SIMPLIFYING
BANKING AND PAYMENTS
OVERCOMING BANKING
CHALLENGES:
- Finding suitable banking partners is a challenge in the iGaming sector.
- Difficulty in finding banking partners that meet specific requirements.
SIMPLIFY YOUR
BANKING:
- We have an extensive network of global banking partners, specifically catering to the iGaming industry.
- We provide expert guidance in selecting banks or Payment Service Providers based on your needs and risk appetite.
- We assist with the account opening process, including completing application forms, liaising with the bank, and compiling corporate documents.
CONTACT US
TO DISCUSS YOUR SPECIFIC SITUATION
AND LET US SIMPLIFY YOUR BANKING SITUATION
Banking is one of the most important aspects of successfully operating your business, as you need to receive and send payments smoothly to provide efficient client services. If you are in the iGaming sector, you know that banking is one of your company's biggest challenges.
OUR GLOBAL BANKING PARTNERS NETWORK
We remove this obstacle for you and handle it from start to finish. With our extensive network of banking partners worldwide, we will guide you to a bank or PSP that fits your needs, and we will manage the account opening. We have over 50 banking partners worldwide that work within the iGaming industry, and they can cater to all sorts of requirements, from payments in different currencies to payments in SEPA, SWIFT or cryptocurrencies.
OUR BANKING AND PAYMENT SOLUTIONS
Once the account has been opened, we can provide the daily management of bank payments from the account and other banking and payment services:
Find the bank or PSP that is right for you.
With our extensive network of global banking partners and our industry knowledge, we can help guide you to a bank or PSP that fits your needs.
We recommend that companies open at least two bank accounts, both to be kept active, to avoid potential issues with a banking partner.
Before recommending a bank to you, we consider the following:
- Your company’s requirements in terms of currencies and cryptocurrencies.
- Country of citizenship and residence of directors and shareholders - to ensure these fit the bank’s risk appetite.
- Countries where payments will be made to and from – to ensure the bank works with these countries and to see whether these offer SEPA and SWIFT payment facilities.
- The volume, frequency, and number of transactions.
TO ENSURE THE PROCESS IS AS SMOOTH AS POSSIBLE, WE CAN ALSO ASSIST YOU IN OPENING THE ACCOUNTS, INCLUDING:
- Completing the application forms,
- Liaising with the bank,
- Compiling corporate documents for your company,
- Certifying due diligence documentation of your company - if required by the bank, and if we hold the originals.
- Sometimes, we also offer to certify passports remotely through online video calls.
OUTSOURCING
PAYMENT
MANAGEMENT
As (managing) director and local representative of your local company, we can satisfy all regulatory aspects of your transactions as the local authorities require. With our skilled and sophisticated banking team, and in collaboration with our compliance department, all transactions are monitored under AML guidelines through an efficient and cost effective procedure.
Of course, any active company must make payments regularly to their suppliers, and we provide the daily management of payments from the company's bank account(s).
OUTSOURCING PAYMENT PROCESSING:
THE BENEFITS
This strategic move can bring several advantages, helping you reduce costs and gain a competitive edge in your industry. By tapping into the expertise of our specialized payment management team with advanced systems for secure financial transactions, you can focus on your core business activities and save valuable time and resources.
Here are some key reasons why outsourcing payment management might be the right choice for your business:
Here are some key reasons why outsourcing payment management might be the right choice for your business:
- Expertise and Experience:
Our payment processing team has years of experience and understands financial transaction complexities. By partnering with us, you can benefit from our expertise and ensure accurate processing, minimizing errors and inefficiencies.
- Compliance and Security:
Outsourcing payment processing to our specialized team ensures your financial transactions comply with industry regulations, reducing the risk of data breaches and fraud. Embrace innovative payment solutions to simplify operations, enhance security, and stay competitive. Choose the right payment processor to unlock opportunities, increase revenue, and offer a seamless and secure payment experience. Stay informed, efficient, and successful in today's fast paced business environment.
- Chargeback Control:
Dealing with chargebacks can be a time consuming process. We take charge of this aspect, allowing you to focus on growing your business and providing exceptional customer experiences.
Now, let's explore some specific scenarios where outsourcing payment management can be particularly advantageous:
If you are running a startup, handling banking matters can be overwhelming. Outsourcing payment processing allows you to offload this task to our experts, giving you more time to concentrate on building your core business.
There may be certain payments that you prefer to delegate to external parties, such as salary payments from a segregated account. We can handle these specific transactions efficiently and securely.
If you are seeking a comprehensive solution to handle all aspects of your company's payment management, including bookkeeping and transaction monitoring, outsourcing can be a perfect fit.
DETERMINING WHICH BANKING AND PAYMENT
SERVICES YOU NEED?
TO DISCUSS YOUR SPECIFIC NEEDS
CHOOSING THE RIGHT PAYMENT SERVICE PROVIDER (PSP)
In today's fast paced world, payment processing plays a pivotal role in the success of any business, especially in the competitive iGaming industry. By choosing the right Payment Service Provider and outsourcing your payment management, you can streamline your operations, provide a seamless payment experience to your customers, and ultimately drive revenue and profitability for your business. Embrace the fintech revolution, stay ahead of the competition, and create a unique and popular iGaming platform that attracts customers from all corners of the world.
In the competitive landscape of the iGaming industry, selecting the right Payment Service Provider (PSP) can be a game-changer for your business. A PSP acts as a bridge between your company and the financial institutions, facilitating online payments and ensuring a smooth cash flow for your operations. Here is how to identify and choose the best PSP for your business needs.
UNDERSTANDING YOUR PAYMENT OPTIONS
Before you delve into the PSP selection process, it is essential to understand the different payment types in corporate banking. From credit and debit cards to digital wallets and cryptocurrencies, each payment method has its own benefits and risks. By having a comprehensive understanding of these options, you can cater to a broader range of customers and improve the overall payment experience.
OUTSOURCED PAYMENT PROCESSING: THE PROCESS
Outsourced payment processing typically begins with identifying a reliable payment management company that aligns with your business goals. Once you have established a partnership, they will assist you in setting up the necessary payment tools, integrating a secure payment gateway, and monitoring transactions for accuracy and fraud prevention. This collaboration enables you to scale your operations and expand your reach in the global market.
WHEN TO OUTSOURCE PAYMENT PROCESSING
Deciding when to outsource payment processing depends on several factors, such as your company's growth stage, the volume and complexity of transactions, and your internal capabilities to manage payments efficiently. If you find handling payment processing in-house time-consuming and expensive, and if you need to focus on core business functions, it may be the right time to consider outsourcing.
EMBRACING TECHNOLOGY FOR EFFICIENT PAYMENT PROCESSING
As a business owner, streamlining the process of payments is crucial for maintaining a healthy cash flow. For most businesses, having a reliable and secure payment system is the preferred method for conducting financial transactions. However, traditional retail banking methods may come with extra costs and limited convenience. That is where innovative payment technology comes into play.
Investing in modern payment solutions can significantly benefit businesses. These systems provide faster access to funds and offer robust security measures to protect against fraud and mitigate risk. With real-time data and analytics, business owners can make informed decisions, develop effective strategies, and plan for the future.
The approval process for payment technology is typically straightforward and can be completed online, saving time and eliminating the need for extensive paperwork. Once implemented, these systems integrate seamlessly with your website or software, providing a convenient checkout process for your clients. They also allow for easy monitoring of transactions, granting you valuable insights into your sales and revenue.
