10 Best Payment Gateways for Online Gaming

What are the 10 best Payment Gateways for Online Gaming?

1. Skrill
2. Paysafe
3. Worldpay
4. Adyen
5. Neteller
6. PayPal
7. Trustly
8. AstroPay
9. Genome
10. Neosurf

10 Best Payment Gateways for Online Gaming

Let’s now discuss 10 cheapest payment gateways for online gaming now (randomly arranged) below:

1. Skrill

Features:

• Offers a digital wallet that enables users to send and receive money globally.
• Manage funds in over 40 currencies, and make online purchases securely.
• It supports prepaid Mastercard integration, cryptocurrency trading, loyalty rewards, and facilitates payments across various online platforms and services.

Pricing:

• Free Transactions: 1) Paying a merchant directly from your Skrill wallet. 2) Receive money from your Skrill account. 3) Sending money to an international bank account with Skrill Money Transfer 
• Standard Transaction Fee is typically around 1.45% – 5.50% of the transfer amount.
• Currency Conversion: Fees may range from 3.99% to 4.99% for converting funds between currencies.
• No service fee applies as long as you log in or make a transaction at least once every 6 months.

Documentations Required:

• Must register for a Skrill Business account and complete a verification process.
• Business registration details.
• Identification documents for key personnel.
• Compliance with Skrill’s regulatory and security standards for financial services.

2. Paysafe

Features:

• Offers a digital wallet (Neteller and Skrill) facilitating global money transfers.
• Supports prepaid Mastercard integration, cryptocurrency trading, and loyalty rewards.
• Enables secure online purchases and payments across various platforms.

Pricing:

• Free transactions: Paying merchants directly, receiving money, and using Skrill Money Transfer.
• Transaction fees typically range from 1.45% to 5.50%.
• Currency conversion fees vary from 3.99% to 4.99%.
• No service fee with activity at least once every 6 months.

Documentations Required:

• Register for a PaySafe Business account and complete verification.
• Provide business registration details.
• Submit identification documents for key personnel.
• Comply with PaySafe’s regulatory and security standards.

3. Worldpay

Features:

• Payment Methods: Supports all major credit and debit cards, mobile payments, and digital wallets. 
• Security: PCI-DSS compliance, data encryption, and fraud protection measures.
• Integration Options: Provides APIs and pre-built plugins for eCommerce platforms.
• Customer Support: Available via phone, email, and online help center (not 24/7).
• Processes transactions in over 126 currencies, facilitating international sales.

PricingSetup Fee: 

• No initial cost to set up an account.
• Monthly Fee: Variable, based on the package chosen (some packages may have a minimum monthly fee).
• Typically includes interchange fees (averaging around 1.5% to 3%) plus a processing fee (around $0.10 to $0.30 per transaction).
• Currency Conversion Fee: 2.75% for currency conversion.

Documentations Required:

• Register for a Worldpay merchant account and complete verification.
• Provide business registration details.
• Submit identification documents for key personnel.
• Compliance with Worldpay’s regulatory and security standards for financial transactions.

4. Adyen

Features:

• Supports payments in 35 countries and payouts in 15 currencies
• Offers a wide range of payment methods including credit/debit cards, digital wallets, and regional options
• Provides split payments for commissions and fees
• Allows delayed payouts
• Implements advanced security and fraud prevention tools
• Complies with regulations like PSD2 SCA, KYC, AML, and data privacy laws

Pricing:

• Transaction fees vary depending on the payment method and transaction volume.
• Includes a processing fee typically ranging from 0.5% to 1% per transaction, with additional fees for certain payment methods and regions.
• Handles annual payment volumes exceeding €350 billion (as of the latest fiscal year).

Documentations Required:

• Register for an Adyen merchant account and complete verification.
• Provide business registration details.
• Submit identification documents for key personnel.
• Adhere to Adyen’s compliance standards for financial transactions and security.

5. Neteller

Features:

• Supports payments in over 200 countries and 15 languages
• Offers 100+ payment options with a single integration
• Supports transactions in over 20 currencies and provides prepaid Mastercard integration for convenient payments.
• Facilitates cryptocurrency trading, loyalty rewards, and secure online purchases.
• Implements robust security measures and complies with regulations

Pricing:

• Free transactions: Sending money to merchants, receiving money, and internal transfers between Neteller accounts.
• Transaction fees typically range from 1.45% to 5.50% for deposits and withdrawals.
• Currency conversion fees may apply, ranging from 3.99% to 4.99% for converting funds between currencies.

