The Challenges Of Getting A Casino Merchant AccountPosted by Brian Latch on December 28th, 2020 If there is one thing that we learnt this year, it is that along with being extremely competitive, the casino industry is ever-growing. The introduction of technology has transformed the business entirely. It is no longer the industry that began in the 90s. Due to the emergence of e-commerce, these days, payments are preferably done via credit and debit cards. But due to the high-risk attached to the business, a casino merchant account is a compulsory requirement to enable the processing of credit and debit card payments. The changes in the market trends, laws and regulations are just some of the challenges you face when you acquire a casino merchant account online. Here are some more challenges associated with getting an online casino merchant account.
The rapid growth of the online gaming industry has come as a boon for business owners. However, it has also led to an increase in the number of cybercriminal activities. When you open casino merchant account, select providers that offer tools for fraud prevention. It will help enhance your business’ security and protect your customers’ data.
One of the ways to ruin your business’ reputation is chargebacks. A chargeback is the money that an online gambling company reimburses to the credit card company for a transaction that a cardholder disputes and are considered fraudulent. More chargebacks means greater losses for a casino merchant account holder.
A common marketing trick is to provide promotional offers to new players. This is done to encourage the players to register themselves and open an account. However, the businesses are often at the losing end of this because players have resorted to creating a different account every time they play, in order to continue taking the kickbacks of the bonuses. Like it? Share it! More by this author |