Selecting a cryptocurrency payment gateway in the gambling sector is far from straight-forward. Gateways aren't one - size-fits-all, and what suits one platform might be a misfit for another, depending on your business framework and player base. Key factors to consider include transaction speed and supported cryptocurrencies - especially as new digital currencies gain traction. A transparent fee structure is critical, as hidden costs can impact your bottom line. And with mobile devices becoming the primary touchpoint for many players, mobile compatibility is now essential. Lastly, consider scalability - your gateway should grow with your business, effortlessly handling an increasing volume of transactions. With all of that in mind, here are Top Ten crypto payments gateways for 2024.
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MoonPay
Now printing about 2.7 million unique visits per month, online casinos Stake.com (16% referring traffic) and Shu- ffle.com (4.9%), are leading feeder sites along with Metamask. One of the world's biggest crypto on-ramps, Moonpay was co-founded by Ivan Soto-Wright who first purchased Bitcoin in 2012. Soto-Wright is the current Chief Executive Officer of the company, which provides an API that takes care of various know-your-customer and anti - fraud requi- rements for retail-facing businesses, creating crypto-to-fiat on- and off-ramps for 80 or so cryptocurrencies around the globe. Cryptocurrency payments app MoonPay has entered into a strategic partnership with BCB Group, a bu- siness-to-business provider of banking rails to crypto companies like Bitstamp, Coinbase, Galaxy, Gemini, Kraken. MoonPay was valued at $3.4 billion following a $555 million Series A funding round led by Coatue and Tiger Global.
2. Paysafe/Skrill
Skrill, which is owned by the Paysafe conglomerate, allows users to buy, hold, and convert various cryptocurrencies directly within their wallet. This feature supports over 40 cryptocurrencies. Whether or not you can use Skrill for gambling transactions specifically with cryptocurrency will depend on the individual gambling platform’s terms. With more than 20 years of experience, an annual transaction volume of over $130 billion, and approximately 3,300 employees located in 12+ countries, Paysafe connects business and consumers across more than 100 payment types in over 40 currencies. It has seen over $1.5 billion in wallet deposits, and Skrill accounts for around 13% of this.
AlchemyPay
Founded in Singapore in 2017, Alchemy Pay is a payment gateway that connects crypto with traditional fiat curren- cies for businesses, developers, and end users. It now supports payments in 173 countries. Its On & Off Ramp is a one-stop solution to buy and sell crypto and fiat, easily integrated by platforms and dApps. Additionally, its Web3 Digital Bank supports Web3 enterprises by providing multi-fiat accounts and instant fiat-crypto conversion capabi- lities. ACH is the Alchemy Pay network token on the Ethereum blockchain. Its latest investment was a $10 million injection from crypto market maker DWF Labs, which valued Alchemy at around $400 million. The company has secured several licenses related to payment services across different countries, such as the US, Canada, Indonesia, and Lithuania. Its most recent achievement includes obtaining a Money Transmitter License in New Hampshire.
4. Changelly
Proven platform that offers fiat-to-crypto exchanges from over 250 currencies, streamlining the process for both players and operators. The company empowers clients to offer a service where players can top up their accounts with cryptocurrency, even without prior ownership. Changelly signed an important deal with experienced betting and software provider NuxGame in June 2024, allowing players to buy and exchange cryptocurrencies directly. Still not FCA approved in UK, it was originally founded in 2015 as part of the MinerGate project, a popular mining pool.
BitPay
Founded in 2011, BitPay is one of the oldest cryptocurrency companies. The company has offices in North America, Europe, and South America and has raised more than $70 million in funding from leading investment firms inclu- ding Founders Fund, Index Ventures, Virgin Group, and Aquiline Technology Growth. BitPay offers consumers a complete digital asset management solution that includes the BitPay Wallet and BitPay Card, enabling them to turn digital assets into dollars for spending at tens of thousands of businesses.
6. Cryptopay
Established in 2013 by George Basiladze and Dmitry Gunyashov, Cryptopay is registered in Estonia for its favourable regulatory framework that supports digital finance businesses. Estonia has been a leading country in Europe for issuing crypto-related licenses, making it an attractive location for companies like Cryptopay to operate legally within the European Union. CryptoPay.me has some interesting wallet collaborations which opens doors in the iGmaing industry, most noteworthy of which is MiFinity - a true ‘omni-channel’ payment provider in the market.
Coinpayments
Being an EU-licensed legal entity with a team having 9+ years of crypto expertise and over 800 merchant accounts serviced, CoinsPaid aims to satisfy the world's everyday needs using cryptocurrency. Its product offerings include Payment Gateway, Business Wallet, Exchange & OTC Desk, Crypto SaaS, Hot Wallet, and Explorer.
8. NowPayments
Launched in 2019 as part of the ecosystem of ChangeNOW, a non-custodial cryptocurrency exchange platform. Clients can leverage a turnkey solution for casino payments and tailor the experience to business needs by creating sub - accounts for seamless user management. Clients can also utilise permanent addresses for optimised deposits whilst receiving instant payment notifications. Traffic derived from Russia in particular - 0.5% service fee.
Paybis
With fees starting at a competitive 0.48% and all chargebacks taken care of by the firm, Polish-born Paybis now serves customers in 190 countries, including 48 US states and is now entering the iGaming space in a serious way.
10. BVNK
Annualised payment volume of $6 billion, BVNK has payments infrastructure for a multi-rail, multi-asset future. Its global licensing gives clients access to fiat & crypto, while its compliance, AML systems mitigate risk and fight fraud.