Players currently expect flexibility when it comes to deposits and withdrawals. A limited choice of iGaming payment providers often leads to higher bounce rates, and gamblers are less motivated to make a first deposit. Thus, such casinos lose potential customers to those websites that feature a wide range of banking methods. Multi‑wallet support solves this challenge, as it allows brands to integrate cards, e‑wallets, vouchers, and crypto into a single platform.
Cards and E‑Wallets
Visa and Mastercard are still among the main payment methods. According to the European Central Bank, card payments accounted for 57% of all non‑cash transactions in the euro area in 2024. The popularity of credit and debit cards is still high among casino players, too.
By having them among the banking operators, they can target mainstream audiences. However, their integration comes along with multiple fraud risks for online casinos and their customers. As a result, operators should have a strong fraud prevention system in place. Ensuring effective chargeback management is also critical.
Still, having only bank cards in the cashier makes banking too limited, so operators also add e-wallets to the list. Electronic wallets such as Skrill, Neteller, and PayPal have become popular because they offer instant deposits and withdrawals, while gamblers value the speed and convenience of transactions. Adoption of e‑wallets is critical for those casinos that target players from Europe and Latin America. They are often used as default payment methods there.
Vouchers and Local Payment Methods
In regions where cards and e‑wallets are less common, vouchers and local payment systems are critical. They allow gamblers to deposit funds using familiar, trusted methods. A big advantage of those methods for casino players is that they can often be used without having a bank account or using it in any way (we mean vouchers).
Examples of widely used voucher options include:
- Paysafecard – prepaid vouchers popular across Europe.
- AstroPay – virtual prepaid cards widely used in LATAM.
- CashtoCode – a cash‑based voucher system accepted globally.
As for the local transactions, it is best to have Interac for Canada, Pix for Brazil, or BLIK for Poland. Those are just some of the examples. The list of local payment methods that should be integrated depends heavily on the targeted markets that casinos define for themselves.
However, creating a banking service that is fully tailored to the needs of players on separate markets is rather challenging. Expert help from software providers that have global and local payments as a part of their solutions is critical. Thus, Soft2Bet offers API-based integrations that allow their partners to have full control over their cashier page. The company’s banking solutions support multi-currency payments, smart routing, advanced analytics, fraud protection, and automated withdrawals.
Crypto and Stablecoins
Crypto payments are now an inevitable part of casino operations. Thus, Statista survey data shows that 23% of online gamblers worldwide have used cryptocurrency for deposits. Those gambling destinations that ignore these blockchain-based transactions cut off a significant part of potential customers. Even though they are still niche, players are willing to know that they are able to make deposits and withdrawals in Bitcoin, Ethereum, Tether, or USD Coin, among others.
Cryptocurrencies provide players with faster transactions, higher limits, and, often, lower fees. They also create a higher level of security and better anonymity. Still, some gamblers see these alternative payment methods as a warning sign about the casino’s reliability due to less strict regulations at crypto-friendly operators.
Limited banking is never seen as a positive sign when it comes to gambling destinations. Players prefer those websites that offer diversity and have cards, e‑wallets, vouchers, and crypto payment gateways in their cashier. Therefore, having multi‑wallet systems integrated is essential for operators to have consistent growth and be able to scale their services.