As the online gaming industry grows at a quick rate, gamers are becoming more aware of the services and features offered by gaming platform providers. A company’s revenues from online gaming, on the other hand, can be maximized with the help of a trustworthy online gaming merchant account. Learn how to open an online gaming merchant account and about the various payment gateways that are available.

What is an iGaming Online Gambling Merchant Account?

Alt-text: Online gaming merchant account

An online gaming merchant account is a payment processing account dedicated to online gaming businesses. Its goal is to accept deposits and payments, as well as to arrange payouts and player awards. It is frequently linked to a payment processor installed within the website or application.

Obtaining an online gaming merchant account is not straightforward, but if you follow the guidelines and submit the required documentation and information, as well as go through an experienced corporate services provider, your chances of acceptance are extremely great.

Why Use a Trusted Merchant Account for Online Gaming?

While online gaming is now highly regulated and organized, some financial institutions continue to believe that certain risks persist. They will most likely become more knowledgeable about the sector and more trusting of online gaming suppliers over time.

Note that all these points do not rule out the possibility of obtaining online gaming payment processing. There is still a way to obtain genuine payment processing accounts for your online gaming website despite the high risk.

• High chargeback rate:

Casinos and online gaming firms have significant chargeback and refund rates, which raises the processor’s risk while processing credit card payments.

• High turnover rate

They also have a greater turnover rate, which raises the risk for processors.

• Worries about fraud

Many gaming operations are headquartered offshore, raising worries about the prevalence of money laundering and fraud.

How do I Get an Online Merchant Account?

Because now you know why online gaming merchant accounts are so necessary, the following step is to figure out what you’ll need throughout the application process. To obtain an online gambling merchant account, a corporation just simply fill out the web form provided by the merchant account provider. Furthermore, underwriters and processors will be required to give the merchant account provider the following information:

Requirements for an Online Gaming Merchant

• A government-issued identification card (driver’s license, etc.)

• History of processing (3 months for the US; 6 months for international)

• Account statements

• Licensing details

• Statements of financial position for high-volume online gaming retailers

Website Requirements for Opening an Online Gaming Merchant Account

You must have the following things on your website to open an online gambling merchant account:

• Page Concerning Privacy Policies

• A page containing the Terms and Conditions

• The company’s name appears in the footer

• Policy on Deposits and Refunds

• Logos for Visa and Mastercard [if you accept them as payment methods]

Risks to Avoid

Alt-text: Online gaming merchant  account

When an online casino or gaming site asks for a merchant account, the underwriters and processors must verify the site’s legitimacy. Underwriters evaluate many factors to ensure that credit card processors do not take on additional risks. Before approving online gaming merchant accounts, insurers and processors look for the following red flags, therefore avoid doing any of them.

Among the high-risk characteristics considered by underwriters are:

• A history of credit card transaction disputes
• High chargeback ratios
• Suspicious bank statements
• Having a bad credit score and credit card processing history
• Negative bank account balance
• Overdue bills and payments

Online Gaming Merchant Gateway Options

Alt-text:  merchant  account

You should select a gaming payments solution that offers the finest merchant and gamer experiences, as well as security measures. Consider the simplicity of integration as well as the pricing. You should also keep in mind that an uninterrupted gaming experience includes fast and uninterrupted payment processing. Gaming and payments must work in tandem.

The rate premium is a small downside of using an online gaming payment portal. Derivatives are usually more expensive than traditional banks. Traditional banks do not underwrite these accounts. For this reason, you should use a high-risk provider for your payment gateway. Their customer support agents can assist you to set up your online store’s technology.

• Debit cards: Debit cards are harder to charge back than credit cards. And have shorter windows for chargebacks.  You can accept standard debit cards. Payments from virtual debit cards are also possible. But unlike ordinary debit cards, virtual cards do not come with a physical card. Money credited to a virtual debit card can be used online but not in stores.
• Credit Cards. Use credit cards to play online
• Crypto: Using a renowned crypto gateway for your business will help you attract new consumers and differentiate you from your competitors. And crypto payments have 0 risk of chargebacks.

