Sticpay: e-wallet meant for the avid iGaming player

Being able to serve players and receive payments for iGaming website transactions around the world is one thing that the leading online casino operators prioritize. Sticpay and other electronic wallet services have expanded the reach of digital businesses and penetrated exotic markets that, as a result, gave new ways of improving the experience of dealing with an iGaming cashier. Making deposits with speed and ease helps capture the loyalty of online players which keeps e-commerce businesses afloat and ready to grow. 

Payments need to be dealt with as fast as possible to create the comprehensive experience that today’s players want in their gaming sessions. Integrating this wallet into the casino deposit process expands customer options, thanks to its extensive optimization for mobile devices. Whether the clientele being targeted is in Asia or America, Sticpay as a multicurrency payment method can help support your business.

This is a detailed review of the Sticpay e-wallet for iGaming and what business owners can expect when integrating it into their turnkey online casino platform.

What is Sticpay?

Sticpay is a global electronic wallet service that is based on sending and receiving funds to and from a wide variety of sources. This includes local bank accounts, international bank accounts, and fellow users — of which no commission fees are charged. This gateway for payments also serves as a payment system for high-risk industries. Such as online gaming, and carving out a niche like payments for iGaming website players.

A notable aspect of the service for players in exotic markets is its support for many non-major currencies. For example, this electronic wallet hosts local withdrawal support for the following currencies in Asia:

• Japanese Yen;
• Hong Kong Dollar;
• Indonesian Rupiah;
• Malaysian Ringit;
• Singaporean Dollar;
• Chinese Yen;
• South Korean Won;
• Philippine Peso;
• Thailand Baht;
• Australian Dollar.

The service is not only a multicurrency payment method but also offers users support for cryptocurrencies thanks to its partnership with Binance Pay, which further supports their approach toward exotic markets. Starting in 2023, it allowed the service’s users to trade features for 70+ popular cryptocurrencies while charging around 1% for each transaction.

Compared to other services offering payments for iGaming website accounts, the user experience for electronic wallets is catered for online transactions. Comparing this wallet with other similar services, this one offers competitive fees for payments with 1% charged for international bank transfers and 2% for local banks. Other processing fees include withdrawal fees for international banks, which can reach up to 5%, and fixed rates added to percentages for local currencies, depending on the currency being withdrawn.

Why use it as a business owner?

Aside from supporting funding sources like credit cards and crypto wallets, Sticpay is a service meant as a payment system for high-risk industries. Users simply choose an iGaming site such as a turnkey online casino and register their account as a “cashback account”. All this is thanks to their STICPLAY program. It allows for partner operators to offer cashback rates and other promotion opportunities, rewarding payments for iGaming website accounts.

Advantages:

• Quick transfers to other users, low fees, and transparent details on the online site;
• Security features including Know-Your-Customer measures and Two-factor authentication.

Launched in 2024, STICPLAY and other promotions, offered by the electronic wallet, allow for around 10% cash-back on losses and even allow for partner casinos to give exclusive bonuses to payments for iGaming website functions. Thanks to sound security features like 2-factor authentication, players will confidently be able to use fiat or cryptocurrency holdings for dealing with an iGaming cashier.

This service does support most major currencies across the globe but prioritizes Asian territories with the capabilities for local bank transfers. Users can make payments into their accounts in under a minute through credit card, bank transfers, and even cryptocurrency holdings. Receiving funds takes a similar amount of time and can be deposited directly to the associated bank account of the user.

Disadvantages:

• The service only has local payouts for 8 countries, the ones mentioned above
• There seems to be a lack of live chat or phone support, mostly reliant on emails and the like

In terms of customer support, the service offers a comprehensive FAQ on their website alongside a contact page that lists their many emails separated according to topics. Take note that reaching a live agent of the company might be difficult as there is no live phone service or live chat option. This has been a point of friction for both businesses and individuals as some reviews have complained of difficulty in contacting support staff.

Another disadvantage is that it only accepts local withdrawals within 8 countries: Japan, Hong Kong, Indonesia, Malaysia, Singapore, China, South Korea, Philippines, Thailand, and Australia. For other payments, users will have to go through an international payment service which might be a negative for players who want to deposit with their iGaming cashier of choice.

Conclusion

Sticpay has shown itself as a reliable and inexpensive choice for players and turnkey online casino operators thanks to its reach and simplicity. However, it also comes with its own set of disadvantages such as only having local withdrawal available to 8 Asian countries and a lack of live support for issues. Benefits do come around with the service being partnered up with online casino operators, creating new ways to experience the gaming scene with more options and less hassle.

Payments are some of the most underrated parts of the turnkey online casino experience as today’s market gravitates towards faster transactions. Making sure your iGaming cashier is capable of receiving payments for iGaming website games from all over the world is key to earning the trust of your players. Monoup has all the information any e-commerce business might need to fix their payment routing issues and build upon it. Consult with us today through our official website and check out our blog for more solutions tailored to digital storefronts.