Although offering huge revenue possibilities, the online casino merchant accounts involve high risk factors like potential chargeback and high volume sales, due to which most acquiring banks are reluctant at accepting online casino merchants. This creates a big hindrance for the online casino/gaming merchants and customers. Especially in the US, where most acquiring banks prohibit merchant accounts for casinos and online gambling while in UK, banks usually ask for at least a two year history and huge deposits. The best way, to accept online transactions and safely acquire credit card payments, is to get a gaming merchant account from the best merchant account service provider available.
What a Casino Merchant Account can offer? A lot!
With an online casino/gaming merchant account, gaming merchants can gain many advantages. An online casino/gambling merchant account allow merchants full control of their business and its revenues. With no hassle regarding high volume sales, potential chargeback, refunds and fraud, the casino merchant account holders are able to provide their customers with optimal services. Online casino merchant account enables merchants with not just a comparatively easier interface for their customers but also offers unlimited benefits that include:
o Safe transactions and payment processing options
o Protection against credit card scam and online fraud with proper tools
o Major credit card processing and payment deposits
o Some casino merchant account providers also offer cost effective and real-time processing solutions for offshore merchants in order to save their time and money
o With secure SSL encrypted servers casino merchant accounts get extra protection from fraud and online theft
o Certain casino merchant account providers also offer online reporting facility for their merchants. With this facility merchants are able to view transaction reports online
o Having a secure virtual terminal and a reliable payment gateway is a must for online casino merchant account holders. This allows hosting terminals for multi-user networking, processing credit cards and performing authorizations
o Casino merchant account holders can integrate an online shopping cart service on their website and facilitate their customers
o Most casino merchant account providers offer a 24/7 customer support for their customers. This is a very significant feature as it helps customers get technical and answers to their queries immediately
o Being able to accept major credit and debit cards provides a major advantage to the merchants, especially if you are a casino merchant account holder