Online Gaming Merchant Accounts In Improving Security And Trust Among Players

Like other high-risk industries, online gaming is also prone to many security and financial fraud issues. The players feel insecure for many reasons, but with the presence of well-equipped high-risk merchant accounts, it is simpler now to provide better safety to the players. As a result, trust and customer loyalty improve and, in turn, brings more profit for a gaming merchant. Here, in this blog, are some innovative ways that gaming merchants try along with their merchant account providers. The ultimate aim is to make gaming players feel secure while they play.

Reassure Your Customers Before Purchase

Gaming merchant account providers take customers’ security quite seriously. They approve only those merchants who can reassure about a safer payment experience. Research reports show that safety assurance before purchasing a service or product impresses prospective customers. They tend to complete a purchase if they get a surety of security.

The digital authentication logos help a lot to create a positive image of a gaming platform. Mentioning things like ‘Mastercard Secure,’ ‘Verified by Visa,’ etc., helps a lot in clearing the doubts of the players about safer transactions. The security indicators for a gaming merchant are:

Digital authentical logos.
Industry regulators and associations logos.
Digital security logos.
Third-party consumer protection.

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Percentage of people in different countries tend to purchase due to a digital authentication logo

Australia – 65%
Brazil – 73%
USA – 60%
Argentina – 68%
Germany – 43%
Mexico – 73%
Columbia – 66%
Japan – 49%
UK – 47%
Spain – 74%

Commit To Providing Comfort And Support While Creating An Account

Making an account by a customer is the first step, and the online gaming merchant account holders should try to give the best experience on this part. According to a survey, 88% of people prefer to make an account when purchasing video content. If they see that the gaming platform gives round-the-clock support to the players, they happily create an account.

Another comfort you can give your customers as a merchant is the option to save credit card details. 43% of gamers are most likely to make the account if they can save payment details in the account. Similarly, 40% of respondents tend to create an account if their details get updated automatically when their card is about to expire.

User Authentication Makes People Think You Are Dedicated To Customer Security

Customers always take the merchants seriously who make serious efforts in the authentication process. However, it extends the log-in time for a player, but because the customers know it can save them from a financial threat, they are happy to authenticate themselves.

Fingerprint scanning and biometric option are the two prime ways of authentication, and the players are happy to do both. According to their preference, they choose the option. Mostly gambling merchant account holders offer the choice to the customers to authenticate in the desired manner. 87% of players are ready to establish their identity in both ways.

Here is the percentage of people according to the age group for the preference of varied biometric authentication.

Voice recognition – 4% (Age – 18-34 yrs) , 5% (Age- 35-54 yrs) , 11% (Age – 55+ yrs)
Face ID – 19% (Age – 18-34yrs), 16% (Age 35-54yrs) , 12% (Age 55+)
Fingerprint – 65% (Age – 18-34yrs), 65% (Age – 35-54 yrs), 49% (Age – 55+)

Send Timely Payment Confirmation When Your Customers Make a Payment

Any consumer wants to get immediate confirmation or notification after making a payment. The reassurance after payment can be sent in different ways such as through e-mail, text, on-screen notification, etc. The point is some assurance of received payment is vital to keep the customers building trust on your gaming platform.

Percentage of People In Different Countries For Payment Confirmation –

Email – Brazil 89%, UK 85%, Germany 83%, Spain 73%, Colombia 68%
On-Screen Confirmation – Mexico 53%, Spain 57%, UK 87%, Columbia 47%
Text – UK 52%, China 69%, Mexico 23%, Argentia 15%, Brazil 17%
Push Notifications – Japan 24%, U.S 45%, Australia 13%, UK 11%, Germany 12%

The more transparent you are, the more your customers will trust you. Customers today are pretty intelligent and aware of their rights. A business can never afford to take its customers for granted. However, the merchants today are quite honest because they want to retain the consumers for a long time, in fact, for their whole life. It is because, beyond short-term benefits, they look to achieve their player’s loyalty.

Conclusion

The strong team of gaming merchants, merchant account providers, and the gaming payment gateway create a secure network for the players. Gaming content users can consume the services without fear of losing their financial data or identity through identity theft. People can play on gaming platforms stress-free thanks to the new technology and its amalgamation with the gaming industry. Innovative security and payment processing tools have made things simpler for merchants and customers. No need to mention that it all happens due to the supportive presence of the gaming merchant account providers. Don’t you agree?

How Do High-Risk Merchant Accounts Surround Businesses With a Flourishing Atmosphere?

A high-risk merchant account is a one-stop solution for merchants in many aspects, and it is the first and foremost platform for survival. All high-risk industries need merchant accounts to operate business smoothly. IPTV merchants, online casinos, iGaming, Forex traders, and eCommerce websites all need a place to get paid for a high-risk business. The constant contradiction with legal formalities makes it more important for the merchants to depend on this business account. All merchants, whether they have a merchant account or are looking for one, have doubts about it. Some light on the varied aspects of this commercial account can help many out there to find the right deal and grow the business properly.

What Risk Factors Make a Business Depend On a High-Risk Merchant Account?

Several factors have their role in making a business high-risk. In different companies, you can find varied risk factors. Following are those factors that make a business take a high-risk merchant account.

Long delivery time is a considerable factor in a business that can make it high risk. If the duration between the order of a product and its delivery is too long, it makes a business risky. During this duration, anything may go wrong. The product may get destroyed or deformed, and the buyer may change their mind and can cancel the order in the middle of its delivery.

A disgraceful history of chargebacks is also a potential factor to tag a commercial entity as risky. Usually, e-commerce and adult entertainment merchants are pretty prone to chargebacks. Customers demand money back due to dissatisfaction with the product in terms of quality, color, quantity, etc. A higher number of chargebacks may make a merchant account provider close the account of a business. Also, such merchants may find it challenging to get a high-risk merchant account with instant approval.

Industry reputation is also a significant factor that puts a business under several potential threats. Can you ever find a person discussing adult products with their kids or family members in an amusement park? It is absolutely impossible because the adult entertainment industry and its services are not the subjects people discuss socially. Such businesses are always under the notice of legal institutions, and one small mistake may close them down, which is a considerable risk for the acquiring banks.

