Online Gambling Payment Gateway
Flexible, Simple, and Accessible. MoneyMatrix is an EU licensed Financial Institution and PCI DSS Level 1 Certified PSP and Payment Gateway for online real-money gaming and digital industries. Get A Merchant Account For Your Online Casino. Physical casinos can be cash-only. Online casinos need to take electronic payments. The most common electronic payment is credit cards. In order to accept credit cards, you need an online casino merchant account. High Risk Solutions (HRS) works with merchants to accept credit cards.
Gaming Payment Gateway If your business runs an online casino, game or competition, GumballPay can provide suitable payment processing and merchant accounts - directly connected to our banking partners for immediate settlement to your bank account. Online gambling platforms are considered a profitable business that allows merchants to earn a significant profit. Operating an online casino is becoming more convenient, so it has become easy to open your own online gambling business. However, there are still many details that need to be worked out. Gaming payment gateway If your business runs an online casino, game or competition, Payed can provide suitable payment processing and merchant accounts - directly connected to our banking partners for immediate settlement to your bank account.
From year to year, the market share of online gambling is growing rapidly. According to analysts, in the next five years, the total income of online casinos will increase by 80%.
Many people experience an excitement. Gambling allows a person to obtain such vivid emotions. In addition, there is a chance to win a very significant amount of money by playing online games. That is why this type of business is very attractive to entrepreneurs.
However, many of them, when starting a new venture, face with lack of knowledge when it comes to implementing payment opportunities.
Let’s figure out how to avoid some pitfalls when choosing a gambling payment provider:
1. Seeking for a payment provider with the lowest fees.
Every merchant tries to find a better solution at a lower price. If you are looking for a gambling payment processor with the lowest possible fees, you should know that not all of them are reliable. A significant quantity of companies will not cover all your needs.
Let’s define how payment institutions determine credit cards fees and what parties are involved:
- Transaction fees. General and the most well-known type of payment is charged per transaction. It takes place when a PSP charges a definite amount for each transaction. It consists of a conversion rate, a markup of the PSP, and an assessment (a unique fee that depends on the type of a client’s card). The assessment fee for Visa cards is about 0.11%.
- Occasional fees. This fee is not regular and is only charged on several occasions such as chargebacks, fraudulent activities, failed transactions, and others. To avoid these undesirable obstacles, you may refer to a PSP that provides fraud and chargeback prevention software. Others have dispute management to solve chargeback cases to the advantage of a client.
- Flat fees. For using the services of a PSP or a payment gateway, you may pay additional funds.
Don’t chase cheap solutions. They can destroy your business.
2. Take liability for securing transactions data
When it comes to the transaction data security, every merchant should consider a PSP with a PCI DSS certification. The significance of it cannot be overestimated. The Payment Card Industry Security Standards Council certificate provides not only an opportunity to meet the latest transaction data security needs but also to optimize the operation of the entire infrastructure.
On the one hand, the infrastructure is becoming more secure, and on the other, it improves the attitude of customers to the services provided. The company also reduces its losses from hacker attacks.
Of course, merchants have the opportunity to pass the certification and prove the reliability of the system by themselves. But ensuring the proper level of protection and preparing for an audit is a laborious process. In this case, it is better to choose a payment service provider with the appropriate certificate.
3. Providing fewer payment options.
Each entrepreneur tends to develop their business and provides a wider variety of solutions to its customers.
Some clients do not want to use their credit cards for security reasons. If you cannot provide alternative payment options, you will lose a significant number of potential customers.
By offering alternative payment solutions for gambling, you obtain an ability to reach larger audiences and to broaden horizons.
If you’re not offering such methods of payments as mobile payments, contactless payments, e-wallets, and many others, fewer potential customers would consider trusting your business.
4. Make the integration process simple
The easier the PSP can integrate the payment page into the game interface, the more pleasant it is to use it. That is why contacting a payment provider that can explain the specifics of each payment system for gambling and choose the best integration method is vital.
PSPs provide several types of payment gateway implementation on your website.
- API.
The Application Programming Interface is a combination of different tools and functions implemented as an interface for creating new applications, through which one program will interact with another. The main aim of developing the API was to enable programmers to significantly facilitate tasks when developing various applications through the use of ready-made code.
- Virtual Terminal.
A virtual terminal is a software application that allows you to accept remote payment by credit card, using a secure connection via the Internet.
Online Gaming Payment Gateway
No additional software installation is required. Using the Virtual Terminal, you can perform operations with cards without the presence of a client, and without production a card. Also, using this function, the technology of recurring payments is implemented.
