1 / 9

Gaming merchant account

We understand what payment method is needed in each market for different types of gaming transactions and, most importantly, we have the capabilities to enable you to offer these payment methods..<br><br>

ipaytotalltd
Download Presentation

Gaming merchant account

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Onlinegamingmerchant account and payment gateway fromiPayTotal iPayTotal Ltd

  2. Online gaming merchant account and payment gateway fromiPayTotal Role of a high risk payment processor in Online Gamingwebsites. More salesopportunities Accepting credit cards gives your customers more options topay for purchases and actually increases the likelihood that they will make a larger purchase. It’s been shown that customers are more comfortable making larger purchases using their credit card, likely due to bank cardholder protections and the physical detachment from cash. Accepting credit cards also allows your businessto set up an online store where gambling merchant accounts customers from around the world can shop for your products and services 24/7, giving your business significantly more opportunities to makesales. Improve your cashflow Accepting credit cards a"ords you the ability to receive your deposits as quickly as a few hours or a few business days. Compared to checks which can take up to 30 days to clear and invoices that can take up to 90 days to be paid (if they’re paid at all!), accepting credit cards gets money into your business’s bank accountfaster. Speed up yourtransactions Online gaming merchant account and payment gateway fromiPayTotal

  3. Online gaming merchant account and payment gateway fromiPayTotal Authorizing a credit card takes only a few seconds, giving you more time to manage the rest of your business and help more customers. If your business accepts tap and NFC (Near Field Communication) payments, then the entire transaction can be reduced to a few seconds. This means faster checkouts and shorter lines for your customers, and more sales in less time for your business. 4. Expand your market while stayingcompetitive Visa and Mastercard are international brands. By accepting these card types through an online gaming merchant account bank, you have accessto customers in over 170 countries who are able to pay for your products or services with just a few clicks. Accepting online gaming merchant account high-risk credit cards also helps you keep up with your competition by meeting customer expectations for payment options online gaming merchant account quotes– if you don’t o"er the payment type that they’re expecting, then there’s a greater chance they will go to another business that does. People are carrying less cash than ever before, and it’s unlikely your business can a"ord to ignore this trend of opting for an online gaming merchantaccount. Startinganonlinegamingbusiness is adauntingtask. The gaming industry is on the cutting edge of payment technology. Globally, nearly $400 billion is spent annually on gaming. This equates to thousands of debit and credit card transactions being processed every day by the diverse entities comprising our nook of the globaleconomy. Online gaming merchant account and payment gateway fromiPayTotal

  4. Online gaming merchant account and payment gateway fromiPayTotal Today’s gaming industry o"ers customers a range of wagering options, from traditional brick-and-mortar to the latest casino games online or on mobile devices. Amid the growth of platforms, gaming is increasingly becoming a target for criminals looking to obtain cardholder and transaction information, this online gaming merchant account requirements have new additions now. Gaming isn’t the only industry being targeted by hackers. High-profile retail companies, banks, and even electronics manufacturers have been recent victims. Despite the millions of dollars ,companies spend on protecting their online assets, they have been hacked and confidential data has been stolen, causing significant damage to companies’reputations. Regional frameworks are important for every operator, not only from a legal point of view, through the necessity of obtaining a gambling licence, but also because every player in the industry must develop and provide products that are specially customized for a particular jurisdiction in order to assure a high level of compliance standard. Since operators, especially start-ups that are ready to access the iGaming industry, need to consider aspects like online gambling licences, payment mechanisms and solutions specially tailored for a specific market like online gaming merchant account , agrowing demand emerges for dedicated iGaming providers that can respond to these requirements through white label solutions and professionalservices. Online gaming merchant account and payment gateway fromiPayTotal

  5. Online gaming merchant account and payment gateway fromiPayTotal Ongoing e"orts must be made in order to maintain high standards and keep your customers fully satisfied. At the end of the day, it’s the joint e"ort of your software provider and your marketing and sales departments that need to align in order to bring your businessforward. Tying It AllTogether In terms of gaming, as the industry goes further into the online space and given the nature of modern fraud, there certainly is the risk. Any gaming merchant needs to be careful in terms of monitoring whether acard is stolen or not and protecting the data theyobtain. Manystates also have strict laws governing the security of personal information. While those laws are generally not part of gaming control acts, gaming licensees are nevertheless subject to the acts’provisions. The need to protect customer data is more important now than ever before as the casino industry rapidly evolves. There isn’t a “typical guest” anymore, especially in a brick-and-mortar establishment – some are there for dining, some for concerts or shows, some for shopping, while a smaller percentage visit solely for gaming there for security features in your online gaming merchant account are an importantconcern. What’s needed when applying for a casino and online gaming merchant account? Online gaming merchant account and payment gateway fromiPayTotal

