Online players have a choice to play legally without concern that their official accounts and all the funds will be blocked. Similarly, online merchants get some more ways to expand their online poker businesses and boost gamers’ user experience. However, the poker industry is still considered a high-risk industry and requires an appropriate payment gateway solution for online businesses. Firstly, the term payment gateway looks complicated. But there is nothing complex to know about the specific payment solution.
A payment gateway for poker is an innovative and cloud-based mechanism that seeks to help funds transfer from beginning to end. For streamlining it, a payment gateway solution plays a vital role in online payment processing successfully.
Basically, the fund’s transfer procedure is a two-step procedure that includes the transmitting of bank details to perform the payment or reject it. And after confirmation, it transfers the actual amount from poker to a merchant. So, you will need the best payment gateway solutions for your poker business. And WebPays is the best option to prefer. Drop us a mail now and our expert team will be in touch with you.
Poker is one of the most popular card games. Poker is a family of comparative card games where players bet on which hand is superior based on the rules of that particular game. In past20 cards are used to play Poker, but the modern version is typically played with a standard deck. Today, the game is played with 32, 40, or 48 cards in nations with frequent short packs.
As with any other industry, Poker is also shifting towards online. Both amateurs and professionals every day enters online rooms. Poker games vary in their intended audience, with some designed for big rollers and others for players with smaller bankrolls. The gamer must deposit money into their account to play Poker online.
Players require various payment options and appropriate gateways to deposit money and make payments. Let’s learn more about poker payment gateway and online poker merchant accounts.
Brefi Details about Poker Payment Gateway
First, try to understand what is a payment gateway. In a simple sentence, you can say that the payment gateway is the technical solution to handle online transactions safely and securely.
Generally, it is responsible for the authorization. Its primary purpose is to encrypt the customer-sensitive information related to the cards or payments and transmit it through a secure network between the merchant’s sites and the acquirer. Next, it receives approval or decline from them and then forward back to the merchant websites.
In the same way, a Payment gateway for Poker also works. On the other hand, Poker belongs to the category of online gaming activity that entails putting money on the line to win additional money. Due to this reason, banks and payment service providers view it as a high-risk sector.
What Merchants Expect From the Poker Payment Gateway?
Once you establish an online poker industry, the most critical work is to decide on the payment service provider. As your poker business comes under the high-risk business, you ought to go with a service provider who supports high-risk companies and also have experience in dealing with the poker industry.
Generally, poker merchants expect the following services with the Poker payment gateways.
Pay-ins and payouts –
Merchants anticipate seamless pay-ins and consistent payments because gamblers must pay money to play and can win funds in varying amounts. You will have an advantage over your rivals if you can supply speculators and merchants with them.
Various payment modes –
The poker industry consists of high cash volume, so merchants expect that their payment gateway offers them various payment modes. Wire transactions are the best solution for significant transactions. Along with this, the merchant should also look for other payment methods. It is also necessary for the poker merchant to keep small transactions in focus.
Local Payment methods –
As Poker is an international business, the merchant needs to allow the customer to make the payment in their local currency using any local payment method. It helps merchant to gain the customer’s trust and also help them not to lose the clientele.
Thus, merchants expect the poker payment gateway to be compatible with local payment methods. It refers to both pay-ins and payouts.
Along with the local payment methods, the merchant should also ensure that it supports the other alternative payment methods.
Recurring billing –
Most poker businesses let their customers pay via a subscription model. Additionally, payment service providers wishing to provide services to these businesses must have a system for recurring billing. Due to a variety of concerns, recurring billing is connected.
Because of this, it’s crucial to provide smart recurring in addition to recurring billing. If a client doesn’t have enough money, it allows for a partial withdrawal from his account, among other things.
Fraud and chargeback prevention systems –
It simply makes sense to have all possible fraud and chargeback prevention procedures in place, given the tarnished reputation of the online poker business. First, merchants will gain if the payment service provides a fraud prevention system. But they will also benefit if you utilize the outside software and the extraordinary amount of security.
Why is WebPays Best for the Poker Businesses?
Nowadays, you can get many service providers, but choosing the one for your poker business is quite challenging and time-consuming, so we recommend you go with WebPays. It is one of the leading payment service providers who have experience in dealing with high-risk businesses such as casinos, Poker, adult, IPTV, etc.
WebPays offer poker merchants many benefits which help them to grow their businesses.
- With WebPays, the merchant can get all-in-one solutions. You can get an online poker merchant account, poker payment gateway, and poker payment processing.
- Support multi-currencies and multi-language.
- Offer various payment modes, including alternative payment, local payment methods modes, and even cryptocurrency.
- Approve the merchant account within 3 to 5 working days with proper documents.
- Cover all PCI DSS issues and offer tech-savvy security tools like anti-chargeback and anti-fraud.
- Easy to integrate on sites.
- Powerful dashboard.
- 24*7 customer support
Final Thoughts –
Poker is an online gaming business that is flourishing today. Poker belongs to the categories of online gaming businesses, so like any other gaming industry, Poker is also considered a high-risk business.
As Poker is a high-risk business, the merchant needs a suitable high-risk poker payment gateway and a high-risk poker merchant account. It is pretty challenging to find the best service providers. Generally, poker merchants expect lots from the payment gateway we discussed above. If it slips from your mind, I will repeat it for you.
- Pay-ins and payouts
- Various payment mode
- Local Payment methods
- Recurring billing
- Fraud and chargeback prevention systems
We suggest you go with WebPays as your poker payment gateway. WebPays fulfill all your requirements and expectations. It offers safe, secure, and reliable payment solutions for your poker business.
Poker games are similar to traditional card games that used to play in clubs or at parties. But now it is playing online over the internet. So, if you are thinking of establishing your own poker business, you must be familiar with the risk assessed in the poker industry. However, your poker website needs a payment gateway for poker to process payments online and bets. Luckily, we at WebPays have various payment processing solutions that can help you to get one for your specific business. Our payment gateway solutions are reliable and function best with your business requirements.
Contact the expert team for more details and finalize the deals.