Online Gaming Accounts in the US and Europe

Online gaming accounts are readily available to all properly licensed merchants.  The US is opening up more than ever before to online gaming.  Including fantasy sports, parimutuel betting, games of skill, and sites run by the major casinos and sportsbooks located in the United States.

Europe is a prime location for some of the largest online gaming and sportsbooks in the world. The European gaming market is well-established.  Reliable, dependable, high volume processing is widely available.

All online gaming merchant accounts include the ability to accept debit and credit cards.  And crypto payments are integrated into the gateway, so you can accept crypto as well as card payments

Curacao Online Gaming Merchant

Curacao’s e-gaming license is one of the most widely used in the world. Due to its popularity, the jurisdiction currently licenses and operates roughly four hundred fifty (450) online gaming firms. To be safe, get a Curacao license.

Without a doubt, the operation provides numerous benefits to the holder, including business and fiscal incentives. To begin, Curacao is probably the quickest, cheapest, easiest, and most accessible country in which to obtain a gaming license. It has a simple application process and low maintenance requirements, and it gives entrepreneurs an excellent opportunity to test their product before confronting more difficult licensing jurisdictions. While certain standards must still be satisfied, the amount of bureaucracy is reduced and valuable time is saved. Additionally, it offers a single license for all game types. Among the activities covered by this license are the following:

• online casino games (roulette, blackjack, slots);
• sports betting peer to peer games (poker, backgammon, mah-jong);
• mobile phone games, betting;
• live dealing;
• bingo;
• fantasy football;
• various trading activity;
• pari-mutual and pool betting;
• network gaming;
• lotteries

Curacao licensing is acceptable to European acquirers.  Most Curacao online gaming merchants have European entities, directors, and bank accounts that meet the requirements of European banks.

Next Steps for your Business

Gambling and online paid gambling sites are more accessible than ever, which has boosted the demand for merchant accounts to support the sector. So, here is your business chance to optimize your processes. Stay ahead of the competition by opening a merchant account with the help of a  trustworthy merchant account provider who will take you through a secured process

It’s time to stop being conservative with traditional banks and move ahead of the curve with online gaming merchant account services. It pays for online gaming enterprises to get their merchant accounts approved and ready to collect payments from clients in real-time.

It is natural to ignore aspects of your business that don’t demand urgent attention. However, as an independent software vendor (ISV), one area you cannot afford to overlook is providing integrated payments to your consumers. Explore why it is crucial to have integrated payments for independent software vendors.

A major advantage of integrated payments for independent software vendors is the ability to generate recurring income. This blog will define all of these concepts while highlighting the reasons why ISVs require an independent payment solution.

What are ISVs and Integrated payments?

ISV is a term that refers to software developers that create, promote, and offer software services to either niche or mass markets.

In general, the software produced by ISVs serves a wide range of functions in different vertical industries like gambling, e-commerce, energy innovation, data capture, and healthcare.

ISVs also develop software that is native to different devices and operating system platforms. Special initiatives are offered by companies that provide these platforms to encourage and assist ISVs.

These initiatives enable the platform provider and the ISV to capitalize on their complementary capabilities and turn them into new commercial possibilities.

ISVs have emerged as key players in the IT sector, frequently acting as funnels for the dissemination of innovative technology.

Integrated payments are payment processing systems that are incorporated into software programs. With an integrated payment solution, customers can pay directly through a software program.

An integrated payment, for example, would enable your clients to take payments straight from their customer relationship management (CRM) or billing software.

This new feature enables your clients to optimize their operations and provide their consumers with a safe, simplified payment experience.

Integrated payment systems also increase the value of your product and provide additional income opportunities.

However, software suppliers do not have to go through the process of becoming a payment processor to enable these essential solutions for clients. Instead, you may collaborate with a third-party supplier of integrated payment solutions. These third-party suppliers will help create a seamless payment space for the customers of your client.

Now that you have an idea of what ISVs are and how they can utilize integrated payment solutions, let’s look at the benefits of integrated payment for your software programs.

5 benefits of integrated payment solutions for ISVs?

The most important thing to remember is that integrated payment solutions help both your company and your customers. Here are five reasons why ISV payment solutions may benefit your software business.

