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How payment methods for online casinos has changed in the past decade

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How payment methods for online casinos has changed in the past decade
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Financial operations have always been one of the key elements of the online and land based gaming industry, and in our current days, the two are driving innovation together.

If you have been an active player in the early 2000s, you must remember how depositing and withdrawing from an online casino or sportsbook has changed.

While there are now more effective and hassle free KYC processes when it comes to depositing, the withdraw process has been also made more user friendly.

I remember that back in 2014-2015, you had to wait around 48 hours to receive your withdraws from certain operators.

The impact of payment options on player onboarding, retention and safeguards has been heavily researched by payment providers and with the help of operators the process has been mind as seamless as possible.

Every player wants “to be paid” as fast as possible when they play and win. And why not, we live in a time when everything is moving fast. Many studies have shown that it is one of the worst experiences when a player has to wait days to get their winnings payout to them.

This is why Same Day Payouts and Instant Withdrawals have been implemented in many online casinos.

Here comes the fun part of things, instant withdrawal through Bitcoin.

There is no doubt that Bitcoin is now here to stay and some online gaming operators have long been using the cryptocurrency as an asset in their operations to drive more players.

Bitcoin has revolutionized the way online casino players can make deposits and withdrawals at online casinos, as it was a bit of a hassle as many e-wallets and financial institutions didn’t want to process payment coming from gambling sites because of legal reasons.

Cryptocurrencies has also become a game changer in the UK gambling sector. In 2020, the UK Gambling Commission has banned the use of credit cards by players as well as accepted by operators in the online gambling sector. This decision gave a boost for the use of cryptocurrencies by operator.

The use and integration of cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) in online gambling websites has vastly improved the process for operators and gaming experience for players. Thanks to their unique and user-friendly characteristics, cryptocurrency provide payment transactions that are better and even safer compared to credit cards.

Other than fast withdrawals, players get to appreciate the small fees required for every withdrawal transaction. Their cashouts then go straight to their designated wallet addresses, which also highlight anonymity and security.

Fintech companies have received a huge boost during the lockdowns and it’s safe to say that each region is now slowly beginning to have a favorite payment provider. Whenever we are talking about the USA, Europe or Asia.

Just as an example, Quickbit is very popular in Norway, thanks to their mission of making the use of cryptocurrency simple, fast and available to anyone.

Each Fintech company has contributed to a better future and it seems that we are just a couple of years from living in a cashless society.b

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7-Eleven selects Jackpot.com as their official lottery partner

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Online Lottery Courier Service Jackpot.com Announces Exclusive Collaboration with 7-Eleven, Inc.

Jackpot.com will serve as the official lottery courier service of 7-Eleven, Inc., initially launching in Ohio and Massachusetts  

Jackpot.com – the online lottery courier service that allows consumers to purchase official state lottery tickets on their phone, tablet, or computer – announced today an exclusive collaboration with 7-Eleven Inc., the largest convenience store chain in the world, to serve as their official lottery courier service.

As part of the collaboration, 7-Eleven customers in Ohio and Massachusetts will be able to sign up and play lottery games and scratchers on the Jackpot.com app or website. The program will initially be launched in over 600 7-Eleven and Speedway stores in Ohio and Massachusetts, with a special launch promotion that gives 7-Eleven customers a free lottery ticket on their first deposit by using promo code, “7Eleven”.

“We’re thrilled to work with 7-Eleven, the leading retailer of lottery tickets in the country,” said Akshay Khanna, CEO and co-founder of Jackpot.com. “Leveraging our technology and innovation, we can provide additional convenience for their customers, while adding an additional source of revenue. A true win-win relationship for all.”

By launching in Ohio and Massachusetts in 2023 and 2024, respectively, Jackpot.com aims at adding another avenue for player convenience with one of the most widely recognized brands in the convenience-retailing space. With a presence in Ohio, the nation’s seventh-largest lottery market, and Massachusetts, whose state lottery produced $1.2 billion in net profit for the Commonwealth during the 2024 fiscal year, Jackpot.com’s collaboration with 7-Eleven represents an added layer of accessibility for players.

