The gaming industry that rose to significance in the 90s has become one of the biggest source of internet traffic in the world. This global industry has been showing a steady growth of 10% for the last two years and is expected to reach a massive $180.1 billion by 2021. With approximately 456 million gamers enjoying eSports around the world and thanks to rapid advancement in technology, it is fair to say the market will not only grow further but thrive.
As a gaming merchant, you must be well aware of the techs and trends that will allow your business to expand further. But massive potential market growth also means increased competition. And in order to survive, a merchant must take care to understand the demands and expectations of the customers.
One such crucial element of online gaming business that merchants need to pay attention to is the payment industry and its advancements. In this day and age, a single payment method will only act as a deterrent to your growing business hence, variety of payment methods offered to your gamers will not only ensure customer satisfaction but also keeps you ahead of your competition.
An online Gaming Merchant Account has become an essential tool for the growth of gaming businesses. Apart from allowing a gamer to transact choosing their preferred method of payment, it also delivers a wide range of benefits for the merchants as well as the customers.
• Get instant approvals for online gaming merchant account with zero set up fees
• Gaming merchants need not worry about foreign exchange risk
• With a gaming merchant account, a merchant can expand their business by allowing gamers to pay in their domestic currency. This means increased traffic and a loyal customer base.
• Avoid chargebacks with chargeback prevention tools and programs
• Multiple integration option means the hassle to get PCI compliance is reduced for the merchants
• Get a detailed overview of all your transactions with real-time reporting tools that are integrated with gaming merchant accounts
• Most importantly, gaming merchant account providers also equip merchants with fraud prevention tools that help with safe and secure transactions.
Obtain quality Online Gaming Merchant Account solutions from reputable processors like IBS ( International Bank Services ) and secure a simple, quick and quick-click payment system that allows your gamers to process transactions faster and enjoy an overall pleasant gaming experience.