An Online Casino Merchant Account That can help you grow your business

The word casino is always referred to as a place where many different gambling activities are taking place under one roof at the same time. The term "online casino" is exactly the same thing but with virtual or online gamblers. Since it is impossible to transact physical forms of money in online gambling activities. So an online casino merchant account becomes a necessity for payment transactions. But as a result of this, a gambling merchant account becomes nothing more than a medium for online payment transactions between a merchant and online gamblers. But what if we say that you can actually get a casino merchant account that can help you grow your business? If you want one for your online casino website, just go through this entire write-up.
Online gambling is a business that is growing nonstop 24/7 with a steady growth rate. As stated in a research report by Grand View Research, the size of the online gambling market was valued at 63.5 billion US dollars in 2022. And it is supposed to grow at a compound annual growth rate of 11.7% between 2022 to 2030, thanks to the increasing internet penetration rate in the world and enhancements in internet technology such as 5G that are boosting online gambling business opportunities.
Some popular gambling activities on an online casino site
● Poker
● Bingo
● Lotteries
● In-play gambling
● Blackjack
● Slots
● Keno, etc., are some popular games among online gamblers worldwide.
How can an online casino merchant account help grow your business?
By cost-cutting
Saving money can possibly be the best way by which a casino merchant's account can contribute to the growth of an online casino website. But for this, a casino merchant needs to have an online casino merchant account provider that provides services with a transparent fee structure. So that a merchant can save up on those hidden charges applied by the majority of the service providers.
A merchant account with multiple currency support can also help save some bucks for online casino merchants during payment processing. By avoiding currency conversion fees due to the capability of payment processing in foreign currencies.
By providing on-time payment approvals and fast payment processing
On-time payment approvals, instant transactions, and fast payment processing are some casino merchant solutions that can attract online gamblers to an online casino site. There are thousands of instances happening every day where users can’t get their winning prize on the same day due to some technicality or troubleshooting with a gambling site’s online casino merchant account.
As a consequence of this, the majority of such users leave the platform, which creates a negative marketing image of the site and can lead to a reduction in the number of platform users. Thus, an online casino merchant account that can process payments quickly and approve them on time can help a casino merchant maintain the number of gambling platform users.
By ensuring data security
Online casino is known as a business that is fraud-prone. The thing that adds another layer of risk to this is the unregulated business market. Because of this, a significant number of online gamblers prefer a casino website that ensures data security during online payment transactions. Therefore, an online casino merchant account in compliance with PCI DSS (payment card industry data security standard) can help a casino merchant maintain and grow the number of website users by providing a surety for their payment-related data security.
How can you get an online casino merchant account that can help you grow your online casino business?
If you need a casino merchant account that can assist you in the growth of your online casino business. You just need to get in touch with PayCly for this kind of online casino merchant account. It is arguably one of Southeast Asia’s best online casino payment gateways and merchant account providers. It is counted among those online gambling payment processors that provide services at one of the lowest prices in the ASEAN region.
Benefits of PayCly's online casino merchant account
● A large banking network constituting major domestic and international banks in Southeast Asia.
● Compliance with PCI DSS (the highest payment card data security standard) to ensure data security.
● Protection against fake chargeback requests.
● On-time payment approval and instant transactions.
● AI and machine learning-based tools for fraud detection, prevention, and management.
● 100 plus foreign currencies to accept payments from every corner of the world.
● Transparent fee structure and no hidden charges.
● Instant approval for the merchant account.
How can I set up a PayCly merchant account?
A merchant account can only be opened if the following requirements are met:
● Visit the homepage of the website.
● In the top-right corner of the screen, there is a drop-down menu with "Apply Now" as a choice.
● The signup form will appear right away on the screen of your smartphone.
● All necessary fields on the application must be filled out.
● To proceed, click "Submit."
According to these instructions, you can easily obtain one of Southeast Asia's best online casino merchant accounts.
Documents that needed to be submitted with the application
● Two ID proofs of the merchant, e.g., a passport and driving license
● Merchant’s address proof
● Business address proof
● Website URL
● A voided check
● Bank statement of the business (last six months) not for the startups
● EIN (employer identification number)
● Letter of incorporation
Ending note
We hope that your quest for an online casino merchant account that can assist you in business growth might come to an end with PayCly. Because it has all those features that can help a casino merchant grow his business. For example, with a large banking network for fast payment processing and on-time payment approvals, PCI-DSS compliance for data security, and a fee structure without any hidden charges. With these features, PayCly’s online casino merchant account will definitely be an important contributor to the growth of a casino website.

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