Paybis Send: A Practical Solution for the Potential $153 Billion iGaming Industry

The new solution enables secure, borderless, and cost-effective crypto payouts for iGaming operators.

Paybis, a crypto exchange founded in 2014, has launched Paybis Send, a solution designed for iGaming, forex, and PSP businesses, to name a few. The product, built with small to large-scale iGaming platforms in mind, seeks to make crypto payouts smooth, secure, and affordable.

The iGaming industry is growing fast, expected to reach $153.57 billion by 2030 with a steady 11.7% annual growth rate, according to data from Grand View Research. While businesses aim to enter the industry, several payment and compliance hurdles block the way.

Unlike in the 1990s, when online gambling started to grab attention, nowadays, users want more than just a good game — they expect quick payouts, increased privacy, and the ability to cash out seamlessly anywhere without restrictions.

Interestingly, crypto addresses many of these demands effectively, and Paybis Send gives operators a simple way to tackle the issues of the iGaming sector.

With instant mass payouts at fair rates, no hidden costs, and reduced risks, Paybis Send could be described as a practical choice for both players and operators. Covering some of the leading cryptocurrencies — Bitcoin, Tether, TON, USDT, and USD Coin — across over 140 countries, Paybis Send is on track to improve payment management in the iGaming industry.

As online players push for cryptocurrency withdrawals for their winnings, Paybis Send steps in to meet that demand. It handles common industry challenges, including compliance issues and high fees. According to an October 2024 report by Sprinto, 90% of compliance leaders expect compliance costs to jump by 30% soon, potentially impacting businesses. Paybis Send addresses this by offering a transparent and compliant method for processing winnings and settlements.

Why Use Paybis Send?

Paybis Send makes it easier than ever for businesses to manage global payments, from rewarding users and settling with partners to paying affiliates. It’s built for speed, scale, and simplicity.

With Paybis Send, companies can handle payouts in leading crypto assets like BTC, USDT, USDC, and TON, send funds globally, receive deposits directly into their accounts and seamlessly accept B2B payments via SEPA, SWIFT, or FPS in EUR and GBP — all from a single platform. The API is designed to plug right into their existing systems, so there’s no need to rebuild the whole infrastructure from scratch.

One of the key features is the option to get a dedicated IBAN — an International Bank Account Number — in the company’s name. This means that the business can accept B2B fiat payments without opening a traditional bank account. Incoming funds are instantly credited to their Paybis fiat balance, ready to be manually or automatically converted to cryptocurrencies or stablecoins, based on the company’s needs.

Traditional bank transfers can take days and sometimes even be very costly, especially when operating across borders. Paybis changes that. It enables instant transactions, with lower costs, and zero geographical limitations — acting as a game-changer for businesses dealing with global clients or partners in underserved regions.

Most notably, Paybis is fully licensed and handles regulatory requirements, so businesses can scale their operations without getting buried in paperwork.

Paybis gives the full control to its users, whether they’re paying the winners, affiliates, or even global partners. Its API can automate payouts, or allow the user to manually manage crypto conversions, and streamline financial operations from a single and easy-to-use dashboard.

How Does Paybis Send Work

Here’s a simple step-by-step process of using Paybis Send:

• Dedicated IBAN — Paybis issues dedicated IBANs in your company’s name or for your partners within three business days. This will allow businesses to make seamless settlements.
• Pre-funding the account — Incoming transfers to the IBAN are automatically credited to your pre-funded balance. You can also top up the account directly in USD or EUR.
• Payouts — Once the account has been funded, the balance can be used for instant crypto or stablecoin payouts via API or the manual dashboard.

Paybis Send allows iGaming operators to easily offer crypto payouts to their customers. It also creates opportunities for extra revenue through partner transaction markups.

According to a Thomson Reuters survey in 2023, 70% of compliance experts see technology as the answer to rising costs and complexity. Paybis Send backs that up, as it turns a challenge into a strength for operators.

Paybis Send is a classic representation of where iGaming payments are heading. Secure, fast, borderless, and easy to use, it takes the stress out of crypto transactions with its intuitive interface.

As the industry races toward $112 billion this year, operators leveraging Paybis Send are well-positioned to enhance their competitiveness and meet evolving player expectations. Players want compliance, speed, and flexibility, and Paybis Send delivers all three.