The Best Online Gaming Merchant Account
by Amald 01 business servicesThe growth in digitalization is the
main reason for the industry’s growth across the globe. Moreover, countries are
developing bills to legalize the online
gaming business.
Players have the opportunity to play
legally. Moreover, without any fear of blocking the accounts and funds.
At the same time, merchants get more
opportunities to expand their business. And it also helps in improving the user
experience. Whereas, gambling is still considered a high-risk business. So, it
requires a relevant approach to monitor transactions.
A major decision a merchant should
make is selecting a payment gateway for a gaming business. In this
article, we will consider the main problems online gaming merchants face.
And get knowledge of how to choose a payment gateway.
Challenges that
gaming merchants come across with
· Security of personal data. Online
gaming pays great attention to security. The security of customers’ data is a
priority for any business. In the pandemic period, did the number of frauds in
the gaming business increase by 55%? So, when choosing an online gaming
merchant account. Moreover, you will have to pay attention to how secure the
system is from fraudsters.
· Funds Withdrawal Issues. Online
gaming is considered a high-risk business in many countries. And that refers to
such companies having difficulties when trying to withdraw funds. But, many
payment gateways have restricted the amount of withdrawal.
· High ratio of chargebacks. There
is a maximum chargeback limit for each business area. And fraudulent
transactions cause chargebacks. So an online gaming merchant account should
provide an extra level of security.
So, most online gaming businesses
must offer safe gaming practices. Keep minors out of gambling, and maintain
responsible gambling. So, they have to be partners with a gateway. And that
understands the business’s unique requirements.
Criteria for
choosing an online gaming merchant account
Based on the above issues, we have combined
a list of main criteria that can help you to answer the question. Which online
gaming merchant account is most suitable?
· Security. A customer’s data
security is the first thing a merchant account should provide. But the advanced
fraud detection and prevention methods are based on artificial intelligence.
Fraudulent transactions can not only be prevented or detected at the same time.
But they must be prevented from occurring in the future.
· Availability. Any customer must
have to make a payment from anywhere in the world by using a convenient method.
The more payment methods the merchant account provides, the better.
· Transaction records. The
transaction record is the ratio of successful transactions. As more reliable an
online gaming merchant account, the higher this ratio.
· Payment modes. An online gaming
merchant account should provide different payment options for buyers. Both
domestic and international.
· Technical support. The payment
service provider must provide professional technical support to the customers.
And help in resolving any issue.
How does an online
gaming merchant account beneficial for the gaming business?
If your online business accepts credit and debit card payments. Then your business needs an online gaming merchant account. Being a financial account. It transfers the funds from issuing banks to the merchant’s business bank account.
Additional Perks
An online gaming
merchant account provides you with benefits more than your imagination. Excepting the
advantages, you read above. There are some more benefits you must know. Let’s
explore them below.
· No setup fees.
· Fast approvals within 24-48 hours.
· High volume solutions such as multiple MIDS.
· Chargeback protection along with chargeback
prevention programs.
· Support for gaming operators.
· Comprehensive anti-fraud systems.
· Multiple payment methods.
· Real-time reporting tools for a detailed
overview of all the transactions.
· Multiple integration options.
· Tokenization.
Avoid Chargebacks
with Amald
As we discussed, chargebacks are a
major problem for the gaming industry. So, Amald has the best solutions to
avoid these risks. Players at an online blackjack platform when taking a huge
loss. Then they call their credit card issuer and deny the charge. But this
results in a battle that is hard to win for eCommerce merchant
Account. At Amald, we tell merchants how to avoid these situations and
disputes. And how to make profits without any barrier.
Why Amald?
Amald is not just a payment service
provider. But it is a full-fledged internet banking. And that also offers a
complete range of payment solutions.
Moreover, we will offer your business
a full-fledged online gaming merchant account.
With different
payment modes and support for international acquirers.
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Created on May 11th 2022 04:25. Viewed 183 times.