1.     Improve Customer Loyalty and Retention

When it comes to deploying a software solution, your clients are already overwhelmed with alternative options.

And it’s not difficult to discover other firms that provide identical services. That is why it is critical to increase your software’s functionality and deliver a superior product to your clients.

And that is what you are accomplishing by adopting integrated payment solutions. You are adding value to your clients by installing a payment gateway for ISVs.

And by making investments in the customer experience, you will increase client retention and loyalty.

2.     Give your clients more revenue potential.

You may enhance your clients’ marketing potential by introducing payment solutions to your product range.

They can accept a wider range of online payments, allowing businesses to sell to a larger audience and get items to market faster. 

And because payment data are automatically loaded into the program, integrated payment systems eliminate the need for manual bookkeeping.

3.     Provide a simple and compliant check-out option

Offering digital transactions has numerous advantages, but it does represent a significant data security risk.

Your clients are putting their customers’ payment information in danger every time they refer them to a third-party processor. Integrated payment solutions leverage tokenization to provide payment card industry (PCI) compliant technology without having to handle confidential billing information directly.

Tokenization is the process of replacing sensitive customer data with non-sensitive special characters known as tokens. A token is a one-of-a-kind series of characters that mimics the original data but has no real value.

As a result, critical client information is safeguarded, if a data breach occurs. This guarantees that all client funds are kept safe.

4.     Increase your market competitiveness.

Your firm will be more competitive in the market if you add a new service or payment choice to your service.

This is important when the service is as critical to a company’s success as the capacity to accept payments. For example, credit card processing for ISVs provides the following benefits:

• Assist in establishing your firm as an expert who can offer a variety of software solutions
• Minimize the volume of work clients must undertake to start their business.
• They increase the value of your software solutions

Including extra services to your products helps your company stand out from the competition and creates a marketing strategy that potential customers can connect with.

5.     Establishing Recurring Revenue

One of the most significant advantages of an integrated payment system is the ability to generate recurring income streams through one of three basic partner models: the agent model, the referral program, or the independent sales organization (ISO) model.

If you decide that a partnership strategy is better for you, it’s a good idea to engage with a payment provider that has a specialized staff of sales professionals.

You may want to locate a sales staff that is an expert in your industry, ready to learn your product, and understands the demands of your clients.

Your partner should collaborate with you to develop personalized marketing initiatives that align with your customer service strategy.

There are several advantages to making ISV payments solutions. As a result, while building software for clients, particularly e-commerce customers, ISVs should consider incorporating payments solutions.

Conclusion

Adopting integrated payment solutions allows you to:

1. Provide your customers with a secure and seamless checkout experience for their consumers
2. Increase your company’s market competitiveness

What’s more, you don’t have to become a payment processor to offer these services to your customers. You may benefit from tailored payment solutions by partnering with third-party integrated payment providers rather than doing the hard work yourself.

Crypto Payment Processing/Crypto Merchant Accounts

Merchants tips for accepting Cryptocurrency payment processing.

Presently, the question lies in how to choose the most effective, and secure payment gateway provider

The cryptocurrency industry is quickly evolving, as well as the payment gateways sector is growing. Crypto payment gateway is a platform for online transactions that can help companies accept payments in cryptocurrencies.

What is a crypto payment processing gateway?

A crypto payment processing gateway permits businesses or companies to accept payments in the form of cryptocurrency.

If you are a merchant with an e-commerce business where money is exchanged for goods or services, then chances are you accept major credit cards as a payment method for your customers. With a crypto payment processing gateway, merchants could accept payments in the form of a variety of cryptocurrencies on their website, just like they will a credit card or bank transfer. Customers can then pay for goods using Bitcoin, Ethereum, USDT, and lots of other cryptocurrencies.

Here is a tips guide put together to accept cryptocurrency payments from start to end. There are experts in the industry that can answer the most commonly asked questions relating to the original digital currency.

How Do Crypto Payment Processing Gateways Work?

Crypto payment processing gateways could function in many different roles.

The principal function of a crypto payment processing gateway is to allow customers to pay for goods and services by using cryptocurrencies. For example, if you’d like to allow customers to pay in Bitcoin BTC, you can use a payment processing gateway to start accepting Bitcoin in exchange for your goods and services.

