Gambling has always been an integrated part of human entertainment activities, from early river valley civilizations to the modern technological world. Despite being one of the oldest entertainment activities, gambling has adapted so well to this new tech-savvy era, where it is now centered on an online platform with so many gambling activities conducted simultaneously. Such gambling platforms are known as online casinos, and because these casinos are running over the Internet, they can only accept online payments. Hence, they need a casino merchant account to take payments from their clients or to transfer the winning amount in a fast and secure manner.
An online casino merchant account is a business account that is accustomed to dealing with high-risk payments because online casino is considered a high-risk business. This is the reason why the majority of reputed merchant account providers refuse to provide a casino merchant account, or better to call it a gambling merchant account. Due to the many associated risks with online casino payment processing. Despite that, a very reputed merchant service provider, PayCly, provides casino merchant accounts and not just provides them but also helps in maximizing the profitability of the business. If you want to know how, just go through this post.
PayCly has been the predominant gambling and online betting merchant account provider over the years. Due to its many merchant-friendly features, which help businesses grow and ultimately result in profits for a casino merchant. A few of those are mentioned here:
By reducing the risk of fraud and chargebacks
Online payment-related frauds, especially fake chargebacks, have always been a severe problem for casino merchants all over the world. There is a very simple reason behind it: such frauds or chargebacks can cause a revenue loss to the merchant. And this is the point where PayCly proves why it is counted among the topmost casino merchant account providers by providing protection against fake chargeback requests or other payment fraud, which helps merchants cut revenue losses through chargebacks.