Bitpace, is an Electronic Money Institution are financial institutions that acts as a bank and a payment agent at the same time. They are less regulated than traditional banks plus they make fund transfers easy by allowing payments, deposits, and withdrawals from cryptocurrency coins to fiat currencies and vice versa. This payment gateway can also provide you with a virtual IBAN that serves like your bank account number from traditional banks.
If you want to keep your online casino on the cutting edge of payment technology, but handling cryptocurrencies seems complicated, read on.
The good news is, integrating an electronic money institution’s API into your online casino platform is easier than you think. Once set up, their service handles all the complexity so you can offer Bitcoin and altcoin payments with minimal hassle. Want to get paid in crypto but receive cash in your bank account? They’ve got you covered. Prefer the coins deposited straight into your wallet? No problem. Either way, they take care of the regulatory requirements and security details so you can focus on running your business.
Right now, there’s a sea of selections for EMIs that offer different services hence different benefits to online casino operators. In this blog, we will be focusing on this famous payment gateway company in the igaming industry, Bitpace.
What is Bitpace?
Bitpace is an esteemed cryptocurrency payment gateway that offers efficient, dependable, and secure services for cryptocurrency transactions.
With its ongoing progress and expansion, Bitpace is poised to become the leading alternative to traditional FIAT payment methods in the near future.
3 Significant Advantages of Using Bitpace
More and more businessmen in engaged in Igaming business activities are opting to integrate APIs of Electronic Money Institutions (EMI) into their platform. This is because of the major upsides of having it including fast payment processing, smooth fund transfers, and the ability to accept cryptocurrency payments and withdraw in fiat currencies and vice versa.
1. Fast and Secure Payment Processing With Bitpace
When you integrate the Bitpace API for payments, your online casino will be able to process fast, secure transactions. Players will appreciate how quickly their deposits and withdrawals are handled.
- Deposits are instant.
Once a player sends their Bitcoin or other supported cryptocurrency, it will be credited to their account right away so they can start playing immediately. No more waiting around for payments to process!
- Withdrawals are fast too.
Players can withdraw their winnings or account balance and have the funds in their wallet within 24 hours. Some withdrawals may process even faster. Either way, players won’t have to wait days or weeks to access their money. Bitpace will also enable you to accept and transfer funds to most kinds of crypto wallets.
- Security is a top priority.
Bitpace uses advanced encryption and fraud prevention tools to ensure all transactions and data are fully protected. Players can feel confident their payments and personal information will be kept safe and secure.
- Low fees.
By accepting cryptocurrency payments, you’ll pay lower processing fees compared to traditional payment methods. And you can pass some of those savings onto your players through lower deposit and withdrawal fees.
- Global access. Bitpace allows you to accept payments and payout winnings to players almost anywhere globally. Whether your players prefer cryptocurrency or fiat currency, the Bitpace API has them covered.
Adding Bitpace as your Payment Gateway is a win-win. Your casino will benefit from lower costs and faster payouts, while also offering your players a premier user experience through speedy, secure payments and access to their funds 24/7 no matter where they are. That sounds like a sure bet!
2. Compliance-Ready Solution for Online Gambling Operators
As an online casino operator, compliance is one of your top priorities. Integrating an electronic money institution (EMI) API into your payment processing system helps ensure you meet all regulatory requirements.
- By partnering with a licensed EMI like Bitpace, you gain access to a compliance-ready solution tailored for the gambling industry. Bitpace handles know-your-customer (KYC) verification, anti-money laundering (AML) checks, and fraud prevention so you can avoid regulatory issues and penalties.
- An EMI also provides secure payment processing using encryption and two-factor authentication. Your customers’ personal and financial data is protected, giving them peace of mind to gamble on your site.
With an EMI handling the technical and legal aspects, you can focus on providing a great gaming experience for your users. Their API does the heavy lifting so you get fast, seamless altcoin transactions and quick payouts in fiat currency without hassle or delay.
Partnering with an EMI is a win-win allowing you to tap into new markets and payment methods while ensuring full compliance.
3. Expand Your Reach and Accept Bitcoin and Altcoin Payments
Accept More Payment Methods
By integrating an electronic money institution API like Bitpace, you open yourself up to accepting cryptocurrency payments from customers all over the world. This means more potential customers can pay you using the digital currency of their choice.
- Accept Bitcoin, Ethereum, Litecoin, and more. The top digital currencies with the highest market caps and most mainstream adoption are supported.
- Altcoins like Dash, Monero, and Zcash provide additional privacy features that some customers prefer. Offering these alternatives gives people more options to pay you in the way they like.
- Reach customers globally. Digital currencies allow people from anywhere to pay you, even if traditional payment methods are unavailable in their country or region.
- Low fees. Most digital currency transactions charge minimal fees compared to traditional payment gateways. Pass on the savings to your customers with lower prices.
By accepting multiple cryptocurrencies through an all-in-one API, you make your online business or casino accessible to more people worldwide. Customers get to pay you in the digital asset they prefer, using innovative new technology, while you can receive the funds in your local currency. It’s a win-win for both parties! Expanding your payment options is an easy way to boost your customer reach and give more people the opportunity to patronize your establishment.
Conclusion
In short, by integrating an electronic money institution API for your online casino, you’re opening yourself up to a whole new world of benefits. You’ll tap into an innovative payment method that allows you to get paid faster, expand into new global markets, reduce fraud risk, streamline your operations, and boost your credibility.
Integrating a payment gateway like Bitpace will not only benefit you but it will also give convenient payment and a better overall gaming experience for your players.
Unlock better rates for Bitpace and seamlessly integrate their advanced payment system into your platform. Elevate your online casino experience today.