How to Choose the Best iGaming Payment Solutions for Your Platform
The 2023 Canadian Gaming Summit in Toronto made one thing clear: Ontario’s iGaming industry is booming.
With over 45 licensed operators now active, the province has quickly become a key market. Alongside this growth, payment system providers have rushed in to offer custom solutions for platforms focused on iGaming and sports betting. In this crowded and regulated space, choosing the right iGaming payment solution is essential for growth, compliance, and user trust.
1. Understand the Market and Your Players
The first step to finding the right solution is understanding the market you’re operating in. Ontario—and other regulated North American iGaming regions—have their own unique player preferences.
In Canada, INTERAC® (Interac e-Transfer®) is one of the most trusted ways to move money. A recent survey found that 88% of Canadians use Interac e-Transfer, including younger users, making it an ideal choice for online platforms.
Pro tip: Choose a payment provider that integrates familiar, trusted solutions such as Interac e-Transfer to increase conversion rates and user confidence.
2. Evaluate Payment System Providers Carefully
After identifying your players’ needs, the next step is to vet the payment solution providers. Here’s what to ask:
What’s their experience in iGaming and sports betting?
Do they offer support beyond just deposits and withdrawals?
Are their solutions compliant with local gaming regulations?
At Paramount Commerce, we’ve processed iGaming payments in Canada for over 20 years. During Ontario’s launch, we helped international operators enter the market by providing regulatory guidance and reliable, scalable infrastructure.
Our INTERAC solution includes:
One simplified integration flow
Innovative deposit options
Access to a Tier 1 banking partner
Industry-leading conversion rates
Built-in fraud prevention tools
3. Look for a Trusted iGaming Payment Partner
Choosing the best iGaming payment solution isn’t just about technology—it’s about selecting the right partner. Look for a provider who:
Has a proven track record in iGaming and sports betting
Offers scalable infrastructure for future growth
Assigns a dedicated account manager
Ensures secure, fast transactions
Provides insights on compliance and regulation changes
4. Make an Informed Payment Decision
In a fast-moving market like Ontario’s, your choice of payment partner can set you apart.
The right iGaming payment solution helps:
Build player trust
Boost conversion and retention
Support secure, smooth transactions
Ensure compliance with local laws
At the end of the day, it’s not just about enabling payments—it’s about improving performance, delivering great user experiences, and growing your platform.
