A merchant account is a service that allows a business to accept credit card, debit card, or other electronic payments in person. If you have an established casino business, it’s important to have the necessary equipment and materials to accept payments in person. Most casinos like fun888 สล็อต are now online only but many still need the ability to take cash or bank deposit during onsite events and tournaments.
Here are the benefits of getting a merchant account for your casino business:
Online Casino Merchant Account allows you to process purchases through your shopping cart. The merchant account will process all credit card transactions for your casino business and forward a full receipt of your activities each month. This lets you keep track of the money coming in from each customer.
Accept Bank Deposit
Online Casino Merchant Account providers allow you to accept bank deposit payments as well. They will also process these payments and forward them electronically to your bank account.
Online Casino Merchant Account providers such as lava fun888 will process chargebacks on your behalf. A chargeback is when a customer disputes a transaction on their credit card with the credit card company. Online Casino Merchant Account providers will hold your bank account as collateral for the money and then refund you after verifying the cardholder has authorized the charge.
Online Casino Merchant Account providers can help you comply with anti-money laundering laws. They will verify the bank account and issue you a W9 form to report your activities.
Online Casino Merchant Account providers are PCI compliant and can help you meet compliance standards. In general, they will process all your credit card transactions and forward money to your bank accounts on a monthly basis but may also issue you a W9 form regularly.
Online Casino Merchant Account providers will provide you with monthly reports detailing your transactions and payments. You can print off the reports and use them in your accounting software.
Online Casino Merchant Account providers will help you meet money service business compliance standards. These include the Federal Reserve’s requirements for PADI (Payment Acceptance Device Inc.). This is a device that allows a person to send cash to the casino business.
Online Casino Merchant Account providers will protect your information and store it in a secure environment. They will also help you keep track of your money with regular payments to your accounts.
Online Casino Merchant Account providers won’t charge transaction fees for accepting payments. This is unlike other payment services such as PayPal that may charge transaction fees per payment.
Online Casino Merchant Account providers are governed by industry standards for online casinos and other businesses that accept credit cards through a merchant account system.