Frequent refunds spoil the goodwill of a business and show that a merchant is not doing good in business. It makes an acquirer and international high-risk payment gateway think that maybe the company is following a wrong practice, which is why it has to refund the customers’ money in a recurring manner.

High volume transactions leave commercial entities under threats created due to hackers. Some businesses process millions and billions daily, and hackers want to steal the identity to make fake transactions. As we all know, the daily high-volume transaction is a significant identity of high-risk merchants.

Automated billing, usually considered a good thing for a business to receive timely payments, can sometimes prove a threat. The customer may forget that he has signed up for a product or service and may ask for a chargeback. It happens with many businesses, and the winner is always the customer because when he raises a chargeback demand, the credit card company always favors the cardholder.

Major Credit Card Frauds And Their Prevention Tactics Available For Merchant Account Holders

We all know that high-risk merchant accounts are always prone to credit card fraud issues, and merchants are afraid of fraudsters. However, thankfully, today, we have intelligent tactics that can handle the threats and ensure safer business operations for a business. Let us first discuss the common credit card threats.

Credit Card Frauds –

Merchant account holders sometimes face several credit card fraud issues that may affect their business goodwill and stability.

Phishing is a common way to commit credit card threats using malware or computer viruses. It has been in existence since the 1980s, and today it is used to steal bank account numbers and passwords.

Fraudulent websites are also a cause of worry for high-risk merchant account holders. A fraud website looks similar to the original website; however, it usually does not have the company’s postal address. Even if the address is mentioned, the users should first confirm it.

Vacation fraud can sound rare, but it is widespread. When people visit a hotel during vacations, messages asking for their credit card details from the hotel’s front desk can be fake. The customers who gamble at casinos may receive notifications about the new online casino game offers. The merchant account and

Fraud through pre-populated details is another complication the merchants may face as high-risk merchant account holders. Many users save their information on the website to pay quickly next time while making a purchase conveniently. They use the feature of autofill, which is quite helpful but only if a business has robust security measures.

Tactics to Prevent Credit Card Fraud –

Anti-credit card fraud tactics always help merchants run their business smoothly without fear of fraudsters and survive with confidence in the market. This confidence comes with the safety shield of high-risk merchant accounts.

3D secure transactions create a safety shield around the daily transactions. According to the regulations of PCI-DSS, high-risk merchants have to be compliant with the PCI-DSS level.

Verification of orders with incomplete details is another way to ensure whether an order is authentic or not. Vague name, absence of a name, and phone number are some of the factors that indicate that a credit card transaction is doubtful.

Keep track of the patterns used in fraudulent orders, as it helps spot any suspicious orders in the future. Sometimes a particular person or group submits orders repeatedly. The timely reports generated by your payment gateway about transactions can quickly reveal such transactions.

If customers pay through the mobile application, scan and scrutinize biometric data or selfie pictures. These details are always available when the user sets up an account. Such information is essential and can be used to track fraud people.

The above tactics apply to all account holders. Whether you have a high-risk merchant account in the UK, the United States, or anywhere in Europe. Another important tactic is that a merchant should keep an eye on the latest scams to know how the trick minds out there are working. Accordingly, new ways of prevention can be invested.

List of High-Risk Industries

Some industries are prone to risks and always stay in the category of high-risk industries. Let us have a look at them –

IPTV
Forex Trading
E-commerce
Pharmacy
Adult dating
iGaming
Online gambling
Financial services
Telemarketing etc.

It is essential to mention that varied countries may have various lists of high-risk industries. If you are a merchant and need a high-risk merchant account, your acquirer or payment gateway will always help you make the right choice.

Conclusion

High-risk merchant accounts are the saviors as well as supporters of high-risk businesses. They handle multiple threats for the merchants and give them a predictable atmosphere to flourish. The most important thing for a business is to receive timely and convenient payments from customers. Without a merchant account, it is not possible. In fact, without it, the network of payment gateway, merchant, Credit Card Processors, and merchant accounts can never be complete. It is not an exaggeration to say that the high-risk merchant account is the last and the most essential destination for payment processing.

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Online Gaming Merchant Account Help Prevent Various Credit Card Fraud

How Does An Online Gaming Merchant Account Help Prevent Various Credit Card Frauds?

Online gaming is tagged as high-risk for some precise reasons. Daily transactions in millions and billions of dollars easily attract fraudsters. They try to get credit card details to commit financial fraud, which takes a high cost on the gaming players and the merchant. A gaming platform that cannot provide security to its customers closes soon after getting notorious. But the good thing is that online gaming merchant accounts save merchants from credit card fraud and give them a friendly atmosphere to grow. Below you will read about the ways through which fraudsters try to get credit card details and how a merchant account holder can prevent it.

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What is Credit Card Fraud?

A financial crime is when a fraudster uses a payment card (credit or debit card) to purchase a product or service. The credit card belongs to another person, and the fraudster steals the credit card details and uses them to make transactions for his criminal purposes.

How Do Fraudsters Perform Credit Card Fraud?

Hackers mainly commit financial crimes through credit card details, and they use several ways to get the details from an online gaming merchant account. Illegal practices become the prime tools to commit credit card fraud. Business owners must keep an eye on the popular ways of credit card fraud. It will help them work on innovative ways of protection.

Phishing

Phishing is an old but still widespread way to steal payment card details. It is among the oldest types of fraud in existence since the 1990s. Scammers use computer viruses or malware to get credit card details. Phishing emails usually come from a renowned bank that no one can doubt, and they typically ask for personal and banking details. They may also have links where they ask the targeted victim to enter his data, which is later used by the criminal to make a transaction.

Data breach

A data breach involves stealing confidential or protected data from an unauthorized person. The data is copied or transmitted to another illegal place, such as a website, to sell the data. Other terms for this type of fraud are data leak, unintentional information disclosure, information leakage, and data spill. A 6-year-old cyber-attack in the UK called TalkTalk cyberattack is proof. The data breach incident sold customer details for £1 each in this scam. A high-risk merchant account is among the favorite targets of fraudsters for a data breach. Gaming players invest a massive amount of money; thus, gaming platforms are a promising option to steal a lot of money through credit cards.

