iGaming Payment Systems Uncovered: Trends, Key Stats, and Insights from Lidiia Vakulenko, COO of Atlaslive

Lidiia Vakulenko, COO of Atlaslive, shares an in-depth look at payment systems in iGaming, exploring key trends, statistics, and insights that reveal both player preferences and what operators are looking for in a fast-changing market.

Opinion — With online payment options becoming more essential than ever, seamless, diverse payment methods are no longer optional, especially in the fast-paced iGaming world.

From sports betting and virtual sports to esports and casino games, today’s players prioritize easy deposits, rapid transactions, and a range of payment options that make betting as convenient as possible.

Leading iGaming platform developers go beyond delivering games and bonuses, focusing heavily on secure, versatile payment solutions. These providers recognize that engaging new markets means meeting the unique needs of operators and players across different regions.

This article dives into the landscape of payment systems within iGaming, examining trends and statistics to reveal what matters most to players and what operators need to succeed.

Atlaslive, a B2B software provider with a customizable Sportsbook platform, explains the benefits of its Payment Hub, designed to support operators and enhance player experiences.

The Variety of iGaming Payment Methods and Atlaslive’s Payment Hub

As iGaming continues to expand, projected to reach $583.69 billion by 2030, platforms must keep up by offering players a seamless experience, especially in payment options.

This is where payment providers step in, acting as the financial bridge between players and platforms, creating specialized systems to support these transactions. They ensure funds move accurately and securely, delivering the money exactly where it’s needed, when it’s needed.

Local preferences and regulations influence payment options as well. Atlaslive, with over 250 integrated payment methods, including cryptocurrencies, provides options tailored to multiple markets.

For example, in Brazil, PIX stands as a favored method due to its speed and security. Players simply use a QR code to make deposits or bets, with transactions protected by advanced encryption, adding convenience and security.

Atlaslive’s Payment Hub goes beyond a simple gateway. It connects operators with popular local payment options, backed by a dedicated team that integrates, updates, and optimizes systems across markets. This support extends from managing processes to providing comprehensive assistance to partners.

Additionally, Atlaslive invests in understanding player needs directly. Whether it’s quick deposits to secure bonuses or simple betting transactions during peak sports events, players want a streamlined experience. They expect minimal clicks, fast processing, and secure handling of their data and funds—priorities that Atlaslive meets by selecting robust, reliable payment options.

Millennial Gamers and the Rise of Cryptocurrency in iGaming Payments

The iGaming industry recognizes the importance of offering a variety of payment options to meet the needs of its diverse audience. Moving beyond traditional methods like credit cards and bank transfers, iGaming has embraced cryptocurrencies, showing a commitment to catering to players from all backgrounds.

Once a niche interest, cryptocurrency has become a mainstream option in iGaming. Many platforms now accept crypto, and this trend is steadily rising. With 55% of Millennial gamers holding cryptocurrency and 80% interested in using it for in-game purchases, the appeal of crypto is clear. Its speed, security, and ease of use make it a highly attractive alternative to traditional banking.

Atlaslive’s platform supports cryptocurrency for sports betting or casino deposits, enabling players to make secure, fast transactions if they prefer using crypto. Understanding the demand for crypto-based payments, we continue to innovate, ensuring our platform provides a secure, future-forward payment experience for our partners’ players.

What iGaming Operators Need in Payment Systems

Today’s iGaming operators have specific expectations for their payment systems. Fast, reliable transactions are essential, with operators aiming for 100% conversion rates and minimal delays. Broad coverage is also a priority; if there are five popular payment methods in a country, operators want all five available to their players.

Open APIs can greatly improve transaction speed, allowing players to instantly top up and operators to receive payments quickly, enhancing efficiency and streamlining financial processes.Operators value payment systems with open APIs because they support rapid transactions, quick deposits, flexible sign-ups, and high acceptance rates, delivering the seamless experience today’s iGaming platforms demand.

Atlaslive’s Payment Hub is a customizable, B2B solution tailored to operator needs. Personalization is crucial; operators can set specific limits, enable or disable options like deposits or cashiers with a single click, and customize conditions for different currencies, transaction sizes, and more. With Atlaslive’s technology, partners can configure payment settings to optimize player experience across games and markets.