Paycos Payment System for Betting: Buy or Rent the Tool on Favourable Terms

The success of the betting business largely depends on the speed and security level of money transfers. Gamblers and B2B partners need modern and reliable services with a wide range of features and multicurrency support.

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Key Information about the Developer

Paycos is a universal solution that provides fast and secure transfers, is used in more than 150 countries on 5 continents, and is considered a leader in the field of transaction processing in the Far East.

The main office of the company is located in the city of Limassol, Cyprus. The staff includes about 80 specialists in finance, banking, programming, QA engineering, and marketing.

Entrepreneurs of the iGaming segment benefit from the integration of the Paycos financial system into their betting shops, poker rooms, binary options trading platforms, and online casinos. The financial service has earned the recognition of users due to the high speed and transparency of payments.

The software is also suitable for:

• marketplaces;
• online stores;
• sites for ticket booking;
• Forex platforms, and other portals in the e-commerce industry.

The product is also successfully used by the owners of microfinance organisations, marketing agencies, and other business structures.

What Payment Options are Offered by the Company

One of the main reasons to install the Paycos system is the support of various settlement methods:

Internet acquiring	Transactions between debit and credit cards are characterised by maximum security and instant crediting of funds. The brand’s service supports money transfers using Visa, MasterCard, Maestro, and Amex. To approve them, customers need to specify the number, expiration date, and CVV code of the plastic or virtual card
Bank transfers	This is the transfer of funds directly to an individual bank account through the global SEPA and SWIFT systems. Gamblers need to enter the IBAN code, as well as the name of the sender and the details of the recipient. Bank transfers are characterised by minimal commissions, availability from anywhere in the world, and simplified currency conversion
Payouts to e-wallets	Among the features of the method, we can name a high speed, fast registration, and minimum requirements for the provision of documents (for user verification). Transfers are made between electronic wallets, and Peikos acts as an intermediary to guarantee the highest quality and security of services. The brand’s financial system is integrated with Qiwi, Webmoney, Perfect Money, Amex, and other electronic transfer programs
Mobile commerce	To conduct cross-border transactions, players need to install the Paycos mobile application and place instant one-touch bets without additional authentication. All that needs to be done is to confirm the transfer via SMS or voice call
UZCARD	This is a local payment method that unites more than 30 banking institutions in Uzbekistan, Kazakhstan, and Kyrgyzstan. The solution supports transfers in local currency and offers a loyal conversion rate
Alternative payment options	The provider can integrate local settlement methods at the request of the bookmaker. These are voucher transfers, cryptocurrency payments, and much more. The integration of the system is also available for land-based establishments. Cash transactions can be carried out via betting machines and self-service terminals thanks to the Paycos software

High Level of Money Transfers Security

The developer’s financial service is characterised by the reliability of transactions, data transmission channels, and confidential information.

The main activities of the company are focused on:

• introduction of innovative anti-fraud methods;
• acceleration of the exchange of information between control centres;
• reduction of the number of chargebacks;
• control over the correct distribution of bonuses and reward points;
• minimisation of technical failures;
• protection against the introduction of malicious software and phishing programs;
• automation of verification using the KYC method.

The installation of the Paycos system is based on the following security methods:

1. Certification according to PCI DSS. The company is licensed as a first-level payment service provider based on the Bank Card Industry Data Security Standard. The developer processes more than 6 million transactions annually and undergoes a comprehensive audit according to the PCI PA-QSA methodology.
2. The HTTPS TLS 1.3 protocol. It is used for the identification of a remote computer by verifying its IP address and location. The Paycos system for betting shops has a certificate of conformity, so the address bar always starts as "https://". This applies to all devices, from desktop PCs to tablets and mobile phones.
3. The Antifraud program. Universal software for fraud detection with bank cards and electronic accounts. The solution contains various tests and identifiers of the actions of intruders. These are too long or, on the contrary, short sessions, as well as the use of proxy services and masking programs, abnormal behaviour, access from unidentified devices, and much more.
4. 3D security. A set of measures for two-factor verification of gamblers when trying to make transfers using Visa and MasterCard prepaid cards. The Paycos system duplicates requests to confirm the use of a bank card. Players enter card details (number, expiration date, and CVV code) and are verified via a voice call or SMS notification.
5. Stop list. An interactive list of customers and B2B partners with suspicious activity or unauthorised login from different devices. At the time of the transfer, the program automatically checks if the sender (recipient) is included in the stop list.

