Are you an owner of any online gaming business and looking for a way to accept online payments through credit and debit card processing for your business? Then you have come to the right place. Because all you need is an Online Gaming Merchant Account to start accepting the payments instantly and this blog will help you open the Merchant account you actually need in your present situation. So, we request you to keep track of this blog and we assure you all your queries will be solved.
The online gaming and gambling industry is changing drastically with each passing day. While some countries have made this online gaming and gambling illegal the others are making the business of over 1 trillion US dollars on annual bases.
Most of the online gaming merchant account are stated offshore because of the high risk involved in the business. Majority of the banks and service providers hesitate to work for such business because of the high risk, as high-risk business brings along high chargeback rates.
Hence, the only way you can start accepting credit card payments through online transactions, you need to look out for a provider/processor with a high rate of High Risk Merchant Account approvals and is also willing to work for such businesses.
The Gaming Merchant account takes into consideration gaming businesses like Horse Race Betting, Lotteries, Mobile Gambling, Casinos, Online Poker, Online Bingo, etc.
All you need to do is click on apply for Gaming Merchant Account and your Online Gaming Merchant Account will be ready with approval within a couple of days.
In case you are an owner of an Online Poker Business, the first thing necessary is the Online Poker Merchant Account for your business. So that you can perform online payment transactions in a smooth way. Poker being one of the famous game all across the globe, it is necessary to have a merchant account from a trustworthy Payment Processing service provider which can deal in multiple currencies.
The trend of playing the game of poker at clubs, parties, and functions is changing and all the game lovers are turning towards the internet to play games like Texas-Hold’em, Five-Card Draw, Seven-Card Stud etc. all of which are together called poker games.
But as known to all of online poker merchant account comes under the category of Gaming Merchant Account, and obtaining such a high risk merchant account is a very tough thing to do. Also, the international issues come into account.
Hence, the best way to won an online poker merchant account is to have an offshore merchant account, Offshore accounts are created with lesser restrictions and also deal in multiple currencies.
Other advantages that come along with the Offshore Merchant Account are
- We can accept payments from any popular credit card brands without difficulties.
- Instant Payment Processing is possible because of the offshore merchant account.
- The security from fraudulent transactions increases as we choose this account.
If you decide to have merchant accounts online, there are things that you should prepare for. If you know what to do, the application process would be fast and easy. Perhaps the first is to know the things to expect on having a merchant account. With the help of this knowledge, you would definitely have a Merchant Account in no time. At the start of the application, most providers would ask you to show the proof of your business. You would need to show some business related documents and financial papers. These are just some things to show them so that they know you are the owner.
Prepare your credit history because it is sometimes required so you can get the approval. There are several types of account ranging from Retail Merchant Account, high volume merchant account, Offshore, and high risk. This will depend on the type of business that you are running. It is a good idea to research on your needs before deciding which one is right for your business. Read on each type and decide which of them is the best and can very well suit your needs as a business owner. Don’t be afraid to ask about anything. There is no right or wrong questions.
Make a list of all the things that you want to know. Never
leave something behind that is unanswered. See to it that you touch them all
which is said to be important so that there will be no problems in the future.
Check the agreement and be sure that you are aware of all the things it says.
This is true especially with regards to the fees. They should be able to
explain every single thing they charge. As a business owner, you should learn
to read the black and white. Read everything careful so that you will not have
problems in the future.
Sometimes there are companies that would hide things from
you. Avoid this as much as possible because it can ruin your business in the
end. Go for the one with customer service that is willing to help you in case
there is trouble. Chances are this can ruin your business especially if there
are technical problems that they can’t solve. There are some companies that can
hide things especially when it comes to fees.
The question is where you can find merchant account online. It is best to look around different places for the right provider that can offer this kind of service. The internet is a great source of information. There are websites where you can find a lot of information that deals with merchant account. This includes reviews from different customers so you can get ideas about how they run their business. There are forums that you can join if you are serious in finding the right provider. Go with the one you are comfortable with. Remember that your business needs a good service especially in relation to credit card processing so be wise regarding this matter.
Need a merchant account? Not all merchant account providers are created equal. They would be a strong alliance in building your business. Do your research and choose the best Merchant Account Provider for your business.