Gaming Merchant Account
Introduction
Looking for a?payment?processor with complete online gaming merchant account solutions and gaming industry expertise, you’ve found it. It’s similar to a regular merchant account, but there’s one big difference: it’s made for online gaming companies. Online gambling has fewer regulations than land-based casinos, thus banks are wary of lending to online gaming businesses. So, it may be hard to find a good gaming merchant supplier, but it doesn’t have to be.?
However, if you have a strong online presence and are able to handle large volumes of traffic on your site, then it’s likely worth getting one anyway.
Gaming merchant accounts allow merchants to accept direct deposits from players’ bank accounts so they don’t have to carry cash.
The gaming industry has been booming over the past decade, and there are many ways to generate revenue by selling popular games or other merchandise. If you’re looking for a way to integrate this type of business into your existing portfolio, then look no further than our high-risk merchant account service.
Why Do Financial Institutions View the Gambling Industry as Risky?
Due to the ambiguous legal status of online gaming and gambling, the industry carries inherent risks. High-risk merchant accounts are for?businesses?that have a high rate of a chargeback, legal issues, or other problems that increase the likelihood of nonpayment for products or services rendered.
High-risk merchant accounts are for firms sensitive to chargebacks or fraud. This account has greater protection because it’s used for riskier businesses.
Although online gambling has grown to become a significant and rewarding sector of the gambling industry, many financial institutions still avoid it due to the high risk involved. There is a higher volume of transactions and a greater propensity for chargebacks and refunds at casinos and other online gaming businesses. These factors raise the risk that the processor will be held legally responsible for any damages that result from processing the company’s credit card payments.
Steps to get a Gaming merchant account!
Step 1: The first step is to register with us & you will be prompted to complete the application by clicking on the?link.?https://dashboard.paystudio.app/register
Step 2: After completing the registration, you must upload the necessary documentation and complete the application form. The following contains a list of the mandatory documentation that the merchant is required to provide:
We do provide solutions for the unlicensed too.
Step 3: After analyzing the application, you will receive an email regarding the offer along with a comprehensive cost breakdown. This will occur once the application has been submitted.?
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Step 4:?Once our offer has been approved we will proceed with the service level agreement conversation. We will be able to start the process of integrating our solutions with your platform once we have received a copy of the agreement that you have digitally signed.
Step 5: Following the completion of the integration, you will run a few test runs, and if the results satisfy your expectations, we will activate your account.?
Once you are completely done with all the steps, you are now working with PAYSTUDIO, which has an official capacity to handle transactions.
Why choose PayStudio?
PayStudio?provides you with the invaluable support of a high-powered white-label solution and excellent customer service. We combine high-level Services, pricing, and quality for you to take your venture to the next level.
We stand out from the crowd in a number of other ways:
You must have a real-time method of processing credit card payments from players all around the world. If you run a?gaming?business, we can help you expand your customer base, process more transactions each day, and ultimately, make more money. PayStudio provides multiple options for accepting credit card payments online.
We provide you with everything you need through specialized gaming-acquiring partners to safely take card payments and distribute wins.
Conclusion:
The gaming industry is huge, with billions of dollars in revenue every year. It’s important to have a merchant account provider who understands how to handle your needs and delivers the best?service?possible.
Our highly skilled team of payment specialists have extensive knowledge of the challenges payment brands face and apply their technological expertise to help customers facilitate secure payments while increasing conversions.
We are here to help you with any questions or concerns you have about this process. Feel free to connect.
Email: [email protected] / Call: (+44) 0 (800) 887 0291