- CMS plugins.
A plugin is a software component whose purpose is to expand the basic capabilities of another program.
These components are mini-programs, which, however, cannot work separately. You can only install them upon definite programs.
Today, plugins are a top-rated product that allows you to satisfy all the needs of users due to their diversity and quantity.
- Hosted Payment Page.
A hosted payment page is a particular type of payment page that is not located on a website of a merchant. It allows making payments at the moment of the checkout process.
When a client clicks a “Buy” button, a customer is re-directed to this secure payment page where to enter certain payment information. Besides, a merchant can customize it on their own.
5.Local payment providers.
Think whether a gambling payment provider can offer your business a worldwide coverage. Is multicurrency processing supplemented with dynamic currency conversion? Does your provider offer payment solutions in the countries where you conduct your business? For your business to be accessible to customers around the world, you need to have a wide range of payment options. Choose payment providers who can offer the most popular payment systems in the broad spectrum of regions.
The bottom line
Online Gambling Payment Gateways
Online gambling platforms are considered a profitable business that allows merchants to earn a significant profit. Operating an online casino is becoming more convenient, so it has become easy to open your own online gambling business. However, there are still many details that need to be worked out.
Since more and more casino games are coming with time. It is no longer required to get stuck in front of your computer to play online games. Since technology is getting advanced with time, hence you can easily play these games on mobile phones. Smartphones and tablets have already taken space for traditional phones. Online casino game is coming with the flexibility of playing it on any platform from apple to Samsung, anyone with the different operating system such as Android or IOS can play out this game. So whether you are at your office premises, waiting for a train, or simply having a sip of coffee sitting at a coffee shop. The online casino business is booming with so much of the aspirants that are playing the casino game all around the world. The business is generating huge revenues for the merchants that are having this kind of business. Since the business involves so much of the money hence, it requires a merchant account that can assure the business of having smooth and flexible payment transactions. We at HRG provide you with an Online Casino Payment Gateway with Merchant Account that will allow you to maximize your profit and at the same time will allow you to expand your business reachability.
There are two ways of getting access to online casino one is through downloading it and another is through using it via the browser. Though, downloading the app is always the best option since it is quite convenient and simple to download the game and run it. There are various other platforms where online gaming will not support these platforms such as BlackBerry, Fire Tablet or Windows Phone. Hence they are required to access the game through the browser. Playing a game often concerns with the security issues since there are frauds all over the internet playing with businesses, harming them in the one way or the other. Hence, the merchant needs to be concerned with these frauds that are hovering over to the internet and looking to cut any business that comes in their way. Hence you need to protect your business from these frauds and data breaches.
You require an efficient system that can manage the business transaction by providing safe and secure payments to the business. You must look at a service provider that can help you with the security concerns and can manage to provide you with a high-security data encryption system that will allow you to have secure payment transactions. When it comes to gambling business, indeed, some of the versions are primarily not the original but the down versions of the originals. Security is one of the major concerns since for users that are using iPhone, Samsung Galaxy or any other mobile device since they will be facing troubles in running out these games. We at HRG gets you the significant Online Casino Payment Gateway that will provide you with the exponential growth to your business.
Advantages of having an efficient merchant account
There are multiple benefits of having a merchant account that will support the payment mechanism of your business. Here is some of the advantage that you can have with getting efficient credit card processing solutions.
Time and Cost-cutting solutions: An efficient processor will allow you to save time and money. You will be able to manage the bulk of payment transaction at a single time. Take time to figure out the best payment gateway for your business that can provide you with the less processing fees for your payment transactions.
Remote Payments Solutions- It will allow you to make remote payments easy and flexible. With payment processors, you will have the flexibility to receive payments from the customers that are at the remote location. Hence, in this way, you can reach out to more customers and can easily grab high-volume of sales for your business.
Easy and Better Integration: Gateways are easy to integrate with the system application of the merchant website. If a gateway easily integrates with your website then it can make the entire system smooth and flexible.
These are some of the advantages that a merchant can have for getting an efficient payment gateway.
HRG is one of the prominent service providers that is helping merchant to stay ahead in the competition of getting a safe and secure business transaction. We empower merchants for grabbing a payment gateway that can process the bulk of payment transactions at a particular point of time. We intend to support every merchant that comes to us irrespective of the low or high volume of the merchant. We provide the best Online Casino Merchant Accountsolutions to merchants so that they can grow at a faster pace as compared to any other business.
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