Introduction
You’ve found a payment processor that has full online gaming merchant account solutions and knows the gaming industry. It’s like a regular merchant account, but it’s made for online gaming companies. Since there are fewer rules about online gambling than there are about land-based casinos, banks are hesitant to lend money to online gaming businesses. So, finding a good gaming merchant supplier may be hard, but it doesn’t have to be.
But if you have a strong online presence and can handle a lot of people visiting your site, it might be worth it to get one anyway.
Gaming merchant accounts let’s stores accept direct deposits from players’ bank accounts so they don’t have to carry cash.
In the last ten years, the gaming industry has grown a lot, and there are many ways to make money by selling popular games or other products. Our high-risk merchant account service is exactly what you need if you want to add this type of business to your existing portfolio.
Why do banks think that the gambling business is risky?
Online gaming and gambling come with risks because the law isn’t clear on how they should be treated. High-risk merchant accounts are for businesses that get a lot of chargebacks, have legal problems, or have other problems that make it more likely that they won’t get paid for their goods or services.
High-risk merchant accounts are for businesses that are worried about fraud or chargebacks. Because this account is used for riskier business, it has more security.
Even though online gambling has become a big and profitable part of the gambling industry, many banks and other financial institutions still stay away from it because of the high risk. There are more chargebacks and refunds at casinos and other online gaming businesses than at other types of businesses. These things make it more likely that the processor will be held legally responsible for any damages caused by the company’s credit card payments being processed.
Steps to get a Gaming merchant account!
Step 1: The first step is to sign up with us. When you click on
Step 2: You will be asked to fill out the application. After signing up, you will need to fill out the application form and upload the required documents. Here is a list of the documents that the merchant must provide:
- Passport or other official identification documents
- Certification of Registration and/or Articles of Incorporation
- A Bill for Utilities
- Validation of Your Domain’s Ownership
- License (If licensed)
- We do provide solutions for the unlicensed too.
Step 3: Once the application has been looked over, you’ll get an email about the offer and a full cost breakdown. After the application has been sent in, this will happen.
Step 4: We will talk about the service level agreement once our offer has been accepted. Once we get a copy of the agreement that you have digitally signed, we will be able to start integrating our solutions with your platform.
Step 5: Once the integration is done, you’ll do a few test runs, and if the results are what you wanted, we’ll turn on your account.
Once you have finished all of the steps, you are officially working with RAGAPAY, which can now handle transactions.
Why choose Ragapay?
Ragapay gives you a powerful payment solution and great customer service, both of which are very helpful. We offer high-quality services at affordable prices so that you can take your business to the next level. We also offer exceptional customer service, and our team responsible for managing client relations is almost always available to assist you in finding answers to your questions. Also, our team makes sure to keep you updated on the status of the process.
We also stand out in a number of other ways.
- Strong Authentication of the Customer (SCA)
- 3D Secure 2.0
- (EMV® 3DS)
- Automated Onboarding
- Methods for flexible integration
- Integrations from a third party
- Reporting Capabilities
- Multicurrency
- Anti-fraud
- Transaction Routing
- Primary Traffic
You must have a way to process credit card payments from people all over the world in real time. If you run a business that sells games, we can help you get more customers, handle more transactions every day, and make more money overall. Ragapay gives you more than one way to accept online credit card payments.
Through our gaming-acquisition partners, we give you everything you need to safely accept card payments and give out prizes.
Conclusion:
The gaming industry is very big and brings in billions of dollars every year. It’s important to have a merchant account provider who understands your needs and gives you the best service possible.
Our team of payment experts is very skilled and knows a lot about the problems payment brands face. They use their knowledge of technology to help customers make safe payments and increase conversions.
We are here to help you with any questions or concerns you have about this process. Feel free to connect.