Payment systems are often one of the key factors when selecting a casino to play in. For example, your client lives in Ukraine and uses Webmoney for online payments. When choosing a gaming platform, that person will obviously lean toward establishments with Webmoney available. Now, what is the total amount of lost profit if we have tens or hundreds of players passed by your casino?
After reading the first paragraph, you have probably realized how important payment methods are. Moreover, depending on your casino’s regional coverage, there may be several dozens of payment systems accessible. For instance, such commonly used solutions as Visa and Mastercard are unavailable in some countries, and to cover certain regions you will have to implement local credit and debit card solutions (e.g. Verve for Nigerian clients).
It would also be a good solution to specify Min/Max limits for every payment system—this is especially important for those who would like to deposit or withdraw only a small amount. Before making a payment, a player must be certain that the casino is able to process the money and credit it to their account.
Online casinos that want to earn a good reputation should clearly state maximum withdrawal limits as well as all the subtle aspects. Notice that in well-known online communities, such as Casinomeister or Askgamblers, most complaints involve funds withdrawals, and vague wording is usually the reason.
For example, some casinos use this kind of scheme: a withdrawal limit of $10.000 per day (quite decent money) is specified, and there is a small disclaimer stating that a withdrawal amount cannot exceed five times a total sum of deposits from the moment of registration. That means, if a player manages to win $5000 in a casino where they deposited $200, they may request only $1000 for withdrawal. In order to avoid customer dissatisfaction which would lead to reputation loss, you should unambiguously and in plain language specify all the details regarding the payment systems.