Some crypto payment processing gateways could create a wallet for you to store the coins that you accept, or get connected to an existing wallet that you previously use. They could allow you to convert between different fiat and cryptocurrencies after receiving the payment. In this way, your business can receive and hold many different cryptocurrencies.

For example, if you are located in the USA you can use a crypto payment processing gateway to accept payments in Ethereum and convert to the US. Dollars you could transfer directly to your company bank account.

Reasons to Use a Crypto Payment Processing Gateway?

Accepting payments in cryptocurrencies can provide you with an edge over your competitors.  Both cards and crypto are included in the crypto gateway.  Accept cards or crypto or both.  The more ways buyers can pay you, the more profitable your business will be.

A few benefits of using a crypto payment processing gateway include:

• Fast: Cryptocurrency transactions appear immediately, compared to the delays of credit card and bank transfers.
• Safety: Payments are confirmed by the blockchain, enabling greater security and transparency than the potential chargebacks associated with credit card transactions.
• Save on fees: By using crypto payment processing will also enable you to save on transaction fees connected with traditional payment methods. Traditional credit card fees could be up to seven times as expensive as fees from crypto transactions.
• Ease of use: Crypto payment processing streamlines the process for you, from conversions between fiat and crypto to setting up wallets to receive the cryptocurrencies.
• Accept crypto and card payments through the same gateway, streamlining reconciliation and settlements.

Choosing the Best Crypto Payment Processing Gateway for Your Business

When deciding on a crypto payment processing gateway, it’s important to look at how it can best serve your business.

Do they usually have coverage for the coins that your customers use? It’s necessary to choose the provider that supports the cryptocurrency which your customers may prefer using. Likewise, your crypto payment processing gateway should offer a conversion process between cryptocurrencies and your local currency, if you choose to convert at all.

Fees can vary across different processors. While still much lower than traditional online fiat processors, transaction fees can easily still fluctuate between crypto gateways.

Customer experience. Is the experience easy for customers to pay with crypto, or convert from fiat currency?  Will they have a helpful customer support team? Here are some other important factors to take into consideration when choosing a crypto payment processing gateway.

This allows businesses to integrate cryptocurrency into their payment option offering a fast, easy and secure entry point into the cryptocurrency market and supporting more fiat currencies and more cryptocurrencies. enables crypto access via the most generally-used mobile payments for example Apple Pay, Google Pay, and Samsung Pay, as well as the biggest worldwide card services such as Visa and Mastercard.

Crypto Merchant Accounts

Are you operating a crypto exchange? Keep reading to find approaches to get trustworthy payment processing.

The markets could be volatile, however, which has not stopped the demand for cryptocurrency exchanges or merchants asking about crypto merchant accounts.

The pandemic has sent interest in cryptocurrencies such as Bitcoin and Ethereum into overdrive. Website visits to cryptocurrency exchange websites have recently increased to over 145.3 million visits a month this past September alone. That represents a 31.5% month-on-month increase. It seems the recent surge in volatility has piqued investors’ interest.

For cryptocurrency merchants operating in America Market, this represents an opportunity. With curiosity at all-time-high levels, smart operators are likely to be making the necessary preparations to build on current market conditions.

For many of you, that will mean sharpening up your payment channels. For instance, if you don’t have a cryptocurrency merchant account, you could find yourself fighting to maintain demand and losing off to competitors. Not to mention suffering huge transaction fees. Would you genuinely want to miss the market opportunity? No, I don’t think you did.

This informative article will show you what actions must be taken to secure a cryptocurrency merchant account. You’ll need to lead via a hoop that few get one. Nonetheless, the payoff is huge.

Getting a license to operate is important to succeed  

Although investors are anxious to reap the benefits of risk in the crypto markets, obtaining banks and payment processors is looking to do the opposite. While interest could be at an all-time high for cryptocurrency merchants, those offering payment options for operators that accept cryptocurrency aren’t quite as enthusiastic.

First, it is important to register and possibly obtain a license, depending on your country of operation.

 cryptocurrency exchange providers and digital wallet providers. At present, you have to at least register, and in most cases, get a license to carry on.

