GAMING MERCHANT ACCOUNT (1)

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Online gaming merchant account and payment
gateway from iPayTotal
iPayTotal Ltd
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Online gaming merchant account and payment
gateway from iPayTotal

• Role of a high risk payment processor in Online
  Gaming websites.
• More sales opportunities
• Accepting credit cards gives your customers more
  options to pay for purchases and actually
  increases the likelihood that they will make a
  larger purchase. Its been shown that customers
  are more comfortable making larger purchases
  using their credit card, likely due to bank
  cardholder protections and the physical
  detachment from cash. Accepting credit cards
  also allows your business to set up an online
  store where gambling merchant accounts customers
  from around the world can shop for your products
  and services 24/7, giving your business
  significantly more opportunities to make sales.
• Improve your cash flow
• Accepting credit cards a"ords you the ability to
  receive your deposits as quickly as a few hours
  or a few business days. Compared to checks which
  can take up to 30 days to clear and invoices that
  can take up to 90 days to be paid (if theyre
  paid at all!), accepting credit cards gets money
  into your businesss bank account faster.
• Speed up your transactions

Online gaming merchant account and payment
gateway from iPayTotal
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Online gaming merchant account and payment
gateway from iPayTotal
Authorizing a credit card takes only a few
seconds, giving you more time to manage the rest
of your business and help more customers. If your
business accepts tap and NFC (Near Field
Communication) payments, then the entire
transaction can be reduced to a few seconds. This
means faster checkouts and shorter lines for
your customers, and more sales in less time for
your business. 4. Expand your market while
staying competitive Visa and Mastercard are
international brands. By accepting these card
types through an online gaming merchant account
bank, you have access to customers in over 170
countries who are able to pay for your products
or services with just a few clicks. Accepting
online gaming merchant account high-risk credit
cards also helps you keep up with your
competition by meeting customer expectations for
payment options online gaming merchant account
quotes if you dont o"er the payment type that
theyre expecting, then theres a greater chance
they will go to another business that does.
People are carrying less cash than ever before,
and its unlikely your business can a"ord to
ignore this trend of opting for an online gaming
merchant account. Starting an online gaming
business is a daunting task. The gaming industry
is on the cutting edge of payment technology.
Globally, nearly 400 billion is spent annually
on gaming. This equates to thousands of debit
and credit card transactions being processed
every day by the diverse entities comprising our
nook of the global economy.
Online gaming merchant account and payment
gateway from iPayTotal
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Online gaming merchant account and payment
gateway from iPayTotal
Todays gaming industry o"ers customers a range
of wagering options, from traditional
brick-and-mortar to the latest casino games
online or on mobile devices. Amid the growth of
platforms, gaming is increasingly becoming a
target for criminals looking to obtain cardholder
and transaction information, this online gaming
merchant account requirements have new additions
now. Gaming isnt the only industry being
targeted by hackers. High-profile retail
companies, banks, and even electronics
manufacturers have been recent victims. Despite
the millions of dollars ,companies spend on
protecting their online assets, they have been
hacked and confidential data has been stolen,
causing significant damage to companies
reputations. Regional frameworks are important
for every operator, not only from a legal point
of view, through the necessity of obtaining a
gambling licence, but also because every player
in the industry must develop and provide products
that are specially customized for a particular
jurisdiction in order to assure a high level of
compliance standard. Since operators, especially
start-ups that are ready to access the iGaming
industry, need to consider aspects like online
gambling licences, payment mechanisms and
solutions specially tailored for a specific
market like online gaming merchant account , a
growing demand emerges for dedicated iGaming
providers that can respond to these requirements
through white label solutions and professional
services.
Online gaming merchant account and payment
gateway from iPayTotal
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Online gaming merchant account and payment
gateway from iPayTotal
Ongoing e"orts must be made in order to maintain
high standards and keep your customers fully
satisfied. At the end of the day, its the joint
e"ort of your software provider and your
marketing and sales departments that need to
align in order to bring your business
forward. Tying It All Together In terms of
gaming, as the industry goes further into the
online space and given the nature of modern
fraud, there certainly is the risk. Any gaming
merchant needs to be careful in terms of
monitoring whether a card is stolen or not and
protecting the data they obtain. Many states
also have strict laws governing the security of
