In Sweden, the total revenue of the casino industry is predicted to get US$15.91m in 2022 and it also records a development ratio (CAGR 2022-2026) of 10.94%. That is leading to forecasted industry revenue of US$24.10m by 2026. Furthermore, the in-app purchase (IAP) income of the casino industry is recorded to get US$10.74m in 2022. And paid app income in the casino industry of Sweden is recorded to arrive at US$0.05m in 2022. Whereas, the advertising income of the casino gaming industry is expected to deliver US$5.12m in 2022.
Due to increasing growth in the online casino industry, most Sweden merchants prefer the casino industry to start an online business and generate more increased revenue.
To enable customers globally to play on their online casino website. They will need to acquire a casino payment gateway Sweden. So, let’s discuss all the aspects of a casino payment gateway.
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Functioning in the online casino industry, one of the major decisions an online merchant has to make is to prefer a casino payment gateway solution. An online casino payment gateway refers to an online gate between the merchant and the customer. It acts as a mediator who transmits the payment details of a customer to the merchant and processes the online payment after the complete verification procedure. It implies that receiving online payments from across the world is impossible without a casino payment gateway. A payment gateway for online casino businesses allows customers to pay on online casino platforms via different payment methods and in their desired currency.
There are numerous payment service providers delivering casino payment gateway solutions with various features and benefits. But it is not easy to prefer the best casino payment gateway service for such an industry that has to face some complications during the payment procedures. So, let’s understand all of them below:
In the online casino industry, most businesses pay a higher amount of funds for security features.
Because the security of customers’ payment details is one of the top priorities for any online business. During the pandemic, the ratio of online fraud has extended by 50%. Therefore, when preferring a casino payment gateway service. Then you must focus on how secure the selected payment gateway platform is and do they provide the essential security features.
As we already know, the online casino industry is considered a high-risk industry. It implies that such type of online casino businesses has to encounter multiple problems when going to withdraw funds from a bank account. Moreover, most payment processing solutions have limitations on the payment processing volume.
For every high-risk industry, there is the highest volume of chargebacks set for online businesses. Excessive chargeback volume drives online businesses toward the loss in the business revenue. Chargebacks are often caused by fraudulent activities. So the preferred casino payment gateway Sweden must deliver top-level security and fraud prevention tools.
Based on the above-mentioned complications, we have gathered for you a list of some primary benefits that can help you in overcoming these problems. Let’s go through all the essential benefits of acquiring the best casino payment gateway platform:
Customer security and protection are one of the primary benefits an online casino payment service provider that must deliver with the payment processing. You will get multiple state-of-the-art security features and fraud prevention tools to secure your customer’s payment platform. And it also gives assurance of protected payment details.
At your online casino platform, people from across the globe should be able to play at your online casino website. And execute online payments by using the most suitable payment method. So, you will get a wide range of online payment methods at our casino merchant account.
If you have a limited number of transactions to process, it is not easy to operate your online casino business globally. Because if you have a limit on transactions, you will not be able to process a large number of transactions. You will get unlimited transactions with an online casino payment gateway.
You will get numerous online payment methods to facilitate your customers to pay via different payment methods, both local and global. By acquiring an online casino payment gateway. You can receive online payments performed via different payment methods.
The preferred casino payment gateway solution must provide online casino businesses with the expert customer and technical support available 24*7 that will immediately fix all payment-related issues.
There are no universal factors to selecting a payment service provider and an online casino payment solution. Every online casino merchant prefers the one that is suitable for your global customers and delivers fast and smooth payment processing with 24*7 technical help. And assist you in expanding your business globally by delivering the best casino payment processing solution. However, you can operate your online casino business effortlessly with WebPays’s payment processing solution.
Operating your online casino business globally will require multi-currency payments significantly because customers from different countries prefer their native currencies. If they are not able to pay in their desired currency, maybe they quit the payment platform. And that can lead to a decrease in your customers and reduce your business revenue. So, your online casino payment platform will have to deliver a multi-currency acceptance feature. And you will only get this benefit for your casino business by preferring a casino payment gateway for your online casino businesses.
After pressing the “Pay” button, the payment processing system diverts the online gamer to the most secure payment processing platform to submit the payment details.
When the online gamer has entered the payment details and then the verification part will be conducted. After that, the payment processing system sends a request to the acquiring bank which plays an essential part in the global transaction. It will ask for the payment details from the issuing bank. And that will verify whether the card details are correct and whether the customer’s account has enough funds in their account to execute the online payment.
If all the payment details are verified correctly and transferred it to the acquiring bank. And that transfers the payment details to the payment processing platform. After that, it transmits a notification to the merchant’s website that the online transaction was executed.
To get credit card processing service for your online casino businesses. The online merchant needs to contact a global payment solution provider that serves the online casino industry with the global payment gateway services comprising credit card processing solutions. Because most acquiring banks have some stringent regulations for this specific industry and which is quite problematic for online casino businesses. So, acquiring a payment service provider would be a great choice to allow your customers to pay via credit cards and accept card payments from around the globe.
Businesses running in the high-risk industry, such as online casino businesses have more chances of fraudulent activities. So, it is significant to acquire a payment processing solution with advanced security details and fraud-prevention tools. These tools analyze all the payments and block all suspicious online payments. And that can lead to a secure online casino platform and deliver online gamers a fraud-free payment environment. Moreover, it will also verify all the payment data to deliver top-level security to your online gamers. Hence, if you want to run your online casino business securely and effortlessly. So, an online casino payment gateway plays a significant role.
If you want to run your online business in the casino industry with numerous benefits. And looking for a completely secure casino payment processing platform for your online business? Then you will have to contact a reputed payment service provider in Sweden to set up a full-fledged casino payment gateway solution. And as per our suggestion, we recommend WebPays for the best payment processing platform.
WebPays is one of the top payment solution providers that serve high-risk businesses with the most reliable and secure casino payment gateway platform Sweden. Now you are thinking about how can you connect with us easily. However, it is very easy to get in touch with us. You can visit our official website by clicking here WebPays.com. You can also drop us a mail with your business structure and payment requirements. Our payment expert team will get in touch with you in a very short span and suggest you the most suitable payment processing platform with top-level security features. We will also help you in expanding your online business globally and enhance your business potential.