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Ends this Friday (13)

PayBrokers warns operators about deadline for requesting approval for balance migration

PayBrokers, a leader in the iGaming payments segment in Brazil, highlights that the final deadline for requesting balance migration to the Alternative Payment System (SPA) ends this Friday (13). The date was set by the Secretariat of Prizes and Betting (SPA) as a deadline for operators who wish to adjust their operations to the new regulations of the market, which will come into effect on January 1, 2025.

See below the checklist created by PayBrokers to guide companies in the pre-regulated market phase:

1. Open accounts in the authorized environment

Make sure that your company already has accounts opened in the authorized environment. This is one of the basic requirements to operate in the regulated market and avoid any interruptions in activities.

2. Authorization of player balance migration

Get ready to collect authorization from your players to migrate existing balances to the regulated environment. Transparency and clear communication with users are essential in this process.

3. Plan the transition from international operations to national operations

The migration from the international to the national environment is a significant step. It is crucial to ensure that all payment flows are properly integrated and functioning with the final destination in the regulated IP accounts.

4. Ensure technology integration

Make sure that the Payment Institution (PI) platform you are using is technologically prepared to meet the requirements of the regulated market.

If you have any questions, the PayBrokers sales team is available to help. Contact us, as we are committed to ensuring that the transition is safe, agile and in line with regulations.

Source: PayBrokers