Opening an online gaming merchant account is the best way to accept credit and debit card payments from the international customers. When you offer secure payment methods to your clients, they tend to visit your website more.
Online gambling is one of the essential elements of online gaming. It is a well-known fact that Internet gaming is deemed as a high-risk industry. Therefore, it becomes difficult for the online gaming merchants to process online payments. The high chargeback rates and the highly regulated nature of online gambling have made it a risky venture. Most banks and financial institutions do not support the online gaming businesses.
However, individual companies offer you a safe and secure means to accept payments from your customers.
The services that you will receive after opening an online gaming merchant account are:
- Online payment processing
When you open an online gaming merchant account highrisk your customers will pay you in their local currency, but the electronic payment processor will convert the concerned currency.
- The acceptance of credit and debit card payments
The electronic payment processing provides a gateway for accepting almost all kinds of debt and credit cards from any device having an internet connection. The online payment option proves to be useful as the customers can pay the money quickly without encountering any problems.
- Mobile payment options
A large number of gamers play on their mobile phones. Therefore, enabling the mobile payments option is likely to fetch you more customers. When they receive a message about their transaction on their phone, they are assured that there was no fraudulent behaviour on the part of the merchant. This helps you to earn their trust and loyalty. Moreover, you can issue any rewards or even refunds to your customer’s card.
- Transaction information
You can receive the information of the authorized transactions from your account. This enables you to estimate your profits and keep your business in check.
Opening an online gaming merchant account is advantageous because it boosts your business and increases your profits by enabling your customers to make online payments in a simplified manner.