NOWPayments

Cryptocurrencies are no longer a novelty at online casinos. They became casino banking staples, sharing the cashier with other traditional PSPs. Moreover, some iGaming sites picked cryptos as the only payment type players can use for deposits and cashouts. Consequently, there are various crypto payment platforms on the market. And many of them work with online casino sites. One of them is NOWPayments.

We’ve reviewed this payment gateway to reveal the most important things casino players should know about it. Therefore, keep reading to discover which cryptos NOWPayments support and how to use them at iGaming sites. Let’s start.

What is NOWPayments?

NOWPayments is a B2B crypto payment gateway. Online casinos can add NOWPayments solutions to their cashiers with a single API integration. If you’re not familiar with what payment gateways are, let us explain. Payment gateways act as a middleman between casino players who deposit in crypto and casinos which receive these transactions in crypto or fiat currencies. Therefore, NOWPayments is not a payment method but a platform supporting various digital currencies.

Many casino sites offer digital currencies because cryptos are more convenient and easier to process than fiat currencies. Crypto coins are above the tax laws and tedious fiscal policies that apply to fiat money. It means that running an online gambling business using fiat money is hard. However, NOWPayments is one of the options that solve this pain point. It helps iGaming sites optimize their operations, making them more efficient, less costly, and player-friendly.

With NOWPayments crypto services, online casinos cater to players globally since cryptos know no boundaries. Also, crypto transactions are speedy and anonymous, which ticks the right boxes for many gamers.

The gateway offers instant conversions so casinos can receive payments in their preferred digital currency. Implementation of NOWPayments is super-easy and seamless. Casinos can benefit from the lowest deposit amounts in the crypto world, affordable fees, tailor-made features, and fiat processing.

NOWPayments fiat processing service allows casinos to accept crypto payments and make fiat settlements to their SEPA bank accounts. Fiat processing is available through a partnership with Switchere that enables the conversion of crypto assets to fiat money.

The team behind a well-known cryptocurrency exchange, ChangeNOW, founded NOWPayments in 2019. It’s worth noting that NOWPayments’ crypto gateway is non-custodial. It means that the company doesn’t hold and store funds. Instead, the entire amount is transferred directly to the client’s wallet.

Available cryptocurrencies

NOWPayments platform supports more than 160 cryptocurrencies. Digital currencies range from top crypto coins and stablecoins to less-known tokens. Leading cryptos include:

Bitcoin
Tether
Litecoin
Ethereum
XRP
Dash
Bitcoin Cash
DOGE
Solana
Cardano

Some of the stablecoins on the platform are USD Coin, DAI, Binance USD, Tether, and Pax Dollar. Other coins include TRON, Bitcoin Gold, Stellar, Zcash, Verge, and GAS, to name a few.

Facts

Payment Type	Crypto payment gateway
Headquarters	Seychelles
Launched	2019

How to Deposit with NOWPayments?

Open the casino’s cashier page and select NOWPayments to make a deposit. If you don’t see the NOWPayments logo, don’t worry. Pick the cryptocurrency it supports, and the platform will handle your transactions. In other words, look at the list of available digital coins and select the one you want to use for casino banking.

Then, enter the deposit sum, copy the casino’s wallet address and paste it into your wallet. Or, scan the QR code to link it directly with your crypto wallet. When you connect both accounts, confirm the transaction, and you’re good to go.

How to Withdraw with NOWPayments?

Withdrawals from NOWPayments online casinos are straightforward. Once again, load the cashier or banking page and open the “Withdrawal” section. You have to use the same crypto for cashing out that you used to top up the casino balance. Select the withdrawal amount and, this time, enter your wallet’s address. Click “Submit” and wait for approval from the casino’s payment department.

FAQ

Will I be charged for using NOWPayments at online casinos?

No, you won’t. The payment platform charges fees from online casinos, not you. Still, we recommend you check the casino’s T&C and read the small print on the banking page to avoid surprises.

Do I need a NOWPayments account to use it at casino sites?

No. NOWPayments is a B2B payment gateway, so you, as a player, don’t need to register. The casino has to sign the agreement. You just need a crypto wallet with enough coins in your account.

Are casino deposits with NOWPayments instant?

Yes. Crypto transactions are swift, and generally, they are processed within seconds.

Transfer Time and Fees

One of the benefits of crypto networks is that they are fast. Therefore, you can expect your deposit to arrive in your online casino balance in seconds. Withdrawals are, on the other hand, different and take more time. Still, NOWPayments says that all transactions take up to 5 minutes.

However, the speed of cashouts depends on the casino’s withdrawal policy. The pending times vary, as casinos need time to check and approve the payout. Also, the crypto networks need time to handle the payment. But, generally, crypto withdrawals are settled quickly, sometimes within a few hours or even faster.

NOWPayments has a processing fee of 0.4% or 0.5%, one of the lowest on the market. These costs are paid by online casinos and not players. Most online casinos don’t charge players for making transfers with NOWPayments. However, we advise you to check out the banking page and the T&Cs to learn if there are any added costs.

Security

The platform utilizes cutting-edge safety measures to protect the data and all transactions it handles. One of the advantages is that it doesn’t store any transaction information but sends the funds directly to the wallets once the payment is made. Finally, the very nature of crypto payments and blockchain technology is based on end-to-end encryption, decentralization, and anonymity.

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