The issue for this process varies wildly from country to country. For example, some states will call ask you to register with their national regulators.

At this time you know what you need to be the focus on, what are the next steps you should take as a merchant in the cryptocurrency straight down?

Securing Your Cryptocurrency Merchant Account

Prevent piggybacking off of other preexisting exchanges or digital currency wallet providers. White labeling is simply not viewed favorably by acquirers. Banks do not want to provide payment processing for merchants with no direct control over their products and services. The risk is too high.

They might essentially be dealing with the risk of two sets of products and services, one of which they cannot efficiently evaluate. Banks may also question your business’s ability to scale and increase in value, taking into consideration the fact that you don’t have all of your software. White labeler could go bust.  This can leave you without a business overnight.

Another step to obtain a cryptocurrency merchant account is processing history. Once you have accumulated three to six months for processing, you’ll be ready to start the procedure. But what do you need?

Finally, now you know what you need to be focusing on, and you have understood all the steps you can take as a merchant in Cryptocurrency.

Benefits of a Cryptocurrency Merchant Account

The US presents the best opportunity for crypto merchants at this moment in time. While the stifling regulation in both Russia and Europe is making things hard for merchants, the US is paving the way for crypto exchanges and digital currency wallet providers. Improved as well as simple regulations combined with a push from trusted card issuers for example Visa and Mastercard make US. the place to be for providers or crypto-associated products and services.

It said, getting a high-risk merchant account in this vertical is still challenging. Operators have to remove all of the stops to convince acquiring banks that they are worth the risk. Licenses need to be obtained, and an incredible commitment to security checks is important to securing merchant account processing and scaling your business. But, by taking the measures shown in this article, you stand a great chance.

As soon as you’ve made development on those demands, it is worth calling a cryptocurrency merchant account you need to have relationships with many acquirers who accept crypto merchants and the knowledge to help put together the best application possible. Without that kind of knowledge onboard, you can spend weeks, if not months, trying to secure a high-risk merchant account in this vertical. Once you receive all this, you are good to go and your merchant account gives you the best fast transactions and now you start benefiting.

Conclusion

As mentioned, obtaining a license is very important. Without one, you’ll be seen as operating illegally in various US states before the end of the year. As well as being a legal requirement, they also prove your commitment to AML, KYC, and CFT checks that acquiring banks will appreciate.

So whether you own bitcoin payments for clients or provide an exchange for traders of altcoins for example Ethereum or bitcoin, don’t be reluctant to get hold of here today. Learn how you can be allowed to achieve better payment processing and scalability for your crypto business.

Take your business to the next level – Explore the benefits of cryptocurrency merchant accounts

Online payments are rapidly gaining popularity across the world and more and more businesses are accepting payments through Bitcoin and other cryptocurrencies. Businesses across a wide range of industries are accepting cryptocurrencies to fulfil the needs of people who prefer to buy goods and services online.

The demand for cryptocurrency payment solutions is growing rapidly because they offer a safe, secure and transparent way of making payments across borders. Irrespective of your line of business, accepting payments through cryptocurrencies offers several major benefits:

More Security

Crypto payments are safer and less vulnerable to DDoS attacks and fraud than traditional payments. The benefits and opportunities offered by crypto payments for all online businesses are clearly visible.  

Instantly Available

Unlike traditional payments, no third parties are involved in a crypto transaction. As soon as a payment transaction is completed, the amount is in your wallet. You can access it instantly and convert your cryptos into a fiat currency of your choice.  

Get New Customers

Cryptocurrency is becoming popular and customers who want to pay in cryptos are looking for businesses that accept them. A business that accepts crypto payments can attract a new set of customers.

No Chargeback Fraud

A cryptocurrency transaction cannot be changed. As soon as a customer pays for a product or service the funds go directly into the account. The charges cannot be reversed, unlike payments made by credit card.

More and more businesses want to accept cryptocurrency payments to fulfil the demands of their customers.

Are you ready to accept crypto payments from your customers? Expand your horizons and accept crypto payments globally

We help customers from a wide range of industries to set up secure and safe crypto merchant accounts without any hassles.

