Paybis Send offers Crypto Payments for iGaming firms

Paybis, a United Kingdom-based cryptocurrency exchange founded in 2014, has introduced its newest product — Paybis Send. This purpose-built solution is designed to address the increasingly complex payment needs of the iGaming, forex, and payment service provider (PSP) sectors. With the global iGaming market expanding rapidly, payment providers like Paybis are stepping in to solve the industry’s toughest challenges — compliance, high transaction fees, and delayed payouts.

Growth of the iGaming industry and the demand for innovative solutions

As reported by Grand View Research, the global iGaming sector is expected to reach an estimated value of $153.57 billion by the year 2030, with an anticipated compound annual growth rate (CAGR) of 11.7%. The industry continues to attract a growing number of participants, intensifying competition across the market. As such, platforms are expected to offer more than engaging games and user experiences — the emphasis has shifted toward seamless financial interactions.

Unlike the earlier days of online gambling in the 1990s, today’s players expect faster withdrawals, data privacy, and unrestricted access to their winnings. Operators that fail to meet these expectations risk falling behind in an increasingly demanding environment.

Cryptocurrencies have naturally emerged as a viable solution to many of these demands, thanks to their decentralised nature, global reach, and low transaction fees. However, navigating crypto regulations and infrastructure can be daunting for many businesses. This is where Paybis Send enters the equation — bridging traditional finance with blockchain-based efficiency.

What is Paybis Send?

Paybis Send is a comprehensive solution designed to help businesses facilitate instant and secure crypto payments at scale. This product enables operators in iGaming and adjacent industries to send mass payouts using cryptocurrencies such as Bitcoin (BTC), Tether (USDT), USD Coin (USDC), and TON. The platform currently supports operations in more than 140 countries, making it ideal for international ventures.

One of the key strengths of Paybis Send lies in its simplicity and transparency. The service offers competitive rates, no hidden fees, and robust compliance mechanisms, allowing businesses to focus on growth rather than administration or regulatory hurdles. Additionally, it integrates smoothly with existing systems, requiring minimal changes to infrastructure.

Addressing compliance and financial efficiency challenges

In industries like iGaming and forex, compliance with local and international financial regulations is a pressing concern. Operators face increasing pressure to align with anti-money laundering (AML) policies, Know Your Customer (KYC) requirements, and cross-border transaction rules.

According to an October 2024 report by Sprinto, nearly 90% of compliance professionals anticipate a 30% increase in compliance costs in the coming years. With such expectations, businesses are actively seeking solutions that streamline processes without compromising on legal safeguards.

Paybis Send directly addresses these concerns by embedding compliance functions into its operations. All user activity on the platform is subject to regulatory oversight, and Paybis is fully licensed, giving businesses assurance that they are operating within legal frameworks. Furthermore, transactions are fully auditable, helping firms maintain their internal records and satisfy external regulators.

The functionality behind Paybis Send

Paybis Send’s design reflects a deep understanding of the needs of modern digital businesses. Here is a breakdown of how the service works:

Dedicated IBAN issuance

Within three business days of onboarding, Paybis can issue a dedicated International Bank Account Number (IBAN) in the company’s name. This allows the business to receive fiat funds from partners or clients directly. Importantly, this removes the need for a conventional bank account, thus accelerating the funding process and eliminating delays caused by traditional banking systems.

Pre-funding the account

Funds transferred into the dedicated IBAN are immediately credited to the business’s fiat balance on the platform. Additionally, businesses can choose to top up their balances directly using USD or EUR. These balances can then be used for various operations — most notably, executing instant crypto payouts.

Seamless crypto payouts

Once the account has been funded, Paybis Send enables users to make crypto payouts either manually through a dashboard or automatically via API. The service supports major stablecoins and cryptocurrencies, which can be selected based on the operator’s preferences and recipient compatibility.

Optional automated conversion

The system can automatically convert incoming fiat currency into crypto assets based on pre-configured parameters. This ensures the operator’s funds are always available in the preferred asset class, reducing manual intervention and foreign exchange delays.

Strategic advantages for iGaming and forex operators

The benefits of adopting Paybis Send extend beyond mere transaction efficiency. For iGaming operators, fast and reliable withdrawals are a major factor in player retention. Paybis Send makes it easy to deliver on this expectation, enabling crypto withdrawals without the complexities usually associated with blockchain integration.

