Gaming Payment Gateway instantly secures online payment transactions from potential threats
The gaming market is estimated to have a turnover of USD 198.40 billion in 2021, and also it is expected to reach USD 339.95 billion by 2027. The gaming industry is growing at a CAGR of 8.94 percent between 2022 and 2027. Because of the nationwide lockdowns imposed as a result of the COVID-19 pandemic, some people turned to game platforms to pass the time. As a result, these platforms drew hundreds of thousands of new visitors to online traffic. Recently, video gaming trends have seen a massive increase in both players and revenue.
A reliable payment processing can make a huge difference to your gaming business.
When it comes to payments, you’ll want to make sure you’re dealing with a reputable organization. After all, it’s only through your payments that you can keep the lights on and food on the table. You don’t want to work with a fly-by-night company that could vanish tomorrow and takes your money with them. That’s why it’s critical to work with a reliable gaming payment gateway provider. These businesses have a proven track record of success, and they will not jeopardize their name by disappearing with your money. So, if you want to be safe, make sure you choose a trustworthy payment processing service.
Chargebacks in the gaming industry have three common causes
The chargeback system exists to protect cardholders, and the process is designed to protect the consumer rather than the merchant.
Consumer dissatisfaction with products or services consumed is a common reason for chargebacks. A merchant, for example, might write an enticing online description to easily sell products or services. However, when the product or service is delivered, the consumer discovers that it is not as described or what they expected. The threat of chargebacks from dissatisfied customers motivates merchants to focus on providing the best possible consumer experience and products or services.
Intentional friendly fraud is on the rise. When a consumer purchases with their credit card and then disputes the charge. Friendly fraud occurs when an item is delivered with the intent of receiving free merchandise. A merchant’s only option may be to provide proof that the merchandise is available, so keeping good transaction records is critical.
As previously stated, cyber fraud is becoming more common. The best line of defense for a merchant is prevention. And, having a gaming website payment system with built-in fraud prevention and detection is a great place to start.
Steps to Prevent Chargebacks
- Provide high-quality goods and services.
- Advertise products and services accurately.
- To effectively defend against chargebacks, you should have a knowledgeable support team.
- Give excellent customer service.
- Install systems to detect and prevent fraudulent credit card activity.
- Maintain accurate transaction records.
Gaming Payment Gateway can help you with the processing of payments efficiently
We’ll go through numerous payment processing tactics in this blog article to help you develop your business!
Using these tried-and-true tactics, you can boost your profits and expand your business!
1. Make it simple for customers to pay — provide a clear and concise payment method.
That’s why having a transparent payment procedure – one that customers can comprehend – is so important for businesses. Customers are more satisfied and loyal when they can make payments promptly and simply. In today’s competitive industry, customer satisfaction is more vital than ever, so make sure your payment process is up to pace.
2. Inform your customers about the many payment options available for your products or services.
When it comes to client loyalty and retention, it’s critical to inform them about the various ways they might pay for your products or services. Consumers today have more payment alternatives than ever before, and it can be difficult to understand all of them.
You can assist your customers in selecting the payment method that best meets their needs by describing the advantages and disadvantages of each payment method. You might propose that they use a credit or debit card if they’re seeking the most convenient way to pay. If they’re seeking the greatest offer, however, you might suggest utilizing cash or a reward program. Taking the time to educate your customers, regardless of their preferences, demonstrates that you value their company.
3. Expense reduction
Finding methods to save costs is another wonderful strategy to increase profitability. There are a few options here, but one is to employ a payment processing business that gives transaction charge savings. This can help you save a large amount of money over time, allowing you to grow your business and enhance revenues.
4. Mobile Payments
Offering mobile payments is another excellent approach to expanding your business. Mobile payments are getting increasingly popular; therefore you should make them available to your clients. You’ll be able to reach a larger audience and increase profits this way.
5. Managing Your Reputation
It’s also crucial that you pay attention to reputation management. Quality content on your website and social media channels can help you achieve this. You’ll be able to attract more customers and expand your business by doing so.
6. Loyalty Programs to Boost Profits and Expand Your Company
Customers will return to your business if you have a loyalty program in place. Customers may be enticed to stay by offering discounts, points, or other incentives.
These are just a handful of the many payment processing options available to help you develop your business and generate earnings. With these tactics in place, you’ll be well on your way to increasing revenues and recruiting new clients!
Why choose Amald for getting Gaming Payment Gateway?
We support merchants so that they can grow their businesses through fair and honest practices. Making customers happy is more important than making money in business.
Our merchant services can provide premium services not only to business owners but also to their customers. We never keep anything from our clients because we want business owners to be proud of offering credit card processing on their websites.
Services provided by Amald include;-
Processing of credit and debit cards:
Some people shop with credit cards, while others use debit cards, so having both options will broaden your domain.
One of the most important aspects of growing your business is having a technologically efficient website. We provide a cost-effective solution that includes fraud detection and a chargeback prevention mechanism.
PCI DSS Security:
Businesses must adhere to the PCI security standard. We can keep it running for your company.
Multiple Currency Support:
We help businesses with multi-currencies facilities so that they can accept payments in the preferred currency of geographic location.