The global growth of online gaming has been nothing short of phenomenal. For a successful online gaming a Merchant Account is a must. With the help of a Credit Card Processing solution players can easily pay for the subscriptions and advanced level of games. Alternative mode of payment processing like Echeck and ACH is also becoming extremely popular in this High-Risk Industry. A reliable payment gateway can help players in making fast and easy payments to the online gaming platform. This industry faces a big challenge of huge amount of chargebacks. Merchants and payment processing companies understand this fact and try to implement measures to reduce fraud. Unfortunately, even after implementing massive fraud detection and prevention steps charge-backs do appear. The reason may be many. For example a player did spend a lot of money on an online gaming website and then raises a dispute by saying that it is a fraudulent transaction. In most of these scenarios payment processors and merchants find it difficult to prove the genuineness of the transaction if proper authorisations and proof of service delivery evidence are not available. Though all signs show that online gaming and casinos are lucrative businesses, many traditional financial institutions won’t take a gamble on them. The industry’s background and history, high chargeback ratios, and potential legal issues due to ambiguous laws keep banks away from these merchants.
Need of a Radiant Pay Online Gaming Merchant Account:
- Makes payments simple and helps you increase player conversions and sales.
- Payments platform through international card and domestic card types and other ever-increasing alternative payment methods.
- Opportunity to easily expand into new markets and reduce currency conversion rates.
- Our international network of many banks provides you with access to the most competitive rates and ensures you have resiliency in the business
- reduce your foreign exchange exposure to further improve your profitability.
