Low Cost Social Gaming Merchant Accounts
A social gaming merchant account is used to process credit card transactions on social gaming websites and mobile applications. Such an account is extremely beneficial for casual games, multiplayer online games, social networking, as well as mobile games. Social gaming companies use social gaming merchant accounts to sell subscriptions to the games, as well as various digital products for in-game transactions. These can include virtual economies, upgrades, skins, or avatars.
The growing demand for social gaming and iGaming has created a much bigger need for high-quality social gaming merchant accounts. With the introduction of various technologies like virtual reality and immersive technology, more and more gaming companies have started realizing the importance of social gaming merchant accounts.
If you’re seeking a suitable gaming merchant account, we invite you to evaluate our solutions and compare it with other providers. Our team is looking forward to providing you with accurate guidance and complete information about how enhanced payment solutions can improve your social gaming business.
High Risk Social Gaming Merchant Accounts
Banks categorize businesses based on various risk levels, it becomes extremely hard for those businesses to secure a merchant account that are considered high risk from an acquiring point of view. Unfortunately, social gaming is also considered a high-risk industry, and that is why most of the low risk payment processing companies simply say no to merchants from the industry. There are various reasons why social gaming is considered high risk.
We all know that social gaming transactions generally involve the purchase and sale of digital goods and virtual currency. This can lead to chargebacks if customers dispute the purchase.
By implementing slight modifications in the business model, social games can fall in between gaming and gambling, which creates legal challenges and can present significant problems for payment processing companies.
As all the transactions on social gaming merchant accounts happen over the internet and there are hardly any face-to-face transactions, it invites a lot of fraudulent transactions. That’s another factor why the industry is considered high risk.
The purchase of digital goods in social gaming applications can sometimes have a very high average ticket size, which also creates credit risk for the payment processing company.
All these factors together make this industry a tough one for a regular payment processors. However, you do not have to worry as QuadraPay offers high-risk social gaming merchant accounts. You can rest assured that you can focus on the growth of your business without worrying about the merchant account.
Key Benefits of Social Gaming Merchant Accounts
There are various benefits of using the right social gaming merchant account. The first benefit is peace of mind because you do not have to worry about the account getting shut down or limits being implemented if you follow the terms of service.
With the social gaming merchant account, you can accept payments in multiple currencies, including USD, Euro, and GBP, to name a few. With a multi-currency merchant account, your business can truly become global and can attract users from different parts of the world.
The right social gaming merchant account can give you a competitive advantage. A good merchant account will offer better conversion rates, reduced pricing, and faster settlement times. All these features can directly impact the growth and profitability of your business.
Our social gaming solutions are highly beneficial for businesses that have games like Massive Multiplayer Online Role-Playing Games (MMORPGs), mobile games, social media games, and board games.
Integration of Social Gaming merchant Account
After the account is approved, we will send you detailed information about the integration process. You can integrate the gateway on your website in two different ways. Either you can use a ready-made plugin that’s compatible with your content management system and immediately start accepting live transactions. In case it is not compatible with your social gaming platform, we will provide you with a detailed API guideline. By following the instructions in the API guideline, you can write custom code that can be used to add the gateway to your website. For mobile gaming applications, we also provide you with a mobile APK and SDK solution so that you can add the payment gateway codes to your mobile application.
How to Apply for a Social Gaming Merchant Account
QuadraPay offers high approval rates for social gaming merchant accounts. Our team believes in offering highly competitive pricing. Merchants can qualify for next-day settlement. Our merchant account panel comes with advanced tools that help merchants easily represent documents related to chargebacks. Built-in tools for fraud reduction also help merchants reduce loss.
It is time for you to get a social gaming merchant account that is highly stable and truly dependable. We believe in establishing a long-term relationship and are committed to offering you sustainable payment processing solutions. To start the application process, all you have to do is send us the basic information. This includes your name, email, phone number, website, and a short message. You can do this by filling out the contact form on our website. One of our social gaming merchant processing experts will contact you and ask for additional documents. These will be sent to the processing bank, and you will be updated regularly as your application moves ahead.
Apply with QuadraPay today so that we can offer you high-quality credit card processing solutions for your social gaming business.
Suggested Industry Research Paper
https://www.coherentmarketinsights.com/market-insight/social-gaming-market-4357
