Why is Online Poker Merchant Account Essential for your High-risk Poker Businesses?

Having the best online poker merchant account for your online Poker business is essential. The poker business is one of the oldest forms of entertainment. It is just like the traditional card games that players used to play in clubs, parties, etc. But now the time has changed. Like any other business, poker is also moved online. Now players are not interested in visiting the club or parties to play the game. They can easily play over the internet. It is also an excellent place to make money faster (if you play a suitable game).

Once you set up your poker business, you must know its risk. It is one of the highly lucrative and reliable businesses. You also require an online gambling merchant account and poker payment gateway to run your business successfully and process payments and bets.

Here we will discuss more on online poker merchant accounts and why you need them. So, continue reading it.

What is an Online Poker Merchant Account?

Let’s begin with the simple definitions – An online poker merchant account is a bank account that allows a poker merchant to receive online transactions made by credit or debit cards.

An online poker merchant account is a business account that supports poker merchants by allowing them smooth and flexible payment transactions. It helps merchants to achieve their goals. But always remember that only some service providers support online poker businesses. Hence, obtaining an online poker merchant account with exclusive benefits will be challenging for any merchant.

For your players to be able to pay your platform’s fees and make deposits into their online poker accounts, you must have a high-risk merchant account. Card payments will only work on your website with a merchant account, making it practically difficult for you to conduct business. Players want and expect to be able to use their cards to pay fast and effortlessly online.

Reasons Why You Need an Online Poker Merchant Account For Your Poker Businesses?

Now, you know what an online merchant account is. So, let’s discuss the importance of the online poker merchant account.

Make it Easy For The Players to Pay

The capacity to take payments and pay out winners is essential to how customers are treated. It is necessary to increase revenue by making it simple for clients to pay you for services. So online gambling enterprises can process payments promptly and efficiently. It dramatically enhances customer satisfaction and also increases customer loyalty.

Chargeback Rates

An online merchant account provides an easy and secure gateway for the players. It quickly deals with chargebacks from credit card transactions. Most service providers like WebPays offer anti-chargeback tools that help merchants manage their chargeback rates.

Easy And Fast Transactions

The account number and bank name must be entered by potential members of poker players while filling out the personal data form. A high level of security and authenticity is ensured by doing this. Later, this detail is used for deposits and withdrawals. Bank account and bank number details are included in the personal information. It is also simple because operations like withdrawals and deposits take minutes to complete.

Allow You To Offer Bonuses and Promos

Most online gaming sites offer bonuses to attract new players. A trusted online merchant account ensures that all the players receive the bonus immediately without any conditions. These offers attract customers who can easily trust poker gaming sites.

Secure Payment Gateways

An online merchant account offers customers a secure and reliable online payment gateway that helps to get the payment soon. It also helps you to get real-time money from your online poker.

Monthly Credit Statements

An online merchant account can review the monthly credit history. This facility helps the player to view their statements for review purposes.

Varieties of Game

A trustable and suitable online merchant account allows you to offer your customers various poker games. Given that one of these games features a jackpot system that you may utilize to increase your winnings, a trustworthy merchant account ensures that players don’t rapidly become weary of these games. It helps merchants to attract lots of players.

Along with these, you can also get many other advantages from using an online merchant account. It helps you save on expenditures, eliminate duplicate entries, improve customer service quality, simplify the accounting process, etc.

How to obtain an online poker merchant account?

Nowadays, lots of service provider is available. It is challenging for anyone to choose one among the thousands. So, it is better to go with the particular service provider who has lots of experience in dealing with poker businesses.

One such type of service provider is WebPays. It is one of the most popular and leading payment service providers that completely understand your business requirements and offer you the best possible solution at the best rate in the market. We maintain a good and healthy relationship with acquiring banks and financial service providers worldwide. With us, you can quickly get an online merchant account for your poker business but remember to submit the proper documents.

With us, the merchant has to submit the following documents –:

• Utility bill for address proof
• Three months’ bank statement
• Valid identity proof
• Full details of businesses
• Incorporation Certificate

Conclusion

The online gambling industry is becoming popular; its credit goes to a suitable payment service provider somewhere. We recommend you obtain an online merchant account for your poker businesses. An online poker merchant account offers many benefits that help you expand your business. We already discuss reasons to have an online poker merchant account.

Although obtaining an online merchant account is challenging, you can go with our recommended service provider, WebPays. Our team of experts helps you and offers you the best services regarding your online poker merchant account.