ONLINE GAMING MERCHANT ACCOUNTS
A gaming merchant account is essential for online businesses in this unique industry. PayKings provides payment processing solutions for gaming businesses domestic and offshore. We are your credit card processing solution at rates that help you win big.
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Online Gaming Processing
Online Gaming Payment GatewayOne minor drawback to using an online gaming payment gateway is the rate premium. In turn, processing fees and competitive rates tend to be higher than with a traditional bank. On other side of that coin, traditional banks don’t underwrite these accounts. As a result, you’ll want to find your payment gateway through a high risk provider. Their customer service agents can help you integrate the technology you need to process through your online store.
Online Gaming Chargebacks
Was Your Account Shut Down By Your Processor?Regardless of the reason, the customer used to dispute the transaction you’ll have a mark on your account. Next, the disputed funds are taken from your bank account. As a result, they’re not available to you again until the dispute is settled. In this case, the bank is the judge. And if the customer proves their case, the funds will not become available to you at all. In fact, they will be “charged back” to the customer. What can an online gaming merchant do to prevent chargebacks? You are given an opportunity to refute the customer and prove that the charge indeed, was authorized. In this case, the funds would be released back to you.
Online Gaming Credit Card ProcessingThe main reason you need a high risk credit card processing account for your business is to avoid the chances of your merchant account being shut down. The bank can close your account and hold funds, even without notice. As a result, you may have no way of selling your products or services, it stops all cash flow entirely. Moreover, the money from the products or services you sold could be held by the banks for months. When you start off with the right merchant account, you increase the prolonged longevity of the account. In many cases, the bank’s underwriting or due-diligence does not end after the account has been opened. This means, there is ongoing risk monitoring that is associated with all low-risk merchant accounts.
Select A High Risk Merchant AccountIf an account has been opened under false pretenses or the business model is deemed high risk after the fact, expect the account to be closed. Alternatively, starting out with the right high risk merchant account betters the odds that the acquiring banks will be more lenient. The label of high-risk merchant isn’t taboo. Factors such as your industry, location, and even the clientele can categorize your business and apply that high-risk merchant label. However, just because you may be more difficult to finance, doesn’t mean you can’t get the merchant processing your business needs. Online Gaming businesses deal with high amounts of credit card chargebacks most often due the following reasons:
- Claims of fraud
- High-ticket items
- Gambling laws and government regulations
How Can PayKings Help With My Online Gaming Merchant Account?Payment processing for online gaming merchants can be difficult to come by. As is well known by banks, the industry itself has a reputation for running illegitimate businesses. In addition, there are high risk issues that underwriters look for when processing your application. In point of fact, traditional banks don’t want to assume the risk involved with providing online merchant accounts as a whole. Because processors are taking on a potentially greater financial burden in these situations, they’re more cautious and investigate whether the merchant itself is taking on risks that may not be necessary. Unnecessary risks might include excess chargebacks, low credit scores, unpaid bills or late payments, and negative account balances. Therefore, tie up any loose ends you might have before submitting an application for an online gaming merchant account. Additionally, fix any credit score issues and make sure your debts are in good standing. Lastly, banks look favorably on your account if you have a decent amount of liquid assets (cash in savings) at the time of application.
PayKings Provides Online Gaming Merchant AccountsPayKings is leading the industry of payment processing, especially for high risk merchants. We help companies who need to acquire an online gaming merchant account and run a sustainable business. The process is easy, so you can focus on more important things. And when you start off your payment processing with the right company, you’re setting your business up for success right from the get-go. There are a number of business models in the online gaming industry that PayKings can help to get payment processing for, these include and are not limited to:
- Mobile Gaming
- Social Gaming
- Online Gambling
- Multiplayer Online Gaming
- Online Poker
- Horse Race Betting
PayKings understands the unique needs of different online gaming related businesses and has established 24+ acquiring banking relationships to become experts in getting online gaming companies accepting online payments.
Online Gaming Merchant Account Experts
- 20+ Proven Bank Relationships
- Medium/High Risk Accounts
- Fast (industry) Account Approval
- Large Merchant Case Studies
- E-Commerce and Retail Options
- B2B Vendors Supported
Multiple Payment Solutions
- Multiple E-Commerce Gateway
- Chargeback Prevention
- Credit Cards
- B2B-Level II/III Data Discounts
- 3D Secure Frictionless Checkout
- Mobile Payment
- EMV Readers
Intuitive Compatibility & Support
- Gateway Recurring Billing
- E-Commerce Cart Plugins
- Developer API / Docs
- International Merchant Accounts
- Dedicated Account Managers