Additionally, the platform supports B2B payments via SEPA, SWIFT, or FPS systems in both EUR and GBP. This makes it suitable not just for player payouts but also for affiliate payments, vendor settlements, and other business functions.

Paybis also allows businesses to assign partner IBANs, creating an opportunity for white-label services. These capabilities can help generate new revenue streams through transaction markups, while still delivering value to end users.

A compliant and scalable solution

Unlike many platforms that require businesses to balance growth with regulatory uncertainty, Paybis Send provides a licensed and compliant foundation. The service was developed with a clear legal framework in mind, and its operations adhere to stringent financial standards.

Its embedded KYC and AML features ensure that transactions remain above board, making it a reliable choice for companies seeking to scale across borders. With fraud prevention mechanisms and regulatory compliance handled by Paybis, operators can expand into new markets with confidence.

Industry trends support tech-driven compliance

The increasing importance of technology in regulatory compliance is not just anecdotal — it is supported by industry research. A 2023 Thomson Reuters survey found that 70% of compliance professionals believe that technological innovation is the most effective way to manage rising costs and legal complexity.

Paybis Send represents a practical implementation of this insight. Rather than adding another layer of bureaucracy, it simplifies compliance, offering companies a user-friendly interface and back-end processes that align with legal requirements.

The future of crypto payments in iGaming

As the global iGaming market continues to grow — estimated to surpass $112 billion in annual revenue this year alone — payment solutions that prioritize speed, compliance, and user experience will become critical competitive differentiators. Players are increasingly vocal about their expectations regarding payouts, privacy, and transaction security.

Paybis Send aligns with these evolving expectations by delivering an intuitive platform that is capable of managing complex, international transactions with ease. It not only reduces operational friction for businesses but also improves the overall customer experience.

In a world where traditional banking is slow and often exclusionary, especially in underbanked regions, Paybis Send’s ability to offer fast, affordable, and borderless payments positions it as a strategic asset for any iGaming or fintech business looking to remain competitive.

Conclusion

Paybis Send is more than just a cryptocurrency payment tool — it is a comprehensive, legally compliant, and strategically designed solution for modern businesses operating in fast-paced, high-risk sectors like iGaming and forex. Its support for multiple currencies, international compatibility, transparent pricing, and commitment to compliance make it a standout option in a crowded marketplace.

In an era where financial agility and regulatory adherence are critical, Paybis Send enables businesses to meet their obligations while also exceeding customer expectations. As crypto adoption continues to rise globally, tools like Paybis Send will likely become essential for businesses seeking to offer fast, compliant, and user-friendly financial services.

FAQs

What is Paybis Send?
Paybis Send is a crypto-based payout platform for businesses, designed to process instant payments in cryptocurrencies and stablecoins.

Who can use Paybis Send?
The service is ideal for iGaming platforms, forex trading companies, PSPs, and any business needing fast, secure, and compliant global payments.

Is Paybis Send legal and compliant?
Yes, Paybis is fully licensed and its platform includes embedded compliance features such as KYC and AML protocols.

What cryptocurrencies does Paybis Send support?
Paybis Send supports Bitcoin, USD Coin, Tether (USDT), and TON, among others.

How does Paybis Send differ from traditional bank transfers?
Unlike bank transfers, Paybis Send enables near-instant, low-cost, and borderless payouts in cryptocurrencies.

Can I receive fiat payments through Paybis?
Yes, businesses are issued dedicated IBANs to receive fiat payments via SEPA, SWIFT, or FPS systems in EUR and GBP.

Does Paybis Send offer an API?
Yes, Paybis Send offers a fully functional API that integrates easily into existing systems for automated payouts and financial operations.

How long does it take to set up Paybis Send?
Businesses can expect to receive their dedicated IBAN and access the platform's services within three business days.

Is there a way to earn extra revenue with Paybis Send?
Yes, businesses can set up partner IBANs and add transaction markups to generate additional revenue.

Can Paybis Send be used for affiliate and partner payments?
Absolutely. Paybis Send supports all types of B2B payments, including affiliate, partner, and vendor settlements.