Gambling Payment Gateway Paraguay
The National Gaming Council Of Paraguay (Conajzar), the gambling regulatory system in the country, declared that it increased by 69.404 million guaranies, almost US$10.1 million, in the first six months of the year 2022, as an outcome of the various activities in the industry.
In its statement, presented by the Paraguayan media 5Dias, the member declared that the pool game donated 48, 848 million guaranis, about US$ 7.1 million, which shows 70.4% of the complete value.
At the same time, the online casinos donated 6,808 million guaranis (US$ 990,000), which coordinates to 9.8% of the entire amount; and sports betting, 5,442 million guaranis (US$ 791 thousand), 7.8%. Furthermore, tele-bingos increased by 4,244 million guaranis (US$ 617 thousand), 6.1%, and online games contributed 1,556 million guaranis (US$ 226 thousand), arriving at 2.2% of the complete amount.
Online Gambling Market Performance in Paraguay
For collecting the data of the complete monthly distribution, Conajzar states that, in January, it acquired 11,795 million guaranis (US$ 1.71 million); in February 11,257 million (US$ 1.63 million); in March, 11,249 million (US$ 1.63 million); however, in April 11,879 million (US$ 1.72 million); in May 11,584 (US$ 1.68 million); and at last in June 11,637 million (US$ 1.69 million).
So, Conajzar declared that the funds gathered in 2022 showed a growth of 9.7% which resembled 2019 when 63,228 million guaranis (US$ 9.2 million) were acquired and that was the year before the pandemic. And during the pandemic, more people preferred online gambling instead visiting one physically. That makes online gambling most preferred in Paraguay. So, if you want to operate a successful online business in gambling then it can be the right decision. However, it makes the requirement of a gambling payment gateway Paraguay more significant to enable your global customers to pay at your gambling platform.
What is a gambling payment gateway Paraguay?
A gambling payment gateway Paraguay refers to software that connects merchants and customers on your online payment platform. A gambling merchant account is a specific merchant account made basically for merchants operating in the gambling sector. Yet, this sort of merchant account makes it feasible for gambling merchants to take online payments performed via credit cards just like any other typical business would. Therefore, the payment processing pricing structure may be bigger than a traditional one of a gambling merchant service.
How a suitable gambling payment gateway provider can make a huge difference?
If you are functioning in an online gambling business then it is obvious you will face some complications during payment processing. But don’t worry about it and don’t take it as a burden on your business. Because with the right support, all the risk factors can be controlled with adequate expertise. Also, ensuring that your business is running smoothly, your reputation is enhanced and security requirements are satisfied.
An excellent gambling payment gateway provider that has experience in serving online gambling businesses can offer payment processing solutions at affordable prices and help you to manage the costs of a high-risk merchant account more efficaciously. Hence, they can deliver support in maintaining high-volume traffic prices that the acquirer will accept and be ready to go live.
The average transaction volume per customer in the online payments industry is registered at the amount of US$ 1,269 in 2020 and it is assessed to reach US$ 38,706 in 2024. Source – Statista.com
Below are some of the benefits you can get with our gambling payment gateway services that can assist your online business in many ways:
Great expertise and secured payment details
You will get complete knowledge of payment processing solutions with our gambling payment gateway solution because we are experts in serving gambling businesses. You will also experience secured transaction details at our payment platform as we understand the significance of the security of customer information completely.
Customized Payment Processing Solutions
We deliver various customized payment processing solutions as per your business requirements. You can add efficient credit card processing solutions and a variety of alternative payment methods (APMs). You can also customize your payment processing platform according to your targeted markets and customers.
Risk control capabilities
You will get multiple technical features that can help you in controlling high chargeback volume and fraud ratios. That helps to keep your gambling website completely secure from fraudulent activities and excessive chargeback volumes.
Transparent cost structures
We will assure you about transparent cost structures. Because they can also support your gambling business in processing online payments without hidden charges. You do not need to worry about payment processing costs as our pricing structures are completely transparent and clear.
24*7 Excellent Customer Support
With our payment gateway solution, you will get 24*7 constant customer support. And it plays an essential role in online payment processing. It means you will get the solution for your every payment-related problem immediately.
Strict security features should be the first preference with more improved risk exposures
At our online payment platform, your online business will be furnished with many robust security features to make your payment platform more secure. It can also reduce the risk of fraudulent transactions that can lead to funds loss.
Multiple Payment Methods
We also deliver multiple payment methods with our gambling payment processing solution. So, your customers will be able to access various payment modes to perform online payments with the use of their preferred payment method.
Multi-Currency Transactions
If your business runs globally, then people from different countries cannot pay in any one currency. Different countries mean different choices of currencies. That's why we provide your customers with a multi-currency payment feature. So, that your customers can pay in their desired currency.
After acquiring a suitable payment processing partner like WebPays. You will get assigned to dedicated merchant account executives with great knowledge. And that can lead to a state-of-the-art gambling payment gateway Paraguay. Generally, an expert online payment processing service provider team will deliver expert payment solutions specified in payment processing, risk management, and chargeback maintenance.
How WebPays will be the best choice for online gambling payment processing solutions?
WebPays takes care of your payment's security and decreases risk levels. We have a network of multiple acquiring banks across the globe. Furthermore, they have secure associations with secure bank accounts to ensure funds are safe every time. By acquiring our payment processing solutions, you can also get the following advantages.
- Manage all your online global accounts through a single dashboard
- Customize your payment platform and add your brand name
- Multiple currency transactions
- Deliver a reliable customer and technical assistance experts service
- Real-time transaction management
- 2-factor authentication
- PCI-DSS compliant payment gateway
Conclusion
Risk should get prevented, not neglected. And a payment processing partner such as WebPays can help you in performing just that. We have knowledge of marketing with high-risk industries such as online gambling and we also help in gambling merchant account processing. Furthermore, supporting businesses categorized as high-risk to boost sales and meet compliance requirements while evading financial and reputational damage. Similarly, our experience, understanding, and customized payment gateway solutions enable us to support you in delivering a seamless payment processing experience to your global customers.
If you are willing to get some extra knowledge on gambling payment gateway Paraguay solutions and process all global payments securely. Feel free to reach us anytime. Otherwise, if you’d like to examine your business necessities with an administrator of our experienced payments team. Visit our website and fill out an application form, our team will get back to you as soon as possible.