Online Gaming Merchant Account propose ideal payment solutions for gaming merchants
As a growing and ever-growing market, online gaming has grown exponentially over the years and is expected to continue to grow in popularity. According to the data, worldwide gaming online traffic is expected to grow from 126 petabytes in 2016 to 568 petabytes by 2021, indicating that players are willing to keep playing.
North America and Asia Pacific, the two largest game regions, are expected to contribute 78 percent of total global revenue.
Although all indications indicate that casinos and online gaming are profitable, traditional banks will not bet on these businesses. Banks are hesitant to work with the online gambling industry due to the industry’s history and background, high chargeback rates, and legal concerns due to unclear laws.
Because the law states that a person or entity cannot “accept” money, this has no effect on a gambler. Because the law prohibits gambling establishments from lawfully accepting wire transfer payments, they must rely on companies that accept credit card transactions, such as Amald for gaming merchant account.
What is the cost of the Gaming Payment Gateway?
Your first criterion as a gaming merchant business is to find a service provider with reasonable rates. There are a number of expenses to consider. There are costs associated with setting up your merchant account, configuring/customizing it for your business, and paying PCI annual fees. Other types of fees include transaction charges, which can be fixed or variable per transaction. Some merchant account providers charge a monthly fee regardless of the number of transactions. Because online payment processing services vary by merchant account provider, understanding the overall cost will be beneficial to you. For a Fast, Solid, and Secure Merchant Account, contact Amald.
Important factors to consider while choosing online gaming payment gateway provider
Factor 1 – Service Fees and Additional Fees
Transaction processing fees and other service fees can reduce your profit. As a merchant, you should compare payment processing fees and select the one that is required. The following are the various fees or charges that a payment gateway service provider may levy.
- Monthly charges
- Setup costs
- Fees for Termination
- Internal Revenue Service (IRS) fees
- Fees for batches
- Annual charges
- Contract Fees
- Fees for customer service
- Fees for PCI (Payment Card Industry) compliance
- Statement charges
These are the fees that a payment gateway provider may charge. There could be more than what’s on the list above.
Factor 2 – is security and customer service
When choosing payment gateway providers, you should consider the security and customer service provided by the various service providers.
- A security breach can affect not only the merchant’s money but also the money of the customer.
- Make sure you read the company’s terms and conditions.
- You should investigate the level of security they provide.
- In addition, look into the support provided by the gateway service provider in the event of fraud or chargeback.
Factor 3 – Accepted Card and Payment Methods
To assist merchants in comparing payment gateway providers, different types of cards and payment methods should be accepted when accepting payments. Here is a list of well-known card service providers:
- American Express VISA MasterCard
- Discover \JCB \Diner
You must select card acceptance based on your customers. In addition, compare Payment Gateway providers based on the majority of card payments you receive.
Factor 4 – Is it user-friendly or customer-friendly?
Customers should be able to interact with and use the payment gateway. Customers with or without technical knowledge should be able to use the payment services without difficulty.
- Check to see if the services are available on mobile phones.
- Because the majority of users now conduct their transactions via mobile phones.
Furthermore, their response time and the length of time between payments should be considered.
Processing that is safe and secure
Because all credit card processing transactions are routed through multiple secure servers, no data is stored on your company’s computer. This ensures the safety and security of direct marketing processing. For business owners, online information is a major source of concern. Ensure that the online payment processing service has high security and that data encryption is up to date. SSL certificates, CVV2 verification, and complex encryption algorithms and restrictions are also security features. Many businesses think about these features because they provide a secure environment for selling products online.
Integration of a Simple API Gateway
Because information theft is on the rise, you should think about going above and beyond the bare minimum to protect your gaming business. At the time of processing, your customers receive email receipts. This ensures that the transaction is genuine and fast. All records are saved for future reference. Technology assists in monitoring and capturing the customer’s IP address during the transaction. Geolocation and IP addresses aid in the reduction of online fraud. All cardholders appreciate the API gateway integration and the step-by-step check out process. Before going live, you should run a series of test transactions on your website. Many merchants fail to conduct tests, and as a result, they face problems. A trustworthy online payment processing service understands what to do to keep you safe from frauds.
Why choose Amald to get an online gaming merchant account?
Amald is a leading provider of online gaming merchant accounts and payment gateways, with the best gaming merchant account in the business. Merchant Stronghold’s team of professionals in online gambling payment processors works closely with vendors to ensure you obtain the best deal for your needs.
Amald has been in business for a long time and has built a solid reputation by offering excellent service to our customers. Our dedication to quality guides our relationships with clients, customers, and coworkers, allowing us to achieve a 100% customer satisfaction rate.
