As gaming platforms become more popular and diversified, more and more companies are participating in the online gaming industry. There are now more games for mobile devices than ever, and casino games are the most popular ones. Some casino games use imaginary credits and are played for fun. Real-money online casinos are a relatively new concept. Therefore, there are many challenges in complying with gaming regulations. Digital casinos must be sure to comply with the laws and regulations of various industries. This almost always requires opening an account with Card processing for gaming merchants.
What are the types of online game merchants?
Online casinos are a common type of gaming vendor that requires the ability to process high-risk credit cards. Other online game dealers who want to access the services of trusted traders include digital slot machines, online poker and online table games. Even games that are not necessarily seen in the casino can be applied for, such as fantasy sports, online multiplayer games, mobile app games and online bingo.
The popularity of online games:
There is no doubt that online games are popular. Another popular and growing group in online gaming is fantasy sports. This increased participation includes party drafts, trading, weekly matchups, and more to create the highest-scoring fantasy sports teams and most games won at the end of the season.
Playing online games is not just something that people do as a hobby. A new industry called esports has emerged. It is based on professional gamers playing multiplayer video games in a highly competitive environment. These activities involve sponsors and prize money, and viewers are raising the stakes and increasing the level of participation in online gaming. The age restrictions associated with many online games also automatically qualify online casinos as high-risk merchants. If an underage person plays, there is no legal way to get the money and casino owners may face penalties.
What will you look for in a gaming merchant service account?
Despite its status as a high-risk trading account, it is possible to find reliable and affordable payment processors for online gaming. Look for processors that specialize in working with high-risk traders. The merchant account should have a high level of security, especially when it comes to transactions. Details should be recorded and archived so that they can be easily retrieved in the event of a dispute. For additional transaction security, the processor should collect information related to the time, date and IP address of the transaction.
You should consider your security and choose a payment processor that displays business information, including contact information. The payment processor should display the same information as your business when the customer makes a purchase. The processor will provide an automated satisfaction survey or email receipt. So you can be confident that your customers are satisfied with their purchases. Chargeback mitigation programs are also essential for high-risk merchants. This program should be scalable in order to reduce chargebacks further if your online gaming business grows.
QUBEPAY specializes in Card processing for gaming merchants to assist in the payment process of your online gaming business. They have customer service 24 hours a day, including holidays. You can trust that your merchant services are handled.
