Payment Solutions for iGaming Companies

Managing payments in iGaming is tough, let us make it easier. Choose our Cashier Service, and get access to hundreds of payment methods with one integration. Or choose Direct Integrations for more flexibility and integrate straight with the providers.

What are Payment Solutions

Handling payments might not be the flashiest part of running a gaming platform, but it’s one of the most important. When players can move their money in and out without a hassle, they stay engaged. But if payments are slow or clunky, or if the right options aren’t there, they’ll leave.

That’s why most platforms make sure to cover a wide range of payment methods. It’s all about giving players choices they trust, whether that’s traditional debit and credit cards, alternative methods (APM), like e-wallets, Buy Now, Pay Later, and cryptocurrencies, or even cash-on-delivery options. The key is offering choices that feel familiar and trustworthy to users.

It’s not just about variety; it’s about showing players they’re in the right place. When someone sees their go-to payment method, they’re more likely to feel comfortable, deposit faster, and stay longer. Skip that step, and even a great game might not be enough to keep them coming back.

Behind the curtain, Payment Service Providers (PSPs) do most of the legwork, keeping things running smoothly between the platform and the player. But not every provider is upfront. Some inflate their data, slip in hidden fees, or make it hard to access your own funds.

If you’re a smaller operator, picking the right PSP can be tricky, especially if you’re working with limited resources. That’s where MGL steps in. We are here to guide you toward the best-fit solution for your business. We’ll help you navigate the options and find a partner you can count on.

Who Need Payment Solutions

If you’re in online gambling, you need a payment setup that just works. Whether you’re running a casino, poker room, or sportsbook, handling payments isn’t just about moving funds around. It’s a huge part of how you earn trust and keep players coming back for more.

Players today expect speed. They want to deposit instantly, withdraw without a wait, and use their own currency without losing money to surprise fees. Offering them familiar, reliable options—Visa and Master cards, bank transfers, even crypto—goes a long way in keeping them happy.

But it’s not just about convenience. There's a whole layer of compliance to deal with—AML, KYC, fraud checks—the kind of operational and regulatory challenges that can slow everything down if it’s not handled properly.

That’s why having the right payment provider matters. The right one takes care of the complex details behind the scenes, so you can stay focused on building a great platform, not drowning in paperwork.

To keep things simple, we offer two solid solutions:

Cashier Service

This option gives you access to a wide range of payment methods through just one integration. Instead of stitching together connections to providers like Klarna, Trustly, or crypto services one by one, you get everything in one place.

It’s a smart way to localize payments without the usual setup hassle. Even in a single market, you would typically need 4–5 different integrations. The Cashier Service simplifies that.

You also can manage providers, set rules by region, monitor transactions in real time, and stay compliant with local regulations. It’s especially useful for smaller teams or platforms that want to move fast without overcomplicating things.

Direct Integrations

If you want more control and have enough resources to support it, Direct Integrations lets you connect to each payment provider individually. You get flexibility and, in some cases, lower fees.

But it’s not for everyone. This route takes more time, more effort, and a team that knows what they’re doing. It’s a better fit for established operators with experience and infrastructure in place. For newer platforms, it can become a heavy lift, especially when you’re trying to grow quickly.

Onboarding Requirements

Once you've obtained your online gambling license and your gaming website is good to go, the real adventure begins: finding a payment gateway you can actually trust in a new market.

On average, the required documents are the same as those for the licensing process. Here’s a quick list of the key documents you'll typically need:

Personal Documents

• Passport Copies (for all owners and directors)

• Proof of Address (recent utility bill or bank statement (last 3 months))

• Ultimate Beneficial Owner (UBO) Declaration (confirms the actual owner controlling the business)

Incorporation and Other Related Documents

• Certificate of Incorporation (confirms legal registration)

• Business License (proof of authorization to operate)

• Gaming License (issued by regulators (MGA, UKGC, Curacao, etc.))

• Articles of Association (AOA) / Memorandum of Association (MOA) (defines company structure)

• KYC & AML Policies (compliance with anti-money laundering laws)

• Risk Assessment Report (fraud prevention strategy)

• Player Verification Procedures (ensures responsible gaming compliance)

• Bank Statements (financial records for the last 3-6 months)

• Proof of Funds (confirms financial stability)

• Merchant Account Agreement (Terms for payment processing)

• Chargeback Ratio Report (Assesses risk level for payment providers)

• Website Requirements (fully operational website with Terms & Conditions, Privacy Policy, and Responsible Gaming policies)

• PCI DSS Compliance (secure payment gateway integration)

How To Set Up Payment Solutions

Here’s a general guide to setting up payment solutions with MGL:

Step 1. Initial Consultation

We begin with a consultation to understand your specific needs, target markets, and preferences. This step usually takes 1-3 days. 