Once you start accepting cryptocurrency payments, you can expand your horizons and operate on a global scale. We will help you to set up a secure cryptocurrency merchant account and other payment gateways.

Explore New Markets and Grow Your Business  

We help high-risk merchants to establish secure payment systems, which include card processing and cryptocurrency payments. The aim is to make it much easier for clients to buy from you.

Our clients range from crypto merchants to crypto users who depend on us to provide state-of-the-art solutions for security, checkouts, transaction systems, crypto wallets, crypto exchanges and more. We help our clients to reach their business objectives faster. 

We empower customers across a wide range of industries

Travel Industry

Travel merchants are allowing block chain and crypto fans to use Bitcoin wallets and many other cryptocurrencies to buy tickets. Many security measures are needed for crypto tourism.

We help high-risk merchants to make cryptocurrency payments so that you can provide great service to your customers without putting your own or their security at risk while traveling.

Some of the benefits of accepting crypto payments for travel merchants are:

• Efficient ticket management
• Global acceptance
• Lower cash flow risk
• Lower risk of identity and payment fraud
• On-time payments and cancellations

Gift Cards

The use of crypto wallets to buy gift cards has become popular, turning cryptocurrency into points that can be redeemed at online or local stores. Accepting cryptocurrency payments increases the payment options for your customers, who can then spend more on your website.

The right payment gateway makes everything possible. If you allow cryptocurrency to be converted into gift cards, you will increase the purchasing power of visitors and improve their experience. Some of the benefits of accepting crypto payments for the purchase of gift cards are:

• Easily convertibility
• Freedom to shop virtually
• Improved chances of rewards
• More flexibility because it’s easier to swap
• No chargebacks

Online Gambling

A big issue in gambling is to ensure security after a win and the time required to convert large earnings. Crypto payments can enable quick transactions, promote fair games and improve the gambling experience for your customers. Some of the benefits of accepting crypto payments for online gambling are:

• Better winnings, decentralized currency
• Easily convertible
• Encrypted seeds allow fair gameplay
• No geolocation limitations
• Privacy from hackers and governments

Online Gaming

More than half of millennial gamers possess cryptocurrency, and 3/4^th of them say they would like to convert virtual goods into a currency that can be utilized on other platforms, such as a virtual currency. Accepting crypto payments allows gamers to:

• Eliminate chargebacks
• Full integration with gamer IDs
• Make instant in-game transactions
• Play and pay from anywhere
• Lower transaction costs and fees, no intermediaries

Cannabis/CBD

You can welcome customers from everywhere by allowing them to use a payment method that suits them to buy hemp and CBD products. Use your high-risk merchant account to keep track of every payment that arrives to ensure compliance.

We provide a wide variety of tools, from point of sale crypto payments to crypto checkouts, which help to simplify business processes. Some of the benefits of accepting crypto payments for cannabis/CBD merchants are:

• Accept crypto payments at the point of sale
• Improved high-risk transaction security
• No bank legal issues
• Payments are easy to track
• Reduced fees, higher profit margins

NFT and Digital Assets

More NFT protocols are being listed in the market, making the buying and selling non-fungible tokens popular. This allows you to tokenize items like music, art, sports, etc., and makes it easy for customers to buy and sell. Digital articles may include CBD, gift cards, high ticket products, etc. Some benefits of NFT crypto merchant accounts are:

• Easily transferable
• Full ownership
• Indivisible currency
• Prevention of fraud
• Suitable for collector’s items

Some Other Industries

Other industries that can benefit from crypto payments are software/web services, online entertainment, electronics, high ticket products, pay-per-view entertainment providers, luxury retailers and auction houses.

Cryptocurrency payments offer numerous benefits and this is a great opportunity for you to stand head and shoulders above the competition as an innovator and pioneer. A few other major benefits of crypto payments are:

• Offer and accept payments anonymously
• Protects against fiat currency fluctuation
• Reduces chargeback fraud
• Transactions are secure, quick and easy
• User-friendliness
• Versatility

Conclusion

The more payment methods you offer at checkout, the more sales you make.  Our payment gateway gives you the ability to accept crypto payments.  Plus card payments and ACH.  

Contact us today to discover more about how to maximize your profits while minimizing risk.