Inpay Casino Payment Solution

History

Established in 2008 by distinguished entrepreneur Jacob Tackmann Thomsen, Inpay has emerged as a leading global payment provider, particularly catering to the iGaming industry. With its headquarters in Copenhagen, Denmark, the company has consistently expanded its international presence, offering a seamless, secure, and efficient payment experience for online casino operators in more than 100 countries worldwide.

In 2014, Inpay achieved a noteworthy milestone by obtaining its European Payment Institution license, thus bolstering its credibility and trustworthiness as a payments provider within the iGaming sphere. This accomplishment has permitted Inpay to extend its services across the European Economic Area (EEA) and fortify its status on the global market.

Inpay logo

To further augment its service offerings, Inpay acquired a UK-based payment provider Eurogiro in 2018. This strategic acquisition has enabled Inpay to diversify its product portfolio and broaden its clientele, particularly in the iGaming sector, thereby accelerating its growth trajectory.

In 2020, Inpay launched its state-of-the-art Global Payout API, a solution designed to facilitate online casino operators’ access to a comprehensive range of international payment services. This development underscores Inpay’s commitment to delivering advanced, user-friendly, and secure payment solutions to its iGaming clients.

Inpay’s unwavering focus on security and compliance ensures the integrity and safety of its services for online casino operators. With a remarkable history marked by innovation, dedication, and continuous growth, Inpay stands as a premier choice for payment solutions in the iGaming industry.

Pros and Cons

Inpay has multiple advantages to offer, but it’s far from perfect. Let’s weigh in on its pros and cons to get a bigger picture.

Pros

  • Cost-effective solution
  • FSA-regulated
  • Available in over 100 countries
  • Fraud detection systems
  • Enables both deposits and withdrawals

Cons

  • Supports only bank transactions

How to Use Inpay in Online Casinos

Online casino operators that have integrated Inpay via SoftGamings will be able to offer customers fast and safe international bank transfers. Once a player opts for Inpay and selects the amount, the process goes as follows:
  1. The casino sends payment files via SWIFT MT103 or API.
  2. Inpay screens the payments and confirms the funding.
  3. Inpay sends instructions to the FL partner in the receiving country to complete the payment.
  4. Casino receives the funds in local currency and in real-time without any deductions.
Note that Inpay executes transactions 24/7 in those countries that have such infrastructure, including the United Kingdom, India, and Turkey. Also, SEPA payouts in Europe are processed within minutes.

One of the biggest advantages of using Inpay is that customers can pay directly from their bank accounts without having to top up their eWallets or type in card numbers. Once they select Inpay from the list of payment providers, they will be redirected to their bank gateway, where they need to complete the transaction as usual.

Regions

Inpay offers payments in over 100 countries worldwide. The processor is regulated by the Danish Financial Supervisory Authority and is compliant with all AML and KYC EU regulations that allow it access to all EU countries. Moreover, Inpay is a member of SWIFT and the global financial institution community.

Payment Methods

Inpay provides two payment solutions: Inpay OpenBanking and Cross-Border Payouts. Inpay OpenBanking system connects operators with a global network of banks through a single API that allows bank transfers to be completed with three simple clicks. Users pay for their deposits directly through their bank accounts, setting the stage for immediate cashflow and payment settlement.

The operators, on the other hand, enjoy lower operating costs, decreased chargeback risks, and increased profits.

The Cross-Border Payouts work similarly to traditional wire transfers, only faster. What’s more, they cost less than wire transfers, with the processing fee negotiated according to the transaction volume and value and with the pre-agreed and fixed FX margin. Inpay also gives operators a dedicated account manager to help keep track of the payment status and much more.

Customer Support

Inpay takes customer satisfaction very seriously, hence the dedicated account manager that handles all potential issues in record time. Clients will also have access to SoftGamings’ customer support service, which can provide valuable assistance.

Security

Inpay protects all systems via full-stack firewalls, 2FA, and antivirus programs. In addition, it runs constant penetration testing to check the potential vulnerability of its systems. The company monitors its entire network at all times and has rigorous password policies to ensure top-of-the-line protection. Third-party systems, such as ComplyAdvantage, are also used to reinforce security.

Licenses

Inpay is licensed by the Danish Financial Supervisory Authority (DFSA No. 22008) and adheres strictly to EU legislation regarding anti-money laundering policies, counter-terrorist financing, and other relevant regulations.

FAQ

What is Inpay?

Inpay is a cross-border payment solution that provides fast, safe, and cost-effective bank transfers, which makes it a perfect alternative to SWIFT. The system offers payouts in over 100 countries.

What are the advantages of using Inpay in online casino gaming?

Inpay bank transfers are faster and cheaper than wire transfers. In addition, they are protected by the latest security measures in fintech.

Is Inpay a legal payment method?

Yes, Inpay is a perfectly legal payment method with a license from the Danish FSA. Furthermore, it abides by all the relevant laws of the EU.