Honeypot

A honeypot scam is stealing credit card details when someone uses an unsecured Wi-Fi hotspot. It usually happens when people use the network of any public place such as a restaurant or a motel while traveling or any public place. Through unsecured Wi-Fi, the hackers make access to the camera, microphone, and other mobile apps. Of a person. The criminals hope to get credit card details if the mobile user makes a transaction.

The above ways are common across the world, and no need to mention that hackers use similar methods to steal details from a gaming payment gateway. Now, it is time to know how the merchant account helps prevent stealing credit card details.

How Does a Gaming Merchant Account Prevent Credit Card Fraud?

Merchants need strong support to keep their customers away from credit card fraud issues. They have many expectations from their gaming merchant accounts. The acquiring banks that provide merchant accounts to gaming merchants have all the arrangements to ensure the businesses’ and customers’ safety.

PCI-DSS compliance, Payment Card Industry Data Security Standard of gaming merchant accounts keeps credit card details safe. It is a regulatory condition that every acquirer has to fulfill. All high-risk account-providing banks must first ensure they implement the safety measures required to process credit card transactions. The 3D verification technology also works great.

Automated suspicious customer account detection technology installed in a merchant account sends an alert to the merchant on doubtful e-mail addresses. For example – hjfskbfks@gmail.com looks like an unauthentic e-mail identity. The automated system stops the transaction before completion that is done through a customer account with such an e-mail address.

Timely reports on patterns frequently used in fraudulent orders help merchants spot fake orders and accounts. Sometimes some groups give repeated orders with the same theme. The timely analytical reports about doubtful transactions keep the merchants on alert. This tactic helps a business create a stronger fraud protection strategy.

Encryption and tokenization technologies ensure a safe transfer of credit card details in the form of codes that cannot be decoded. Only authorized key holders store the information. In both technologies, the responsibilities are segregated among different people. The one who makes security keys cannot access the data, which works in a vice-versa manner. The credit card details are only in the access of the concerned acquiring bank and the payment gateway. It means that even in an organization, the customers’ information is not accessible.

Conclusion

The significance of gaming merchant accounts is timeless as a strong shield for the merchants against the tiniest and the most hazardous financial fraud. It fills the merchants with confidence that they can operate in a risky market and earn a lot of profit. The gaming industry has grown significantly with the technology that keeps it safe from tricky people. Whether it is about a friendly fraud or a data breach incident, a merchant account is always ready to help a business run smoothly. It is only due to the intelligent FinTech solutions that, despite uncertainty in the international market nowadays, high-risk gaming businesses are growing. Are you looking for safety against credit card fraud in your gaming business? It is time to shortlist the smarter options. Eskaypay online gaming merchant account solutions are well-known for proficient high-risk account services.

Best Payment Gateway For International Business With These Five Secrets

International businesses must be cautious about their commercial activities’ nooks and crannies. The payment gateway is one of the essential elements for a globally run business. After all, a commercial entity needs money to operate by selling products to customers. A payment gateway is a powerful platform to receive money in exchange for the value it offers users in the form of a product or a service. It means it is essential for an international business to choose only the best payment gateway.

However, besides the general points to consider while doing so, there are some hidden facts that merchants usually overlook due to ignorance. If you are a merchant, this blog aims to bring you unrevealed ways to choose the best payment gateway for international business.

Study For Mobile Payment Apps. As a Popular Way To Pay

Mobile payments are more friendly for customers nowadays. They can buy anything in this world while traveling, gymming, gossiping, etc. Today the mobile payment industry has changed a lot due to the presence of brand-based mobile payment apps. For example – Starbucks’ mobile payment app has above 23 million plus users. It is more than the many popular mobile payment apps. This number is more than the users of popular gateways Google Pay, Apple Pay, and Samsung Pay.

In this case, choosing the most vigorous counterpart for your business is crucial if you are also a coffeehouse brand. You need an international payment gateway that is popular, established, and expanding in the market. Maybe in the future, you will launch your payment gateway by that time, and an international payment gateway should get you paid through a wider reach. Mobile payments are handier and thus convenient; it is better if you search for a payment gateway enhancing its system every year in this area.

Does Payment Gateway Integration Suit Your Existing Technology?

Your payment strategy may fail if you ignore this aspect. Merchants should always know how to search for a payment gateway with an API system suitable to their existing technology. The API integration is successful only when the payment gateway can successfully communicate with the merchant’s website or mobile app. technology.

The question is, how does a payment gateway API integration happen with technology? The answer is that an application transfers a message to the API during a transaction. That message gets forwarded to the payment processing network. A response is then sent to the API through the network. Finally, the response is relayed to the application. Now you can understand how important it is to choose a payment gateway for international businesses with similar technology. Take the advice of an expert because making a wrong selection can complicate the payment experience for your customers. When customers are not happy, nothing can grow commercially in your business.

Confirm If the Payment Gateway Serves the PCI-DSS Level Your Business Has

As you know, the PCI-DSS is an integrated standard for safer credit card processing, but it has four different levels according to annual transaction value. Every payment gateway today is PCI-DSS compliant. But that is not sufficient because you also need to know whether it provides service to the PCI level certificate given to your business. For example – Businesses with PCI-DSS level 4 are those commercial entities with 6 million or above transactions annually. The rules and regulations for such businesses are pretty stringent. Thus, the payment gateway you choose should have experience serving businesses with similar PCI-level certificates.

You can understand now that no factor is small when you look for an international online payment gateway. The slightest mistake can make you regret it because once you enter into a contract with a payment solution provider, it can push you into a fix. No matter how small the agreement is, even if it is as long as only one month, your customers will not wait. They may switch to another merchant for the same product after a bad payment experience with your company.

Compare Fee Structure

Of course, money is the real player in the world of commerce. Before you choose an international payment gateway, do not forget to compare the fee structure. High-risk businesses have higher fees than low- or medium-risk companies. Try to get a deal with the most nominal fees. It may sound like a big task, but it is not because you know better about your business. Explain all the points that justify why your business should get the payment gateway service at a lower price.

