GBC Time has interviewed – Jelizaveta Šapiro, Sales Manager at Slotegrator. We talked about Moneygrator solution, its capabilities and benefits, as well as popular GEOs among merchants and increasingly popular payment methods
Please tell us more about your Moneygrator solution. How long has it been on the market?
We developed and launched Moneygrator in 2018, when it became clear that the comprehensive solution for online casinos that we aimed for requires a quick and easy way to integrate payment methods suitable for every particular market of operation.
Moneygrator is a solution that aggregates over 150 payment options for every request, including more than 150 currencies and 100 cryptocurrencies from 30+ payment providers. Integrating right payment options is crucial for player acquisition because the audience of every specific country has its own habits, legal rules, and financial opportunities, and our task is to provide them with a way to deposit and withdraw safely.
We also offer a back office with statistics and transaction history for easy tracking. Another feature that stands out is seamless switching between payment processors in case of transaction failure.
How does the integration process work, either directly with you or with the payment provider?
The main advantage of working with us is simplicity. Slotegrator is a developer and aggregator, in the case of Monegrator it’s one session of integration for all systems.
Basically, operators sign one contract with us avoiding paperwork and a bunch of contracts with every provider. This contract is followed by a single integration session — on the operator’s side it’s a quick process. All payment methods and currencies are available after integration, and the only thing that an operator needs to decide is which methods are the most popular or allowed in the market of operation.
The process is simple: operators fill the form describing their request, signs an agreement, gets a demo version to test the solution, then Moneygrator is integrated into the platform.
At which GEOs do you currently offer payment solutions for? What payment methods can merchants use to contact you (Credit Cards, APM’s, Banking, crypto onramp etc.)?
We are proud to offer an advantage of worldwide coverage. Moneygrator supports every region depending on operators’ needs. Talking about payment methods, we are also able to meet clients’ requests — Moneygrator offers all payment methods to cater all players.
As crypto solutions become increasingly popular, it’s important to highlight that operators are focusing on developing more innovative and seamless projects. There is a significant amount of collaboration with startups in the Web3 space, making cryptocurrency one of the most attractive solutions. Operators are actively seeking the best options from both, technical and economic perspective.
From your experience, which GEOs are now becoming more popular at merchants and what methods are they actively looking for?
Latin America is one of the most popular requests at the moment — it is developing fast, many new brands enter the market, and there are specific local payment methods that we are able to offer with Moneygrator. We often receive requests for payment systems in this region.
What can you tell us about the gaining more and more popularity – Open banking solution?
Open banking is becoming a new trend because it can be used as a tool for responsible gambling, which is one of the main focuses in iGaming. The industry promotes player protection and measures of detecting and exclusion of vulnerable groups, and financial history of potential users is among the most important aspects of verification.
Gambling companies do affordability checks to find out if players have the money to play, and open banking helps to check, among other things, whether there are loans or destructive spending behavior in a player’s history. Such a quick verification of financial situation is, of course, popular in iGaming, it can be beneficial for combatting problem gambling and player protection as well as contribute to anti money laundering measures and fraudulent activity detection.
How difficult is it for merchants with offshore licenses such as Anjouan or Curacao to get the Open Banking solution?
It’s possible to get an open banking solution in various markets under different licenses, however documentation requirements can vary depending on each payment system provider. We recommend you to contact us and consult on every particular case to see what’s better.
Perhaps you also have partners who offer Open Banking solution? Merchants can be contacted with you for the following request?
Moneygrator offers the open banking solution among its services, operators can contact our team to get a free consultation and find out what payment methods and currencies are the most suitable for their particular project taking into account their market and audience, as well as to know more about open banking integration.
Read More: Open Banking for Gambling
