ConnectPay: Top-Ranking Payment Service for iGaming

By | August 25, 2021

Payments are one of the crucial parts of the iGaming sector. Many online casino operators struggle to choose a reliable banking provider out of numerous companies in the market. ConnectPay service can be regarded as one of the Top trusted payment service providers for iGaming operators.

More and more top-tier gambling websites in the European jurisdictions choose ConnectPay as their primary payment platform. The electronic money institution offers its services to a wide range of businesses in the iGaming sector, including:

online gaming platforms;
virtual casinos;
betting operators;
higher risk business listings.

Login Casino provides a detailed review of the ConnectPay services and special features.

Basic info about ConnectPay: company type, license, market share

Judging by the customer funds, ConnectPay is the second biggest electronic money institution in Lithuania with close to 400k secure transactions conducted per month. The company provides services to online businesses across 167 countries, with a gambling sector as its primary clientele.

ConnectPay is one of the fastest-growing financial companies in Lithuania, the renowned financial hub in Europe. According to official statistics, in 2020 the electronic money institution has had a 189 percent increase in customer funds and a 243 percent rise in income.

Apart from the website with the user-friendly UX, since 2020 ConnectPay has also launched a mobile application that offers multi-factor authentication at the convenience of client mobile devices both for iOS and Android.

Who provides a license for ConnectPay?

As iGaming is a highly regulated sector of the economy, gambling operators prefer to work with fully licensed banking service providers. This is also a good way to protect their clients’ finances. With ConnectPay ops can be sure that their financial operations are safeguarded, as it is a highly regulated financial institution.

ConnectPay was established in one of the European Union states, Lithuania, in 2018. The company is authorized and licensed by the Bank of Lithuania and operates under the European Central Bank regulations.

This electronic money institution also has a European Economic Area (EEA) passport and is permitted to operate in any of 30 EEA jurisdictions. On top of that, the payment platform has obtained a SWIFT membership and participates in a Single Euro Payments Area (SEPA) Credit Transfer (SCT) plan.

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