Usually, businesses that can manage their chargebacks efficiently need to pay lower charges. The payment gateway that manages high-risk transactions has to make fewer efforts to prevent such issues. Also, it is essential to have a good and stable financial situation with an impressive bank statement and a brighter future. However, some payment gateways serve bad credit businesses without discrimination. For example – the Eskaypay payment gateway for international business is known for providing its troubleshooting payment solutions. It not only processes payments safely but also suggests ways to reduce chargebacks. Its chargeback management and fraud detection strategy are irreplaceable in efficiency.

Conclusion

Finding the right payment gateway for your international business is neither a child’s play nor rocket science. It is a matter of careful selection that comes with experience and expertise in your business and related industry. If you pay attention to some essential but important factors mentioned above, you can find many payment gateways that can effectively process your customer’s payments. Essential is to do proper research, even if it takes time because the hard work has long-term worth. Especially for high-risk businesses, it is even more crucial to look for the most suitable option. However, today, it is not a difficult task because the payment industry is full of promising possibilities. Try to find them with an experience in the relatable industry. If you are a Forex trading business owner, look for a payment gateway with existing clients in the same sector.

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How Does a Casino Merchant Account Help Merchants Improve The Payment Acceptance Rate?

A merchant with a higher payment acceptance rate quickly gets more customers, and this rule is applicable in the case of casino merchants as well. High-risk businesses run on many factors, and higher acceptance rates of customer payment are essential to the business’s success. A casino merchant account that solves many other purposes related to smoother payments also helps improve the success rate of payments. In several ways, this commercial account helps the business owners accept payments from the players quickly and easily.

Easily Understand Payment Habits Of Your Casino Players

Merchant accounts have all the related transaction data that happened in a month. However, the payment gateways too provide the information. But the amount that travels through a casino payment gateway and the one that actually reaches the merchant can be different. That is why the data provided by your acquiring bank (the merchant account bank) is critical.

The casino owners can understand which payment option they choose most: a credit card, crypto payment, or something else. Also, it is possible to know how the payment experience of your casino players is affecting their payment choice. You can scrutinize whether it encourages or discourages a particular method.

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Promote Payment Methods Preferred By Customers

Once you understand what payment methods your customers prefer, you can easily promote them. When you are clear about the casino players’ choice, you can make a promotion strategy. Some merchants promote special offers for existing and new players on a particular payment method. For example, a discount offer on credit card payments to new casino players is a special gift on crypto payments to existing customers. The information received from your merchant account statements is always helpful in promoting the most desirable payment platform.

A lot can be done in the name of improvement by promoting preferred payment methods. Also, it helps a lot in getting closer to the minds of your customers. A business that can get an insight into the minds of its users always gets successful; in fact, it can earn a lot of money with this simple secret. Consumers tell a lot through their payment behavior; you can plan your future business promotion plans accordingly. It may even help launch a new service or reward scheme for casino users.

Simply Compare Payment Data With Benchmark Acceptance Rate Through Acquirer’s Existing Industry Data

Every acquiring bank has existing clients from your industry. As a casino merchant account, you are not the only customer of your merchant account provider. The online casino merchant account providers have many clients and essential customer data. Using that data, a casino merchant can get to know about the benchmark acceptance rates. A merchant can compare this data from his payment acceptance rates.

The benchmark is different according to the geographical differences. A casino owner can study the data of his target location worldwide. We all know that data is the king today and can give you a realistic insight into customer behavior and market conditions. According to the benchmark acceptance rates, business owners can plan to improve their payment strategy. The effect of market trends and other social and political factors is always visible on these landmark payment acceptance rates. It is very convenient to understand how things have changed in the world of casinos. How and when the players tailored their payment choices.

Efficient Chargeback Management And Higher Payment Acceptance Happen Together

An efficient merchant account solution is the first step toward solid chargeback management. Reduced chargeback issues are essential for high payment acceptance. Can a casino business survive for a long time with a higher rate of chargeback? No, that is not possible. Even if it has a reasonable acceptance rate, with more refund incidents, the business invites many threats. First, it loses its goodwill and then the customers, and then the financial loss happens. The final truth is that you, as a casino merchant, cannot keep going with a high acceptance rate if a chargeback is high.

Don’t we know how strong is the network of the merchant account providers? Fraud detection tools, 3D secured transactions, timely updates of software, and so many other things support merchants. Customers always love the casinos with a lower rate of chargebacks; they find such gambling platforms safer. However, we cannot deny that the gaming payment providers or payment gateways also have an essential role. Without their support, a merchant account cannot ensure completely secured transactions.

Conclusion

The payment acceptance rate has always been a concern for casino merchants. But with the right type of merchant account solution, merchants can easily accept payments. The safety tools that the acquiring banks and payment gateways use give strength and confidence to the casino business. When payment processing happens smoothly, the payment acceptance rates naturally go higher. Futuristic technology of acquirers and payment solution providers offers a predictable atmosphere to do business. The world knows how thoroughly high-risk businesses need certainty in their circumstances. If you are a casino merchant looking to work on your payment acceptance rate, help is available right here. EskayPay casino merchant solutions and payment gateway services offer your support in payment processing. Get a permanent solution to your temporary but recurring payment processing issues.

How Does An Offshore Payment Gateway Drive Value To The Merchants?

Offshore payment gateways are vital for international business. The ambitious business owners are insecure due to the demanding international market. They have so many expectations from their payment gateways. They depend on them for the most important thing of their business: payment processing. Proficient payment gateway services are vital to keeping a hold on the customers, getting new customers, and expanding business in a new place. The good thing is that payment gateway too are one step ahead in providing satisfying the needs of the merchants.

Through advanced ways, every offshore payment gateway provides the best possible services to businesses from varied industries. Whether it is a low-risk, medium-risk, or high-risk business, processing has developed with the help of new technology. It will be interesting to know varied factors that drive growth in industries through payment gateways.

Customer vault for recurring payments by global customers

The customer vault offered by offshore payment gateways provides the facility to store the customer’s payment data. The data is stored safely in PCI compliant environment. The customer does not need to enter his payment details repeatedly while making a payment every time. The merchant can also secure the data to scrutinize customer behavior and make essential decisions for the business. This feature is specifically helpful for the merchants with a high-risk offshore merchant account for safer high-risk credit card processing. Risky companies are always prone to safety threats, but not with PCI-compliant customer vault facilities. The majority of the payment gateway technologies are destined to take care of the safety of customer data and smoother money transfers. Customer vault simplifies things for the merchants and helps them give their customers a good experience.

