Best Alternatives to PaymentIQ for iGaming Payments
Compare six PaymentIQ alternatives for iGaming, focusing on integration speed, fraud prevention, scalability and player experience.
PaymentIQ is popular for processing iGaming payments, but there are other great options that address key challenges like integration, fraud prevention, and transaction speed. Here’s a quick look at six alternatives:
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Fluid: AI-powered cashier with fast integration, real-time fraud detection, and a mobile-first design.
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Skrill: Digital wallet with robust security, fast deposits, and a loyalty programme.
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AsiaPay: Focused on the Asia-Pacific region, offering localised payment methods and strong fraud protection.
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Praxis: Connects to 600+ PSPs, enabling quick market entry with advanced fraud management tools.
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Paytm: Tailored for India, supporting UPI and net banking, ideal for local players.
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MiFinity: FCA and MFSA-regulated eWallet with multi-currency support and secure KYC processes.
These platforms differ in integration speed, fraud measures, scalability, and user experience.
PaymentIQ Alternatives Comparison: Integration, Fraud Prevention & Scalability
How iGaming Operators Should Choose the Right Payment Provider
Selecting a provider that can optimize payment conversion rates is essential for long-term growth.
Quick Comparison
| Solution | Integration Speed | Fraud Prevention | Scalability | Player Experience |
|---|---|---|---|---|
| Fluid | Fast, minimal effort | AI-driven real-time detection | Multi-currency and crypto support | Personalised, mobile-first payments |
| Skrill | Standard API setup | 2FA, SSL encryption | Global reach in 40+ currencies | Quick deposits, loyalty rewards |
| AsiaPay | Quick for Asia-Pacific | PCI DSS, tokenisation | Strong in Asian markets | Localised methods, no account needed |
| Praxis | Modular API, fast onboarding | AI routing, tokenised payments | Handles high volumes globally | One-click payments, retry features |
| Paytm | 4–8 weeks, custom API | KYC, multi-factor authentication | Ideal for Indian market | UPI and wallet-focused |
| MiFinity | iFrame/API with support | Biometric login, manual KYC reviews | Operates in 126 countries, 18 currencies | Free Virtual IBAN, multi-currency wallet |
Choose based on your market focus, compliance needs, and player preferences.
1. Fluid
Fluid is an AI-powered digital cashier designed specifically for iGaming operators who need more than just basic payment tools. Unlike traditional payment gateways that rely on generic iframes, Fluid provides seamless brand integration, ensuring players stay immersed in the gaming environment without disruptive redirects or clunky checkout processes. Here’s a closer look at how Fluid stands out in terms of integration speed, fraud prevention, and player experience.
Integration Speed
Setting up a payment system shouldn’t take forever. Fluid offers quick integration with minimal development effort, making it easy for operators to connect their platforms without heavy technical work. It supports multiple currencies and cryptocurrencies, allowing operators to cater to players across different markets without creating separate payment flows for each region. Plus, this rapid setup comes with strong security measures built in.
Fraud Prevention
Fraud in iGaming goes beyond simple rule-breaking. Fluid leverages AI and machine learning to detect suspicious activities in real time, protecting operators and players from issues like chargebacks or bonus exploitation. By analysing user behaviour instantly, the system flags unusual patterns before they escalate into bigger problems. These advanced security features work hand-in-hand with Fluid’s smooth user interface, ensuring safety without compromising the player experience.
Player Experience
A complicated or disconnected checkout process often leads to players abandoning their transactions. Fluid addresses this with AI-driven, personalised payment journeys tailored to individual player preferences and behaviours. It provides step-by-step, user-friendly payment guidance to minimise friction. Designed with a mobile and tablet-first approach, Fluid ensures smooth payments on any device - a crucial factor for players who expect fast and hassle-free transactions. Additionally, the platform offers real-time user analytics, helping operators identify drop-off points and improve conversion rates effectively.
2. Skrill
Skrill is a trusted digital wallet that operates in over 120 countries and supports 44 currencies through a single integration. With more than 40 million registered users worldwide, it has become a popular payment choice for players in various markets.
Integration Speed
Skrill’s integration process is divided into two main steps: a relatively simple technical setup and a more detailed account opening and compliance procedure. For example, in August 2021, Luckbox partnered with Bambora to expand deposit options via PaymentIQ, showcasing how seamless the technical setup can be. However, the compliance phase can take longer, so involving compliance experts early on can help streamline the process. This dual focus on speed and thoroughness underscores Skrill’s operational approach.
