Online Poker Merchant Account

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 Introduction


Holland had a long history of gambling when no written rules or regulations existed in the world. In the counterculture era, the Netherlands established a legal framework for gambling and made it legal. As soon as modern technology, such as computers or phones, was invented, new ways of gambling also emerged. Nowadays, online gambling, especially casino games and poker, is one of the fastest-growing entertainment mediums in the entire world. Online poker has become a popular form of entertainment, with an increasing number of people turning to online gaming platforms. According to ZionMarketResearch, the global online poker market size is expected to reach USD 237.5 billion by 2030, with a CAGR of 13.5% from 2022 to 2030. As the online poker industry grows, so does the need for secure payment processing solutions. This is where an online poker merchant account comes in.


Key Points


⦁ The global online poker market will reach USD 237.5 billion by 2030, with a CAGR of 13.5% from 2022 to 2030.

⦁ In the Netherlands, both brick-and-mortar and online gambling are legal and regulated.

⦁ Banks and FIs do not provide merchant accounts and payment gateway to poker websites and apps.

⦁ Online casino & poker businesses are considered high-risk, so they need a specialized high-risk payment processor. 

⦁ WebPays is the best high-risk merchant account provider in the Netherlands.



What is an Online Poker Merchant Account?


An online poker merchant account is a payment processing account that allows poker platforms to accept and process payments from their players. It's a specialized merchant account designed for online gaming and gambling businesses.


Unlike regular merchant accounts, online gambling merchant accounts are considered high-risk because of the nature of the business. Online gambling has a higher incidence of chargebacks and fraud, which makes it riskier for payment processors. Therefore, traditional payment processors often decline to work with online poker platforms.


However, some payment processors, such as WebPays, specialize in high-risk merchant accounts, including online poker payment gateways and merchant accounts. These payment processors have expertise in handling high-risk transactions and offer secure payment processing solutions that meet the unique needs of online poker businesses. They have some unique features to eradicate the chance of fraud and chargebacks in the high-risk online poker industry; we will see them in the next paragraph.


Features of an Online Poker Merchant Account:


A poker payment processor should offer as many features as possible in order to provide a hassle-free payment experience. It should focus on safeguarding its merchants and providing services that can boost their revenue. We have mentioned some essential features that should be offered, which include:


⦁ Multi-currency processing: An online poker merchant account should be able to process transactions in multiple currencies to enable international customers to play on the platform.


⦁ Alternative payment methods: Online poker is being played worldwide, and each region, country and state may have different payment choices. So a PSP should offer as many alternative payment methods as possible. They include credit or debit cards, bank transfers, wire transfers, e-wallets, cryptocurrency and local payment methods.


⦁ High processing volumes: Online poker businesses often process large volumes of transactions, so a payment processor should be able to handle high volumes of transactions without any issues.


⦁ Fraud protection: Fraud is a common problem in the online poker industry, so a PSP should have robust fraud protection measures in place, such as tokenization, SSL, 3D authentication, CVV checkers, fraud scoring, and other futuristic tools to prevent fraudulent transactions.


⦁ Chargeback protection: Chargebacks can be costly for online poker/casino businesses, so a PSP should offer 3-tiered chargeback protection to reduce the risk of chargebacks.


⦁ Secure payment gateway: An online gambling merchant account should have a secure payment gateway that encrypts all sensitive information, including credit card details, to ensure the security of transactions.


⦁ Fast payouts: Online casino businesses need to be able to process payouts quickly and efficiently to keep players happy, so an acquirer should offer fast payout options.


⦁ Competitive processing rates: Online gaming businesses need to keep their costs low to remain competitive, so an online gaming merchant account should offer competitive processing rates to minimize transaction fees.


Overall, an online poker merchant account should be designed to meet the unique needs of online poker businesses and provide them with a reliable and secure payment processing solution.


How WebPays’ Online Poker Merchant Account is the best in the Netherlands?


WebPays is the best payment service provider in the Netherlands that offers online poker payment solutions that are designed to cater to the needs of online poker businesses. WebPays has all the features mentioned above, including multi-currency processing, alternative payment methods, high processing volumes, fraud protection, chargeback protection, secure payment, fast payouts, and competitive processing rates. Despite these, it has hundreds of other features that are only created to give you benefits. These characteristics give merchants many advantages, making WebPays the best choice for online poker businesses in the Netherlands. Some of the highlighted benefits are mentioned in the image below; please have a look:


Conclusion


Online poker merchant accounts are a vital component of the online poker industry. They provide a secure payment processing solution that enables online poker platforms to accept and process payments from players worldwide. As the online poker industry continues to grow, the need for reliable payment processing solutions will only increase. With WebPays specialized online poker merchant account, online poker platforms can provide a seamless gaming experience while ensuring secure and reliable payment processing. WebPays' online poker merchant account is the best option for online poker businesses in the Netherlands because it offers a range of features that are tailored to their specific needs. To know more, kindly contact us at www.webpays.com 


About WebPays


We are experts in the payments industry who build secure payment solutions and offer constant support to assist you in boosting your sales. WebPays aims to be the first choice for merchants when they require payment solutions. We provide the most reliable and trustworthy payment solutions to help your business grow. We expand the clientele of your business and take care of a lot more.


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