QuadraPay Offers Competition Payment Gateway For Sites And Apps.
QuadraPay brings you the right payment gateway solution for competition sites. With Competition Payment Gateway, merchants can sell game membership. Our Acquiring banks and merchant acquirers are most experienced in the skill gaming industry. Apply today with us to get more information.
#1 Reason QuadraPay Competition Merchant Account With High Up-time.
Our Prize Competition Payment Gateway is popular with merchants. It would be best to have a reliable payment processing solution. In terms of competition, multiple users perform the transactions; this requires the right payment service provider that can provide hassle-free and reliable processing without any downtime.
99.99%* Up-time is what our payment processing partners offer.
Suppose a transaction error occurs while transacting online, especially for a prize competition website. In that case, there is a high probability that the user will not come back again. For a competition website, payment is always the matter.
Our Payment Gateway Solutions are well known for high up-time and minimum transaction risk. This helps increase customer satisfaction and reduces loss. Competition Merchant Account from Quadrapay is all you need to fulfil most of your competition website requirements.
Competition Payment Gateway From Direct Acquiring Channels.
We at Quadrapay offer merchant account services with top-rated payment industry experts. With experience over the years in several business industries, we understand the requirements of business owners.
Underwriting Requirements Of Competition Website Payment Gateway
To get a competition gateway, you only have to follow easy-to-understand and straightforward procedures and submit the following KYC documents essential for approval.
Here is the most comprehensive list of KYC documents vital for approval.
- Business registration proof. Please note that our merchant acquiring partners can not assist if the business is not registered.
- Identification Proof. These can be a copy of any valid national IDs—for example, a Drivers’s Licence or Passport.
- Proof of business address./Company Physical address. You can provide the utility bill. Our solutions are only available to merchants with a physical business address. We cant support merchants with PO Box or Virtual office.
- Recent payment processing history. If you have one, then you must share it. The history helps to evaluate the risk of returns and chargebacks. If you hide, then there is a massive possibility that the underwriters will know about the same after a few checks. In that case, it can have a negative impact.
- Business Bank Statement/Letter Of Good Conduct. It helps the merchant processor identify the bank account where the funds will go.
- Legal Opinion – A Unique Merchant Account Requirement For Competition Merchants. You will also have to submit a legal opinion from a practising lawyer. The legal statement shall state that the lawyer confirms that the business model and the website activity does not include a game of chance and is purely a skill-based venture. The document should be signed and sealed and should have the Lawyers identification number.
We will soon post for Top Legal Opinion Providers For Competition and Gaming Websites. Watch this space.
Website Compliance For Competition Sites
The following requirements are mandatory and can have a significant impact on the approval of the account.
- Fully Qualified Domain Name (FQDN) + Fully Developed Website. Your website should be ready and fully functional. You should not expect approval if the website is not on a proper domain name. You will not get approval if you have a subdomain or a free domain.
- Realistic Prizes. There is a thin line of difference between a Prize competition site and a raffle site. The merchant will have real access to the offered prize in a genuine competition model. The site will promise impossible prizes in the Raffel model like luxury cars and even real estate properties. Sites with real prizes that are not very expensive and for which the merchant can show invoices have a better chance of getting approvals.
- An SSL certificate must be available on the website where you want to implement the payment gateway.
Payment Gateway For Competitions Advantages From Quadrapay
- Low Fees. A low transaction fee means better profit for merchants. Our solutions are direct and are incredibly economical. We can undoubtedly say that our rates are one of the best.
- Easy Integration. Our payment gateway is straightforward to integrate with your online prize competition website.
- Expert customer support. Work with top payment processors and get leading quality merchant and cardholder support.
- Industry-standard compliance. For the high-security level encrypted environment while transacting online.