Gambling Payment Gateway Kenya
To run your online gambling business worldwide, gambling payment gateway Kenya will be the top priority for gambling merchants.
The Kenyan gambling industry is one of the most evolved in Africa and is absolutely in the top three, along with South Africa and Nigeria.
Kenya’s gambling industry is recently worth $40 million, and its revenue is predicted to grow even more. At that time, 57% of the entire population stated they have involved in some sort of gambling for a minimum of one time. Whereas, 47% were involved in it up to once per month. Furthermore, 10% of the complete population place bets every single day.
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The revealed data indicates that Kenyan gamblers risked about 180 million individual bets in one month. Kenya has an adult population of almost 35 million, as per 2019 population census figures removed by the Kenya National Bureau of Statistics (KNBS). The average amount bet per gamble was Sh170 (Euro 1.30).
Online gambling business is sensed as a high-risk procedure. Why?
Yes, it is true that the online gambling business comes in a high-risk industry due to the following reasons:
- Illegal process
- Possible legal issues
- The threat of gambling practices
- Excessive chargeback volume
Payment service providers are responsible for ensuring that they do not provide gambling merchant account solutions to online businesses that offer prohibited services or where there is an advanced chance of legal problems. Even also an online gambling business must fulfill complete license requirements and function with legal terms. Most payment processors and banks strictly decide to stay away from these sorts of industries.
What does an online gambling payment gateway mean?
An online gambling payment gateway acts as the mediator between your gambling website and the payment gateway platform that receives online payments from your customers. The payment gateway platform transfers the customer’s payment information i.e., credit card number, and other payment details safely to the payment processor.
The gambling payment gateway is responsible for:
- Transaction details security
- Cybersecurity
- SSL (secure socket layer) data encryption
- Determining if the payment is permitted
- Operating 24/7, and processing online transactions at any time of the day or night
- Supporting different payment methods
- Operating with multiple currencies
- Offering business suggestions and reports in real-time (e.g. you can get the status of your transactions in real-time).
Why do you essentially require a gambling payment gateway?
To run an online gambling business globally, you will require a gambling payment gateway Kenya. Developing a payment gateway on your own can be challenging. Because you will need to research more to find out which is suitable for your business. There is also a lot of paperwork involved. And you will also require multiple authorizations that can change frequently from one region to the next. Apart from that, you will need an excellent coding experience with a lot of resources such as money, time, and effort. So, managing everything yourself can be more complicated.
For this reason, it is required to get an online gambling payment gateway from a reputed payment processor.
Preferring a gambling payment gateway solution can be more beneficial for you and your business in multiple ways. Such as, you will get fast and smooth payment processing, various payment methods, multi-currency processing, advanced security features, and round-the-clock customer support, all these features at very affordable rates without any extra charges. The primary benefit is that a reputed payment service provider handles all the headaches of your business and processes your payments smoothly and conveniently.
Why does a Gambling Payment Processing Platform play a significant role?
Payment processing platforms for online gambling websites are essential because they allow you to:
- Accept and process online gamers' deposits and withdrawals around the globe.
- Capable to offer multiple payment methods (e.g. credit card processing, BNPL (Buy Now Pay Later), eWallets, prepaid cards, bank transfers, etc.)
- Prevent fraudulent activities
- Control chargebacks
- Access the customer support team at any time, whenever you face payment-related issues
- Enable your global customers to pay in their desired currency
- Get real-time reporting of payment processing
- Integrate into the global gambling websites
Receiving credit card payments performed via standard credit card networks such as Visa, MasterCard, etc. And also other sorts of online payments at your online gambling website for enhancing both market stake and customers. Therefore, choosing an online casino payment gateway provider is necessary to make confident real-time processing of payments accepted from online gamers around the world a smooth and secure way. That can protect your buyers from fraudulent activities as well as your business from increased chargeback volume and other legal issues.
Moreover, a payment processing platform is essential for allowing your global gamers to play and pay at your online gambling website securely.
Conclusion
Looking for an ideal gambling payment gateway provider is essential if you need to ensure a smooth, secure, and fraud-free deposit and withdrawal procedure for your online gamers. As well as it also helps you in saving your gambling platform from fraudulent activities and chargebacks.
The more payment methods that you can make obtainable for your gambling business and the more beneficial features you can get with payment processing platforms you offer to your customers, the more targeted customers you want to attract to your website.
However, the most simple method to get access to local and global payment processing services is to finalize an online gambling payment gateway Kenya. And that you will get from reliable payment processors such as WebPays. WebPays is one of the top leading payment service providers having expertise in serving gambling businesses.
Drop us a mail to get numerous benefits from our secure and reliable payment gateway platforms. You can apply for a gambling merchant account by submitting an application form on our website WebPays.com.