The Role of Licensing in Securing iGaming Payment Solutions

License Gentlemen

License Gentlemen

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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! Any opinion matters! Thank you, guys!
 
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My experience is within Europe.
  • If you want to do it properly, you want local licenses.
  • Germany is the hardest geo in Europe to do without a local license. The GGL are extremely unforgiving.
  • Most iGaming merchants have a Curacao license but some go for Anjouan, Tobique, Kahnawake, MGA.
  • With the licenses specified above, most Open Banking payment processors will allow you to process. Card acquirers is another story.
  • You still then have the issues of obtaining a C2B IBAN account which to be honest, isn't overly difficult.
 
OB_One said:
My experience is within Europe.
  • If you want to do it properly, you want local licenses.
  • Germany is the hardest geo in Europe to do without a local license. The GGL are extremely unforgiving.
  • Most iGaming merchants have a Curacao license but some go for Anjouan, Tobique, Kahnawake, MGA.
  • With the licenses specified above, most Open Banking payment processors will allow you to process. Card acquirers is another story.
  • You still then have the issues of obtaining a C2B IBAN account which to be honest, isn't overly difficult.
Click to expand...
Thank you for your opinion! With Germany is yeeeah! really hard!
 
License Gentlemen said:

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! Any opinion matters! Thank you, guys!
Click to expand...
Hey! Great questions. Here’s the quick scoop:

Licenses that help with PSPs: Top-tier licenses (like Malta MGA, UKGC, or Curacao) make PSPs way more likely to partner with you. They trust regulated operators!

Regulatory impact: Strict rules (AML, KYC checks, etc.) mean slower approvals, but they keep payments secure. PSPs love compliance—it protects them too!

Crypto solutions? Crypto is growing for high-risk industries (fewer chargebacks!), but regulations are still catching up. Some licenses now allow crypto payments (e.g., Costa Rica), but mix it with traditional options for safety.

TL;DR: A solid license = better payment options. Crypto’s cool but not the only future. Hope this helps!
 
Open Banking / Pay by Bank has taken the iGaming sector by storm too. Most of the bigger OB companies portfolio's are heavily weighted towards iGaming merchants.

Getting set up with them is fairly easy. Getting a C2B IBAN for settlement can still take a few weeks.
 
License Gentlemen said:

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! Any opinion matters! Thank you, guys!
Click to expand...
Online Casino insider and payment consultant here.

These days, offshore licences , youll be lucky to even find a no kyc crypto processor, card processing will all be miscoded.

If you have a local licence, you get all the PSPs you want, no problem.

Regulatory requirements have massive impact and gravity, miscoded card solutions, you will be happy to get an approval rate of 60%, while a non miscoded solution will have close to 100%, bar the transactions blocked by issuing banks and fraud/insufficient funds on card.

To get paid, the money travels the world and then needs to be converted to crypto before youre paid, this adds 1-2% of the volume to the bill. You will have a rolling reserve retained for 6 months and miscoded processing costs 2-5 times more, depending on various factors.

Crypto based solutions and card to crypto arent the future, forget it, the reasons are not enough traction and the bounce rate once people see crypto when they expect fiat transactions is massive.

Then again, payment processing is everything in that business, you dont need to have the perfect solution, you just need a better one than the competitors.
 
Great insights on how important licensing is for securing stable payment solutions in iGaming.

I agree that having the right licensing, like MGA or UKGC, makes it much easier to partner with top-tier PSPs and ensures a more reliable and secure payment process.

For anyone interested in understanding the broader impact of compliance in iGaming, I’d recommend checking out this article: https://notix.games/en/blog/compliance-and-certification-in-i-gaming-the-key-to-success-for-aggregator-platforms. It dives deep into the importance of certifications, the risks of non-compliance, and how aggregators play a crucial role in maintaining industry standards.
 
License Gentlemen said:

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! Any opinion matters! Thank you, guys!
Click to expand...
  • Which licences increase your chances of working with top-tier PSPs? Curacao license is the best / most common. You'll be able to get approved for most of the PSPs.
  • How do regulatory requirements impact payment approvals? No license, no payment approval. Easy as that.
  • Are crypto-based solutions the future for high-risk industries? Probably not in the short term.
 
@blackpay is spot on.

I work in payments, in particular iGaming. Curacao license is the most favoured (assuming you don't have a local license) but some will still entertain Anjouan, Tobique, Kahnawake.

In terms of payment solutions, the shift seems to be going towards Open Banking as it's easier for customers to use and understand compared to Crypto where a lot of people are still unfamiliar.

I know quite a few Crypto PSP's in the iGaming space and the share of the checkout + conversion rates aren't that great when the checkout also consists of; miscoded card solutions and Open Banking. The hope for most Crypto based solutions is that the merchant loses their other rails, making Crypto the default which isn't a bad strategy.
 
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