Today, the Internet is the main place for shopping, searching for services and entertainment. From the acquisition of foodstuffs to the field of online gambling on the Internet, almost everything can be purchased.
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The rapid development of information technology allows you to enjoy online games, and even gambling without leaving your home. You can play on various sites online or download applications to your phone and computer. In order to make purchases on the network, including in games, you also need to be able to pay for them online with a credit or debit card.
Gaming Merchant Account is used for all types of online gambling and gaming business. Including for games in casinos (casino), poker (poker), bingo (bingo), slots (gaming slots), as well as for sports betting (sports betting), lotteries (lottery), etc.
The gaming industry, which began in the late 1990s, is today one of the largest sectors of electronic commerce. According to statistics, in 2018, revenues in this sector amounted to about 56 billion dollars, and according to forecasts in 2020 will increase to 67 billion dollars. This also indicates the popularity and relevance of Gaming Merchant.
There are two types of merchant accounts for the gaming business: coded and non-coded. Licensed gaming companies and websites have coded merchant account. Depending on the type of business, each outlet is assigned an MCC code. For all payment transactions in gambling, except for transactions using ATMs, the MCC code 7995 is used, including for opening bets, buying lottery tickets, chips and tokens or other goods and services instead of cash in gambling.
Need a high-risk payment gateway for online poker?
Poker is one of the most famous games in the whole world. The tendency to play poker in clubs, at parties and in other places is gradually changing, and more and more fans of this game turn to the Internet to play, for example, Texas-Hold’em, Five-Card Draw, Seven-Card Stud and others.
If you are the owner of a poker – online business, then you need to have a Gaming Merchant Account in order to quickly and efficiently carry out payment transactions online. But, as you know the merchant account for online poker, belongs to the category of high risk (high risk), therefore, finding a reliable provider for processing payments is quite difficult.
Banks and traditional financial institutions that issue credit cards are afraid to cooperate with high-risk businesses, even though it is often very profitable. Potential legal problems due to vague laws, a large percentage of chargebacks in online casinos and the gaming business, as well as a high probability of fraud are all reasons for rejecting applications for opening an account. For the gaming business, you should choose a special high-risk payment gateway that can provide uninterrupted and efficient payment acceptance for your customers. In addition, the use of gaming merchant has many advantages:
• Real-time reporting, providing a detailed overview of all transactions.
• The ability to accept payments from credit companies around the world without any difficulties.
• Lack of currency risks and instant payment processing.
• The ability to pay for goods and services in different currencies, thereby expanding the customer base and increasing sales.
• Prevention of chargebacks.
• Comprehensive anti-fraud solutions. Including fully secure SSL-encrypted servers.
Open a gaming merchant account in Wellcoinpay!
We are one of the best suppliers of Gaming Merchant Account for small and medium-sized businesses. With us you will receive individual and cost-effective solutions at affordable prices for high-quality payment processing and round-the-clock technical and customer support. We have established strong and reliable relations with acquiring banks around the world, which will allow you to provide you with the most favorable conditions. Contact us today to get a better solution.