Find banking partners for your UK iGaming business

The UK is the world’s biggest gambling market, and one of its biggest iGaming countries too (online represents a 65% share of all gambling revenue). GGY for online casinos and sportsbooks in the UK reached and incredible £6.4billion in 2022.

Despite being one of the most mature iGaming markets in the world, revenue is expected to keep growing at a very healthy annual growth rate of 4.41% until 2027. With a big gaming and betting culture, the UK is certainly an exciting place to launch an iGaming business.

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Challenges for UK online gaming firms

Perhaps the biggest challenge for startup online casinos and bookmakers in the UK is getting access to a payment solution. Despite the size of the UK online gambling industry, many traditional banks continue to view the sector as ‘high risk’, and new businesses in particular can struggle to meet the requirements needed to open a bank account.  

Who regulates online gaming in the UK?

The Gambling Commission is responsible for regulating the iGaming market in the UK and for processing and renewing licence applications. Online gaming businesses must choose between several different licence types depending on the kinds of games of chance they offer. Application fees and annual renewal fees vary depending upon the business’s gross gaming yield.

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Discover UK iGaming payment solutions with iGaming Core

Hoping to launch an iGaming business in the UK’s dynamic market? Then you will need a bank account, payment account or electronic money institution that is authorised to operate in the country. iGaming Core helps you to find a payment solution by:

•  Learning about your operations, business structure, license type and target market
• Advising you on suitable payment accounts for your UK iGaming company
• Finding a partner to process payments for your United Kingdom online casino or sportsbook
• We can introduce you to UK iGaming compliance consultants

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UK card processing for online bookmakers

Debit cards are by far and away the most common way for UK online gamers to make deposits and withdraw winnings. Visa, MasterCard, and Maestro debit cards are all widely accepted. Be aware however that online gamblers cannot make deposits using credit cards in the UK. E-wallets are also a popular way of making online payments, and PayPal is particularly popular and widespread in the country.

Contact us today to start accepting payments to your United Kingdom iGaming website

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