Casino Payment Gateway Features Raise the Casino Business to the Next Level of Success
If you are running your business in the casino industry, ensure that your online casino business is prepared to receive online transactions via an online casino payment gateway. Being competent to catch fraudulent activity is a beneficial consent for businesses categorized as high-risk. However, online casino businesses usually have a more increased credit card chargeback ratio due to the affirmations of scams, high ticket products, gambling rules and regulations, and government constraints.
Some primary factors like industry type, location, and customer base can drive your online business into the high-risk classification. Moreover, WebPays has the most suitable payment gateway services for structured and sustainable online casino businesses.
you are operating an online casino business and have suffered approval issues from traditional banks and payment service providers. In such a case, WebPays will assist you. However, our application procedure for an online merchant account is simple and quick. Just need to fill out the application form and submit it with the required details. So, our underwriting experts team will review and validate your provided details within 24 hours and after approval, we will drive your online casino payment gateway to completion within 48 hours of authorization.
The casino is not only a fun game but has become a global business and booming today. You can say that it is an excellent place to invest. Once you establish an online casino, you ought to need a suitable casino payment gateway and the best casino merchant account.
In today’s life, no one carries cash and goes to the physical store to play the game. Instead of going to the physical store, the most customer prefers online casino games. So, to deposit the funds and withdraw the cash amount, it is essential to have a suitable casino payment gateway.
According to the Statista report – In 2021, the global casino market size will reach 231 billion U.S dollars. When we talk about the European market – the total market reached 81.1 billion euros in 2020, and it is forecast to increase to 126.3 by 2026.
With this figure, you can easily understand the popularity of online casino businesses. With every passing day, its popularity getting increases. As you know, every country has its regulations regarding this type of business, so it is pretty challenging to find a suitable casino payment gateway.
Here, this blog will discuss the essential features of online casino payment gateways.
What is Casino Payment Gateway?
A casino payment gateway is a payment gateway that works with the online casino industry. A payment gateway is the latest technology that connects the casino merchant account to the customers. You can also say that it acts as a bridge between a player’s preferable payment mode and the merchant accounts.
Casino gamers can fill their accounts with money via electronic transfers with the aid of a payment gateway and then utilize that same funds to play the game. The payment gateway also enables gamers to withdraw money using various deposit methods.
Almost all payment gateways accept many forms, including bank transfers, credit card purchases, and cryptocurrency.
Why is Casino Payment Gateway Essential for Every Online Casino Business?
Online casinos are the only platform with a significant chance of losing money and earning massive funds. So, to handle all these processes, the merchant needs a robust and suitable payment processor, and that processor is an online casino payment gateway.
An online casino payment gateway is the best solution for casino merchant who wants to offer their customers a hassle-free payment experience. Most of the service provider does not perform as expected from the merchant, so it is better to check the features of the selected casino payment gateway. Most merchants choose the wrong options for lower prices which is completely dangerous for online casino businesses.
With every passing day, a new casino game launch. Now players do not need to sit in front of the computer to play games because all the latest casino game is device compatible. Today, anyone can easily play casino games on their mobile phone or tablet.
So, we recommend choosing a casino payment service provider compatible with all types of devices. It helps you to increase your business growth.
What does Casino Merchant Expect From Casino Payment Solutions?
As the casino is one the high-risk businesses, the casino merchant expects the most reliable, safe, and secure payment solution for their casino businesses. Online casino merchants hope their selected casino payment gateway fulfills the following requirements.
Pay-ins and payouts –
Merchants anticipate seamless pay-ins and consistent payments because players must pay money to play and can win funds in varying amounts. You will have an advantage over your rivals if you can supply players and merchants with them.
Allow accepting various payment modes –
Online casino businesses have a massive cash flow, so merchants expect a payment service provider that offers them various payment methods. Most players prefer wire transfer solutions (SWIFT) for huge transactions. It is also essential for the merchant to keep smaller transactions in focus and offer all the possible players preferable payment methods.
Local payment methods –
The casino is a global business, so the merchant needs to accept payments in local currencies. It helps merchants not to lose the players. The merchant should ensure that their selected payment service provider takes the local methods. It refers to both pay-in and payout.
Prepaid cards –
Prepaid cards are a payout method and one that is popular. It specializes in reloadable ones. With the development of new technologies like e-Wallet, players may now pay for their casino gaming and get their winnings without having a bank account. And offering integration with these technologies is in the best interests of the payment service provider wishing to enter the casino payment processing sector.
E-wallets –
Yet, E-wallets are one of the most popular payment modes among players. E-wallets are also known as alternative payment methods. Before choosing the payment gateway, the merchant has to fix their target geography and choose alternative payment methods according to that specific location.
Note: Merchants should never forget that each e-wallet has a relevant certificate (EMI for European ones). This certificate allows the merchant to avoid fraud and chargebacks.
Fraud and chargeback prevention systems –
Online casinos are also known for their tainted reputation, so they must have all the possible fraud and chargeback prevention tools. Most payment service provider offers their prevention tools.
Why Choose WebPays?
As many service providers are available, picking the best one is challenging. Above, we have discussed some of the features that merchants expect their service provider offers them.
Here, we recommend one of the best and leading service providers who fulfill all the above requirements of your business. This service provider is non-other than WebPays. As “WebPays,” we have lots of experience in dealing with the casino industries worldwide. It is an all-in-one solution as it helps you open your high-risk casino merchant account and offers the best possible solution for your payment problems.
We cover all the features which we discuss above. Our rate is the best in the market. We completely understand the value of your business growth and your money. To finalize your deal, you can directly contact our expert team.
Final Thoughts –
Online gaming businesses such as casino is flourishing nowadays. This enterprise is considered a high-risk business, and due to its high-risk nature, merchants find difficulty while choosing the best payment gateway.
Merchant has some expectation from the payment gateway. These expectations are –
- Pay-ins and payouts
- Allow accepting various payment modes
- Local payment methods
- Prepaid cards
- E-wallets
- Fraud and chargeback prevention systems
To develop a successful casino business, the merchant should look for the best casino payment gateway and online merchant solutions. With WebPays, the merchant can get both solutions in one place, as it is one of the best service providers all over the world.
Merchants can easily take the benefits of WebPays and boost their casino businesses to the next level of success.