Electronic invoicing for efficient offshore processing

Due to the multiple benefits of electronic invoicing, a global payment gateway provides it as a primary facility with its payment processing services. Better account reconciliation, faster payment cash flow, reduced costs, increased productivity, customer satisfaction, fewer disputes, rejected invoices, etc. Online businesses cannot survive today without e-invoice services. It not only saves time but also saves the environment. This era is all about the transformation of traditional economies into digitized economies. Electronic invoicing is a vital feature that all payment gateway companies keep and offer to the merchants. EskaypayOffshore payment processingservices keep its merchants updated with the latest payment processing technology.

iProcess Mobile Payments Give a Speed To Payments

All industries know the importance of iProcess mobile payments in earning profit. They facilitate many other things that merchants need for daily smooth operations. It makes mobile and tablet device payments convenient and smooth. Through mobile applications made for Android and Apple, the customer can make payments. It has many other benefits. You can easily capture digital signatures; payment receipts can be emailed, full or partial refunds can be performed, etc. We all know that mobile payments are the smartest and the fastest way to get paid. International customers want convenience, and mobile payments offer that comfort. The businesses like global online casinos, e-commerce, and forex trading find mobile payments significant. These are high-risk industries and want to keep the payments handy for the customers to grow and expand the business financially.

P2P Encryption reduces offshore payment complexities

The international payment gateway companies have to be committed to transaction safety concerns of the businesses. Every merchant commits transparency to its customers. Encryption provides both and makes business operations smooth. The P2P, point-to-point Encryption in the payment gateway systems ensures data safety. There is no more fear of data infringement and identity theft. The security compliance cost reduces, as also the cardholder data fraud. Also, it reduces software development costs, which saves money for the merchant. Encrypted data becomes useless for the fraudsters, as then they cannot make easy access. No merchant can ever think of compromising the safety of data it receives when customers make payments. Today when social media platforms encrypt messages, how can a payment gateway miss it while handling crucial customer data.

Fraud prevention with no compromise

Every stage in the payment system is safe due to fraud prevention tools enhanced by artificial intelligence. The PCI-DSS shield and automatic level III processing always help the money travel safely in the network. For faster processing, the fraud prevention technology keeps updating because the tricky minds out there keep inventing ways to intrude. When cryptocurrency payments are also allowed by some credit card companies, payment gateways need to work on the latest technology. Developing the payment system according to the changing payment priorities of customers is the need of the hour. The good thing is that the payment industry is already working impressively on that part.

Automatic card updater

Every merchant who wants to avoid service interruption can never say NO to an automatic card updater. If you run a business with serious concerns about credit card payments, an automatic card updater can provide you with a friction-less customer experience. This situation, in turn, improves customer retention because buyers always seek for hassle-free payment experience. You can immediately reduce the incidents of interrupted bill payments. Maintain customer card information accurately and enhance operational efficiency. These small factors positively impact the business growth and give a speed to daily transactions. The result is increased sales and increased profit margins. Isn’t it a big benefit of a card updater? Of course, it is. Many merchants are annoyed with service disruptions due to inefficient data management. But the card account updater is the solution to every problem.

Conclusion

Now you can understand how payment gateways in serve merchants with the latest payment technologies. Businesses grow faster when they can get paid for their products conveniently. After all, this is why a commercial entity exists, and the current era is all about improved technology and customer experience. Whether a start-up owner or the business owner of an established brand, all need proficient payment gateway services. It is not an exaggeration to say that the payment industry has a significant role in inspiring business growth. With a bumpy growth rate in the past three years, multinational businesses desperately need progress. Businesses in a country can bring that progress with a predictable, affordable, and secure payment solution offered by an offshore payment gateway.

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What Innovations Do Global Merchant Account Providers Experience Today In e-Commerce?

Despite its tag of high-risk industry, the E-commerce business is flourishing unprecedentedly. The innovations happen every day, and as the customer is the king here too, they are all destined to provide comfort to the buyers. Accordingly, the e-commerce global merchant account providers have to prepare their payment network because both the merchant and merchant account providers need business. Technology is volatile but progressive, and it keeps changing. When it comes to e-commerce, it exists online, and it depends totally on technology. Artificial intelligence and automation are two driving factors that inspire all innovations.

Here are some game-changing innovative changes that have kept merchant account providers updated on the latest trend in the e-commerce sector.

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Smoother Checkout Experience

Today, the e-commerce merchant account service providers and payment gateways work collectively for smoother checkout in payment. Today, customers are informed and want only the best and fastest shopping experience. As a result, the merchants look for a perfect duo of an international merchant account provider and a global payment gateway provider to make it happen.

The one-page checkout process in online retail has become a timeless trend. Strong encryption and fraud prevention tools have made merchants confident. A whole infrastructure provided by the merchant solution and payment solution company keeps the payments smooth and fast. Online stores can never flourish if the customers’ payment experience is not good.

Omnichannel Payments Help Merchant Account Providers Serve Better

The omnichannel payment system merges all the payment methods of a merchant and shows interaction history with a customer. All records are readily available whether a customer has purchased a product or wants to return it to the merchant. The acquiring bank (merchant account provider) and the payment gateway prepare customized payment solutions accordingly. The e-commerce sector has many possibilities merchants can explore only through smooth payment services.

When customers are happy, they shop more, and the incidents of cart abandonment reduce. With the help of acquiring banks, a merchant works on revenue-driven solutions through Omni channel solutions. The role of a bridge for safer money travel is done by the international payment gateway that gives 24×7 technical support.

Virtual Terminal Supported By Merchant Accounts Inspires Business Growth

A web-based payment application lets a merchant accept debit or credit card payments without any conventional credit card terminal. With virtual processing, the merchants get additional benefits of free shopping cart integration and the option of recurring billing. Businesses exploit all the benefits of virtual terminals. To get this payment mode, a merchant needs an efficient merchant account and a payment processor. A virtual terminal is the best if any company wants global payments integrated without dependence on traditional credit card terminals.