Step 2. Solution Selection

After we talk through your needs, we’ll point you to the payment providers or aggregators that actually make sense for your setup, based on where you operate, the kind of business you run, and how much volume you’re handling.

For example, you go with a Cashier service provider. Instead of plugging in every payment method one by one, you just connect to a single system that handles everything for you. In some cases, our partner will set you up with a provider they already work with. In others, if you’ve got someone specific in mind, you just let them know who you want to use.

This step usually takes 2-10 days, depending on how complex things are and which providers are in the mix.

Step 3. Integration Support

Once a solution is chosen, we introduce you to the desired payment providers. From there, you’ll go through their onboarding. This usually means sharing company documents, going through some checks, and meeting compliance steps. We stay involved to keep things moving. The whole process typically runs anywhere from 2 to 12 weeks, depending on the setup.

By partnering with us, you can focus on your business while we manage the complexities of introducing the right and suitable payment solutions tailored to your project.

Types of Payment Solutions

When it comes to payments in iGaming, there’s no universal setup that works for everyone. The best approach depends on a few key factors—how fast the payment method is, how secure it feels, where your users are based, and what they’re used to. 

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Here’s a breakdown of the main payment types used by online gaming operators:

Credit and Debit Cards

Visa and MasterCard are still popular options across Europe. Fees depend on the region, but they’re usually around 6–12%. Beyond the fees, first-time deposits can be more troublesome than it seems. Banks or processors sometimes hold the money while they run checks or go through compliance steps. To get around that, a lot of platforms set up full FTD coverage. This often means connecting to three or four different Visa and MasterCard solutions to keep things running smoothly.

Bank Transfers

Bank transfers are still a favourite for high-stakes players moving large sums. SEPA, wire transfers, and direct bank payments offer reliability and security, which are key for bigger transactions.

E-wallets

Services like Skrill, Neteller, AstroPay, and Przelewy24 are quick and secure. They let players make deposits or withdrawals without giving out their bank details, which adds a layer of privacy. Their speed and ease of use make them especially popular in Europe. Fees can vary a lot depending on the provider and region but generally land between 3% and 12%.

Cryptocurrency Payments

More iGaming platforms are starting to accept cryptocurrencies. They’re fast, private, and often come with lower fees. Some operators use services like BinancePay to manage crypto payments with simpler setup. If you’re interested, we can put you in touch with a provider already working with well-known names in the space. Their fee can go as low as 0,4% on both deposits and withdrawals, which compares well to what most others charge.

Instant Banking 

Some users prefer to stick with their bank but still want speed. In countries like Brazil, Mexico, and India, options like PIX, SPEI, UPI, and IMPS offer fast transfers. Instant banking often comes with lower fees, ranging from 1% to 8%.

Prepaid Cards 

Prepaid options like Paysafecard are ideal for those who don’t want to link a card or bank account.

Mobile Payments

Very popular across parts of Africa, mobile payment systems like Vodacom, MTN Mobile Money, and AirtelTigo let users send and receive money through their phone. These options are fast, accessible, and great for areas with limited banking access. 

Buy Now, Pay Later (BNPL)

Klarna, Afterpay, and similar services have caught on fast in places like the UK and Nordics, particularly among mobile-first users. These services let users break up their payments, while operators still get the full amount right away. Fees range from 4–8%, and approval is typically fast. 

If you’re looking to streamline things, aggregator tools like our Cashier Service can help. With a single integration, you can offer multiple payment options like Visa, Mastercard, open banking, and other alternatives. You can customize the payment methods your gambling website provides. It’s a smart choice for smaller companies or startups wanting to go live quickly without the complexity.

Challenges of PSPs in iGaming

Running payments for an online gambling platform isn’t always straightforward. There are plenty of challenges that can impact your profit if you’re not prepared.

Take international transactions, for example. The fees attached can be surprisingly high, and over time, they tend to reduce your profits.

Then there’s the issue of chargebacks. When players use traditional payment methods, they can dispute charges, which not only costs you money but can also lead to penalties from your payment processor.

Operators also face integration complexities. Today’s players expect a range of payment options—bank transfers, e-wallets, crypto, cards—you name it. But getting all of those set up smoothly behind the scenes can be tricky and time-consuming.

On top of that, you’ve got to deal with regulations, which vary from country to country and change regularly. For example, in India, gambling-related payments are tightly monitored. Over in Australia, certain payment methods have already been taken off the table.

Choosing the wrong payment provider only makes things worse. If your partner turns out to be unreliable, or worse, connected to shady practices, it can damage your reputation and push players toward competitors.

Finding a provider you can trust isn’t always easy. Some won’t be upfront about their fees or success rates, and others might skip formal contracts altogether. In the worst cases, your money could even be at risk.