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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 the foremost platform for survival. All high-risk industries need merchant accounts to operate business

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 the customers. Without a merchant account, it is not possible.

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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.

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?

#Online Gaming merchant account

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.

#High-Risk Merchant Account

An Overview – High Risk Merchant Account Are you involved in a high-risk industry? And, looking for a merchant account...

Get a high-risk merchant account instant approval; chargebacks happened when you got it. This is your business, and it is time to take control of your hands and manage your merchant account successfully

#High-Risk Merchant Account

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.

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 – [email protected] 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.

#gaming merchant accounts #online gaming merchant accounts #gaming payment gateway

Finding a global payment gateway that is the cheapest as well as the best can be a real task. But if you already know the factors and indications that such a payment gateway provider reflects, it is not a difficult thing. Attention to some required...

The Global Payment Gateway which is the cheapest, as well as the best, can be a real task. But if you already know the factors and indications that such a payment gateway provider reflects, it is not a difficult thing. Attention to some required details can make it easy for you to choose the required one and find a suitable payment solution provider for your business.

#Global Payment Gateway

Why Is a High-Risk Merchant Account Vital For a Forex Trading Business? All across the world, forex trading is considered a high-risk business, leaving them with certain restrictions. The biggest limitation is that a forex business cannot accept payments in a conventional business bank accou

All across the world, forex trading is considered a high-risk business, leaving them with certain restrictions. The biggest limitation is that a forex business cannot accept payments in a conventional business bank account. It needs a commercial account that is made explicitly for high-risk businesses. This account is a high-risk merchant account and is necessary for many other reasons. Let’s explore the factors that authenticate the significance of a merchant account for forex trading companies.

#high-risk merchant account

How Can High-Risk Merchant Account Holders Manage Chargebacks Successfully? Chargebacks are always a big issue for the high-risk merchants, and day and night, they are focused on efforts to help remove this problem. However, it is impossible to waste all-time managing chargebacks, which is w

Chargebacks are always a big issue for high-risk merchants, and day and night, they are focused on efforts to help remove this problem. However, it is impossible to waste all-time managing chargebacks, which is why some simple yet effective ways are required to handle the issue. While doing a risky business, the merchants learn many things from their experience. Also, merchant account providers and payment gateways always suggest innovative ways to the merchants for troubleshooting. This blog will discuss the significant and effective ways a high-risk merchant account holder can efficiently manage chargebacks.

#High-Risk Merchant Account

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 do not pay attention to 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.

Read More Blog:-

Online Credit Card Processing Merchant Needs To Become PCI-DSS Compliance

High-Risk Merchant Account Approval Applications Fail For Some Merchants

#payment gateways uk #international payment gateway

Why Do High-Risk Merchant Account Approval Applications Fail For Some Merchants?

High-risk merchants across the world know how complicated it can sometimes be to get a high-risk merchant account. Many factors are crucial when a merchant sends commercial account approval applications. However, today with online documentation and with the professional assistance of merchant account solution companies, it is simpler to get approval. But at the same, it is not a cakewalk, and one wrong turn may make a business lose its chance of getting approved.

#High-Risk Merchant Account

EskayPay offers industry-leading and affordable high-risk merchant accounts and payment processing solutions. | Credit Card Processing, Internarional Payment Gateway - [email protected]

The high-risk merchant account approval, however, successfully managing a business consistently is a big task. But thanks, to technology and the abundance of resources in modern times help businesses flourish faster in a friendly atmosphere. The availability of fraud detection tools, money management apps, sales analytics tools, employee record software, etc., allows merchants to manage their businesses properly. If you are a high-risk merchant planning to apply for a merchant account, do not worry. Just focus on the above points and do not let them become a weakness of your business.

#high-risk merchant account

Prime Features of Forex Payment Gateways With High-Processing Capacity Forex trading is a complicated game of money, and both the investor and the forex merchant need a forex payment gateway with high-processing capacity. But for that, the merchant needs to know about the prime features that suc

Forex trading is a complicated game of money, and both the investor and the forex merchant need a forex payment gateway with high-processing capacity. But for that, the merchant needs to know about the prime features that such a payment gateway has. Every business owner wants a long-term contract with a gateway provider because it is stressful to switch to payment gateways now and then. This blog is about the noticeable qualities of payment solution providers that justify the high processing capacity of a gateway provider.

#Forex Payment Gateway

How Does High-Risk Payment Gateway Analytics Help Merchants Make Data-Driven Decisions? We all talk a lot about the payment processing role of a high-risk payment gateway. But a payment gateway does many things more than just processing the transactions. A gateway transfers money worth millions

The payment processing role of a high-risk payment gateway. But a payment gateway does many things more than just processing the transactions. A gateway transfers money worth millions and billions, but at the same time, it also sends crucial customer data to the network. A proper analytical report is always available of the latest and oldest transactions in a business. Merchants need this data recurringly to know about the status of business growth and make future decisions.

#High-Risk Payment Gateway

Get the best online payment gateway providers solutions for your online business. [email protected] - High Risk Merchant Account, Payment Processing

You as a high-risk merchant should always know the best qualities of an online payment provider ». The above ones reveal the practical traits of payment processing companies, especially for businesses with risky industries. The higher volume and strict laws make daily operations challenging for business owners. In such circumstances, it becomes even more important not to let any flaw cause harm to money transactions. Risky businesses easily get the blame and thus they have to be on their toes when it comes to the safety of online payments. Isn’t it? | Mail us at [email protected] »

#Online Payment Gateway

Know About Forex Merchant Accounts Through Frequently Asked Questions A forex merchant account is a supportive tool for forex merchants because it has many benefits. However, the issue is of ignorance because even today, business owners are unaware of many things after the popularity of fore

Forex Merchant Accounts the given answers open doors to the hidden facts about the merchant account for forex business. Understand the varied, related aspects. Learn why a merchant account is necessary for the business and what formalities are required for approval. Also, understand how the deposit limit differs in a merchant account according to the difference of the countries. The blog provides an insight into the basic but essential information about the forex merchant account. You will learn why some countries have restrictions and do not allow liberal investment to their natives. Know much more in the blog and stay enlightened.

#Forex Merchant Accounts #forex trading merchant account

Online Casinos Merchant Account – ePay Global provides online payment gateway solution like eCheck, ACH, credit card processing services for all Industries.

A casino merchant account helps merchants gain a high payment acceptance rate. Various factors contribute to attaining this aim and make business easy for the casino owners. Understand how acquirers simplify circumstances for the casinos through successful payment processing. Read how technology makes it possible for merchant and merchant account providers to work for mutual aims. Also, learn how the data provided by the acquirer is used to make predictions about the customers' payment behavior and improve the acceptance rate. You will get to know that, ultimately, all the efforts and actions are programmed to achieve the benchmarks of payment rate acceptance.

#casino merchant account

An Overview – High Risk Merchant Account Are you involved in a high-risk industry? And, looking for a merchant account...

Do you know what you need to apply for a high-risk merchant account? Don’t worry; it is not complicated and is just a bunch of documents that every business owner already has. It is vital to ensure that you collect all the details and papers correctly. Once the scrutiny process starts from the end of the acquiring banks, the absence of any information may cause rejection.

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