A global merchant account is the strongest platform that protects an online casino from related business threats. Safer money transactions with customers are among the biggest concerns. Also, the issues of chargebacks are quite common with gambling merchants. For solution, the global merchant accounts help the commercial entities from the industry survive safely.
What Is The Core Nature of A Global Merchant Account?
A global merchant account is a commercial account that is used to receive payments from casino players from international customers. This account is provided by a bank that is known as an acquirer.
How A Global Merchant Account Helps An Online Casino Survive Despite Risks?
Online casino operations face many challenges daily that may impact business growth in the long term. Through a global merchant account, it becomes easy to handle those circumstances and run the company properly while keeping the players safe.
- Manage Chargebacks Efficiently – Yes, ‘efficient’ is exactly the word here because a merchant cannot handle chargebacks single-handedly. The technical issues and the security infrastructure need specialised treatment. A merchant provider knows how to do it and they know how to alter the available technology to manage things properly. The security system is capable of spotting suspicious transactions and also customers that do friendly fraud.
- Ensure Safer And Faster Payment Processing–It is very easy for a casino merchant to lose its customers if it fails to offer a safer payment process for the players. Thanks to the platform of merchant accounts that are an important element in the payment processing. Some merchant provider acquirers provide their own payment processing solution, while in some cases, merchant uses other processing company. Whatever it is, the final destination of money is the merchant account.
- Offer Local Currency Transactions To Global Customers – A merchant account gives you the access to the global market and you can get more customers. The customers can pay in their local or national currency, irrespective of the fact that a merchant belongs to some other nation. Online casinos need to have a wide reach to earn big profit. Once again, thanks to the acquiring banks that provides global merchant accounts that make it all possible.
How to Get a Global Casino merchant Account in First Chance?
Well, that can be a great thing to have for you as a casino owner. Rejection is already frightening, as it thoroughly affects the credit rating. Here are some suggestions and practical tips that can help you get a global merchant account UK in the first chance without any rejection fear.
- Work On Your Credit Score – Credit rating, as you already know is a prime factor to qualify for any sort of financial product. Whether it is an individual or a business, it is necessary to have a good credit score. However, poor credit businesses can also apply for a merchant account but in that case, the payment history of last 6 months should show signs of improvement in financial behaviour. Pay bills timely, pay business debts timely to get approval conveniently.
- Do Not Let Your Monthly Volume Drop Considerably – Casinos are considered high-risk and they should have a big monthly volume of money to process. You need to understand that you will need to commit a certain monthly volume to apply for the merchant account. Make sure that your business keeps processing that particular amount every month.
- Look For A Suitable Merchant Account – This is actually the basic requirement to get the merchant account in the first chance. Your business may be doing well, but you also need a good merchant account which is nothing but a suitable option for the company. Some payment processing companies like EskayPay have network of acquirers. They can help explore multiple options of acquiring banks. Also, they help businesses bargain on the cost.
Get a Perfect Global Merchant Account How Eskaypay Helps You
We are the payment processing bridge between you, the acquirer, and the customer. As a payment processing company, it is our prime role and we do it efficiently. Our in-built fraud detection system keeps the money of your customers safe. Also, you do not need to be able to withdraw your money safely. We are also the currency convertors when the merchant wants to get funds in his account. Connect to our team of experts anytime for any sort of technical or operational issue. We never let the money delay when it reaches you and your players.
- Years of Experience Help Gets the Merchant Account–
We are a payment processing company with years of experience of working for casino merchants. We have successfully helped the businesses get their first as well as another merchant account. A global merchant account may be important for you but first you need to qualify for it. A support system is required to process your application and also to explain how to qualify easily for this account.
- We Check Your Website To Make it Appropriate For Merchant Account Application
Acquiring banks that offer merchant accounts have some parameters for the casino merchants. For example – They want that your website should display the business registration details, chargeback policies, etc. Also, the content should not be an issue creating. As a payment processing company, EskayPay guides you to the right business strategy before you apply for the merchant account.
- We Have A Large Network Of Acquirers
It is good for a high-risk merchant to be able to contact more than one acquirer bank to get the best deal. EskayPay has a rich network of acquiring banks and it can bring multiple offers through which you can choose the acquirer with the most affordable per transaction fee. We are destined to offer the only best experience to our business clients. We have seen a lot happening in the industry, especially after pandemic circumstances. Accordingly, our system has been enhanced to help the merchants with the required set of services and we have helped multiple casino businesses get their global merchant accounts.
Global merchant accounts UK give your casino business a global approach. Important is to make the best solution for your business growth. Understand from EskayPay the simpler ways to apply for a global merchant account. Let us help you get the best one through our network across the world.
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