Documentations Required:

• Register for a Neteller account and complete verification.
• Provide personal identification documents such as a government-issued ID (passport, driver’s license).
• Compliance with Neteller’s regulatory and security standards for financial transactions.

6. Paypal

Features:

1. Global Payments: available across 200+ countries and regions, supporting over 25 currencies.
2. Integrates well with e-commerce platforms like Shopify, WooCommerce, and eBay.
3. Offers purchase protection and fraud prevention for both buyers and sellers.
4. PayPal’s mobile app lets users manage their accounts, make payments, and send money directly from their phones.
5. Supports automatic billing, subscriptions, and payment plans for services and products.

Pricing:

1. Free Transactions: It does not charge for sending or receiving any money. 
2. Standard Domestic Transactions: Typically 2.9% + a fixed fee based on the currency received.
3. Standard International Transactions: Typically 4.4% + a fixed fee, depending on the currency received.
4. Currency Conversion Fees: 2.5% to 4% above the exchange rate for currency conversions.
5. No Service Fees: No fee for maintaining an account, as long as there are no transactions.

Documentation Required:

1. For Personal Account: Requires personal identification, including a government-issued ID (driver’s license or passport).
2. Business Account: Business registration details (for businesses registered with tax authorities), Proof of identity for the account owner and any key personnel, and Business tax identification number (TIN) or Employer Identification Number (EIN).
3. Compliance: Must meet PayPal’s regulatory and security standards, including KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations.
4. Verification Process: May include providing additional documents or information to verify your identity or business operations.

7. Trustly

Features:

1. Direct Bank Payments: Allows users to make secure payments directly from their bank accounts without the need for credit cards.
2. Global Reach: Available in multiple countries, enabling cross-border transactions.
3. Instant Transfers: Facilitates real-time bank transfers for payments and withdrawals.
4. E-commerce & Gaming Integration: Widely used in online retail, gaming, and financial services for seamless checkout.
5. Secure & Transparent: Provides a secure and transparent transaction process with no hidden fees.

Pricing:

1. Transaction Fees: Typically 1.00% – 2.50% per transaction, depending on the merchant and country.
2. Currency Conversion Fees: Around 2.00% – 3.00% for cross-border payments.
3. No Service Fees: No maintenance or subscription fees for users.

Documentation Required:

1. Account Verification: Users may need to verify their identity for high-value transactions.
2. Business Registration: For merchants, registration and KYC documentation are required.
3. Compliance: Must comply with local financial regulations (KYC, AML).

8. AstroPay

Features:

1. Allows users to make secure online payments with prepaid cards in multiple currencies.
2. Global Reach: Available in over 40 countries, supporting payments across various industries including e-commerce and gaming.
3. Enables users to load funds quickly via local payment methods.
4. Users can hold balances in multiple currencies and make international transactions easily.

Pricing:

1. Transaction Fees: Fees typically range from 1.5% to 3% per transaction, depending on the method and country.
2. Currency Conversion Fees: Around 3% for currency conversion.
3. No Monthly Fees: No maintenance fees for users.

Documentation Required:

1. Account Verification: Users may need to provide ID verification for higher transaction amounts.
2. KYC Compliance: Users must comply with Know Your Customer (KYC) regulations for security.
3. Merchant Verification: Businesses need to provide registration and KYC documents to use AstroPay for payments.

9. Genome

Features:

1. Offers multi-currency accounts, payments, and card services for businesses and individuals.
2. Facilitates international transfers with competitive rates and low fees.
3. Provides API access for businesses to integrate banking services into their platforms.
4. Users can get both virtual and physical cards for online and in-person purchases.

Pricing:

1. No setup fee for personal accounts, but business accounts may have an initial fee.
2. Typically 1% – 2% transactional fees for international transfers, depending on the currency.
3. Around 1.5% – 2.5% for currency conversions.
4. Personal accounts are free; and business accounts may have a monthly fee, depending on the plan.

Documentation Required:

1. Personal Account: ID verification (passport, driver’s license).
2. Business Account: Business registration details, tax ID, KYC for key personnel.
3. Compliance: Must comply with regulatory standards (KYC, AML).

10. Neosurf

Features:

1. Allows users to make online payments with prepaid vouchers available in physical and digital formats.
2. Accepted by thousands of online merchants, especially in gaming, e-commerce, and entertainment.
3. Enables secure and anonymous online transactions without the need for bank details or credit cards.
4. Available in multiple currencies, including EUR, GBP, and USD, for global payments.

