In an era where digital transactions dominate the economic landscape, businesses seek reliable payment service providers to streamline their financial operations. GatewayPay, a dynamic player in the realm of online payment solutions in iGaming
GatewayPay distinguishes itself through its user-friendly interface, robust security features, and versatile payment options. From startups to established enterprises, businesses of all sizes can leverage Gateway Pay to facilitate seamless transactions with their customers.
Advantages
- One of GatewayPay.io’s standout features is its intuitive dashboard, designed to provide users with real-time insights into their financial activities. This transparency enables businesses to track transactions, monitor revenue streams, and make data-driven decisions with ease. Security is paramount in the digital payment ecosystem, and GatewayPay.io doesn’t disappoint in this regard. Employing advanced encryption protocols and stringent compliance measures, GatewayPay.io ensures that sensitive financial information remains safeguarded against cyber threats.
- High percentage of approval ratio. A high percentage of completed transactions for online casinos is rare, especially for regulated markets, in this case GatewayPay performs well (65%-70%)
- Fair rates. In the high risk processing there are many PSP’s which give extra charges rates and uncomfortable conditions for casinos with settlement cycle, extra fees etc. In this case Gateway Pay gives normal working conditions:
Rate: 9% -11% (depending on the processing region, casino license, jurisdictions, etc.)
Settlement time – T+10, Settlement fee: 1.5%
Settlement currency – USDT ERC20
RR – 10% and held for 180 Days
Monthly cost – N/A
Setup Fee – N/A
Other Fees – N/A
Refund fee – $20
CHB fee – $70
Acquirer bank location – UK and Africa
- Reliability and honesty. Probably the most important point in this article for everyone. The provider treats its responsibilities honestly and send settlements on time and in all agreed amounts
- Types of traffic and methods. GatewayPay have FTDs and Trusted both open, as well as VISA, Mastercard with processing currencies – GBP/USD. Which is very convenient for different types of traffic, geographies and makes them open in almost all GEOs
Disadvantages
- Working with primary traffic. Despite the fact that they have a good percentage of approval ratio. PSP is not very good at working with the primary traffic and working with chargebacks and refunds. Constantly sends requests to the casino for many transactions with demands to provide the client with full KYC which are often simply not are in some casinos especially with FTD traffic, which, with large volumes, makes your work with the provider a complete turmoil where you have to solve continuous problems of withdrawing money from users, which takes a lot of time and effort.
- Customer support. TheGatewayPay employs are slow in respond they are never in a hurry and constantly forget to fulfill the requests you are asked to do. Which again forces you to constantly remind them to receive reports of settlements and other important issues for the casino.
Conclusion
In summary, GatewayPay.io emerges as a top-tier, honest and reliable payment service provider, offering a comprehensive suite of features tailored to meet the diverse needs of modern iGaming businesses. But we recommend working with them for secondary or mixed traffic to avoid red tape with a large number of refunds and chargebacks and be patient when communicating with their customer support.
Read more: Top Gambling Payment Providers for Online Casinos
