7 Reasons Why it is Important to Have an Online Poker Merchant Account
By: Harshit Verma
Tags: Gambling, Merchant Account, Gaming, Casino

The poker business is considered one of the oldest forms of entertainment. It has grown out of its traditional way and has become a more elaborated version. It is a great way to make more money if you play the game right. This business is reliable and highly lucrative. To enter its market, you need to have a reliable poker merchant account. You may ask why it is important to have an online poker merchant account. We’ll talk about it in a bit. But before we do that, let’s first find out what an online poker merchant account is?

What is an Online Poker Merchant Account?

An online poker merchant account supports poker merchants by allowing them smooth and flexible payment transactions services to help them achieve high exponential growth. You should be aware that not all online poker processors offer services to businesses. Hence, it can be challenging to get a merchant account with exclusive benefits. This is where an online poker merchant account can help. Online gambling merchant accounts allow online casinos, sportsbooks, and skill games to increase revenue and ensure customer satisfaction.

Now we know what an online poker merchant account is, let’s talk about its importance.

Importance of Having an Online Poker Merchant Account

1. Makes it Easy for the Players to Pay You

The customer experience is built around the ability to accept payments and payout winners. Online gambling businesses can process payments quickly and efficiently as it is crucial to maximizing revenue by making it easy for customers to pay you for services. This highly improves customer experience and retains them for long.

2. Dealing with the Chargebacks

Online gambling merchants also have to deal with chargebacks from credit card transactions, this provides an easy and secure gateway for the gamers, and hence they feel entitled to join these poker merchant accounts. Though, transaction merchants are not as likely to be supported by banks and credit card companies. Customers of online casinos can request a chargeback for credit card transactions much more manageable than for debit cards. If you don’t know, Online gambling sites believe that debit cards are more convenient than credit cards for transactions.

3. Easy and Fast Transactions

When filling out the personal data form, prospective members of poker merchant accounts will be required to enter the account number and the bank name. This ensures a high level of security and authenticity. These details will later be used for deposit and withdrawal transactions. The personal information basically includes: bank account and bank numbers remain safe. Transactions like withdrawals or deposits take less than five minutes, so it is also easy.

4. Allows You to Offer Bonuses and Promos

Although every online casino site offers bonuses to attract new players, they may not provide the same bonus. Trusted online poker agents ensure that all customers receive the promised reward immediately without any conditions. Joining trusted sites can help customers quickly make lots of money. This is in addition to the winnings, which draw an extensive array of gamblers and gamers.

5. Variety of Games

With having a trusted online poker merchant account, you can give the customers a variety of poker games that are entirely different and varied. A reliable poker merchant account guarantees that the gamers do not get bored of these games quickly, especially since one of these games has a jackpot system that you can use to get bigger wins. This surely attracts a lot of customers.

6. Secured Payment Gateways

Having an online poker merchant account provides customers with secured payment gateways, which will help you get your payments processed soon! These accounts also help you in assisting with getting real-time money from your online poker and gamblers.

7. Monthly Credit Statements

Gamers or customers associated with these merchant accounts who are interested in reviewing their monthly credit history can have the advantage of it. Online poker merchants do give this facility to its gamers to view their statements for review purposes. This provides a high level of authentication.

You may also be able to enjoy many other benefits by opening an online poker merchant account. You may be most pleased with the savings on expenditure, elimination of duplicate entries, improved customer service quality, and simplicity in the accounting process. A similar account can also provide you with a lower cost of manual labour, which means that there is less blood, sweat, and tears involved. You may see that the benefits mentioned above are only the tip of the iceberg.

Conclusion

Although it is difficult to obtain an online gaming merchant account, if you follow the requirements, provide all required information, and work with an experienced corporate service provider like Kryptova, your chances of getting approved for your gaming merchant account are high.