Currently, the EU has the largest internet gaming market. The European online casino industry is growing quickly, despite a valuation of 10 billion Euros. The reason for this is that some countries, such as the United States and China, strictly regulate betting. Or allow it in specific areas such as Las Vegas and Macau.
Despite the fact that an increasing number of online wagering organizations are springing up, there is still plenty of room in the industry, which is expected to grow by double digits in 2025 and beyond.
Credit card payments remain the most common type of payment, but with the increasing number of online payments comes to an increase in scammers. As a merchant, you must ensure that you provide the best payment security and that your customers’ data is secure.
There are a lot of e-commerce and m-commerce transactions nowadays, which opens the door for cybercriminals. Customers are usually unable to choose their own payment gateway, so it is up to you to make the best and most appropriate choice for them.
Data thieves have extensive knowledge of how new technologies work, so they are always on the lookout for unprotected points of payment processing.
There are numerous methods for protecting your data and preventing it from being stolen. Given below are some of the ways:
PCI (Payment Card Industry) compliance is required when accepting payments on your website. The Payment Card Industry Data Security Standards (PCI DSS) provide merchants with guidance on what they must do to secure sensitive data in payment processing.
If a merchant chooses the right payment provider, he or she is not required to be PCI compliant (one with PCI level 1). He or she can delegate compliance with industry-level security excellence to the payment gateway. It should be noted that PCI requires data encryption.
Every transaction should be encrypted using the SSL protocol. SSL aids in the encryption of information, ensuring the security of credit card information and other sensitive and important data. It improves payment security, but it also makes customers more eager to make a purchase.
SERVICE FOR ADDRESS VERIFICATION
You can also use an Address Verification Service, which requires customers to provide their credit card billing address. The transaction will be completed if the address on the card matches the one in the bank’s records.
Many businesses struggle to control the location and storage of their payment data, but nearly 42 percent believe that payment data is at serious risk when stored. According to a Global Study on the State of Payment Data Security, more than half of organizations experienced a payment data breach within the last three years.
3D Secure adds extra security to transactions and provides numerous benefits. 3D Secure generates a secure password for the credit card of the merchant. Each transaction is then validated with a password, adding an additional layer of security. It can reduce the number of fraudulent transactions while increasing your earnings.
Amald will assist you in securing your payment processing so that you can provide the best payment security to your customers. We also offer high-risk merchant services; contact us for answers to all of your payment processing security questions.
How Online Casino Merchant Account can reduce processing time?
The main step that takes the most time is processing. Furthermore, if the processing time can be reduced, the merchant will receive the funds quickly. Let’s get the merchant’s guide to getting funds faster started with quick processing.
Choose a Processor with Fast Funding –
The market is flooded with merchant service providers. They provide various appealing schemes to merchants in order to sell their service. However, a merchant should select the processor that processes the transaction in the shortest amount of time while not violating any security rules.
Avoid Card-Not-Present Transactions –
Payments made using methods that do not ensure that the card was not present at the time of purchase may take longer to process. To process the transaction faster, use a magnetic stripe swipe or an EMV chip, as these ensure Card-Present transactions.
Reduce the Number of Chargebacks–
If a merchant has a large number of chargebacks. The merchant’s transactions will then take longer to process in order to avoid any illegal activity. For business transactions, use the chargeback proof method.
Do not Exceed the Processing Limit –
Each merchant service provider provides the merchant with a weekly or monthly processing limit. If the merchant exceeds this limit, the transactions will be rejected.
Choose a Processor with Effective 24/7 Support –
If you are having problems with your transaction processing, make sure your merchant processor provides support to assist you with your processing error.
Why you should choose Amald as your Online Casino Merchant Account Provider?
We recommend that you spend some time deciding on the best merchant service provider for your Casino business, one that will be suitable for your company and provide better services. Always prioritize value over the price for a better user experience and long-term benefits.
We hope you will select the best merchant service provider as a Payment Gateway for your company. Amald is always ready to offer you the best services. Simply go to our website and fill out the application form. You can also contact us via email at any time of day or night.
Amald specializes in online gaming merchant accounts as well as online casino payment gateways and provides the best casino merchant account in the industry. We are a team of online gambling payment processor experts who collaborate closely with suppliers to ensure you get the best for your business needs.
We have been recognized as the Best High-Risk Merchant Account Services Provider. Our team is highly expert in providing high-risk and offshore merchant accounts.
We at Amald make payment processing simple. We are confident that you will select the best merchant service provider for your company.