One challenge of casino operators is tapping into the Asian market. There is a struggle to find compatible payment methods for players in that region to use. Asian-based betting sites like Vio88 and YesBet88 use mostly bank transfers, making it hard for tourists armed with credit/debit cards or e-wallets to fund their accounts in these aforementioned casinos.
This is where PaySec comes in. Launched in 2014, the company helps foreign gaming hub operators to make banking convenient for Asian gamers. Simply put, PaySec is a gateway for card payments in which users have to key in their card details so that they could transfer funds to their casino account. Unfortunately, though, this banking method does not process withdrawals. In this case, players must look for an alternative method to cash out their winnings.
At the moment, PaySec is available only in a few betting sites. These include 1xSlot and Betsocial Casino.