QuadraPay offers Multi Currency Raffle Payment Gateway.
Raffle payment gateway is a credit card processing account that allows raffle websites to sell raffle tickets. The raffle payment gateway enables participants to make payments for entry tickets using credit and debit cards.
Raffles are different from skill gaming as they include elements of chance and luck; however, skill gaming is entirely based on the skill set of the participant. This is the key reason why securing a skill competition merchant account is easier than obtaining a raffle payment gateway.
The good news is that with QuadraPay, you do not have to worry. We have an extensive partnership with various payment solution providers that specialize in assisting merchants from multiple higher-risk industries, including raffles, casinos, poker and skill gaming. We will take your application to the right payment service provider that would work hand in hand with you for the account approval.
Key Features of Raffle Payment Gateway
Our solutions are powered by some of the best payment processors in the world, which is why we are confident that when you apply for a Raffle payment gateway with us, you will be getting a secure payment processing solution. Our payment gateway solutions can securely handle credit card transactions for the sale of Raffle tickets on your website.
Gone are the days when businesses only accepted credit and debit cards. Today, we talk about alternative payments. In fact, in many countries, alternative payment methods are more popular than regular credit and debit card processing. That’s why we allow our Raffle payment gateway merchants to access a wide range of alternative payment processing methods.
We make integration of the Raffle payment gateway on your website extremely easy. All of our solutions come with a ready-to-use API for various content management systems. Additionally, our payment processing partners provide you with a detailed integration document that your technical team can review and customize the code to get the most out of it.
It is extremely important for you to ensure that you protect your online business from fraudulent transactions. That’s why all of our payment solution partners offer robust transaction security.
Tips to Choose the Best Payment Gateway for Your Raffle Website
Whenever you are searching for a payment gateway for your raffle website, it is extremely important for you to ensure that you are making the right deal. When you sign the agreement, you have to accept all the terms and conditions laid out by the payment processor. If the deal you are getting for a payment gateway for your raffle website is not good enough, then you will potentially be losing a lot of money as it would be an expensive affair. Let’s look at some of the important factors that you must consider while choosing a payment gateway for your website.
Talk to the payment processor about the security aspect of the gateway. How do they protect the transactions? Are they certified? What geographies do they support? Are they going to accept international transactions or only providing you with local transactions?
Ask them about the term sheet regarding the pricing or any hidden charges. Many payment processing companies often have hidden charges which may come as a surprise to you. To avoid these charges, ask your payment processor to put everything in black and white. Even if the charges are higher, at least you will know what you are accepting. There is absolutely no harm in writing an email to your payment processor and asking them if there are any additional charges so that you can get that information documented in your email. Furthermore, if the payment processor asks you to make those payments, then you can decline those payments.
Ask the payment gateway company how you can integrate the payment gateway on your raffle website. Is it a cumbersome process or is it swift and easy? What support will the payment gateway company provide when it comes to the integration of the gateway on your raffle website? All these factors will help you make the right decision and establish a relationship that will last for months and years.
KYC Documents for Raffle Payment Gateway
When applying for a payment gateway for a raffle website, it is important to ensure that you provide all the necessary KYC documents to the payment processor for faster processing of your application. Let’s look at some of the important KYC documents that are mandatory for applying.
The merchant account application form is crucial as it provides an overview of your business. The payment processor will provide you with an editable or fillable merchant account application form.
The payment processor will require proof of identity of the business owner. This typically includes the national ID of all the ultimate beneficiaries of the company.
Business registration documents are essential to confirm the legal entity of the business. The payment processor will conduct background checks on the company and its individuals, which may include checking credit scores.
Utility bills or bank statements are needed to confirm the business’s place of operation and the residence of the directors.
If you will be accepting e-commerce transactions on the raffle website, the payment processor will require documentation confirming that your company owns the domain name associated with the e-commerce raffle merchant account.
Revealing your processing history can significantly increase the likelihood of account approval. It leaves a strong impression on the underwriter’s mind if you are already accepting payments on your e-commerce website.
Depending on the nature of your business, the payment processing company may request a legal opinion or an industry-specific license. However, these requirements vary based on the merchant’s jurisdiction and the jurisdiction of the users. It’s advisable to confirm with the payment processing company the specific licenses that may be required.