Why Is It Worth Launching the Paycos Payment Service

Let us consider the main advantages of the decision to install a financial aggregator.

High Performance

The service processes more than 10 thousand requests per second and about 6 million transactions per year according to the international PCI DSS classifier. These are user identification, deposition/withdrawal of funds, currency conversion, security check of transfers, and much more.

The connection of the Paycos service is suitable for land-based locations and online bookmaker’s offices. The financial aggregator works flawlessly even with a poor internet connection and guarantees excellent performance, as well as the instant transfer of funds.

Multicurrency

The settlement system supports operations in more than 40 monetary units:

• US dollars;
• pounds sterling;
• euros;
• Kazakh tenge;
• Polish zlotys;
• Swedish krona, and other signs.

At the request of operators, it is possible to integrate local currencies with a favourable conversion rate.

Minimum Commission Deductions

The percentage depends on the tariff plan of the financial counterparty. Minimum interest is provided for internal transfers between Paycos electronic accounts.

Money transfers using Visa and MasterCard debit and credit cards will cost more — from 1.5% to 5.99% of the transaction amount.

Global Coverage

The service is used in Europe, North America, Asia, and Australia. It operates in more than 150 regions, which significantly expands the geography of visitors to betting sites.

The exceptions are countries from the FATF list (it includes jurisdictions with a high level of risk), as well as Sudan, Iran, Syria, North Korea, Lebanon, and other states partially associated with the financing of terrorism.

Round-the-Clock Support

Bookmakers can get professional advice:

• via Skype, Telegram, Viber, and other popular instant messengers;
• by sending a request by e-mail;
• by calling the allocated number in the call centre.

Support specialists work 24/7 and guarantee a high level of service and instant response to incoming requests from customers.

Comfortable Account Management

Entrepreneurs get access to a personal account with a wide range of tools for performing the following tasks:

• formation of detailed statistics and analytics in key areas of the bookmaker's activities;
• user account management (controlling access levels, blocking suspicious accounts);
• audience segmentation by various indicators (frequency of visits, as well as minimum and maximum bets);
• getting loans;
• cashback settings, etc.

The program supports more than 30 languages, including English, German, Kazakh, French, and others.

Simple Software Installation

The integration of the Paycos payment system consists of several steps:

1. Registration of a connection request. The bookmaker receives a response within 12 hours after leaving the application.
2. Cooperation agreement. It means the signing of a bilateral agreement with a careful study of each paragraph of the document.
3. Routine work. Technical integration of the financial gateway using API tools or ready-made templates within the CMS system. The bookmaker can order individual widgets, which will favourably emphasise the corporate identity of the company. Installation of the aggregator can be done through a redirect, as well as using the iFrame and H2H methods.
4. Transaction processing. Preliminary testing of the system and launch of a full-fledged payment gateway.

The Main Things about the Installation of the Provider’s Financial Service

• The program supports popular settlement methods. These are internet acquiring, bank transfers in SWIFT and SEPA systems, payments to electronic wallets, mobile and voucher transfers, as well as transactions through the local UZCARD system.
• The company is certified as a first-level payment service provider according to the generally accepted PCI DSS classification. The proprietary security system is based on the HTTPS TLS 1.3 protocol, the Antifraud service, and 3D-Secure methods for checking transactions with Visa and MasterCard debit and credit cards.
• The advantages of the decision to install the software include a multicurrency environment, global coverage, round-the-clock support, high performance, and comfortable account management. The program processes more than 10 thousand requests per second and about 6 million transactions per year.

From us, it is also possible to order the following wagering services:

• installation of sports betting programs;
• connection of the bookmaker's franchise;
• integration of the White Label platform;
• promotion of already existing portals;
• drafting a business plan, and much more.

Order service

For more information, please contact our managers.