To paraphrase the idiom, in the era of the internet, speed is king. Ready-made solutions have proved to be an enticing shortcut in terms of introducing online businesses, in e-commerce, SaaS, online education or iGaming, not only to the startups, but also to the established brands. However, where it is easy, one should expect slip-ups. A bad selection of the provider may lead to unseen costs, compliance problems, and the inability to scale, which are long and expensive to address down the road.
To prevent the expensive failure of using a ready-made solution, the following are the most frequent mistakes entrepreneurs make during the selection process. This way, you can find the best iGaming solutions provider.
Only Speed and Not Long-Term Viability.
It is easy to be lured by the provider who offers a fully launched platform within days. However, not every quick launch is similar. In order to deploy fast, many providers will sacrifice backend architecture, scalability, or security.
An alternative: Don’t consider the demo. Find out about the technology used, the infrastructure, the database organisation, and the possibility to multiply the solution with the evolution of your company. It would take just a couple of additional weeks to vet providers who may end up costing months of work later on during the migration process.
Neglecting Licensing, Legal Safeguards and Compliance
The litany of regulations is one aspect that is often ignored by the business owner, primarily during the startup phase of international business or a highly regulated business nature. You may not find any directions or help in working within the terms of the law on all ready-made platforms, and some may even delegate the compliance to your initiative.
Alternative action: Make sure that the provider comprehends the legal requirements in your market and provides advice or integration with compliance instruments (e.g., KYC, data protection, financial reporting). This is considered to be particularly critical in such sectors as finance, health and gambling.
Neglecting the Research on the Importance of Customisation
Simple does not imply generic, and most of these platforms are extremely inflexible and are wary about personal branding, creating features, or redesigning the user experience. This constrains customisation and can be a disappointment to the user who has a more perfect experience in mind.
What to do instead: Select the provider that allows you to make modular customisation. Ensure you have the ability to alter the appearance and functionality, connect with third-party apps, and manipulate customer paths without being pinned down by the developer section of the vendor organisation.
The price over value choice
The temptation of nearly every business is to look at the various providers and choose the lowest possible price, only to get billed with the associated costs of lackluster customer service or antiquated technology. A small initial expenditure might also be tempting. Yet, a poorly constructed foundation can end up costing a lot more in repairing, customer retention, or damaged reputation.
Instead, do this: Consider the total cost of ownership (TCO), such as licensing fees, customisation costs, transaction commissions and support. In addition to this, request case studies or client references, and a good provider will be glad to pony up.
Ignoring the Support and Maintenance
Another of the usual pitfalls is that it is supposedly taken care of by the provider in the after-launch period. As a matter of fact, certain vendors offer little or no after-sales support and/ or are very expensive to update to the latest version, fix bugs, or even undertake ordinary maintenance.
The alternative: Explain the amount of support between shifts. Does it have 24/ 7 tech support? Do updates take place automatically? What is the SLA for fixing problems? A support provider must provide transparent support levels and optimisation services.
Failure to Put Scalability and Future Features into Consideration
The small Internet shop or sportsbook of today might be called upon to accommodate thousands of people in the future. Most platforms are not designed to scale, at least not that well when it comes to running transactions, holding or processing user information, or adding new functionality as your company develops.
What to do instead: select a provider that has a scalable infrastructure (preferably the cloud). Ask them about their API flexibility, future support of plugins and how they plan to develop features.
iGaming- Ready-Made Solutions: A High-Risk Industry
In iGaming (including online casinos and online sportsbooks), the stakes are even greater. Selecting an inappropriate white label or turnkey provider may trigger serious regulatory problems, delays in payment, or ineffective game performance, which directly affect the level of player trust and retention.
Among the major pitfalls that operators can make is picking an unlicensed solution or a solution that does not have payment gateway integration and support. Other solutions for iGaming may appear professional but lack an appropriate amount of risk management, responsible gaming tools and compliance functionalities such as KYC, AML monitoring or geo-blocking.
Alternative action to take: Conduct due diligence of the provider. An excellent iGaming solution must entail:
- PAM (Player Account Management) complete system
- Acceptance of multi-currency wallets and regional payment systems
- Its compatibility with the top game suppliers
- Responsible gaming tools and built-in compliance Elements
- High-traffic scalability events, such as sports finals or tournaments Scalability performance
- Regional customising and localisation choices
Additionally, look to see that the provider gives legal advice or licensing alliances, notably in the event of you tackling pristine markets such as Latin America or Asia, where regulations are shifting.
Ready-made solutions may be a very fruitful method of penetrating a market quickly, as long as they are selected carefully. There are several pitfalls to this online business. Still, by avoiding them and assuming your provider as a long-term partner and not as a mere vendor, your online business will not just be fast to launch but thriving.
Whether you are opening a fashion shop, a SaaS solution, or a fully developed sportsbook, a proper solution provider must help you to create, transform, and tackle every obstacle on the way.