Fraud Prevention
Skrill provides robust fraud protection, including full chargeback coverage to tackle issues like friendly fraud. Security measures include two-factor authentication (2FA), biometric login options, and AI-driven monitoring that continuously tracks account activity. Transactions are safeguarded with 128-bit SSL encryption certified by VeriSign, and sensitive financial information is never shared with merchants. Additionally, Skrill is regulated by the FCA and adheres to PCI DSS standards, ensuring compliance with global payment security requirements.
Player Experience
With Skrill, deposits and withdrawals are processed within 12 to 48 hours - much faster than traditional bank transfers, which can take 3 to 7 days. The mobile app enhances convenience by offering biometric login options like fingerprint and Face ID, making transactions quick and secure. Skrill also features the Knect loyalty programme, which rewards players with points for gambling deposits, adding an extra perk. The platform has earned a 4 out of 5 star rating on Trustpilot from over 20,000 reviews, with users frequently commending its speed and reliability for international transfers.
3. AsiaPay
AsiaPay, headquartered in Hong Kong, has been a key player in the payment gateway space for 25 years, serving the Asia-Pacific region through its 17 offices. The platform connects operators with over 150 banks and payment networks, supporting transactions in 144 currencies across 12 major markets, including Hong Kong, Singapore, India, Indonesia, and Australia.
Integration Speed
AsiaPay provides three web integration methods tailored to different technical needs. For quick deployment, it utilises the Client Post through Browser method. Mobile integration is also straightforward, thanks to dedicated PaySDKs for Android and iOS platforms. The process begins with operators submitting a merchant application specifying payment options, followed by a coordinated technical setup to align with the launch schedule. Impressively, the platform ensures a service uptime exceeding 99.9%.
Fraud Prevention
Security is a top priority for AsiaPay. It employs PCI DSS certification, 3DS 2.0 authentication, tokenisation, big data analytics, real-time monitoring, 128-bit SSL encryption, and two-factor authentication to safeguard transactions. Additionally, local risk teams across its 17 offices enhance fraud detection. The Merchant API adds flexibility by offering advanced features such as voiding transactions and processing partial refunds. The platform’s infrastructure is designed to handle increasing operational demands efficiently.
Scalability
AsiaPay is built to handle high transaction volumes, making it a reliable choice for operators scaling their businesses. Its extensive banking partnerships and multi-channel capabilities ensure smooth operations during peak periods. Features like real-time consolidated reporting and 24/7 technical support across regional offices further enhance its reliability. The platform also supports 12 languages and integrates with over 100 online shopping cart platforms, making it ideal for businesses expanding into diverse Asian markets.
Player Experience
AsiaPay prioritises user convenience by processing deposits within seconds, without requiring users to create an AsiaPay account. It supports a variety of localised payment methods, including digital wallets (Alipay, WeChat Pay, GrabPay), net banking (UPI, FPS), over-the-counter payments, and even cryptocurrencies like Bitcoin, Ethereum, and Tether. These options cater to regional payment habits, particularly in areas like Indonesia and the Philippines, where credit card usage is less prevalent. AsiaPay’s efforts have not gone unnoticed - it was named the Most Innovative Payment Solutions Provider in Southeast Asia in 2021 and holds an 8.0/10 SmartScore with 93% user satisfaction on FinancesOnline.
4. Praxis
Praxis takes payment orchestration for iGaming to the next level, focusing on smoother integration, stronger fraud prevention, and scalable solutions for operators.
Praxis Tech provides a platform that connects iGaming operators to over 600 pre-integrated Payment Service Providers (PSPs) and more than 1,000 Alternative Payment Methods (APMs) through a single integration point. This vast network spans global markets, including Latin America and the Asia-Pacific region. With PCI DSS Level 1 and ISO 27001 certifications, Praxis ensures compliance while addressing challenges in integration, fraud management, and scalability.
Integration Speed
Praxis significantly shortens the time it takes to enter new markets. Instead of developing individual builds for each PSP, operators can use Praxis to onboard new payment providers in just a few days. This streamlined process reduces what used to take months or even quarters to mere weeks.
Fraud Prevention
Security is a top priority for Praxis, alongside its quick setup capabilities.
The platform uses 3DS cascading technology to optimise transaction approvals by selecting the most suitable gateway for each payment. It also employs tokenised vaulting to securely store card details, enabling one-click payments for returning users. Additionally, AI-driven routing evaluates past performance and risk profiles to enhance transaction security and efficiency.
Scalability
Praxis is built to handle the demands of enterprise-level operations, managing hundreds of thousands to millions of transactions annually. Operators can expand into new regions by activating local payment options like PIX in Brazil or UPI in India, all without requiring custom internal builds. A centralised reporting dashboard further supports growth by offering insights into PSP performance by region and transaction type, helping businesses optimise their payment strategies.
