If you own an online crypto casino, or any other gambling platform that requires you to accept payments, this piece is for you.
Cryptocurrencies aren’t as anonymous as they’re often marketed to be. They’re more anonymous than fiat, but proper analysis can still be pretty revealing.
The problem is bigger for online crypto casinos or other platforms that need to accept cryptocurrency payments.
This article will briefly discuss the issues, as well as how to receive anonymous gambling payment that can help you avoid said issues.
Table of Contents
Why you need an anonymous, privacy-friendly payment gateway?
Gambling, and especially crypto gambling is heavily monitored and inspected. As a result, you’re always under the constant radar of govt. authorities, anti-money laundering teams and other such parties.
KYC/AML requirements further complicate things as you’d need to disclose your client information, wallet information and a lot more when demanded by authorities.
Lastly, with a non-anonymous payment gateway, your primary wallet stays exposed. This gives third-parties proper hold and control over your funds.
An anonymous payment gateway solves exactly these problems.
What are anonymous payment gateways and how to choose a good gateway?
As the name suggests, these are payment gateways that let you receive money for your casino, without revealing your original wallet.
The client never sees your wallet, and you never see the client. The client/customer sends money to the payment processor which then forwards the funds to your wallet.
This helps both parties remain anonymous while also being able to validate transactions and their authenticity.
A good payment gateway will also let you store data privately on your server! This is different from normal gateways which use their own servers for data storage.
Some really good payment gateways are also capable of identifying risky funds. This ensures your primary wallet remains clean and risky funds never reach your wallet in the first place.
Of course this doesn’t mean the gateway bypasses any rules or regulations. These gateways are fully compliant with all legal requirements.
How it helps protect users?
Payment gateways aren’t just for the casinos. They’re also massively helpful for your clients. For starters, your customers know their name and other financial details are protected. This helps build trust. They also feel more comfortable making payments knowing there’s no third-party snooping possible.
Also, these payment gateways are often very secure. They have to be for the added anonymity that they claim to offer. This added security of course makes sure their funds are secure.
Conclusion
In conclusion, I’d say that an anonymous payment gateway has two fold benefits. It serves both the platform as well as the clients.
It’s a legal way to avoid legal problems, perfect, isn’t it? Just look at the points I’ve discussed which let you pick a good payment gateway and you’re set.
Do note that this doesn’t mean you should do anything that’s illegal. Your coins, crypto, and their history can still be traced. This guide should in no way be used to launder money or any other illegal activity.
