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Poker Merchant Account - What It Offers & How To Choose The Right One?

by Confidential Banking #1 Merchant Processing Services

Jumping on the bandwagon, a host of gaming services have now migrated to the internet. Perhaps the most popular of these games is online poker, which includes card games such as Texas Hold'em, Omaha, Five-Card Draw, Seven-Card Stud, Razz, Lowball, and more.

When playing online poker, players can place real-time bets and win real money. Such bets and transactions have a high frequency and are characterized by enormous cash volumes. Also, keep in mind that poker and other gaming/betting sites are global and their player base is spread across the world, so there is an influx of multiple currencies on such platforms. These are just a few reasons why the online poker and gaming industry is branded "high risk," — meaning that it can be incredibly challenging for poker site owners to find a secure payment processing solution that allows them to process financial transactions and payments.

Are you setting up a poker website? Well, then, how are you going to choose a payment processing solution that’s right for your high risk business? By working with a high risk specialist, that’s how!

High risk merchant account service providers can match your online poker website with an offshore acquiring bank that will provide the best payment processing solution for you. These banks have fewer trading restrictions than domestic acquiring banks in the U.S., which means that you can get your online poker merchant account up and running — and start accepting card payments on your website — in just 3 to 4 weeks.

But how do you find a reliable high risk payment processor?

Here’s what you need to look for:

      Payment Card Industry Data Security Standards (PCI-DSS) is a set of regulations established by five major payment card brands: Visa, MasterCard, American Express, Discover, and JCB. You need to find a high risk merchant account service provider that provides you with a PCI compliant payment gateway to facilitate safe and secure transactions.

      Because the number of transactions on poker sites is enormous, a high risk merchant account services provider that charges a low transaction fee is what you need to look for.

      As mentioned, the player base of poker sites is global. So, you need a high risk merchant account that allows you to accept payments in the world’s most traded currencies, such as US dollars, British pounds, euros, and more.

      When you run an online poker business, there is always that risk of fraudsters trying to chip off funds. You need a high risk payment processor that has systems in place to protect your data from theft and reduce chargeback frauds.

      What good is a payment processing solution if it is not accompanied by an equally efficient customer support? Choose a high risk payment processor that offers round the clock customer support so any problems that might turn up in the future can be dealt with.

Armed with the basics, now you can look for a merchant account services provider as you know exactly what you want. There are several companies that offer comprehensive high risk merchant services and you can choose the one that fits best to your needs. 


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About Confidential Banking Innovator   #1 Merchant Processing Services

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Created on Jul 3rd 2020 06:41. Viewed 187 times.

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