute computerized transactions. The consumer and store don’t know what the payment processor does.

After receiving encrypted transaction data from the gateway, the payment processor starts processing. The processor then communicates with the customer’s issuing bank to confirm the latter’s identification and the availability of money. If everything checks out, the transaction is authorized, and the gateway relays the good news to the storefront.          

The Top 6 Online Gambling Payment Processors

  1. BitHide. Looking for a multi-merchant, anonymous cryptocurrency casino payment gateway? Get your hands on BitHide and make use of the features we developed just for the gaming industry. BitHide may end up being the best option for your situation. In addition to the aforementioned capabilities, it supports linking various retailers, automatic withdrawal, balance sheet reporting, and other uses common in commercial settings.
  2. Stripe. Stripe is a widely used service. It serves customers in 40 countries, accepts 135 different currencies, and has a variety of other payment options. It supports both brick-and-mortar stores and internet shops, therefore POS terminals are available. Despite Stripe’s worldwide availability, it lacks the individualized customer service that might be crucial for gaming and casino businesses.
  3. WePay. WePay is a payment gateway that also serves as a merchant account. This software is trustworthy across numerous channels since it makes managing complex payment requests across different websites easy. However, WePay does not include support for a wide variety of currencies in its services for use in a wide variety of nations.
  4. PayPal. One of the most well-known suppliers nowadays is PayPal, which also functions as a payment mechanism. It serves over 200 countries and has support for 26 different currencies. It also accepts its own proprietary currency, and a number of others. PayPal does not have a checkout page, therefore customers must go to PayPal before buying.
  5. Square. Square provides services that facilitate communication between brick-and-mortar stores and virtual enterprises. It has excellent safety and can be put up quickly. Thus, Square targets businesses that combine e-commerce and brick-and-mortar.
  6. Authorize.Net. Authorize.Net is able to process transactions in the currencies of the United States, the United Kingdom, Canada, several nations in the European Union, and Australia; however, not all countries within the European Union are supported. It has a secure checkout process that takes place on the site itself. However, no individual assistance may be provided to customers.


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