For sure, safety is always an essential part of virtual terminal payment methods. The duo of merchant account and payment solutions can satisfyingly provide safety measures according to industry standards. The already implemented PCI-DSS standards help businesses stay stress-free about safety concerns.

Recurring Payments Prove Profitable For Merchants

Recurring payments help businesses in many ways, and a merchant account is a vital element in getting repeated payments from a customer. It has inspired many profitable trends in the e-commerce industry, affecting consumer behavior in the merchant’s favor. It is the reason that e-commerce chases recurring payment systems. It is vital for these businesses because shoppers keep coming to buy their favorite things.

The recurring method helps businesses in three different ways. First, merchants can grow business with subscriptions, predictable cash flow, simple payments that improve customer loyalty, and much more. However, not all merchants embrace it because, in recurring revenues, they enter bill details manually. But still, it is a progressive way to get paid. It is also beneficial for the customers in many ways. Send automated receipts via mail or text, and easily update payment methods.

Gift Card – The Loyalty Strategy Of Merchants Is Not Unfamiliar To Acquirers

Business owners have many benefits from gift cards and loyalty programs. It is mutually beneficial for the customers and merchants. Gift cards build brand awareness; they help collect more holiday sales, and consumers can easily use digital wallets and improve customer engagement. Now, you can see that at the point where it is connecting to digital wallets or any payment mode, merchant accounts become vital. Gift cards are trendy, especially during the festive season, and e-commerce deals are full of gift cards or customer loyalty programs. In the zeal of festivals, buyers also respond to such offers. Satisfying as well as amazing deals immediately attract the attention of the buyers.

A business owner can collect valuable customer data that the merchants can use to create more sales. Whether it is about promotion or research to judge consumer behavior, this data is precious. Gift cards improve cash flow because they help generate immediate income. Selling gift cards is a smart strategy to make merchants earn faster and cause excitement in customers. Merchant account providers know merchants’ priorities and provide payment solutions accordingly. Industry can be identical, but every merchant may have varied payment methods, and acquiring banks must create a payment infrastructure accordingly.

Conclusion

Global merchant account providers are most important for a merchant, especially high-risk business owners. Without them, a business cannot get paid by its customers and thus cannot survive. But at the same time, these merchant account providers must keep updating their technology and payment systems. They must also act according to consumer behavior in the international and local markets. Businesses want to make a reach in both fields. They must be the next-door neighbor in the local market for the customers. Also, the merchants wish to be present for the international and existing and new customers. To make easy payments happen, the global merchant account is vital.

4 iGaming Payment Requirements That Payment Gateway Providers In The Uk Facilitate

iGaming is a progressive industry, and it has an enormous potential to earn, as the industry works under the tag of high-risk business. But that cannot stop the companies in this field from exploring the evolving opportunities. The payment processing is complicated because there are bulk transactions, and also the customers are from many different parts of the world. In such a situation, the role of a payment gateway becomes more critical. The iGaming merchants have many concerns and priorities for daily transactions because they want to ensure that their customer’s money should travel safely.

A customer making a payment to an iGaming merchant or the merchant making a refund to the customer should happen under a security shield. Besides safety, many concerns exist, such as transaction speed, etc. Thanks to the intelligent payment solutions that any payment gateway provider in the UK can provide to the merchants of this industry.

Have a look and learn how the payment solution companies are helping the business owners in the iGaming industry.

1. One-click payment is the first demand for every payment gateway in the UK

Today, iGaming merchants provide a simple checkout process to their gaming players. While playing, if the player goes out of funds, he can immediately add more money through a one-click payment. The facility helps the businesses retain the customers for a long time.

Such a payment method saves players time because they do not need to enter their card details every time they make a payment. When they make their first payment, they can save the card details on the merchant’s website—after that, making a payment is all about a click.

One-click payments are convenient not only for the players but also for the merchants. The moment a player makes a payment, the merchant gets a notification immediately. It helps him support the players correctly. For example – if anything goes wrong during the transaction, the payment gateway can provide quick support to the merchant.

2. Cross-device compatibility and cross-browser access are vital

Do we need to mention how versatile are the communication ways today? With desktops, laptops, and tablets, we have mobile phones. The world can fit into these devices, and the iGaming industry is not an exception. Most of the online gaming facilities are available in mobile applications, or they are accessible through websites.

The iGaming merchants today make their gaming options multi-device friendly; this is why the payment gateways also need to do the same. The players should be able to pay from any device he is using. Imagine a user playing a game on his mobile. He is suddenly out of funds, but for payment, will he get up and make payment from his desktop? No, that is not possible.

Today, payment gateways are pretty versatile, and they can integrate with any device a merchant is using for his iGaming services. Eskaypay high-risk payment gateway is the absolute choice in this aspect. Irrespective of the device your customers use for gaming purposes, it can integrate with mobile, laptops, tablets, or other popular devices.

3. The safety concern is most important for every online payment gateway in the UK

Yes, of course, the payment gateways know very well that if they fail to secure the daily, bulk transactions of iGaming merchants, they cannot exist. To gain the trust of the merchant clients, it is vital for payment gateway companies to commit and implement every safety measure required for the industry merchants.

The prime parameters on which the payment gateways consider a payment gateway are PCI DSS and GDPR. PCI DSS is the Payment Card Industry Data Security Standard, and GDPR is General Data Protection Regulation. The payment solution companies follow both the rules as essential rules. You should know that the second one, GDPR is among the most potent laws for data protection globally.

Another critical aspect of security is that the customer’s data should be encrypted properly, and it is also the responsibility of payment gateway providers. Anywhere in the world, this job is on the gateway company. The safety concern is always crucial for the merchants, especially for the high-risk merchants.

4. Timely customer care service

Mostly the merchants overlook this point in front of other aspects such as security and one-click payment options. But it is vital to pay attention to the customer care service quality that a payment gateway provides. You should ask every necessary question to confirm whether the payment gateway company is good in its customer service or not.

Always choose a gateway company that assigns a personal manager for your account. He is the person that will take care of everything that happens to your business account with the payment gateway. Any technical issue, any operational issue, any doubt, any suspicious transaction, or anything that causes any concern to you will be solved by this person.

