As a bookie PPH, one of your responsibilities is to collect wagers from your players. And, of course, its also your job to pay your players when they win their bets. But how does it all happen? How do players pay their bookies? Can they use different currencies, what about credit cards?
If you look at various sportsbook pay per head reviews, you will see that your bookie software will help you track all activity, so processing is not going to be complicated for you. But more than that, as a bookie, its your choice when it comes to payments that you will take from your players. You will largely depend on what is easily accessible for your players, but you can impose a few rules on payment, which we will get to later.
First, let’s talk about how players can pay you and in what currency. Normally, you go for the local currency, as it is the easiest to send to everyone. Local transactions tend to have less fees as well. But some players will request, or ask if you accept cryptocurrency. As you know, using cryptocurrency can help maintain the privacy and anonymity of people, so be prepared for this. You can also take in payments from bank transfers, e-wallets, money transfer companies, and the like.
As a bookie, you can also control how people can get their money. For example, if a player pays you in crypto, then pay them back in crypto. If they pay via transfer, then transfer their money back the same way. It not only simplifies things for you, but it also protects you from people who would try to abuse payment channels. Most sportsbooks do this, so it will not be uncommon for you to impose this rule in your pay per head bookie operation.