Gambling has always been an integrated part of human entertainment activities, from early river valley civilizations to the modern technological world. Despite being one of the oldest entertainment activities, gambling has adapted so well to this new tech-savvy era, where it is now centered on an online platform with so many gambling activities conducted simultaneously. Such gambling platforms are known as online casinos, and because these casinos are running over the Internet, they can only accept online payments. Hence, they need a casino merchant account to take payments from their clients or to transfer the winning amount in a fast and secure manner.
An online casino merchant account is a business account that is accustomed to dealing with high-risk payments because online casino is considered a high-risk business. This is the reason why the majority of reputed merchant account providers refuse to provide a casino merchant account, or better to call it a gambling merchant account. Due to the many associated risks with online casino payment processing. Despite that, a very reputed merchant service provider, PayCly, provides casino merchant accounts and not just provides them but also helps in maximizing the profitability of the business. If you want to know how, just go through this post.
PayCly has been the predominant gambling and online betting merchant account provider over the years. Due to its many merchant-friendly features, which help businesses grow and ultimately result in profits for a casino merchant. A few of those are mentioned here:
By reducing the risk of fraud and chargebacks
Online payment-related frauds, especially fake chargebacks, have always been a severe problem for casino merchants all over the world. There is a very simple reason behind it: such frauds or chargebacks can cause a revenue loss to the merchant. And this is the point where PayCly proves why it is counted among the topmost casino merchant account providers by providing protection against fake chargeback requests or other payment fraud, which helps merchants cut revenue losses through chargebacks.
By providing a competitive advantage
Offering a wide range of payment options and a secure payment process can differentiate a merchant from competitors. By providing a convenient and trustworthy payment experience, merchants can attract and retain customers, build brand loyalty, and gain a competitive edge in the market, which helps them grow and gain profits. Knowing this, PayCly provides a casino merchant account with numerous payment methods, seamless and instant transactions, and timely payment settlements, which helps merchants gain trust among customers, and, of course, you know the results of it.
By helping in cost-cutting
It’s pretty awkward, but it is a truth that a merchant account provider can help the merchant cut costs. Yes, it’s true, and PayCly has done that over the years by providing a casino merchant account at one of the lowest prices. Also, it helps merchants save on currency conversion fees in cross-border transactions. Because of the multi-currency support with more than 100 currencies that it provides. With more such cost-cutting factors like direct payment links, which save the transaction fees of a third-party payment platform, PayCly gives an online casino merchant options to cut a significant amount from its costs.
Ending note
Online casino merchant account, gambling merchant account, or online betting merchant account—call it what you want. But the truth is that they all are almost the same and function in the same manner. Hence, without differentiating between a casino merchant and a betting website owner, PayCly provides a casino merchant account to every merchant involved in any kind of online gambling activity. It does not bother PayCly that you are running a casino website or betting website. It can provide services to any gambling merchant. But if you want to maximize profitability with your business, then you have to be bothered, if you have not yet chosen PayCly as your casino merchant account provider.
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