- Online Payment Processors
- Online Casino Payment Processors Online
- Online Casino Payment Processors For Real
- Online Casino Payment Processors Online
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- Online Casino Payment Processors Official Site
Online casinos have been one of the biggest trendsetters across the internet based world. The technology that is used at online casinos has helped to drive forward many casual gaming sites as well as being part of the increase in mobile app development. In addition to this they have helped to make using e-wallets and cryptocurrency as a payment method a more viable option. While online casinos were not the first sites to allow these methods, their wholesale acceptance of them as a method has helped to jump start the increase in safety for these methods.
American Express is a secure online payment processor that is considered one of the most exclusive credit cards around. Finding an online casino that accepts American Express for both deposits and withdrawals is not always so simple, however, so we have compiled a list of those US facing online casinos that do. For merchants in the industry of online Casino and gaming are scrutinized more. If everything works well the processor made say yes to you for your casino merchant account. Apart from credit or Debit Card processing, merchants from this industry also used to echeck or ACH payment processing. Credit card processors are quick to terminate casino & online gaming merchant accounts when businesses can’t maintain low chargeback ratios. Merchant account providers don’t want to be responsible for funds that casinos and online gaming businesses can’t cover. Besides being able to accept payments both online and in person with the mobile GoPayment credit card processor, Intuit can assist you with payroll and calculating taxes. The most promising.
Traditional Payment Methods
While online casinos have been accepting of more modern payment methods, they still haven’t closed the door on more traditional methods. Credit and debit cards, wire transfers and in some cases even cheques are all available at online casinos as deposit and withdrawal methods. This means that if you want to use a traditional payment method you should be able to do so. You can always look at a site such as goldseasonscasino.com in order to find a casino that covers all of your requirements. Even though modern methods are becoming more popular all of the time, traditional payment methods still take up a significant chunk of the market, especially amongst older players who may not have access to an e-wallet.
Modern Payment Methods
Modern payment methods have moved forwards at an incredible rate in recent years. The two biggest processors on the market are without a doubt Neteller and PayPal. While PayPal have only recently started to begin working with online casinos, Neteller have been working with them for many years. At one point Neteller worked with 85% of the online casinos in the world! Despite this there are still some countries in Asia and Africa that do not allow online gambling or have extreme restrictions in place. Hong Kong, Singapore and Turkey based users all have restrictions in place that stop them from being able to make deposits to gambling based sites. While this is expected to be relaxed in time, it does limit the popularity somewhat for more modern methods.
The Future of Payment Methods
While it might look as though there is nowhere else for payment methods to go, this is not the case. There are still a number of countries that have large numbers of restrictions in place for online gambling, which is why there are a limited number of options for Canadian players. This is why a lot of online casinos are embracing the use of cryptocurrency based payments. This is actually a small step from using e-wallets as many of them, such as Neteller and Skrill, allow for customers to store cryptocurrency in them already. Because cryptocurrency is harder to trace than more traditional currencies, it may create a way for players in restricted countries to make a deposit without breaking the law. While only a small number of casinos have adopted cryptocurrency payments so far, it’s only a matter of time before they spread to the majority.
There’s no denying that when it comes to accepting and receiving payments, PayPal is the reigning champion. In fact, it’s the de facto online payment solution for online customers, freelancers, and business owners.
While people tend to love PayPal for a variety of reasons, technology has opened the door for a number of competitors to challenge PayPal by offering cheaper frees, faster transactions, and enhanced security. Here are 15 of those alternatives.
1. Due
Due made a name for itself through its innovative time-tracking and invoicing tools, which are especially useful for freelancers and small business owners. More recently, Due has allowed users to start accepting secure online payments for just a 2.7 percent transaction rate. Due also accepts global payments, which typically occur within two business days, as well as a digital wallet to send or receive money to anyone in the world instantly with little to no cost. It even has an e-bank where you can store your cash online.
2. Stripe
Stripe has fascinated users for the last couple of years with its powerful and flexible API. This means that you can tailor the platform to meet your specific needs, whether you’re running a subscription-based company or an on-demand marketplace. Stripe integrates with hundreds of other applications, so even if you’re not a professional coder, you can get up and running quickly. The lack of setup, monthly, or hidden fees is an added bonus.
3. Dwolla
Dwolla has similar features to PayPal when it comes to transferring funds, but thanks to its API, it focuses more on bank transfers, or Automated Clearing House (ACH) payments, so users can create a customized payment solution where payments are received within a day. Best of all, transactions are free.