Poor customer care service may leave you with intense regret. Especially any merchant with a long-term contract with a UK Payment Gateway should always look for payment solutions with the best customer support. To know the reality, you should read reviews because they are unbiased and show the other side of the coin. If you are looking for a reasonable payment solution provider, forget not to consider this point as seriously as you think for the other ones.

Conclusion

The only conclusive thought on this aspect is that the iGaming industry is an ever-growing stream of business. Payment gateway companies have to evolve fast with every latest change in the gaming industry and technology because both gaming and technology are interconnected. The age and geographical features of the players matter a lot. A payment gateway has to know the requirements of the iGaming customers because they directly affect the business. However, the good thing is that the payment gateway companies are already doing great in every direction. The world only has to see more promising changes in the payment solutions that are sure to happen with the enhancement in technology. In the future, iGaming payments will be more and more convenient in the coming days.

Some Relatable Information On Merchant Account For An Online Casino And Gambling Industry?

Merchant accounts are vital for high-risk businesses like high-risk online casinos. It is not simple to work with businesses from high-risk industries. It is the reason that getting a merchant account has its own aspects. Also, the merchant account providers need some idol to approve a business it’s first or another merchant account.

Normally, business owners find it very difficult to get their merchant account, especially the start-ups that are always in a fix. Yes, the process can be tricky sometimes because high-risk industries are always in direct notice of the legal institutions. Any slightest known and unknown mistake can turn things upside down. If you have an online casino and the merchant account is still the reason for your anxiety for any reason, here is an insight into its varied aspects.

Merchant accounts for online casinos are in BIG demand

According to research, the online gambling market will flourish in value above 92.9 billion U.S dollars by 2023.

You should accept that the above fact cannot exist without the presence of merchant account providers. To grow to a big number of $92.9 billion, the casinos need to have merchant accounts. The business owners have no other place to receive money from their players and grow this big. It is the reason that every year, the demand for merchant accounts is increasing.

The pandemic chaos of the past few years has a considerable role in the shift of casinos from offline to online. Considering the uncertainties of the future, the casino owners have a clear mind about their casino expansion through online presence. Yes, for offline businesses also, the merchant account is a necessary thing but for the online versions, it is much more important.

What features are required in an online casino merchant account for successful business operations?

A merchant account is provided by an acquiring bank which can be situated offshore. For many reasons, online casinos look for several features in their merchant account. The gambling industry is already getting bigger and it needs support pillars to grow in the right direction. It is the reason that merchants account for online casinos and the gambling industry needs to have all the necessary features.

Merchant accounts should be backed-up with safety tools and artificial intelligence

Today online casinos need multi-layers security due to issues of security breaches. They are also using artificial intelligence to keep their customer’s money secured. They have to manage big data gathered on casino play cards.

The casinos today use AI for predictive analysis, which means these businesses are more armed now. The merchant account providers should have smarter safety and artificial intelligence tools to offer best solutions to the merchants.

The relationship between the merchant account providers and casino merchants is mutual. Both are connected for commercial reasons and to earn big. The online casinos have tools to spot their valuable players who invest big. It is why they need their merchant account providers to give the best services for their casino players.

Transactions and money withdrawal should be super speedy

When players play, they do not want to wait even for a minute. Imagine a player who suddenly realizes that his wallet is empty, he will definitely want to add money to it in a few seconds. In that case, he needs to make a payment and it is the responsibility of an acquirer to make it happen.

Similarly, the casino owners give a lot of profit to the players because in exchange they want to earn a bigger profit. When they get their profit share and want to withdraw money, it takes some time because the merchants want that this duration should not turn into a delay.

Whether it is a player who wants to add money while playing or a merchant who wants to withdraw his profit, timeliness is important. Also, the players always reward money at a desirable time, and for that, transactions need to be speedy. The money goes through a long channel that also includes the payment gateway. With the contribution of the merchant account and payment gateway, the money should reach to the destination at the right time.

Immediate troubleshooting of technical issues during transactions

Yes, it is very important because even a few minutes of delay in transactions can cost a casino to lose some of its previous players. Professionally as well as morally, it is the responsibility of an acquirer to provide due support to the merchants. The around-the-clock support team should always be ready to provide the required support.

Simpler and smoother transactions happen not only through technology but also through timely human support by a dedicated team. Yes, all the acquiring banks do commit to providing 24×7 support but important to implement the commitment. The bulk number of transactions that happen in an online casino is always fragile against chargebacks and financial frauds. For fraud, the safety tools can always help but to prevent chargebacks, you as a merchant need a good team from the side of the acquirer.

If some blockage happens during a transaction, immediate trouble-shooting should happen. Players are not going to keep calm because they have many other options when it comes to online casinos. You need to leave a good impression on the new as well as the established customers of the casino. As a high-risk business owner, you need to find the merchant account acquirer with the best customer care service. EskayPay, a merchant account provider and a payment gateway company can help you here. It has a vast network with multiple options for offshore merchant accounts for online casinos. Connect to it over the call or visit now and find your best merchant account solution.

Conclusion

A merchant account for an online casino is the most important part of the gambling business. With several features, an acquiring bank can make the merchants feel secure. Are you also uncertain about your merchant account requirement or selection or experience? Don’t worry, it is not rocket science and it can be solved in a short time if you know about it correctly. The above information should help you make the right turn.

List of Best Payment Gateway Providers in the UK with detailed features

The United Kingdom has proven an extensive and flourishing nest for big and small businesses. From low risk to medium and high-risk industries have been growing here for centuries. Technology has become more innovative with time, and businesses have become more robust. The trend of taking cash payments from customers is outdated now.

Desperate demand for Good payment service providers in the UK

Payment gateways are the most reliable platforms for merchants to receive money from their customers. With a thorough increase in the safety concern of transactions, the merchants desperately look for payment gateway providers with the best security tools.

The payments happen due to a particular system that is incomplete without payment gateways. Due to this reason, the merchants always look for the best payment gateway for UK merchants in varied industries. Fortunately, the UK enjoys the presence of many good payment service provider companies that provide the best gateway facilities for commercial transactions.