  6. Online gaming merchant account and payment gateway fromiPayTotal To obtain a casino and online gaming merchant account through us, a business needs to fill out IPayTotal’s online application. In addition to the application and a secure, operational website, merchants also must have the following items handy to provide to processors andunderwriters: A valid, government-issued ID, such as a driver’slicense Abankletterorapre-printedvoidedcheck 3monthsofthemostrecentbankstatements 3monthsofthemostrecentprocessingstatements,ifapplicable ASSN(SocialSecurityNumber)orEIN(EmployerIdentificationNumber) Chargeback ratios must be under2% IPayTotal can’t guarantee any online gaming merchant account approvals, but it does promise a simple, streamlined application process. Merchant accounts are approved within 24 to 48hours. When casino and online gaming businesses apply for merchant accounts, processors and underwriters want to see that they are running legitimate, reputable businesses. During their online gaming merchant account setup review, underwriters look at many factors to ensure credit card processors are not taking on any unnecessary risk. Merchants that are considered high risk means processors are taking on a greater potential financialburden. Factors that determine a business’ risk in an online gaming merchant account bankinclude: Online gaming merchant account and payment gateway fromiPayTotal

  7. Online gaming merchant account and payment gateway fromiPayTotal Ahistoryofhighchargeback(creditcardtransactiondisputes)ratios Bankstatements Credit card processinghistory Creditscores Negative bank accountbalances Unpaid bills and latepayments The best wayto prepare for the review for an online gaming merchant account is to have a principal in the business with a good credit history apply for the account, pay any outstanding debts, and have some money in the bank. Before the review is the time businesses need to take care of anything that looksquestionable. Taking these steps likely will increase a business’ chances of getting a casino and online gaming merchant account/ high risk merchant account approved with fewer restrictions, such as caps on higher processing volume or a lowering rollingreserve. How iPayTotal helps OnlineGaming merchants Though all signs show that online gaming and casinos are lucrative businesses, many traditional credit card processors and financial institutions won’t take a gamble on them. The industry’s background and history, high chargeback ratios, and potential legal issues due to ambiguous laws keep banks away from thesemerchants. Online gaming merchant account and payment gateway fromiPayTotal

  8. Online gaming merchant account and payment gateway fromiPayTotal To process credit card payments e"ectively and e ciently, businesses need to turn to IPayTotal to obtain a casino and online gaming merchant account. Specializing in providing high-risk merchant accounts / alternative payment methodsfor social gaming, MMO, and online casinos, IPayTotal o"ers customized payment processing solutions and an online gaming merchant account for all types and sizes ofcompanies. Online Gambling Merchant AccountFees Our online gambling merchant account fees are industry-competitive and a"ordable, and the application process is free – iPayTotal does not charge a merchant any fees until they begin processing transactions. Once you have been pre-approved, our underwriting department will match your business with the acquiring banking partner we feel is the best fit for your needs. The bank will then process your application and determine your merchant accountfees. Your fees are contingent on several factors, such as the merchant’s processing history, type of industry (high or low risk) and/or projected sales volume. Each online gambling merchant account is di"erent, but typical fees include: Online gaming merchant account and payment gateway fromiPayTotal

  9. Online gaming merchant account and payment gateway fromiPayTotal Merchant Account Fee Transaction Fee Discount Rate Merchant Account Registration Fee Monthly StatementFee Chargeback Fee RefundFee RollingReserve We at iPayTotal do our best to open each business relationship with a 10- minute conversation to find out the key elements of business before going forward. Immediately, we establish a connection with prospective merchant partners and decide then and there whether or not we’re able to find high- risk merchant services solutions forthem. Online gaming merchant account and payment gateway fromiPayTotal

More Related