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An international payment gateway accesses and transmits the payments and it performs this action between a customer and an acquirer. Firstly, it confirms a customer’s card details and checks if enough transaction amount is available. So it can forward to you (merchant).

We can call a gateway a gate between a consumer and merchant account.

It is called a broader international payment method and that is now obtainable for businesses.

What is an International Payment Gateway?

An international Payment Gateway is a way that permits merchants to receive payments via accepting cards or digital payments. An international payment gateway assists in preserving the eCommerce business flowing.

For abiding orders from any location in the world, you will require an international payment gateway. By having an international payment gateway, merchants can market their products or services globally.

Being a merchant, you can process and manage all your transactions with APMs (Alternative Payment Methods).

Types of Alternate Payment Methods:

eWalletsDirect DebitBank transferBuy Now Pay Later (BNPL)In-app Payments (Paytm, UPI, etc.)

These payment methods are distinct from anything which you can classify traditionally such as paper cash or debit/credit card.

How do banks evaluate a business at high risk?

Banks don’t just calculate risk so smoothly. Even, there are various factors that they examine to view the type of risk that their respective partners may encounter.

Industry Type. Some industries are recognized as having a tremendous risk than others. These include travel, automotive, tobacco, online gaming, etc. Businesses like these can experience many fraudulent actions, they also have a high volume of chargebacks. It is the most common aspect banks look at before linking up for a merchant account.Card-Not-Present Transactions. Any business running online will require to receive card information rather than the actual credit card. These card-not-present transactions make a merchant supervise chargeback when people try to use someone else’s card details. If you are getting an international merchant account to receive payments online, this results in a prominent risk.Business Reputation. This affects according to the matter, so it is crucial to enhance your performance. Businesses that have prestige for high ratio chargebacks that appeared by mistake are more likely to get refused by some banks. Normally, businesses need to manage a chargeback ratio of 0.9% or less of their total number of transactions.Credit Score. As a business, your credit score allows lenders, banks, and other financial institutions to monitor where you are and how well you can complete your financial responsibilities. Chargebacks and fraudulent moves can let down your credit score and underestimate the chances of getting authorized for a merchant account.

Which is the best international payment gateway?

It relies on your business prerequisites and what you want to deliver to your customers.

And all the best payment gateways permit consumers to pay on your platform securely. They will also give you a flawless and dedicated user experience.

And here are some aspects on which you can select a payment gateway. You will require an international payment gateway technique that gives you:

Confirmation from customers when they are spending on your platform.Reasonable and adaptable payment strategies that will not bother your business’s budget.Admiringly securedObey both Domestic and international financial constraints and restrictionsDelivers a method to expand internationally in the futureFaith from international buyers of your stores.

The process of an International Merchant Account

An international payment gateway obeys some stages to meet the customer’s transaction.

First, a customer selects the product/service they want to get. And that reaches them to the checkout where they will have to enter their payment details.As we know, the customer is ordering online. So, their details will sent to your web servers after encryption.After that, the encrypted data will transmit to the payment gateway.At this moment, the transaction details are sent to your respective bank and then to the card association (like Visa, Mastercard, etc.).Then the bank receives the data and performs some security and fund checks.After that, the bank sends the transaction details to your payment gateway, which forwards the data directly to your website.Then from the website, the data will process and then sent back to you and the customer.And if the fund is available. The transaction will be completed and the funds are transferred successfully.

Contact Amald

Amald provides a payment gateway also for international and multi-currency accounts. And we will always provide you with our best services and 24*7 assistance. We will also give you better business ideas to increase your income and a better hike in your business.

Feel free to contact Amald anytime. You can reach us via mail.

Secure solution through an Online Casinos Account

The need for a casino merchant account is on the rise due to the rise of online casinos worldwide. The present generation is grasping the information in the technological world around us and at the same time is searching for a way to earn money through it.

Online Casinos are quite common because they let you gamble and bet online from your home. Amald offers ample secure solutions for an Online Casino Merchant.

Handle your Pay-Outs via Online Casino Accounts

Being in a business can be tough for huge payouts. What is more tiresome is some banks put a volume cap on the monthly transactions. Even some of the merchant and payment service providers put a transaction limitation. In a casino, the consumers deal in small to huge money transactions daily. Therefore, Amald makes sure that there are no limits to the monthly transactions to help you freely carry out your business.

