How to Obtain an online gaming merchant account hassle-free in the Netherlands?

 Owning a gaming business can be wonderful because you can introduce people to exciting and engaging world games. People can gather for friendly competition and enjoyment, allowing users to become millionaires within a night.

Today, online gaming industries are flourishing in the Netherlands. Many gaming platforms are opening because it is one of the most profitable businesses, but it is not always easy.

One of the most common problems merchants face while establishing online gaming businesses is obtaining an online gaming merchant account in the Netherlands. It is essential to have an online gaming merchant account because it allows the merchant to receive credit or debit cards payment made from their customers in the Netherlands.

The major problem is that you will be considered high-risk when you apply for an online gaming merchant account. The most merchant service provider does not offer their services to high-risk business. But, no need to worry because now it is possible to find an online gaming merchant account for your high-risk business in the Netherlands. You need to provide enough details regarding your business.

Continue reading this blog to learn more about the online gaming merchant account in the Netherlands.

Why is an Online Gaming Merchant Account High risk?

Many reasons make the gaming industry high-risk in the Netherlands and force merchants to obtain a high-risk merchant account. Let's check the reasons one by one.

The Turnover Rate is Too High -

Many customers join your gaming websites for a bit and then leave. It increases the turnover rate of your business.

Age Restrictions in Some Countries –

Before establishing your business as a merchant, you should do lots of research to know your target location laws because, in some areas, there might be rules about age.

The Subject Matter of Your Businesses –

The concept of "online gaming" varies by merchant service provider. Most service providers think about the sensitive nature of some of the content you offer, which is why they deny offering their services.

High Chargeback Rates –

Chargeback is one of the significant problems for most online businesses. Most service providers deny offering their services to enterprises with high-chargeback rates. Customers could request a refund if an unlawful transaction occurs on your website. It's possible that someone gained access to that person's payment account and bought something without their permission.

Your Services Might Offer Recurring Subscriptions -

High-risk entities include those that accept subscription-based recurring payments. You might manage a subscription-based program where customers pay every few weeks or months. If a customer discovers an error in a transaction, chargebacks may happen. Sometimes, payment may be returned to you because the customer needs more funds.

Fraud Activity -

Fraud is one of the most common problems in the gaming industry. It is an activity where players use incorrect data to pay at your gaming site. They might obtain various identifying details or credit card data, prompting a chargeback request. You would be responsible for any requested chargebacks because most credit card companies have a zero-liability policy.

The Addictive Nature of Gambling -

Gambling is one of the highly addictive businesses, and many customers are willing to spend lots of money on this. Sometimes they spend more than that effort. Because they pay too much for what you offer, they can overspend to the point where they need chargebacks.

Unusual Marketing Methods -

Given how fiercely competitive the gaming industry is, you might take in pay-per-action or affiliate marketing. Companies that employ these marketing strategies are frequently high-risk organizations. Due to this reason, the gaming business is high-risk in the Netherlands.

How to Resolve the Issues?

Obtaining an online gaming merchant account in the Netherlands is not a big deal. Still, there is a chance that you can get an online merchant account for your gaming business in the Netherlands. Here, we will discuss some points you must start working on to increase the chances of approving the online gaming merchant account in the Netherlands.

Share Full Details on How you Collect the Funds from Players -

The merchant needs to provide full details regarding credit card transactions. As a merchant, you must have a good history of handling cards.

Proof of Your Business Locations and its Legal Operation -

Before applying for an online gaming merchant account, arrange all the necessary documents with proof. Also include the documents that show your location's evidence. You must have a proper license for your gaming business in the Netherlands. It will increase the chance of approving the online gaming merchant account.

PCI Standards are Compulsory -

All online businesses accepting credit card payments must follow all the PCI standards. Along with the PCI, you must have proper firewalls and antivirus protections.

Data ID Standards for all the Customers -

By using the correct data ID rules, you can demonstrate that your company can manage consumers effectively. This work entails requesting client identification documentation and using multi-step verification criteria. People should be encouraged to join because they will believe their data is safe with you.

Create a Transparent Contract System -

Every business has rules that each client must follow. You can create an online contract system where everyone knows what to anticipate. Your success depends on how transparent you are with your clients regarding their experience on your website.

Excellent Customer Service Department -

Customers will only trust you if you offer excellent customer service. It would help if you also showed your merchant service provider that you are always ready to solve any disputes that might develop. It allows you to reduce the chargeback.

Why Choose WebPays as your Online Gaming Merchant Account in the Netherlands?

Nowadays, you can get many service providers, but only some fit your business needs. So, without wasting any time, we recommend you choose WebPays. It is one of the leading service providers with lots of experience dealing with high-risk businesses like gaming.

We offer many benefits which help gaming merchant run their high-risk businesses. We need three to five working days to approve your online gaming merchant accounts with all the proper documents. As we deal with high-risk businesses, security is our top priority. We offer futuristic security tools like anti-fraud, chargeback, etc., to protect you and your customers.

We also allow the merchant to accept various currencies and most credit cards from all over the world. Along with credit cards, players can also prefer alternative payment methods like mobile, local, e-wallets, and cryptocurrency.

To learn more about our services, you can contact our expert team. Feel free to contact us anytime to learn more about the online gaming merchant account in the Netherlands.

Conclusion 

Gambling is one of the most popular businesses, with daily billions of dollars in revenue. Still, it is essential to have an online gaming merchant account with experience that can easily understand your requirements and offer you the best possible solutions to run the gambling industry successfully.

Our highly experienced and skilled team of payment service providers have deep knowledge about the challenges with your businesses, so we, as "WebPays," offer you the best possible solutions at the best rate in the market.

We are here to help you, so contact us to obtain an online gaming merchant account in the Netherlands.