So you’ve started the company of your dreams. It has been doing well for the past two years, and an increasing number of customers are interested in your products or services. You’ve also made enough money and saved it in the bank.
If this is the current state of your company, it must be doing very well. You can open a merchant account, especially if your customer base is expanding and in need of a more convenient payment method.
Doing business in this manner can be beneficial to your company. Your customers can pay with their debit or credit cards when you use a merchant account. This is an extremely convenient method of conducting financial transactions.
These accounts can be opened in conjunction with payment processors such as Visa, American Express, and MasterCard, among others. If a small business is successful, has a storefront, and has been in business for two years or more, it can open a merchant account. Depending on the bank’s policies, the policies would differ.
Having Your Own Gaming Payment Gateway Now
Having your own gaming company could grow faster than you think. Entrepreneurs all over the world have signed up for merchant accounts in order to expand their client base. There are numerous advantages to offering different payment methods to customers in order to help your business grow.
Getting a merchant account for your online business has numerous advantages. A payment processor will assist you in accepting various types of credit cards from your customers. You will also be able to accept payments from American Express, Discover, Visa, and MasterCard, allowing you to expand your business globally.
With this type of setup, your company’s regular profits will more than double when compared to when you only cater to people in your immediate vicinity. Because of the large number of people who are connected to the internet on a daily basis, many businesses are now utilizing the internet as a means of gaining more customers.
EskayPay is a payment processing company that is effortlessly trying to make payment easy for industries. We provide a variety of services such as merchant accounts, Payment Gateway for Gaming, digital wallets, and so on, reducing the amount of work required by its clients for a simple online transaction.
Benefits of having Gaming Merchant Account Facility
A gaming or casino merchant account can significantly increase your sales. Not only will you benefit from this type of transaction, but so will your customers. They can take advantage of the ease with which they can make a purchase compared to previous years.
- When you accept credit card payments from your customers, you will be perceived as a growing, evolving business. They will naturally associate a certain level of trust with your company, which will earn you brownie points.
- Today, credit cards account for the vast majority of transactions. You will almost certainly notice an increase in sales right away. More sales equal higher profits, which leads to increased business growth.
- You will be able to sell almost anything online. There is a whole new market out there and you can make your move sooner rather than later.
- It will allow for the immediate transfer of funds into your account, allowing you to maintain cash flow in your account.
- Credit card transactions are typically much higher in volume, which increases your income significantly.
- You can get them without much difficulty or expense.
How to set up an Online Gaming Merchant Account?
Such businesses may have difficulty locating an account provider to meet their credit card processing needs. This is due to the fact that most banks and other financial institutions are now wary of providing merchant services to businesses. This is due to the high risk of credit card fraud and other problems associated with such transactions.
Account providers may need to consider the applicant’s length of time in the business, as well as his chargeback history. If an applicant has very few chargebacks and has been in the business for a long time, the provider is likely to open an account for the applicant. It will also take several weeks to approve such an account.
Setting up an account may be more expensive than a standard one due to higher credit card processing rates. Rates or fees, on the other hand, differ from one provider to the next. The good news is that these account providers do not require initial security deposits for their accounts.
EskayPay is a well-known payment processing company that caters to all sizes of online businesses. If you integrate our payment solutions into your business, it will greatly benefit your customers. We at EskayPay helps in setting up the Gaming Payment Gateway that will allow the gaming merchant to enjoy tremendous growth for their business.
How to apply for a Gaming Merchant Account?
To obtain merchant account services, you must submit the following documents.
- You must have a Director KYC profile.
- You must have government-issued identification, such as a driver’s license or voter identification card.
- You’ll need a payment processor if you’ve previously owned a business.
- You must provide a multi-processor explanation for profiting from the office.
- 3 months of recent bank statements and a processing history
- Your chargeback rate should be less than 2%.
- The payment gateway services will be available to you within 5 to 7 business days. Customer service is available 24 hours a day, seven days a week.
Originally Published At :https://eskaypay.com/gaming-merchant-account-long-terms-benefits-for-your-business/
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