Player Experience
Praxis enhances the player experience by supporting Merchant Initiated Transactions (MIT), allowing users to deposit funds without leaving the game environment. The platform also includes a “Retry on Insufficient Funds” feature that suggests lower deposit amounts in real time, reducing transaction abandonment. Features like background currency conversion and a “Lock FX Rate” option minimise exchange-rate fluctuations, providing players with predictable costs.
5. Paytm
Paytm provides a customised payment solution tailored to India’s iGaming market, boasting a massive user base of over 330 million people. Initially designed as both a B2C and B2B platform, Paytm functions as a digital wallet that supports bank transfers, net banking, and UPI payments - options that are particularly popular among Indian players.
For Malta-licensed operators aiming to break into India or the broader Asia-Pacific region, Paytm offers a familiar and trusted payment method. Digital wallets like Paytm are widely preferred by Indian users because they simplify the deposit process, removing the hassle of repeatedly entering card details.
Integration Speed
Integrating Paytm requires custom API development, with the process typically taking 4–8 weeks. Pre-built iGaming connectors are not available, so operators need to invest in bespoke API work. However, once integrated, Paytm ensures secure transactions through robust fraud prevention protocols.
Fraud Prevention
Paytm prioritises security by incorporating user account verification, multi-factor authentication, and KYC processes that align with iGaming compliance standards. While it lacks gaming-specific risk management tools, its ability to handle millions of transactions daily in India demonstrates its reliability for operators managing high payment volumes.
Scalability
With its large user base, Paytm effectively handles high transaction volumes across various payment methods without any throughput issues. This scalability is a significant advantage for iGaming operators focusing on Asian markets, especially during periods of rapid growth or peak activity. The platform supports multiple payment options, including net banking and wallet transactions, making it adaptable to diverse user preferences.
Player Experience
Paytm delivers a seamless and trustworthy deposit experience for Indian players. Users can fund their accounts using UPI or bank transfers without needing to input sensitive card details, offering a mobile-friendly process that reduces friction. This is especially important in markets where regional wallets are favoured over international payment cards. For Malta-licensed operators, Paytm enables transactions in EUR (€) with built-in currency conversion, meeting MGA compliance standards while catering to local payment habits that encourage higher player engagement.
6. MiFinity
MiFinity is a payment platform regulated by both the Financial Conduct Authority (FCA) in the UK and the Malta Financial Services Authority (MFSA). It’s specifically designed to support Malta-licensed operators. With over 1,200 iGaming brands across 225 countries and territories using the platform, MiFinity integrates 80+ payment methods into a single, user-friendly interface.
For operators aiming to serve both European and global markets, MiFinity offers an eWallet system that allows players to manage up to nine native currency wallets under one account. This functionality is particularly useful for Malta-based operators who process transactions in EUR (€) but cater to players across different regions. By addressing challenges like integration, fraud prevention, scalability, and player satisfaction, MiFinity has become a go-to solution for the iGaming sector.
Integration Speed
MiFinity simplifies integration through an embedded iFrame or an API that centralises the process. A dedicated support channel ensures operators can implement the system smoothly from start to finish. During API integration, operators can process transactions using batch files, minimising downtime. The iFrame checkout feature keeps players within the operator’s platform, reducing the need for redirection and improving conversion rates. This efficient integration also strengthens security measures.
Fraud Prevention
Security is a top priority for MiFinity, which employs advanced anti-fraud tools and round-the-clock transaction monitoring. The platform supports biometric authentication, including FaceID and TouchID, for mobile app logins. Additionally, Virtual IBAN data is securely stored on encrypted servers.
The KYC (Know Your Customer) process is thorough, requiring proof of identity (selfies included), proof of address, and card verification through a four-digit code from bank statements. Transactions flagged as “On Hold KYC” are manually reviewed by a payments team, typically within 24 hours. This meticulous approach ensures compliance with both UK and Maltese financial regulations.
Scalability
MiFinity’s PayAnyBank and PayAnyCard solutions are designed to handle varying transaction volumes, making it suitable for operators experiencing rapid growth. The platform facilitates payments in 126 countries and supports 18 currencies within its eWallet system. With infrastructure available in 21 languages and support for localised payment methods, operators can scale geographically while offering real-time eWallet processing.
Player Experience
Players enjoy a seamless deposit process with access to 80+ payment methods directly within the operator’s cashier system. The eWallet securely stores multiple payment options, eliminating the need for repeated data entry. UK and EEA customers benefit from a free Virtual IBAN, allowing fee-free top-ups from IBAN-enabled accounts. Withdrawals are processed within 1–2 working days, and the multi-currency eWallet feature helps players avoid conversion fees when making cross-border transactions. For Malta-based operators, this ensures a smoother experience for European players managing funds in EUR (€) alongside other currencies. These features make MiFinity a reliable and efficient choice for operators looking to enhance their payment systems.
