What are Payment Methods?

Definition: The available ways players can fund their account and receive their winnings.

Common categories:

Payment cards: debit/credit cards (subject to local rules; some markets restrict credit cards for gambling).
Bank transfers: local bank transfer schemes and international wire transfers.
E‑wallets: digital wallets enabling fast deposits/payouts.
Alternative payment methods (APMs): local solutions (e.g., online banking payments, vouchers).
Prepaid vouchers: deposit-only in many cases.

What differs by method:

Speed: instant deposits vs delayed payouts.
Fees: charged to player/operator depending on PSP and method.
Chargeback risk: high for cards, generally lower for bank transfers.
Compliance: varying KYC/AML requirements and geographic availability.

Related Terms

Source of funds (SoF) is the origin of the money a player uses for deposits. Source of wealth (SoW) is how the player built up their overall wealth.

Customer Due Diligence (CDD / EDD)

Customer due diligence (CDD) is the set of checks an operator carries out to know who the player is and assess their risk level. Enhanced due diligence (EDD) is a deeper level of checks for higher-risk cases.

Transaction Monitoring

Transaction monitoring is the automated review of player payments and betting activity against rules and thresholds to detect activity that needs a closer look, such as possible money laundering or fraud.

Open Banking

Open banking is a way of sharing bank data and starting payments through secure bank APIs, with the account holder’s consent. In iGaming it is used for account-to-account (A2A) deposits and payouts.

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