Secure your industry with Amald

Security plays a vital role in shaping up a company’s long-term state. Simply put, frauds, scams, and hacks can degrade a company’s reputation in the market. Chargebacks also hamper the company’s profile.

Thus, opting for a secure solution for your business is a necessity today. Amald provides 3DS and Non-3DS payment processing channels for your Online Casino Merchant Account. 3DS payment gateway possesses an additional third layer of security to protect the transactions. Whereas a 2D payment gateway seamlessly offers quick transactions.

Multi-Currency Options for International Payments

A global reach is a need for every company as the internet provides ample opportunities to every business. And to reach different countries means different currencies to be accepted.

Accepting multiple currencies is easy with an offshore merchant account and a payment gateway from a trusted payment service provider like Amald. Accepting major currencies and across the world grants your business to spread faster and provide better convenience to the consumers.

Necessary Offshore Merchant Account

Tax deductions may hit you hard on the face. Moreover, there are other rules and regulations for your business to follow in your country. Therefore, Amald offers offshore merchant account so that you can enjoy the least tax deductions and favorable rules and regulations. An offshore merchant account provides more value as you are already in control of multiple countries.

Fraud checking device for safe business

PCI-DSS Compliance, authentic SSL certifications are some of the tools that are found beneficial against frauds. Amald is equipped with such tools to ensure that your business is fit for the consumers outside.

Our Payment gateway is compliant with the necessary tools to encourage end-to-end encryption of data. We take extra care that no sensitive data of the consumers is lost in the process of payment.

eCheck payment processing

A high-risk payment gateway that enables users to pay through eChecks is important as eChecks are rising in popularity. It is a hassle-free payment mode that people prefer. Though many merchants suggest it is quite risky, yet, various security protocols keep the data safe and the money secured.

Debit and Credit Card Processing

Credit cards are still one of the most preferred modes of payment around the world. It is because of the ease of payment and reliability of a credit card. Therefore, Amald has dedicated Debit and Credit Card Processing in the High-risk Payment Gateway that you buy for your business.

Chargeback Management

Chargebacks are quite common in high-risk businesses such as Online Casinos. Therefore, you need a payment service provider that has dedicated chargeback management.

The screening process of the payment gateway takes out the baseless chargebacks and only the critical ones are screed to let through. It is a cost-efficient feature for your business as it will keep the chargebacks in check and steadily increase your credit score.

What Amald offers your Online Casino Business?

Amald’s world-class services will boost the business sales to a new limit. There is a huge number of benefits that will uplift the convenience of the consumers. The payment processes are not your worry anymore. We will undertake all the processing through the High-Risk Payment Gateway that we offer.

Whether it is a loaded payout or consecutive small amounts, it is no more a worry for your business. Payment processes for your business will now be hassle-free and seamless.

Conclusion

Bringing things to a close, it is quite necessary to bring in the information that a merchant account is solely responsible to accept online payments. However, a payment gateway is a channel through which the payment is processed to your merchant account.

It is crucial to get the best online gaming payment gateway for your online gambling business. The online betting, bingo, and casino sector accounted for yearly earnings of £5.8 billion in the UK alone in the year 2020. But the industry is also competing with an increasingly strict regulatory environment.

The risks assessed with online gambling can make it complicated for betting online. And also for authorization to accept online payments in gaming businesses. On 18 April 2020, the UK Gambling Commission restricted consumers from using credit cards to gamble. However, reporting public safety is a key aspect of the decision. In this blog, we will explain how you can find and successfully apply for an online gambling payment processing account.

We’re specialists in merchant accounts and card processing for high-risk businesses. And can deliver advice and support to help you find the right solution for your needs. For an online gambling payment gateway, you will have to fill out our short form here.  

Why Does a Gambling Merchant Need An Online Gambling Payment Gateway?

Online casinos and other gambling businesses frequently face complications when applying for a merchant account or payment gateway. This is in part because payment service providers normally consider online gambling to be a high-risk industry.