personal information. While those laws are
generally not part of gaming control acts,
gaming licensees are nevertheless subject to the
acts provisions. The need to protect customer
data is more important now than ever before as
the casino industry rapidly evolves. There isnt
a typical guest anymore, especially in a
brick-and-mortar establishment some are there
for dining, some for concerts or shows, some for
shopping, while a smaller percentage visit
solely for gaming there for security features in
your online gaming merchant account are an
important concern. Whats needed when applying
for a casino and online gaming merchant account?
Online gaming merchant account and payment
gateway from iPayTotal
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Online gaming merchant account and payment
gateway from iPayTotal
To obtain a casino and online gaming merchant
account through us, a business needs to fill out
IPayTotals online application. In addition to
the application and a secure, operational
website, merchants also must have the following
items handy to provide to processors and
underwriters A valid, government-issued ID, such
as a drivers license A bank letter or a
pre-printed voided check 3 months of the most
recent bank statements 3 months of the most
recent processing statements, if applicable A SSN
(Social Security Number) or EIN (Employer
Identification Number) Chargeback ratios must be
under 2 IPayTotal cant guarantee any online
gaming merchant account approvals, but it does
promise a simple, streamlined application
process. Merchant accounts are approved within
24 to 48 hours. When casino and online gaming
businesses apply for merchant accounts,
processors and underwriters want to see that they
are running legitimate, reputable
businesses. During their online gaming merchant
account setup review, underwriters look at many
factors to ensure credit card processors are not
taking on any unnecessary risk. Merchants that
are considered high risk means processors are
taking on a greater potential financial
burden. Factors that determine a business risk
in an online gaming merchant account bank
include
Online gaming merchant account and payment
gateway from iPayTotal
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Online gaming merchant account and payment
gateway from iPayTotal
A history of high chargeback (credit card
transaction disputes) ratios Bank
statements Credit card processing history Credit
scores Negative bank account balances Unpaid
bills and late payments The best way to prepare
for the review for an online gaming merchant
account is to have a principal in the business
with a good credit history apply for the
account, pay any outstanding debts, and have some
money in the bank. Before the review is the time
businesses need to take care of anything that
looks questionable. Taking these steps likely
will increase a business chances of getting a
casino and online gaming merchant account/ high
risk merchant account approved with fewer
restrictions, such as caps on higher processing
volume or a lowering rolling reserve. How
iPayTotal helps Online Gaming merchants Though
all signs show that online gaming and casinos are
lucrative businesses, many traditional credit
card processors and financial institutions wont
take a gamble on them. The industrys background
and history, high chargeback ratios, and
potential legal issues due to ambiguous laws keep
banks away from these merchants.
Online gaming merchant account and payment
gateway from iPayTotal
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Online gaming merchant account and payment
gateway from iPayTotal
To process credit card payments e"ectively and e
ciently, businesses need to turn to IPayTotal to
obtain a casino and online gaming merchant
account. Specializing in providing high-risk
merchant accounts / alternative payment
methodsfor social gaming, MMO, and online
casinos, IPayTotal o"ers customized payment
processing solutions and an online gaming
merchant account for all types and sizes of
companies. Online Gambling Merchant Account
Fees Our online gambling merchant account fees
are industry-competitive and a"ordable, and the
application process is free iPayTotal does not
charge a merchant any fees until they begin
processing transactions. Once you have been
pre-approved, our underwriting department will
match your business with the acquiring banking
partner we feel is the best fit for your needs.
The bank will then process your application and
determine your merchant account fees. Your fees
are contingent on several factors, such as the
merchants processing history, type of industry
(high or low risk) and/or projected sales
volume. Each online gambling merchant account is
di"erent, but typical fees include
Online gaming merchant account and payment
gateway from iPayTotal
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Online gaming merchant account and payment
gateway from iPayTotal
Merchant Account Fee Transaction Fee Discount
Rate Merchant Account Registration Fee Monthly
Statement Fee Chargeback Fee Refund Fee Rolling
Reserve We at iPayTotal do our best to open each
business relationship with a 10- minute
conversation to find out the key elements of
business before going forward. Immediately, we
establish a connection with prospective merchant
partners and decide then and there whether or not
were able to find high- risk merchant services
solutions for them.
Online gaming merchant account and payment
gateway from iPayTotal