Choose the Best Online Payment Provider in the UK for your business

Below is a collection of the most popular and well-performing payment providers already serving many renowned businesses in the United Kingdom.

Worldpay – Known for its transparency

This is the first name on the list of the best Payment Gateway Provider in the UK. With a versatile profile of multiple merchants from varied industries that this company has served, it can be a reliable choice for you. It processes a significant share of payments happening in the UK currently. You can say it is processing around half of the transactions in the nation.

It has flexible payment solutions for small businesses. Another aspect where Worldpay applies flexibility is its price plans. Besides, it accepts all major cards for payment and commits ultra-secure payments. Security is always a big concern for any business, and this payment gateway fulfills this requirement very quickly. 24×7 customer support, fraud prevention, and speedy transactions are some of the immediate commitments to every merchant.

EskayPay – A payment gateway in the UK with all solutions

If you are looking for an intelligent payment gateway service enhanced with the latest safety tools of artificial intelligence, then EskayPay is the best choice. The company specializes in high-risk payment solutions and is compliant with PCI-DSS parameters. It has a strong presence in the UK market. It provides a simple, user-friendly set-up and robust fraud protection.

This intuitive payment gateway has no hidden fee. It provides customers with quick checkout gateway solutions and has good integrations. The company is a trusted brand and works for merchants with a higher chargeback ratio because its chargeback management strategy is superb and practical. You can indeed consider its name because this payment gateway is known to provide satisfaction. If you as a merchant want to experience speedy transactions with uncompromised security in multiple currencies, then Eskaypay payment gateway solutions are your destination.

Merchants enjoy detailed reporting and multiple payment options with fast processing speed. If you are a business owner, you know how important are these features. Get support for international payments and give your customers the comfort of mobile-friendly payments. Businesses from industries like e-commerce, IPTV, adult entertainment, online gaming, and casinos are specifically interested in working with Eskaypay. Easily allow recurring payments without any harm to your customer data. Most importantly, the payment gateway is known for its success rate.

Amazon Pay – The list of best UK payment gateways has a newcomer

As a new but growing payment gateway, Amazon pay is already known due to the brand name it is associated with. Yes, the Amazon empire has many branches with a particular and noticeable existence in the e-commerce sector. This new initiative of the big brand does not come with any set-up fee or any monthly charge. This payment gateway is like a special appearance with a reasonable transaction fee, especially for small businesses.

It provides eCommerce tools and has a well-performing fraud detection system. Use free plugins to customize the payment solutions for your business. You can efficiently process transactions on your business website. Get a recurring payment facility and let your customers enjoy a convenient payment experience through a more straightforward platform. With this payment gateway, your small business can become grow faster. The gateway company is working progressively to enhance the infrastructure for big companies.

Nochex – A gateway with a unique feature

Nochex is considered an alternative to popular Payment Gateway like PayPal and Stripe. However, it is different from its counterparts. The reason is that a merchant’s customers do not need to make an account on Nochex to pay through this account. However, at the same time, the payment gateway has a significant limitation: it does not provide a facility to take payments in person. You do not get any card machines to install at your store or shop.

Despite some limitations, it is fair to consider Nochex because of the comfort of not making an account on the gateway. Usually, customers like such payment options because they can avoid unnecessary time wastage in creating an account on a new payment gateway. Many merchants also add Nochex to their websites to add versatility in the payment options for their buyers. Believe it or not, even if a merchant does not think much about Nochex, it will surely be a better choice for his customers. The reason is apparent; buyers always pay faster with less hassle, and this company has no condition for creating an account.

Opayo – The best payment gateway for a small business in the UK

Opayo makes space in every suggestion you get on the best payment gateway options for a small business in the UK. With this option, you can collect payments in 25 currencies; firms with a low volume of transactions prefer this gateway as one of the promising options. It can be customized entirely or partially. The customer service is available 24×7 for immediate troubleshooting in case of any technical issues in transactions.

It provides eInvoices and phone payments and has strong fraud prevention features. With detailed reporting, you can get into the nook and cranny of the transactions. Also, its analytics features are enhanced with artificial intelligence. It helps the merchants make timely decisions about business and take the company in the right direction. For the best experience with this payment gateway, you need to indulge in a real conversation. The experts are always available over the call, or you can visit their office to clarify your demands and circumstances better.

Adyen – It works with all big and small names

Yes, this payment gateway is used by many global businesses and commercial entities such as Linkedin, Uber, and Microsoft. However, it is also friendly to companies of medium and small sizes. It accepts payments in 150 currencies, which means if you own a company with expansion plans, Adyen is a reliable choice. It also gives you detailed customer data that helps you understand customer behavior and take action for product or service improvement.

However, some people say that the pricing structure of the payment gateway is a bit confusing. The processing fee applies differently according to the mode of payment. All payment services are available with the company. It can be your choice with superb security features if you are looking for payment gateway providers in the UK for your business. It also has shopping cart functionality with payment gateway features.

Cardstream – Known for its customization features

Transparent pricing and customization features make this payment gateway a good payment gateway option for merchants. It has a short contract which is another point of comfort for you if you own a business and have a lot of work. As mentioned by some of its merchant clients, the customer support is excellent. However, the final decision should still depend on your discretion and research. Go and look at the reviews clients leave for the payment gateway.

This payment solution provider is a reliable choice to suggest you something, especially for new businesses. The versatile features of customization are always needed in newly born commercial entities. Such companies always look for flexibility in every sector. Also, the established businesses with plans to spread to new locations and markets in a short time can undoubtedly consider Cardstream. You can immediately change your payment solution plans with the flexibility and customization this gateway provides. Data security is uncompromised, and customer experiences a smooth payment experience. Also, the company is inclined toward artificial intelligence, which means the merchant clients can keep enjoying newly added features with technology advancements.

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Conclusion

The above collection of payment gateway options in the UK is only the best ones. Whatever your business is and your need for daily transactions, high volume or low volume, you can pick an option here. The simplicity of these payment gateways on the part of user-friendliness makes every payment gateway option worthy of your consideration. Take time, research, and understand which payment gateway best suits your commercial needs. However, it is always good to provide your customers with more than one payment gateway. The above alternatives should be sufficient for all your payment solution needs, irrespective of your industry.