Providers of payment solutions establish their assessment of risk within the online gambling industry on the following aspects:

·        Complex Restrictions. Gambling is a heavily restrained industry. That means merchant acquirers and payment gateway providers must concede to a sort of legal requirements to deliver their services to online betting and gaming firms. 

·        High Chargeback Rates. Gambling websites usually struggle to specify chargeback rates. In certain cases, gamblers will renounce charges after making a loss.

·        Fraud and Money Laundering Risks. Money laundering, fraud, and individuality theft are all key problems within the gambling industry. And it can be challenging for online casinos to execute the essential Know Your Customer (KYC) inspections that merchant services providers need.

·        High Transaction Volumes. High numbers of website visitors and payments make it hard for payment solution providers to actually observe all transactions for fraud.

As an output of these characteristics. Many businesses are facing difficulties getting approved by online casino payment processing providers.

How Can Gambling Websites Abide Online Payments?

There are numerous steps that online casinos and gambling merchants must abide by to take online payments over the internet.

Firstly, they will require to get a high-risk merchant account. These are bank accounts that permit businesses to take customer payments by using debit cards and various other methods.

When a customer deposits funds into their online gambling account. The money will originally be deposited into a merchant account before it is transmitted to your business’s bank account.

Secondly, gambling companies will also need a payment gateway to manage online transactions. Merchant account providers often supply payment gateways. But some businesses like to use a more specialized provider and apply for a third-party payment gateway that integrates with their merchant account provider. 

Payment gateways link your merchant account and a customer’s bank. This allows the funds to flow into the merchant account. And then onto your business bank account after the payment is established.

How to Find the Suitable Merchant Account for Your Online Gambling Business

When selecting a high-risk merchant account provider for your online gambling business, it’s essential to evaluate the following factors:

·        Industry Experience. A merchant account provider that already works with online gambling operators may be better prepared to manage the challenges that your business faces. They may also have a better knowledge of your business’s risk profile. So, that they can potentially enhance your chances of getting sanctioned.

·        Favorable Fee Structures. While high-risk merchant accounts usually come with higher monthly fees compared to standard merchant accounts. Fees will vary immensely between providers. It is essential to shop around and bargain prices (or use our help to do this for you). The rates merchant account provider delivers you will be especially impacted by the sector you function in as well as your distinct transaction volumes. (higher volumes typically direct to lower transaction fees).

·        Efficient Customer Service. When performing in a high-risk sector. It’s crucial to partner with a merchant account provider with excellent and convenient customer service. Gambling businesses probably do not have time for an email conversation. If they have technical matters with their payment processing provider. So look for a partner that presents round-the-clock customer support over the phone.

Things to Examine For an Online Gambling Payment Gateway

When examining the best online gambling payment gateway. It’s essential to check the elements offered by payment service providers with the necessities of your business.

The following attributes are some of the most necessary things to consider for selecting an internet gambling payment gateway provider:

·        Multiple Payment Methods: It’s crucial for your online gambling website to receive various payment methods. Since you are restricted from accepting credit card transactions in the UK. Most payment gateways make it possible to accept payments by debit card, cryptocurrency, digital wallets, and PayPal. You should also look for a payment gateway that enables transactions in many currencies if your business functions with international customers.

·        Quick Transfers: Gambling websites need to make payment processing simple if they desire to retain customers. Payment gateways with quicker processing times make it more convenient for your customers to gamble. Ensuring that you don’t misplace out to opponents.

·        Lower Fees: You should ideally pick a payment solution that creates the most influential glow on your turnover and margins. You shouldn’t disregard off-shore providers as they may be capable to deliver competitive rates.

·        Robust Security: Your gambling platform must maintain the trust and faith of your customers by maintaining their funds and financial data safe. Many payment processors equip their solutions with systems that automatically detect and control fraud. And making it more comfortable to restrict chargebacks.

·        A Robust Compliance Record: To secure constant service and avoid legal matters. Your online betting firm should strive for a payment services provider with a starry compliance record that has vast experience with the distinctive issues that the gambling industry encounters.

Wrapping Up

 Last but not least, an online gambling payment gateway is becoming essential for an online business to expand potentially. And provide customers with the best payment services. Moreover, a fast, reliable, secure, and easy integration payment processor can help your customers in saving time and effort also.