ONLINE GAMING INDUSTRY
Across the globe people are spending a lot of money in their entertainment. The global media and entertainment market has perpetually been on the rise. And Gaming is the vital segment of this market. Over the decades online gaming has evolved as one of the most growing and developing industry. Games are growing at a healthier rate than Hollywood!!
Online games include teenager girls and boys; adult men and women and even the elderly have not been left out. The number of online console gamers is expected to grow to over 57 million by 2020 which will give a projected worldwide growth of $2.14 trillion!
More and more merchants are trying their luck in the online gaming industry because it’s an ever developing market. If you are an aspiring merchant and looking forward to set up an online gaming business then you need a gaming merchant account.
WHAT IS MERCHANT ACCOUNT?
Swagbucks, Exodus3000, Play rummy, Second life etc. If you are aware of these famous online games and have knowledge about how they work and most importantly have keen interest in this gaming business then you too can run your own gaming website with great content and make 6 figures annually easily. You have an attractive gaming website with strong content but to earn money from it you need a gaming merchant account.
Thus, if you, as an online gaming merchant, want to accept credit/ debit card payments, you have to search for a payment processor like iPayTotal that is ready to provide merchant services for you.
To simplify and improve the customer’s shopping experience, Merchant Account is playing a major role. It has enhanced the speed, increased efficiency, provided best payment gateway, and maintained the greater standards of security and elasticity for both seller and buyer.
HOW GAMING MERCHANT ACCOUNT CAN HELP GAMING INDUSTRY?
By now you must have understood that to run online gaming business, merchant needs a Gaming Merchant Account.
Here we have discussed what a good gaming merchant account actually offers to merchant.
- Merchant account for all types of gaming business: A perfect online gaming merchant account covers all type of online gaming business. Here is the list of different types of business in gaming industry.
*Table games and poker
*Horse race betting
*App based games
- Easily make big payments: Some merchant account providers restrict the amount of transaction which turns out to be a big problem for merchants. A perfect merchant account enables you to make big transactions easily and support them in sorting out any restriction.
- High services for high risk business: As an owner of an online gaming business you should be aware of the fact that your business type is labeled as high risk business, since the laws are not very well defined and it is highly prone to high chargeback (credit card transaction disputes). For a high risk business like yours it’s very challenging to get a merchant account. Only an experienced merchant account provider can offer you best suitable high risk gaming merchant account.
- Customer services: Your relation with your merchant account provider is really important as your business transactions are being controlled by them. A worthy merchant account provider gives you the best customer service; it helps you to grow your business across the globe and gives you freedom to accept payments in multiple currencies. 24*7 services should be provided by your gaming merchant account provider to you to answer all your queries.
- Security to your business: Let’s be very practical while talking about risks involved in online or any business. Nobody can eliminate the risks 100%; we can only manage them which will gradually decrease the risks. Merchant account provides you security and assists business fight fraudulent transactions. Different security measures are being taken by merchant account provider to keep you safe from the trap of cyber-hackers and other frauds.
Commonly provided security tools by merchant account provider
- Fraud tools, encryption and tokenization
- EMV terminals
- Tap and pay POS systems
- PCI compliance tools
- General security awareness
- Fast and easy approval: Many merchant account states to give your high risk business fast approval for merchant account but take months and even years. Experienced and high risk business specialist merchant account providers can only give approval timely, like iPayTotal, who understands the urgency and loss of business.
- Transparency: Now a day, merchant account providers do not disclose the charges and fees clearly and add number of hidden charges. Always be very careful while choosing provider. Honest merchant account providers clearly tell you about you charges and explain every terms and conditions applied.
There are number of things we are offered by a good gaming merchant account. To meet all these requirements, iPayTotal has professionals who are handling every business with utmost honesty and intelligence. To keep your business updated and safe there is no better option in market than iPayTotal. Best high risk gaming merchant account services are being offered by us to more than thousands of happy customers.
So, let’s get started!!