Advantages and Disadvantages
Every solution comes with its own set of strengths and challenges. By weighing these trade-offs, operators can make smarter decisions tailored to their operational goals and the preferences of their players.
Here’s a comparison of how various platforms perform in the key areas of Fluid Insights of integration speed, fraud prevention, scalability, and player experience. This table summarises the standout features of each solution, making it easier to evaluate options at a glance.
| Solution | Integration Speed | Fraud Prevention | Scalability | Player Experience |
|---|---|---|---|---|
| Fluid | Lightning-fast integration with minimal effort; seamless, branded checkout | AI/ML-powered fraud detection with real-time behaviour analytics | Supports multiple currencies and cryptocurrencies; mobile and tablet-first design | AI-personalised payment journeys; clear, guided steps |
| Skrill | Standard API setup | Robust 2FA with SSL encryption | Operates in 200+ countries with 40+ currencies | Instant deposits; merchant fees 1.9–2.9% + fixed fee; 3.99% conversion fee |
| AsiaPay | Predominantly Asia-Pacific focused | PCI DSS Level 1 certified; tokenisation available | Strong Asia-Pacific presence | Localised payment methods for Asian markets; may lack familiarity for Maltese players |
| Praxis | Modular API allows customisation but extends implementation time | Risk management tools included; manual review processes | Manages high volumes; ideal for emerging markets | Multiple payment methods; withdrawal processing times vary by region |
| Paytm | Primarily designed for Indian market; integration complexity for Malta-based operators | KYC verification required; fraud monitoring systems | Focuses on INR transactions | Popular with Indian players; limited European applicability |
| MiFinity | iFrame or API integration with dedicated support; batch file processing during implementation | Biometric authentication (FaceID, TouchID); 24-hour manual KYC review for flagged transactions | Operates in 126 countries; supports 18 currencies in eWallet; available in 21 languages | 80+ payment methods; 1–2 working days for withdrawals; free Virtual IBAN for UK and EEA customers |
For operators in Malta catering to European players, solutions that offer FCA and MFSA regulation, EUR (€) support, and IBAN functionality are often better suited to meet compliance standards and player expectations. The ideal choice will depend on how well the platform aligns with the operator’s priorities in areas like integration ease, security measures, scalability, and overall user experience.
Conclusion
For operators in Malta aiming to attract European players, the focus should be on solutions that ensure compliance with MGA regulations, support transactions in EUR (€), and offer advanced fraud prevention - all while integrating smoothly into existing systems.
This is where Fluid shines. Designed specifically for iGaming, Fluid leverages AI to personalise payment journeys in real time, adapting to player behaviour seamlessly. Unlike manual vs AI-powered payment processing in older, rule-based systems, its machine learning improves fraud detection without disrupting the checkout experience. With quick integration and a mobile-first approach, Fluid helps operators launch swiftly while delivering excellent performance on any device.
Whether you’re handling large transaction volumes across multiple markets, need instant deposits and withdrawals, or prioritise fraud prevention, Fluid has you covered. Its scalability supports growth, its speed meets player expectations, and its AI-driven fraud detection outperforms manual processes.
Think about your specific needs - whether that’s cryptocurrency options, local payment methods, or actionable data insights - and let Fluid provide a solution that aligns with both your current operations and future goals.
FAQs
Which option best fits Malta-licensed iGaming operators?
For iGaming operators licensed in Malta, Fluid is a strong choice thanks to its alignment with Malta Gaming Authority (MGA) standards. It supports the euro (€), local payment methods, and offers AI-driven security solutions tailored specifically for the Maltese market. With features like smooth integration, cryptocurrency compatibility, and real-time analytics, Fluid delivers a quick, compliant, and reliable experience that meets the rigorous regulatory requirements of Malta’s iGaming sector.
How do I choose based on fraud and chargebacks?
When choosing a payment solution for the iGaming industry, it’s essential to focus on platforms that offer robust fraud prevention measures. Opt for solutions equipped with tools like real-time fraud detection, behavioural analytics, and adaptive risk scoring to help minimise chargebacks and deter fraudulent activities. Additionally, ensure the platform adheres to local regulations and includes advanced features like device intelligence and digital footprint analysis. These capabilities are particularly effective in addressing common fraud tactics such as multi-accounting and bonus exploitation.
What integration time should I expect?
With Fluid, the integration process is quick and straightforward, often taking just minutes. This means you can begin managing payments efficiently with almost no interruptions to your workflow.
