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Casino Merchant Account
Category Merchant Account News
Online Casino Merchant Account
Most people are aware that there are online casinos about that fairly mimic real casinos. In fact many of these virtual casinos in general will offer comparable odds as well as payback percentages that are similar to real time casinos. There are, however, some online casinos that tempt players by claiming elevated payback percentages. The way that an online casino works is by using a programmed unsystematic random number generator. As you would expect, the games favor the house because they are ruled by the game rules themselves.
With regard to a casino merchant account, it is considered an extremely high risk, higher even than those seeking to have a merchant account that provides adult merchant accounts, such as adult sites that require membership for example. Of course online casinos exist because they make available enormous potential for both revenue and return.
Merchant account providers shy away from providing a casino merchant account to an online casino because they are fraught with potential problems, such as high potential chargebacks, assorted fraud and even refunds. As is always the case with regard to any business, it is also the fault of the few casino merchants who unfortunately have practiced deceptive behavior on the part of their various online casinos. Thus in order to provide a casino merchant account, merchant account providers offer these high risk online casino merchant accounts.
These offshore or online casino merchant accounts offer the casino operator a number of assorted benefits. Among them are the following important benefits such as:
Safer Transaction Processing. Through the use of assorted negative databases that prevent the card transaction from going through, as well as address verification schemes and even CVV2 authentication, the chances of fraud by the cardholder are substantially reduced. CVV2 (card verification value 2) is of course, the last three or four digits found in the back of the card along the signature line. This offers you the best protection against credit card scams and assorted types of fraud.
Online Shopping Cart. These are provided, and are very easy to integrate into your site.
Software. Casino operators simply download the software and thus can process their own major credit card transactions and even deposit payments using their own computers.
Cost Effective Processing Solutions. These will help you save money as well as your time.
SSL Encrypted Servers. Provides yet more protection to your customers.
Online Transaction Reports. These are made available to you quickly and efficiently so you can spot fraud.
Secure Servers. Performing authorization verification online is made available to the merchant.
Online Technical Support. Being able to reach a human being when you have problems is of extreme importance of course.
Rates for an online casino merchant account will of course differ tremendously depending on the monthly sales turnover and thus vary from 3% to as high as 6%. The higher the turnover the lower the rate will be.
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