Cyprus online casinos in 2022 will be vastly different from what they are now. The City of Dreams is expected to attract nearly 300,000 gamblers per year and create nearly 11 000 jobs.
Cyprus is a paradise that attracts thousands of tourists due to its beautiful nature and the azure sea. Is the island, however, as appealing to gamblers?
Cyprus has been the international business hub. In recent years, a large number of startups and tech companies are shifting their headquarters to Cyprus.
Aside from being established as a safe and reliable jurisdiction. Cyprus is also high on the list of options due to its cost-effective services, favorable tax, and business environment. It also includes more than 60 double tax treaties, and skilled workforce.
The best Cyprus casinos always have sleek and easy-to-navigate websites, multilingual interfaces, and customer support that will assist you at every stage of the gaming process. You should be helped in any situation you may encounter while using a specific gambling website. Regardless of whether you are a newcomer or a professional who is aware of all the gambling pitfalls.
The first thing to do is compare transaction fees. Look for payment gateways that charge a flat fee. You should also keep an eye out for any hidden fees, set-up fees, or other miscellaneous costs.
We at Amald have a network of the vast majority of payment providers, ranging from the very large and corporate to the small and flexible. Once we understand your operational requirements, we can provide you with a list of the best companies to serve your needs from which to choose.
How to choose a Payment Gateway in Cyprus that best suits your business requirements?
Here are some of the pointers that will help you choose the best payment processor for your casino business.
- It would be a good idea to compare and study the various payment options that are supported. As having multiple options allows customers to pay using their preferred method.
- Next, consider which currencies are supported by the payment gateway. For example, if you have several customers from UK, offering payment gateway options that accept Pound payments will almost certainly help improve your conversion rates.
- Customers do not want to waste time filling out forms before they can check out. It is an added benefit to provide a payment gateway with instant checkout options and no need to sign up.
- The payment settlement time is another critical factor to consider when comparing payment solution providers. Payment gateways that process transaction amounts quickly will help you increase your cash flow.
- Before selecting an option, it is critical to thoroughly read the terms and conditions. A payment gateway that provides extensive support both before and after installation is a huge advantage.
Feasible Credit Card Processing services for business in Cyprus
If you apply for credit card processing and are denied because you are a risky business, don’t give up; instead, make sure you understand the situation and try to resolve it. While not all processing companies will accept a higher-risk business, there are a few that specialize in high-risk transactions. Keep in mind that having a high-risk business means paying higher rates for accepting credit cards, but it does give you the option to weigh.
If it has been a long time for you in processing a business and you are just looking for better rates, then your processing rate will depend on how long you have been in business and how much chargeback your business is having in the long run. If you have a low volume of chargebacks, you may be able to get better rates than a business with a high percentage of chargebacks. Some credit card processing companies that work with high-risk businesses require a reserve account with funds set aside in case of fraud or chargeback’s.
How can we at Amald can assist your casino business?
Your payment options must be appropriate for your volume of business, but they must also be the quickest method of payment to your target market, ensuring that your valued customers can get their money into and out of their gaming accounts with the least amount of delay.
We offer a Cyprus Casino Merchant Accounts solution that facilitates commercial transactions by providing businesses with an efficient payment gateway that allows them to adapt to changing business requirements. Payment transactions for casino businesses or merchants are flexible and convenient with Gambling Merchant Accounts, allowing the company to thrive.