This Friday (13th) marks the deadline for iGaming operators to request balance migration to the Alternative Payment System (SPA). The date was defined by the Prizes and Betting Secretariat as part of the adaptation to the new regulated market, which will come into force on January 1, 2025. Companies that do not adapt may face operational difficulties. See below a guide from PayBrokers to avoid any type of punishment.
Essential preparations for the new regulation
PayBrokers, a leader in payment solutions in the sector, released a checklist to help operators with the transition. The objective is to ensure that they are all ready for the regulated market. Check it out:
- Open accounts in the authorized environment. Check if your company has accounts in the authorized environment. This is a fundamental requirement to operate without interruptions.
- Authorization of player balance migration. Ask players for authorization to transfer balances to the regulated environment. Transparency and communication are crucial in this process.
- Plan the transition to national operations. Migrate activities from the international to the national environment. Ensure payment flows are integrated and routed to regulated IP accounts.
- Ensure technology integration. Ensure that the Payment Institution (IP) used is technologically aligned with the requirements of the new market.
PayBrokers Support
Therefore, for companies that still face doubts, the PayBrokers commercial team is available. Therefore, the priority is to ensure an agile transition in compliance with regulations. According to the company, “clear communication with players and compliance with regulations are essential pillars for success in the new scenario”.
In short, these changes promise to transform the iGaming sector in Brazil. Being prepared for new demands is the key to a successful future in the regulated market.
