Many merchants looking for new and profitable business options have taken notice of the gaming industry’s growing success. The industry is one of the fastest expanding in the world.
Despite the fact that online gaming and casinos are successful businesses, many traditional financial institutions are wary of them.
Banks stay away from these merchants because of the industry’s history and history, high chargeback ratios, and probable legal concerns due to confusing legislation.
Growing global Internet usage, as well as easy availability and access to Internet games, are likely to keep growth prospects positive in the future years.
Many organizations, including government agencies, keep a close eye on online money laundering, and online gaming is at the top of the list. If you want your GAMING BUSINESS to prosper and expand, it’s a good idea to enlist the help of experts to manage these high-risk merchant accounts, and we’re one of those experts who can help.
What Makes Online Gaming So Dangerous?
– Online Gaming has a high volume turnover, making it a high-risk activity for banks.
– Money laundering has happened in the past as a result of these companies’ offshore locations.
– The greater the probability of chargebacks, the greater the risk.
– Chargebacks are a real possibility in online Gaming.
Since we believe that every company deserves a shot, we provide high-risk merchant accounts for online Gaming as well as credit card processing solutions.
The stakes are high.
You should have a variety of online games, ranging from low stakes to extremely high stakes. Only elite players would be willing to compete at the highest stakes, and the majority of clients would be competing at low stakes.
The bigger the stakes, the more likely people are to play games. Also, accept a variety of credit cards so that you can process them all. The more flexibility you have, the more clients you’ll attract, just make sure you do so lawfully and with professional guidance so you don’t get in trouble with the law for operating this high-risk business model.
Transactions, as well as client details, must be safe. You must keep their details confidential in order to ensure smooth transactions and evidence of them. You’ll also need to protect your website and casino from hackers, as there have been reports of hackers breaking into casinos and stealing money.
Your credibility would be hurt, you would lose money, and your clients would be furious if this happened. At all times, stop allowing this to happen. It’s a must to be able to process high-risk credit cards, and you’ll need decent protection to do so.
Risk of Account termination
Many international high-risk merchant accounts, for example, would not underwrite online gaming businesses.
Many online gaming merchant account providers are unaware of the problems that exist in this industry and will have a merchant account that will ultimately be terminated, which is not only detrimental to any enterprise but also makes it more difficult to apply for a merchant account in the future since the termination must be reported on future merchant applications.
HighRisk Gateways provides credit card payment services to retailers in the online gaming industry, including online casino gaming, lottery, and other parimutuel and gambling activities. Since online gaming is considered a high-risk industry, these types of merchant accounts come with higher transaction costs and more stringent terms, but you can rest assured that your merchant account will not be terminated simply for doing business.
Give your business new heights with High-Risk Gateways online Gaming merchant accounts.
HighRisk Gateways not only has a high application acceptance rate for high-risk online casino and online gaming companies, but we also provide chargeback tracking and reversal services. We can keep a close eye on your account, keep an eye out for incoming chargeback claims, and take measures to refute them and protect your company. You’ll retain more of the money you make and escape the high chargeback rate that makes this industry’s companies unattractive to payment processors.
You’ll need someone to assist you along the way if you want your Gaming merchant to expand and attract a lot of traffic, as well as maintain a strong reputation. We are experts at what we do and have a great deal of experience in this area. We will be delighted to provide you with our services and to work alongside you on your journey to success!
Customers come from all over the world to play online Gaming, and research shows that the Gaming industry is growing rapidly. If you own a Gaming company, you should probably look into merchant account options for safe business transactions.
Unfortunately, some processors do not provide services to businesses in the Online Gaming industry. In this situation, securing a merchant account with exclusive facilities becomes exceedingly difficult. In this situation, an Online Gaming Merchant Account provides dependable support to your industry with no issues.