Choosing a gambling credit card merchant account, just like choosing every other credit card merchant account or online payment gateway, requires a great deal of thought and consideration, as the main objective of the Internet payment gateway is to be sure the safe and secure transaction of funds between an internet service provider along with a client.
An iPayTotal online gaming merchant account services manages the secure transfer of credit card funds of your own customers from the website to your credit card merchant account. This is accomplished using a software interface supplied by the payment gateway company that collects vital credit card data from your customer, and in addition informs the client instantly if their credit card was approved or otherwise. Payment gateway companies normally charge a transaction fee along with a discount rate for this sort of service. Fees will vary from one processor to a different, in addition to features.
The three “ty’s” of payment gateways are – Scalability (can they handle varying transaction volumes); reliability (do their servers provide 99.9% uptime); security (fraud prevention tools, Address Verification Service, 128-bit Secure Sockets Layer (SSL) technology, PCI compliance)
Without the proper security tools you might be susceptible to pilferers, and credit card scammers, and also you don’t want that happening on your own site.
Processing Account – A credit card merchant account is surely an account using a bank that permits you to accept credit card payments. The payment gateway wires the billing information for the credit card merchant account provider, and subsequently collects the funds from your customer’s account.
There are a plethora of merchant accounts to be found on the Internet today, with many of them choosing to handle transactions for specific online businesses, and some elect to handle all kinds of online businesses that need a payment gateway. Certain kinds of businesses happen to be classified as “dangerous”, primarily because of some aspect of the business.
A higher risk credit card merchant account is usually based on factors such as kind of industry, credit rating, processing history, average ticket, monthly processing volume, and location of economic.
Businesses that are thought dangerous incorporate adult content material, pharmaceuticals, betting, journal subscriptions, streaming or down loadable content material, courting services, travel and travel connected services.
Here are some pointers to take into consideration when evaluating a viable gambling credit card merchant account provider:
1. Make sure to conduct a researching the market. Speak with somebody who has spent years in the business, you can study a lot of essential things from them.
2. Make sure to check the big numbers, cancellation fees, and most importantly, the hidden fees in advance. A credit card merchant account provider who really desires to work with you will at least try to work with one to adjust to your capabilities.
3. Make sure to compare the different discount rates available from the many payment processors. There will always be a credit card merchant account provider offering good services online with a far greater rate as opposed to others.
4. Be mindful about advertisements that may be misleading or appear suspicious. When they lie on their own ads then most likely they are going to perform the same to you.
5. Verify the integrity of the company. Conduct a background check and find out when the company is recognized for good business practices and if they have transacted with brands like yours.
6. Usually do not create a practice of signing an agreement too hastily. Read the application carefully because some contracts possess a non-cancellation clause or penalty. In case a company will not leave a software along with you overnight, they may be probably attempting to use “high pressure” tactics so that you don’t have plenty of time to completely know what you really are signing.
7. Learn what individuals are saying regarding the credit card merchant account provider and find out which provider provides the best reputation. Oftentimes the best type of marketing is by word of mouth, since these connote upfront experience and not merely hearsay.
8. When choosing a charge card payment processor, browse the fees and services. Compare which one will work best for your company.
9. Check out how and once will you have the payment. Some credit card merchant account providers possess a minimum amount before they send you the payment. Others may charge you with wire transfer fees.
10. Avoid companies rich in fees each month. These providers will drain you of your own resources. Most of these companies depend on those fees each month to make up their marketing and sales efforts.