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The gaming industry is trending upward as more players get in the game and more companies enter the competitive market.
Operating an online gaming business means making the right decisions to attract, convert, and retain players. But one of the most important choices is how you’ll enable your players to add and withdraw money from their accounts.
This post explains the types of gaming payments and the most popular payment processing options in the industry.
There are several different ways for gaming players to add funds to and withdraw from their accounts. Successful gaming companies offer players flexibility, accessibility, and transparency in their money—keep that in mind when you’re reviewing payment types.
Below are the most common types of gaming payments:
Online bank transfers allow players to directly transfer money from their bank account to their in-game account and vice versa. Real-time payment networks enable instant funding and withdrawal, so players can get in the game and cash out winnings whenever they like.
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Credit and debit cards, such as Visa and Mastercard, are among the most popular payment methods globally. They allow instant deposits into gaming accounts.
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Digital wallets like Apple Pay, Google Pay, PayPal, Skrill, and Neteller, provide a secure and convenient way to store and use funds online without exposing bank or card details to third parties.
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Cryptocurrencies like Bitcoin, Ethereum, and Litecoin offer a decentralized payment method. Transactions are recorded on a blockchain, ensuring transparency and security.
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Takeaway: Bank transfer payment systems are the fastest and easiest way for gamers to fund and withdraw money from their accounts. They’re also reliable and more affordable for gaming operators than other payment methods. Every online gaming company should offer online bank transfers.
The gaming industry is more highly regulated than traditional businesses. Because of these regulations, not every payment processor will work for your gaming business.
Before you choose a gaming payment platform, keep these tips in mind:
Below are the most common gaming payment processors:
Aeropay offers online bank transfer solutions for the gaming industry, partnering with notable companies like PrizePicks.
Aeropay’s secure payment solutions are easy for gaming companies to implement. And they help businesses stand out from the competition by offering instant pay-in and payout options for players—creating the ultimate gaming experience.
Other notable Aeropay benefits for gaming include:
Trustly bank transfers help gaming players fund and deposit their accounts directly from their bank. Essentially, money is moved between merchants and gamers via Trustly online banking payments (as long as it’s via Trustly supported banks).
Trustly is known for handling ACH return fees by offering “guaranteed” ACH payments. Some providers offer guaranteed ACH payment methods to protect against ACH returns (chargebacks for bank transfers), essentially “guaranteeing” a customer’s ACH payment.
Comparison: Aeropay vs. Trustly
Aeropay takes a different approach than most when it comes to gaming payments, particularly as it relates to risk precision and fraud prevention. Instead of the broad concept of Trustly’s “guaranteed” payments, Aeropay’s AI/ML risk model is designed in-house using dozens of evolving influencing parameters, taking advantage of the billions of transactions on our platform, user-specific risk, historic decline patterns, and merchant/industry behaviors to maximize acceptance rates and highly target returns.
Aeropay also leverages an integrated fraud prevention approach that eliminates gaps, preventing bad actors. We ensure swift detection and immediate action, minimizing any potential costly play time.
Mazooma (now acquired by Nuvei) is an online payment method in the US that processes payments and withdrawals via the US-based ACH (automated clearing house) network.
Nuvei offers various alternative payment methods for industries like gaming.
Comparison: Aeropay vs. Mazooma
When comparing Aeropay and Mazooma, it’s important to note Aeropay’s enhanced user experience and customizable features through seamless direct bank connections via Aerosync.
Aeropay also boasts an in-house risk and return ML model. Our dedicated risk and payment operations team partners directly with merchants to resolve issues and prevent fraud.
Paysafe is another payment solution in the gaming space. It offers a variety of payment solutions, including cards, wallets, eCash, APMs, Crypto, and more.
Aeropay is more than a payment processor; we’re a partner. Our customizable and tailor-made online banking payment solutions help gaming businesses step into the future and drive higher player acquisition and retention.
Learn why Aeropay is the trusted solution for online gaming giants like PrizePicks by booking a demo with our team today.
Seeing is believing and we're ready to show you how we help people move money.
Schedule nowWe’re happy to show you our full payments solution and put the best bank-to-bank transfers to work for your business.
We’re happy to show you our full payments solution and put the best bank-to-bank transfers to work for your business.
We'll talk about your big ideas and how payments can support your vision.
We’re happy to show you our full payments solution and put the best bank-to-bank transfers to work for your business.