Tailored solutions for the iGaming industry

Product
Euan Robb

The iGaming industry is continuously evolving with changing consumer preferences and technological advancements to improve the overall user experience. In this landscape, effective payment solutions are not just a necessity but crucial for success.

Equals Money offers a comprehensive and flexible portfolio of payment flow solutions tailored for the iGaming industry. This post will explore the benefits of Equals Money’s platform, payments, and multi-currency accounts, all integrated with open banking, to streamline global payment journeys for clients.

About Equals Money

The need for specialised payment solutions in iGaming

iGaming businesses face unique challenges, such as handling diverse currencies, complying with various regulatory requirements, and providing secure yet user-friendly payment experiences. By offering a flexible platform that caters to these specific needs, Equals Money ensures that iGaming operators can focus on growing their business while leaving the complexities of payments to the experts.

The application of open banking in the gaming industry

Open banking refers to the streamlined sharing of financial data between banks, financial institutions, and third-party providers through APIs. This enables access to multiple accounts within a single program or app, increasing transparency, efficiency, speed, and the overall user experience.

Within the gaming industry, this provides players with the means to use their preferred payment method to make transactions in a convenient and secure way.

The advantages of open banking in iGaming transactions

The use of open banking for gaming transactions has several advantages:

  • Immediate transactions: Open banking allows gamers to instantly make uninterrupted deposits and withdrawals, eliminating the need for credit or debit cards. This ensures that players can access their favourite games without concerns about deposit delays or withdrawal processing times.
  • Security: With access to open banking, you can reduce the risk of fraud and theft with players no longer required to provide their private banking details and information to iGaming platforms or operators.
  • Enhanced user experience: Open banking enhances the overall user experience by providing players with a seamless and user-friendly process. They can effortlessly fund their accounts and withdraw their winnings without having to exit the iGaming platform, expediting the entire process.

The Equals Money platform: A game-changer for iGaming payments

Equals Money's platform stands out in the iGaming payment landscape. We offer:

  • Emerging market specialists: You’ll receive a dedicated, specialist account manager who understands the gaming industry to help you and your business with your financial needs.
  • Lightning-fast payments: Alongside great exchange rates, access to SWIFT, UK Faster Payments, SEPA, and SEPA Instant means payments can be consolidated rapidly - without sacrificing security.
  • Access to open banking: Leveraging open banking technology, Equals Money provides a more streamlined, secure, and efficient payment process, enhancing the user experience.

Multi-currency accounts for global reach

The iGaming industry is inherently global, and dealing with multiple currencies can be a challenge.

Equals Money’s multi-currency accounts simplify this complexity, allowing iGaming businesses to transact in various currencies effortlessly and without the need for conversion. This not only improves operational efficiency, preventing the need for multiple accounts across several jurisdictions, but also enhances the player experience by offering them the convenience of transacting in their local currency.

Safeguarded funds

In an industry where trust is paramount, we place a strong emphasis on the security of client funds. Equals Money protects customer funds via a process called safeguarding, holding them in specially designated safeguarded bank accounts, separate from our other assets.*

Conclusion

The iGaming industry demands payment solutions that are flexible, secure, and efficient. Equals Money meets these needs with our innovative platform, multi-currency accounts, and lightning-fast payments, all supported by cutting-edge open banking technology.

By choosing Equals Money, iGaming operators can elevate their payment processes, enhance player satisfaction, and focus on what they do best – providing an outstanding gaming experience.

iGaming solutions

*Equals Money accounts don’t fall under FSCS. Please visit the Equals Money website for more details.

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