Poker Merchant Account - What It Offers & How To Choose The Right One?
by Confidential Banking #1 Merchant Processing ServicesJumping 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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Created on Jul 3rd 2020 06:41. Viewed 198 times.