Pricing:

1. Typically 2% – 5% voucher purchase fees depending on the amount and point of purchase.
2. No fees for transactions; only a fee when purchasing the voucher.
3. Currency Conversion Fees may apply for cross-border transactions, typically around 3%.

Documentation Required:

1. No registration needed for users; just purchase a voucher.
2. KYC for Higher Limits: Users may need to provide ID verification for higher-value transactions or withdrawals.

Below is an elaborated comparison chart on the pros and cons of payment gateways for gaming:

Feature Comparison for these Payment Gateways:

Factors to Keep in Mind While Choosing Gaming Payment Gateway

1. Fees & Pricing: Compare transaction fees, setup costs, and currency conversion fees to optimize profit margins.
2. Security Features: Making sure to Include robust encryption, PCI DSS compliance, and advanced fraud detection features to protect transactions. 
3. Ease of Integration and Compatibility: Choosing gateways with well-documented APIs and SDKs that easily merge with your gaming platform.
4. Customer Support: Opt for providers offering 24/7 support with quick response times to resolve issues promptly. This is the backbone, which keeps the skeleton in place. 
5. Currencies Permit: Select gateways supporting multiple currencies to cater to a global player base and minimize conversion costs.
6. Geographical Coverage: Ensure the gateway supports regions where your players reside, offering local payment methods for higher conversion rates.
7. Transaction Limits: Verify if the gateway supports transaction volumes typical for your gaming platform, especially for microtransactions.
8. Onboarding Timeline: Evaluate the time taken for setup and activation to minimize downtime and start processing payments swiftly.
9. Settlement Duration: Consider gateways offering fast settlement times to improve cash flow and operational efficiency.
10. Reputation and Reliability: Research provider reputation, reliability, and reviews from other gaming businesses for trustworthiness.
11. Reporting and Analytics: Choose gateways providing comprehensive reporting tools to monitor transactions, analyze trends, and optimize financial strategies.

Technologies Used for Gaming Payment Gateways

Here we are throwing light on the technologies used for the payment gateways for gaming:

• Encryption: Think of encryption as a digital lock on your data. Protocols such as SSL (Secure Sockets Layer) and TLS (Transport Layer Security) act like this lock, safeguarding sensitive information from unauthorized access.
• Tokenization: What this does is it replaces sensitive payment information with a unique identifier (token), that is entered during the transaction. Here, data is not stored, which prevents data breaches. 
• APIs (Application Programming Interfaces): The merging guru, as we like to call them. These take all the burden for integrating the payment gateways into the websites, mobile applications, or PoS systems, the channel of communication between the source and the terminal point. 
• Payment Card Industry Data Security Standard (PCI DSS): Pretty Crucial! It defines the standards for storing and handling of sensitive data; by establishing standards for secure network architecture, encryption, access control, and regular security testing.
• Fraud Detection and Prevention Algorithm: Using algorithms to detect any fraudulent activity; by monitoring the transactions  in real time, employing machine learning tools and pattern recognition to spot any suspicious activity. 
• Payment Protocols: Gateways support various payment protocols such as credit/debit card transactions (Visa, Mastercard, American Express, etc.), e-wallet payments (PayPal, Apple Pay, Google Pay), bank transfers (ACH, SEPA), and alternative payment methods (Alipay, WeChat Pay).
• Cloud Infrastructure: Used to improve the scalability, reliability, and performance. Cloud-based solutions can handle fluctuations in transaction volumes and provide high availability.

Payment Gateway Infrastructure

Why Choose ScaleupAlly for Your Payment Gateway Integration?

If you are confused between what online payment gateway to choose, remember to evaluate the features, pricing, and compatibility with your current systems before making a decision.

With the right payment gateway, you will be enhancing the reputation and reliability of your gaming product in the market, which can provide your customers with a seamless and secure payment experience while keeping your costs in check.

At ScaleupAlly, we own the expertise in finding the perfect online gaming payment gateway solutions for your business. Contact us now to discover how we can help you choose a cost-effective gateway that aligns with your gaming adventure.

Wrapping Up

Online gaming payment gateways are simultaneously refining as we go along this technological journey, with AI arriving at our doorways, knocking with exciting opportunities, it is yet to be seen how the technological advancement of Artificial Intelligence be put to good use in online payment gateways.

For now, AI is evening out the repeated processes by automating them, recognising patterns & enabling the extraction of key fields from invoices & payment documentations using OCR (Optical Character Recognition) & NLP (Natural language processing).

As online payments rise, technology will address these needs, with more efficient and sophisticated systems.