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Why Do Merchants Need Gaming Payment Gateway and How Does it Work?

The online gaming market is one of the fastest and most rapidly growing markets in the UK. Millions of gamers are available worldwide who are continuously play online game in UK. The gaming industry is expected to continue its aggressive growth in the upcoming years.<br>

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Why Do Merchants Need Gaming Payment Gateway and How Does it Work?

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  1. Join now Sign in People First Name Last Name Explore topics Marketing Public Administration Healthcare Engineering IT Services Sustainability Business Administration See All Why Do Merchants Need Gaming Payment Gateway and How Does it Work? WebPays + Follow Published May 29, 2023 The online gaming market is one of the fastest and most rapidly growing markets in the UK. Millions of gamers are available worldwide who are continuously play online game in UK. The gaming industry is expected to continue its aggressive growth in the upcoming years. According to a survey conducted from September to November 2022, over seven out of ten British gamers have occasionally or always played online. The reach of internet gaming has increased by two percentage points since last year. The COVID-19 pandemic gave online gaming, which has long been popular among UK players, a whole new level of significance. The online gaming company's credit success goes to the gaming payment gateway. With a gaming payment gateway, gaming industries can grow at this level. Online gaming industries need the best and most reliable gaming payment gateway for domestic and international transactions to grow their businesses positively. Customers want to have a smooth and excellent experience from start to finish without any interruptions. Here, you will learn more about the online gaming payment gateway. So, continue reading it. Why do you Need a Gaming Payment Gateway for your Online Gaming Business? Nowadays, modern online games have complex economies. These gaming programmers are designed to pay users for their efforts and commercialize in-game progression. The online gaming industries need a secure and reliable gaming payment gateway that can easily accept money from players in different payment modes to manage the system’s requirements successfully. Like Comment Share

  2. Gaming companies generally prefer gaming payment gateway that hassle-free accepts the card and other alternative payment methods such as e-wallets, net banking, etc. Today, most players also choose to make payments via crypto-currencies. The players always want a simple checkout process to complete the payment. Once the checkout process is completed, the payment is transferred to the gaming merchant account. The whole process is done by the gaming payment gateway in a matter of seconds. Join now Sign in With the help of a gaming payment gateway, a player can easily purchase the subscriptions, characters of the game, and expansion packs with a single click in the UK. Players and merchants get many benefits if they prefer the gaming payment gateway for their online gaming business in UK. It helps them expand their business worldwide and allows them to accept payment in multi-currencies. There are many more benefits of using the gaming payment gateway, which we will discuss later. Are Gaming Payment Gateways and Traditional Payment Gateways being Same? Most newcomers need clarification about gaming payment gateway and traditional payment gateway. Let me clarify that the traditional payment gateway differs from the gaming one. Of course, both are payment gateways, and the working process is the same. But individuals need help integrating the traditional payment gateway for their gaming business. Traditional payment processors never accept your application form to open a gaming merchant account. You have to deal with a service provider with a specialty and experience in the gaming industry. The gaming industries are never working with the traditional payment gateway because most banks and financial institutes consider gaming industries as high-risk businesses for the following reasons in UK. High volume turnover High possibility of money laundering and fraud. Higher rate of chargeback and refunds. How Does an Online Gaming Payment Gateway Work? Nowadays, online gaming industries handle payments in a variety of different ways in UK. These methods are hassle-free so that players can easily make the payment in a single click, and these methods also help to improve the profitability of the merchants. Nowadays, the gaming industry offers varieties of commercial products within the game to attract players. Some gaming industries offer their players to purchase coins, whereas others provide skins and other perks. Players use their smartphones, laptop, or desktop to interact with the in- game products. Once the players add their preferred product to the shopping cart, they have to move to the next step, the checkout process. Mobile phone users' accounts from the player's google play or apple store can be automatically accessed throughout the checkout process. If customers prefer card payment, they have to enter the details. Once the details are entered, the sensitive data is transmitted to the gaming payment gateway. This data is encrypted before being

  3. transmitted. Join now Sign in Gaming payment gateway requests to verify the transactions from the issues bank. Once the gaming payment gateway confirms the payment, the merchant receives the payment on the gaming merchant account. After payment, the in-game item is transferred to the users. What Features Does a Gaming Payment Gateway Have? Before going with any payment gateways, you should check whether your gaming payment gateway offer you the following features in UK. If not, it means your selected payment gateway could be better. Multi-currency Acceptance Millions of people worldwide play the game simultaneously and on the same platform. So, the gaming merchant needs to adapt to the global audience and accept different currencies. The merchant should also ensure they can provide their customer with the most suitable payment method. Various Payment Modes Only some customers prefer the same payment methods. Nowadays, everyone wants options. Customers can hassle-free move to the other platform if you don’t provide the preferable options. So, the merchant needs to offer various payment modes. Today, most of us prefer credit cards, but players generally prefer digital wallets, crypto-currencies, or other local payment methods in the gaming industry. So, having multiple payment options for the player is the key feature of a good gaming payment gateway. Security For any gaming industry, security is their top priority in UK. Due to increasing instances of fraud, it is essential to have a gaming payment gateway that offers risk assessment and monitoring tools. The best solution is to go with a service provider which offers high PCI DSS Level 1 compliance, just like the WebPays. WebPays service providers provide the best service for the gaming industry. Ease of Use The gaming payment gateway must be easy to use and integrate. The customer always wants a simple checkout process. So, we suggest having a payment gateway that is comfortable to use for the merchant and also has an easy checkout process. All the above features are essential for the online gaming industry. We will recommend you go with WebPays. WebPays is a service provider that specializes in the gaming industry. It offers the best solution for the gaming industry at a reasonable cost. Conclusion  Gaming industries are high-risk businesses, so it is essential to have a gaming payment gateway because traditional payment gateway does not work with the gaming industries. It is essential to have the best gaming payment gateway to make your gaming business more and more profitable, WebPays offers all-in-one solutions. This payment service provider helps to open the merchant account and provides a secure and reliable gaming payment gateway with all the above features. This gaming

  4. payment gateway has an excellent history of working with gaming industries, which will benefit your business. Join now Sign in Contact the WebPays expert team to learn more about the gaming payment gateway in the UK. To view or add a comment, sign in More articles by this author What are alternative payment methods,… May 26, 2023 Payment Gateway Europe for Your… May 25, 2023 Gaming Merchant Account is the Best… May 24, 2023 W M M © 2023 About Accessibility User Agreement Privacy Policy Your California Privacy Choices Cookie Policy Copyright Policy Brand Policy Language Guest Controls Community Guidelines

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