PayBrokers, a leader in the iGaming payment segment in Brazil, highlights that the final deadline to request the balance migration to the Alternative Payment System (APS) ends this Friday (13). The date was set by the Secretary of Prizes and Bets as the limit for operators who wish to adjust their operations to the new regulations of the regulated market, which will come into effect on January 1, 2025.
See below the checklist created by PayBrokers for guiding companies in the pre-regulated market phase:
1. Open accounts in the authorized environment
Make sure 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
Prepare to collect your players' authorization 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 environment to the national one 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
Ensure that the Payment Institution (IP) platform you are using is technologically prepared to meet the demands of the regulated market.
If you have any questions, the commercial team at PayBrokers is available to help. Contact us, as our commitment is to ensure that the transition is safe, agile, and aligned with regulations.
Source: PayBrokers