Related: What You Need to Know About the 3 Biggest Global Payment Methods
4. Apple Pay
Online Payment Processors
If you’re a merchant, then it’s time to consider accepting Apple Pay. Transactions are faster and more secure, since Apple Pay uses touch ID confirmation. In other words, a customer can use their fingerprint to pay for their takeout pizza. Apple Pay is still relatively young, but don’t be surprised if the service will adapt to support older machines. Also, word on the street is that Apple is working on a P2P payments system within iMessage.
5. Payoneer
Payoneer is one of the oldest global payment processing services. It is available in more than 200 countries and accepts 150 different currencies. Receiving payments is free, and the platform includes a flexible API that grows with your business. Like PayPal, you can receive a plastic MasterCard if you aren’t ready to go 100 percent digital.
6. 2Checkout
2Checkout is another trusted payment platform that allows users to accept credit cards, debit cards, and PayPal globally. It’s available in 87 different languages, offers advanced fraud protection, integrates with hundreds of online shopping carts, and allows you to automatically bill customers with recurring billing.
Online Casino Payment Processors Online
Related: Big Banks Make Online Payments Easier for Business Owners
7. Amazon Payments
If you want to give customers peace of mind, then accept payments through Amazon. Whenever they make a purchase on your site, they automatically go through Amazon’s checkout. This means that they’ll use their Amazon credentials, which makes the checkout process more convenient and trustworthy.
Online Casino Payment Processors For Real
8. Square
Square changed the game when it introduced its magstripe reader, allowing business owners to swipe credit cards anywhere for a 2.75 percent transaction fee per swipe. However, you can also send electronic invoices, and ultimately get paid, through the Square Cash App.
9. Payza
With this popular service, you can send or receive payments from anyone in the world in just a matter of minutes. It also has a cool and easy-to-use interface, offers a robust and unique security system, and provides dedicated support—and it’s free to sign up. What’s most interesting about Payza is that on top of receiving and withdrawing funds from a bank account and credit card, it also accepts bitcoin.
10. Skrill
Skrill has become a popular alternative to PayPal thanks to features like instant withdrawals and deposits, low transaction fees, exclusive offers, the ability to accept from 40 currencies, and being able to send text messages directly from your account. If you refer a friend, the company will put 10 percent of the fees they generate from paying or sending money into your Skrill account for an entire year.
Related: How to Cut Transaction Costs on Customer Purchases
11. Venmo
Even though PayPal acquired Venmo, the fundamental principles are different between the two. PayPal is used for making simple transactions for either personal or professional purposes. Venmo is used by individuals who consider themselves social spenders. In other words, it’s like a hybrid of PayPal and a social network like Facebook, since transactions are shared on an online feed. So whenever a friend pays back a friend, it’s shared publicly.
12. Google Wallet
Once known as Google Checkout, Google Wallet is an online payment service that allows users to send safe, simple, and speedy money transfers from their browser, smartphone, or Gmail account. You can store credit cards, debit cards, loyalty cards, and even gift cards to your account.
13. WePay
WePay prides itself on its top-notch customer service and fraud protection. Merchants, however, like the fact that customers can make their purchases without having to leave their site, thanks to a virtual terminal. WePay also offers Know Your Customer collection and risk management and can be used for invoicing, event ticketing, and marketing automation.
Online Casino Payment Processors Online
Related: How Square Is Helping Businesses Save on Transaction Fees
14. Intuit GoPayment
Online Casino Payment Processors Login
Intuit is almost indispensable for a small business owner. Besides being able to accept payments both online and in person with the mobile GoPayment credit card processor, Intuit can assist you with payroll and calculating taxes. The most promising features is the low monthly rate of $19.95, which only charges a 1.6 percent charge for credit card swipes, as opposed to the standard 2.40 percent rate.
15. Authorize.net
You can’t leave out Authorize.net. After all, it’s been processing payments since 1996! It’s also the Internet’s most widely-used payment gateway and has been the recipient of the Achievement in Customer Excellence (ACE) award from 2008 to 2016. Even though the company has been around for twenty years, it stays current with trends, like being able to accept Apple Pay. No wonder the company is so widely regarded!
Today, online businesses have more payment platform options than ever before. Each platform comes with its own advantages and fallbacks, and it’s up to you to find out which is best for your business. Which payment platforms have simplified your business transactions in the past? Which platforms do you plan on trying?
Online Casino Payment Processors Official Site
Screenshots taken on 11/15/16
Editor's note: Due is a content partner of Entrereneur.com.