Jackpot.com remains committed to responsible play and has significantly invested in protocols by allowing customers of legal age to set spend limits and limits on daily deposits, all while providing access to local and national responsible gambling resources, self-exclusion, self-suspension and automated notifications that offer help should problematic behavior be detected. Jackpot.com is also the only lottery courier service to launch with an iCap certification from the National Council on Problem Gambling.

To learn more, visit jackpot.com. First-time users can also download the official Jackpot.com Lottery App on the iOS or Android App Stores, where available.

 

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eSports

The World Esports Summit 2024 Is Here!

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The IESF World Esports Summit returns this December to Busan, South Korea. Hosted at the Busan Esports Arena (BRENA) from December 5-6, the Summit will bring together prominent figures from Esports, global brands, government officials, and sports executives for a deep dive into the current Esports trends, its rapid transformations, and future challenges.

This year’s theme, “Building Bridges, Not Barriers, Through the Power of Esports,” will highlight the role of Esports in uniting cultures, ideas, and industries. Under the slogan “We Empower Success,” the

Summit provides a great platform for Esports experts to engage in meaningful discussions and sessions, sharing their insights on trends and presenting forward-looking ideas for our industry.

The event, strategically timed at the close of the competitive season, presents a perfect environment for reflection on the year’s biggest events, industry shifts, and the next steps for Esports. Attendees can follow the expert’s perspectives on topics like:

  • (R)Evolution in Esports
  • East Meets West
  • Esports Integrity: The Role of Referees
  • The Rise of International Esports Competitions
  • (In Korean) Korea’s Secret Sauce etc.

Also, featured at this year’s event are the IESF World Esports Training Camp and the World Esports Referee Academy.

These are very important IESF programs that are aimed at advancing the skills and professional standards of the next generation of Esports leaders.

Join us in Busan for two days designed to inspire, connect, and empower the international Esports community.

Registration for the World Esports Summit is free and open to all interested attendees.

To register, please complete our online registration form: iesf.formstack.com/forms/wes2024_participation_registration

See you in Busan!

 

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eSports

Akhil Sarin CMO at Easygo named as key note at ICE Esports Conference

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Clarion Gaming has confirmed that Akhil Sarin CMO at Easygo, the technology powerhouse behind the success of global brands Stake and Kick will headline the Esports & Games Conference (EGC) taking place on 21 January as part of the ICE Barcelona experience.

As a key member of the executive team, Akhil Sarin has been instrumental in securing the high-profile partnerships that have accelerated Stake’s growth, including the Stake F1 team, UFC, Drake, and Premier League Everton FC.

Through these strategic alliances he has amplified Stake’s brand presence at the same time as creating unique, immersive player experiences, in the process setting new industry benchmarks.

Announcing the high profile speaker Will Harding, Head of Esports at Clarion Gaming said: “Securing Akhil Sarin as EGC  key note at ICE Barcelona represents a remarkable opportunity for our attendees to gain invaluable insight into cutting-edge strategies in digital and influencer marketing .

“Akhil’s expertise with Stake and Kick.com embodies the forward-thinking, innovative approach that defines the digital marketing landscapes. His participation underscores the calibre of knowledge-sharing that we are  committed to delivering at ICE and he is sure to both inspire our attendees and elevate their strategic perspective.” 

Looking ahead to ICE Barcelona, Akhil Sarin stated:  “Collaborating with Clarion Gaming at ICE Barcelona is an exciting opportunity to showcase Stake’s journey and continued focus on bold partnerships and creative marketing strategies that resonate with audiences.”

He added “The EGC is a vital platform for exchanging transformative ideas and shaping the future of gaming and entertainment. I look forward to discussing Stake’s vision and collaborating with industry leaders to inspire growth and innovation across the sector.”

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