Quadrapay Offers Super Charged Skill Gaming Payment Processing Solutions
You need a Skill Gaming Payment Gateway but before that, let us quickly understand the business of skill gaming.
Let’s go back to the 1980’s when children used to participate in school fete. There used to be many stalls; some even had activities like shooting or hitting the cola cans. Hitting all cola cans in three chances was a key to a gift.
In 2021 the same concept is visible in a new avatar. It is called Skill Gaming. These activities involve the mental or physical abilities of the player. Participants already have the skills. They are mastering it by playing, and in return, they may win prizes that can be real cash or non-cash prizes. A gaming merchant who is offering these services needs to have an account and a secure payment platform.
Modern Day Skill Gaming And The Mandatory Payment processing Requirements.
Quadrapay is glad to announce that our payment processing partners in the EU offer Online Skill Gaming Merchant Accounts. With this payment platform, you can provide a vast choice of payment methods to the players. You can also use these solutions to pay the win amount by preferred method. We have also covered you with chargeback and fraud prevention. The Partners of Quadrapay ensure consistent transaction flow without declination.
While every payment gateway company will ask you to make an application very few will say yes. There ara many reasons behind the same.
- Not All Processors Are High Risk PSP
- There is a very thin line of difference between skill gaming and game of luck. That is why most will say no.
- The prizes if monetary then it creates a bigger challenge
- Many will say no to startups or growing merchants
- Many may not have solution for payout. This industry requires Payin and Payot solution.
We value long-drawn partnerships over making a quick-profit; hence, we will minimize your processing fee, no hidden charges and no hassle for creating an account. We ensure that your business costs get reduced and revenues increased by providing in-game credit card purchases completely secure by our payment gateway.
Various Type Of Games That May Qualify For A Skill Gaming Merchant Account
- Arcade Games
- Word Games
- Trivia Games
- Card Games
- Puzzle Games
- Video Game
- Fantasy Sports
- Fantasy Games
- Math Games
- Typing Games
- Logic And Concentration Games
- Tap Games
- Number Games
Startup Skill Gaming Credit Card Processing Accounts Are Fine
We understand your needs as its a new business and its a crucial phase we won’t be charging you any fees for opening an account as setup charge.
Quadrapay Key Advantage For Skill Gaming Credit Card Processing.
- Maximum Payment Options. Quadrapay partners process all modes of electronic payment, including all debit or credit card, AMPs. You are mostly covered against the chargebacks and fraud transaction as they offer chargeback alert services as well.
- 50+ Currencies. Fulfil localized buying experience and let your customers make the payments in the currency they are most familiar with.
- Chargeback and Fraud Prevention. Though we understand it’s not gambling, if any player claims a chargeback for not winning anything or not making an account on the online gaming platform, we are there with powerful risk management tools.
- Full Reporting Interface. Payments made by the player or winnings credited in their account have to be accounted for. Quadrapay partners provide you with a comprehensive reporting interface, so you don’t have to go through any hassle of keeping manual records. All the transactions remain transparent. As Alan Mulally said, – ‘Transparency is so important in a business’.
- No Reminders Needed. You do not have to worry about missing a payment as Quadrapay partners manage one-time fee and recurring bills so the player can auto-pay on set schedule with automatic electronic invoicing. The player would not have to put a specific reminder for that, we have done that to bring ease in your business, so you don’t go missing on any of your payments.
- Efficient Customer Service. Quadrapay has 24*7/365 customer service for you to interact with us whenever and however you want. We would be glad to solve your queries and satisfy you with our services.
- Time is Money. We value your time and your business; that is why we do not take much of your time to create your account and to approve it. You have to fill a single form with basic details of yours necessary to open your account.
Banks And PSPs May For A Legal Opinion While Underwriting A Skill Gaming Merchant Account
Technically speaking, a skill gaming platform offers activities that do not involve chance or luck. If it requires an element of chance or luck, then it falls in the category of gambling. If the merchant has a gambling licence, then it is ok, but the merchant is illegal if the licence is not available.
So who will decide if the game is of chance or skill?
Payment processing companies may ask for a legal opinion. If you as a merchant approach the gambling commission, then they may refer you to the content on their site but in most cases will not give you a confirmation about if a licence is needed of not. There is a simple solution to this challenge. These days many law firms are there that are specialised in offering skill gaming legal opinion. Since these law firms are focused on gaming, gambling and betting vertical, they understand the business model better. After analysing the merchant’s website/application/business model and many other factors, they provide a legal opinion. Please keep in mind that the Law firm should be registered and should be verifiable online.
If the legal opinion favours the merchant, then the merchant acquirer may find it easy to say yes. When approaching other PSPs for additional skill gaming merchant accounts, the same recent legal opinion can be shared, provided there are no changes in the mode of the game and the business model.
There Is A Reason Why Skill Gaming Merchants Approach Quadrapay
These Skill gaming businesses must have a high-risk merchant account to ensure that the consumers have no problem with the payment. Quadrapay has startup-friendly options that will give a boost to your business for sure. Start accepting payments from world-wide in several modes direct in your account that too hassle-free and without any extra charges by setting up your account without any fees and no hidden charges. We are here to help you attain your desired business with complete transparency and welcome all your queries to help you grow.