How can eMerchant authority support my online gaming merchant account?
In online gaming, payment processing options can be difficult to find. It is known that banks tend to regard the online gaming industry as run by illegitimate businesses. Also, there is a range of high-risk problems that bank underwriters will pay attention to when they are processing your application for payment processing. It is understood that most traditional banks do not want to take on the risk that is often involved in supporting online merchant accounts.
They will usually be cautious to avoid unnecessary risks such as chargebacks, unpaid bills, low credit scores, and negative account balances. Therefore it is important to make sure your accounts are in order before making an application. Also, try to amend any outstanding credit score issues or debts. Banks will look positively on your accounts if you have a significant amount of liquid assets when you apply.
Online gaming companies find it very challenging to find stable payment processors that will accept to process all their online payments and help them grow their business. Since this is considered a high-risk industry, many business owners have faced serious consequences when working with banks and processors that don’t have experience in this field. For example, if you decide to open a gaming merchant account with a bank, and the bank closes it, all your money can be stuck in the bank for a very long time, and you won’t be able to sell your services and products online. In other words, this stops your cash flow, so you’ll be forced to research alternative payment methods that might not be as successful. If you want to avoid these issues, you have to keep reading.
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Choose A High-Risk Online Gaming Merchant Account
If you open your account under false claims or your business is stated to be a high risk after you have opened the account, you can expect it to be closed by the bank. It is a good idea to begin trading with the correct high-risk merchant account which will increase your chance of the bank being more lenient toward your situation.
The high-risk merchant account label is nothing to be ashamed of. A range of factors that exist regarding your industry, location as well as clients may put your business in the category of high-risk. However, despite that it may be more difficult, it does not mean that you will be unable to acquire the right merchant processing system to suit your business’ needs.
In the online gaming industry businesses will deal with a high chargeback rate to credit cards for a range of reasons including fraudulent transactions, high-priced items as well as government laws and gambling regulations. This makes credit card payments very risky, so most banks and processors will avoid working with these businesses. Instead of looking for other payment options, you can see what eMerchant Authority has to offer and how we can make your life easier.
What To Look For In A Online Gaming Credit Card Processor
Online gaming credit card processing is a serious task that you can only give to a very responsible processor. Aside from looking at online gaming merchant account providers with experience, there are a few other factors to influence your decision.
Let’s start with the fees. Opting for the cheapest provider isn’t a must; however, you should still find one that offers affordable merchant services. Online gaming might be problematic for most, but the right processor will have an entire team of experts to assign to your account and do that at acceptable rates.
In addition, the service has to be available for you via their customer service and needs to answer all your questions. Most businesses aren’t aware of many rights and regulations; therefore, they need professional help when setting up accounts and working with comprehensive payment solutions. The processor should be able to process payments fast, without any issues.
Finally, they should offer fraud protection for you and your customers. Fraudulent activity is one of the biggest issues for high-risk businesses and the reason why banks avoid working with online gaming companies. Another problem is common chargebacks. This happens when a customer disputes making a payment, so they request their money back. A professional and experienced processor like eMerchant Authority knows how to deal with these claims and protect your earnings when needed. On the other hand, banks might take a while to decide who should receive the money and will remove the funds from your account.
eMerchant Authority’s Online Gaming Merchant Options
eMerchant Authority is the leader in payment processing for high-risk merchants. We offer support to companies who need an online gaming merchant account for a sustainable business. Our process is simple so you can focus on your business. When you begin your payment processing with us, you will set your business up to succeed. There is a range of business models that eMerchant Authority can offer payment processing support for gaming types including mobile, social, online, multiplayer, online poker, casinos, lotteries, and horse racing.
Our experience and expertise will ensure you get the support you need. Even if you have a bad credit score or have a history of incurring chargebacks, we will help you to get your account approved.
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WHY USE eMERCHANT AUTHORITY?
eMerchant Authority is the leader in merchant processing for businesses of all sizes. We cater from medium to large establishments that would like to include POS systems and cashless payment transactions for their client's convenience. We also support new businesses, start-ups, and even high-risk merchants, so they can provide their customers with a secure and seamless shopping experience. Because customer satisfaction is also what we aim for.
Our services come at competitive rates, and we offer flexible payment solutions that are easy on the budget. Because we understand how financially difficult it is to be a business owner.
No cost surcharge and low-cost processing options. Latest hardware including Clover systems at unbeatable prices. We offer the perfect solution to all your retail payment system needs. Here are the unmatched benefits that you will receive when you apply for a retail merchant account with eMerchant Authority:
Merchant Account Experts
20+ Proven Bank Relationships
Medium/High Risk Accounts
Fast Merchant Account Approval
E-Commerce & Retail Options
B2B Vendors Supported
Multiple Payment Solutions
Multiple E-Commerce Gateways
ACH, E-Check, Credit Cards
B2B Level 2/3 Data Discounts
3D Secure Frictionless Checkout
Intuitive Technology & Support
Gateway Recurring Billing
E-Commerce Cart Plugins
International Merchant Accounts
Dedicated Account Managers