INOVAPAY Payment Solution

History

INOVAPAY was founded in 2018 by Flexe Payments, a company headquartered in Melbourne, Australia. It holds a license from the Australian Securities and Investments Commission.
Inovapay logo
It is a fast-growing payment solution provider with a clear focus on the Latin American markets. This innovative method enables international merchants to transact with customers using the most effective local payments and currencies. Flexe Payments is also located in Malta, one of the central hubs of the iGaming industry.

Pros and Cons

INOVAPAY is a new company that’s already carving up a portion of the market thanks to several key advantages it offers. Let’s take a look at those, as well as some areas where they could use some improvement.

Pros

  • Three payment solutions
  • Licensed and regulated
  • Available in multiple countries
  • Supports deposits and withdrawals

Cons

  • Transaction fees, including inactivity fees

How to Use INOVAPAY in Online Casinos

As mentioned above, INOVAPAY has three payment options to offer:
  1. INOVAPAY. gateway — A direct integration of INOVAPAY through SoftGamings’ unified API;
  2. INOVAPAY. wallet — An eWallet used to transfer money to and from online casinos;
  3. INOVAPAY. pin — An online prepaid voucher.
Players who use INOVAPAY can opt for two methods of payment — eWallet and online prepaid voucher. The eWallet functions like any other digital payment system: you type in your login credentials into the INOVAPAY gateway when redirected to verify the transfer. On the other hand, to make a payment using the prepaid voucher, you need to enter a unique 16-digit PIN.

A new product from INOVAPAY is on the way, too — a prepaid debit card that will be connected to your eWallet and provide direct access to your funds.

Regions

INOVAPAY is mainly focused on the Latin America region (specifically on countries like Brazil), where the iGaming industry is on the rise.

Payment Methods

INOVAPAY has a full-fledged eWallet that players use to make deposits and withdrawals. With it, they can also purchase a prepaid voucher from INOVAPAY for an extra layer of security and improved anonymity.

The prepaid voucher contains a 16-digit PIN that players need to insert in the designated box when prompted by their casino. This way, users won’t have to disclose their personal data to operators.

Customer Support

Any potential issues about refunds, payments in general, or technical mishaps can be directed to INOVAPAY via email at info@INOVAPAY.com, and the customer support team will reply in a timely and orderly fashion.

Furthermore, all operators who integrate INOVAPAY via SoftGamings can count on our dedicated account management and customer service to handle all issues and provide the necessary assistance.

Security

INOVAPAY uses the latest encryption technology to protect all transactions and customer data. The company also complies with financial regulations involving anti-money laundering practices and Know-Your-Customer policies. The company is also in compliance with GDPR regulations as a data processor.

Licenses

INOVAPAY is a company founded in Victoria, Australia, with Australian Business Number 19 630 617 640, licensed to offer financial services by the Australian Securities and Investments Commission.

FAQ

Which licenses and regulations apply to INOVAPAY?

INOVAPAY holds a license from the Australian Securities and Investments Commission. It also possesses EMI licenses in the EU.

What are INOVAPAY’s main features?

INOVAPAY provides an eWallet as well as a prepaid voucher. Its eWallet boasts a user-friendly interface, fast processing times, and bank-grade security. It supports multiple currencies and funding methods in the Latin American markets.

Are there any fees associated with INOVAPAY transactions?

Yes, INOVAPAY charges a small fee for funding the eWallet. The amount depends on the region and the size of the transaction.