Discussing AirTM benefits for global business

Digital wallets like AirTM are a great option for international crypto payments and online casino payments. With so many people connected online, the next frontier is in e-commerce and the digital markets that it creates. iGaming has been a great industry to get into thanks to new and exciting features that take the best of technological progress and craft it into experiences. As more people enter into online payments for games, every online casino face increasing payment risks.

One of the issues that businesses may encounter is the stability of the U.S. Dollar, now made available digitally through USDC or the US Dollar Coin. It has all the hallmarks of the highly demanded dollar but maintains the easy-to-use nature of mobile payments. All of this is accessible through AirTM and its huge peer-to-peer network. It allows for instant payments and low transmission fees for both USDC and other crypto payments.

What is AirTM?

Received FinCEN authorization in the United States, AirTM offers a connected digital dollar account for buying and selling USDC. This form of the US Dollar is a “stablecoin”, meant to be exchanged 1:1 with the US Dollar and through crypto payments. Since it is backed by the government itself, this allows the currency and AirTM to be linked with national and international banking systems.

AirTM operates within 190+ countries. It gives its users a near-worldwide reach that extends to both individual and business accounts. Take note that there are countries that are not supported by the payment method and are not able to make fiat or crypto payments. These include:

• Belarus
• Iran
• North Korea
• Syria
• Russia
• Cuba
• Sudan

Most of its security functions (2FA, KYC, etc.) were made according to the regulations of FinCEN, a bureau under the US Treasury Department that protects the system against money laundering and potential financing of terrorism. Aside from this, this payment method offers better protection against the volatility of other currencies because the service relies on USDC and the US Dollar. It supports Bitcoin and Ethereum, so it gives the option for crypto payments too.

How it acts as a payment solution for iGaming

This payment method stands out by using a peer-to-peer network. It enables individuals and business enterprises to connect with one another for instant transactions. It allows better transaction and exchange rates and also makes the payment method experience smoother with 400+ options.

In this payment method, withdrawals and fund additions are limited to $1 to $2,000 per attempt. Sending crypto payments out has a limit of $2,500 USDC per transaction, which affects potential deposits toward iGaming accounts. Other miscellaneous fees apply such as variable cashier fees, escrow fees, and AirTM fees for service provided. An additional no-show fee will also be imposed if the business does not complete its transaction within a given timeframe.

Registration is done through their official website with the actual process — requiring an email address and mobile number for confirmation purposes. Once it is filled out, a message will be sent to the filled-in email address which will lead users to another form for additional information. This has to be completed to gain full access to this payment method.

For businesses, extra information is needed to prevent payment risks and other security issues. Without this, business account will be inactive and unable to make any kind of transactions until the information form is submitted and checked out by the AirTM team.

Why use it as a business owner: pros and cons

As a payment solution for iGaming, the benefits of such a stable platform for businesses are significant, it protects enterprises from market volatility and higher-than-average transaction fees. The reach of its services is a great benefit for online payments for games, it allows players from all over the world online casino payments from their mobile devices. Commission fees are waived for transactions between AirTM users, encouraging them to use this payment method for all their payment needs. 

In terms of fees, this service charges a transaction fee which gambling operators should take it account. However, the fees charged by AirTM are not that high if to compare with card processing solutions. Cross-border transactions benefit the most from this, as it reduces potential expenses when receiving online casino payments from all parts of the world. Among the main pros:

• High level of security based on FinCEN regulations;
• Lower transaction fees for online payments for games;
• Supports crypto payments;
• Commission-free between users.

A lack of supported currencies does make it quite limiting as a payment solution for iGaming. Although the service does include an internal conversion service for other currencies, all services within AirTM are defaulted to use USD. This comes with its own currency exchange fees computed by factoring in market variables, the commission fee of the user being traded with, and the service fee of the currency platform (ex. Escrow). So, we would highlight a few cons to consider: 

• Transfer fees for currency conversions;
• Support for USD and USDC only, not including cryptocurrency options.

Conclusion

AirTM is a reliable service in a market where security has grown more valuable and the US Dollar remains a choice currency for online casino payments. The user experience is simple to understand and transactions are near-instant thanks to peer-to-peer connections. Alongside that, the business grants additional features to its “Enterprise” users helping to grow their business towards the international market. All of this and more make it a good payment solution for iGaming transactions over the world. 

With peer-to-peer connections and a large network of payment method options, players can get immense value through this service when they make online payments for games. Cross-border transactions become manageable for iGaming businesses, creating opportunities for further growth online. However, solely relying on one avenue of mobile payments can be risky without understanding the whole payment flow process.

Looking for more options to receive online payments for games? Want to see if adding crypto payments to your business will drive growth? These questions are the same for many e-commerce owners and require expertise to tackle. Monoup is here to offer businesses like online casinos and e-commerce shops the right payment solution for their website. Consult with us through our official website and check out our articles for more information that can help you make the right choice.