Gaming Merchant Accounts can be used to purchase online gambling, sports books, and other games that can be played over the internet. The internet is the primary source of consumer purchases these days. Online shopping is a great way to buy groceries, play video games and even gamble. Online payment is required to be able buy online, or use online services. You can pay online with a debit or credit card. Internet technology has made it possible to enjoy both online gambling and some gaming. It is easy to log on to various websites and even download apps for your smartphone or tablet. Virtual credits can be used to purchase a wide range of games.

Gaming, which started in the late 1990s, is one of the most important e-commerce sectors and shows no signs of slowing down. The 2016 revenue was estimated at $45 billion, with projections for 2018 only rising to $56 billion. This is a sign of rapid growth in the Gaming Merchant Account Services industry.

There are two types of gaming merchant accounts: coded and uncoded. Every merchant is assigned a merchant code (MCC), depending on the type of business. As a coded gaming service, licensed gaming merchants and websites can be created.

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Online gambling and gaming can be enjoyed by consumers using virtual credit. There are rules and regulations that must be followed by entrepreneurs who want to venture into this sector of the gaming industry. Online gambling requires the processing of payments so that customers can play multiple games and acquire virtual credits.

People can now access the app from their phones to play video games thanks to the advances in the gaming industry. For people to use the app to buy credits, a merchant must be created.

Online Gambling and Gaming Merchant Accounts for all types of Businesses

• Casinos
• Raffles
• Horse race betting
• In-play gambling
• Lotteries
• Massively multiplayer online gaming
• Mobile gambling
• Mobile gaming
• Online bingo
• Online poker
• Social gaming
• Reverse & Penny Auctions

What Can You Do To Avoid Chargebacks For Gaming Merchant Accounts?

Chargebacks are a problem for online gambling merchants. If a person is facing an online loss, they can claim chargebacks. This is a losing battle to businesses. Binary Gateways teaches merchants how to avoid, dispute, and reverse chargeback. There are blogs about chargeback strategies that can be found on the website.

High-Risk Business A bank or a merchant account provider can help you obtain a merchant card. It can be difficult if your online business is high-risk. Because of the high risk of fraud, traditional banks and credit card companies will not transact with these online businesses. One type of merchant account is called the. Online businesses that are high-risk must acquire a merchant account. Many online businesses are high-risk, which is why such merchants must have a high-risk account in order to facilitate payment processing for their customers. 

Gaming Merchant Accounts: What Are Their Benefits?

Gamers can increase their profits by selling them many benefits.

• No set up fees and quick approvals
• No foreign exchange risk
• Customers can pay in their native currency. This will increase your customer base and traffic.
• Protect yourself with charge back protection programs
• You can get a complete overview of each type of transaction with real-time reporting tools
• Comprehensive fraud prevention tools

How Can I Obtain Gaming Merchant Account Services?

Because of factors like background and potential legal issues due the vague laws, high chargeback rate of online casinos and gaming businesses, traditional financial institutions are reluctant to gamble on them, even though they have proven to be profitable businesses.

Binary Gateways can help businesses obtain a UK or London gaming merchant account to facilitate credit card payments. We offer customized payment processing solutions to suit all types of businesses. Binary Gateways offers merchant accounts in the UK, London and Europe. This is a great alternative to traditional merchant providers and banks. We can help you set up high-volume gaming merchants services in your company.

Why Choose Binary Gateways?

Binary Gateways offers customized, affordable merchant account services to all types of businesses.

Binary Gateways has strong relationships with both our merchants and our banking partners to ensure long-term success.

We are one the most trusted gaming merchant account providers in Europe, USA and UK.

We are targeting the following locations: USA, UK, London. Europe, Russia. Germany. France. Italy. Spain. Ukraine. Poland. Romania. Netherlands. Belgium. Greece. Sweden. Austria. Switzerland. Norway. Ireland

Final thoughts

A payment gateway is essential for any high-risk business, regardless of whether they are in gambling, forex, or other sectors. Gateway providers provide merchants with a wide range of AI tools, secure payment networks, and the ability to help them get merchant accounts. A payment gateway is essential for keeping the lines of communication open in today’s world where transparency is a top priority for customers with high-risk brands. The payment gateway simplifies business operations and payments. It also ensures cardholder safety through PCI DSS compliance. A gambling merchant should look for reliable gateway providers. The Binary Gateways payment Gateway solutions are an exceptional example.