Finding a Reputable Provider of Merchant Services and Credit Card Processing for Online Gaming
Are you running an online gaming business? If that is so, then you are most likely to apply for a merchant account in order to accept cashless transactions. But here’s the thing that you should know: the chances that your application will be declined are quite high. The reason? That is because online gaming belongs to what commonly called a “high-risk’ account. Why is that so? Some of the reasons are the following:
Because of licensing issue. As opposed to other types of business, online gaming sites have to hurdle stricter permits and licensing rules.
Because of the possibility of merchant fraud. Though any business can be vulnerable to fraudulent activities, online gaming business is considered even more vulnerable. Many service providers must naturally be more wary of merchant fraud; they are concerned that your account may engage in (or be exposed to) undesirable behaviour.
Because of excessive chargebacks. It is believed that online gaming businesses tend to accumulate excessive chargebacks.
Because your business appears on the MATCH list. MATCH stands for Member Alert to Control High Risk list, which catalogs offenders who commit fraud and other unscrupulous activities.
If your name or business appears on the list, it can be more difficult for you to get a merchant account.
Because your business is based abroad. Most online gaming sites are based offshore, which leaves US banks with no options to providing credit card processing solutions.
How to find a reliable merchant services and credit card processing for online gaming
To get top-notch merchant services and credit card processing for your online gaming business, see to it that you find a reliable merchant account/ payment gateway provider in town.
Here are a number of considerations to take into account in the selection:
A service provider that caters to high-risk accounts
Caters to accounts based offshore
Has a complete merchant account solution (provides all you need for your online gaming business payment processing needs)
Offers 24/7 professional customer support; this is to ensure that downtime is minimal
Offers one of the most (if not the most) competitive rates
Has more positive reviews
For more inquiries on merchant services and credit card processing for online gaming, contact us here at Swipebox at (720) 277-0648