Sweden Gambling Payment Gateway

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Are you an online gambling merchant?? And looking to acquire a gambling payment processor?? But tired of rejections?? Relax; you have reached the final destination.

Online gambling is one of the fastest-growing industries in Sweden. The revenue from online gambling already climbed to SEK26bn in 2021. In 2022 the industry’s earnings are expected to cross SEK33bn in Sverige. Many business owners are ready to take advantage of this lucrative market. If you are one of them, we wish you luck and are ready to provide you with the best gambling payment processing. A gambling payment processor completes the online payment with the help of these two payment services: A gambling merchant account and an online gambling payment gateway.

A gambling merchant account can be understood as a bank account in which gamblers submit money for betting. It allows merchants to accept, hold and withdraw funds from customers. On the other hand, a payment gateway gambling works as a strong middleman who transfers and secures the payment details. We will discuss the process and how it works. Also, we will see the features a PSP must have, but before that, let's know why the gambling business is considered high-risk.

Why is online gambling considered a high-risk business?

Numerous factors make the gambling industry high-risk, some of which we've included here:

  • Higher chance of chargebacks
  • Higher chance of fraud
  • Higher risk of money laundering
  • High volume turnover
  • Inadequate rules and regulations
  • A large number of transactions
  • International currency uses
  • A global clientele, etc.
  • Business Reputation
  • Nature of business

How does a Gambling Payment Gateway Work?

Let’s understand the process step by step:

Step 1:

The customer clicks on add money which directs him to the payment gateway page.

Step 2:

The customer needs to enter their card or bank details on the payment page;

Step 3:

After receiving the card details, the payment gateway encrypts them and performs other safety protocols.

Step 4:

After securing the details, the payment gateway transfers them to the issuer bank for confirmation and authenticity. It also confirms the availability of funds.

Step 5:

If the details match and the funds are available, the payment gateway proceeds with the transaction and sends requests to the customer’s issuing bank to initiate the transaction.

Step 6:

The issuing bank then sends these funds to the merchant bank, which deposits them into the poker merchant account.

Step 7:

Finally, the payment gateway notifies the customer and merchant about the success of the payment.

If details were not matched or sufficient money was not in the account, then notification of unsuccessful payment will be sent to the customer.

What to check while obtaining a Gambling Payment Gateway?

  • Selecting a payment gateway for your online gaming business could be challenging. Prefer a high-risk payment processor that can deliver your gambling firm consistent payments. An ideal payment processor's gambling payment gateway and casino merchant account should include the following features:
  • To safeguard its merchandiser from fraud, a gambling merchant account must adhere to the highest PCI-DSS standards and use fraud scoring, tokenization, 3D secure authentication, etc.
  • It must employ futuristic tools like AI and other cutting-edge mechanisms to stop wrong chargebacks.
  • A gambling payment provider should provide real-time notifications as well as a complete analysis of all online payments.
  • A gambling payment processor should accept all major international currencies.
  • Crypto payment gateway gambling should accept cryptocurrency-based payment options, wire transfers, credit or debit cards, and other online gambling payment methods.
  • The payment processor must disclose all fees.
  • Merchants should receive quick payment settlements from online gaming payment service providers.
  • A casino payment processing company should offer 24/7 customer and technical support.

Why should you choose WebPays?

WebPays is one of the top payment processing companies for online gaming in Sweden and other European countries because of its merchant-first culture. We have developed close relationships with acquiring banks all across the world. All of the previously mentioned features are present in WebPays. Furthermore, we have also created many more features to benefit our merchants. We offer top-notch security, giving you and your clients the safest possible payment environment. We can promptly settle payments for our merchants because we are the fastest payment processor.

Also, we provide merchant accounts and online gaming payment gateways to both regulated and unregulated businesses. Using WebPays as your payment partner has a lot of benefits. We give your consumers more than 50 different payment methods and currencies and offer our services in more than 100 countries.

About WebPays

We are experts in the payments sector who develop secure payment solutions and provide steadfast assistance to assist you in increasing your sales. When merchants need payment solutions, we want to be their top choice. The high-risk merchant accounts, international payment gateways, and credit card processing offered by WebPays are advantageous to all high-risk businesses. To support the growth of your business, we offer the most reliable and trustworthy payment options. We boost your company's potential, build your clients, and handle much more.

What do other Payment Solutions WebPays offer?

As mentioned earlier, gambling is a high-risk business and needs a high-risk merchant account created according to the gambling industry's needs. We created an account for the gambling business and named this account the gambling merchant account. Similarly, we have created several high-risk merchant accounts and payment gateways according to the industry's needs. We are Europe's leading high-risk payment processor that creates industry-specific payment solutions. These payment solutions are as follows:

Casino Merchant Account Fantasy Gaming Merchant Account
IPTV Merchant Account Forex Merchant Account
Escort Merchant Account Adult Toys Merchant Account
E-Cigarettes Merchant Account Tobacco Merchant Account

How to apply?

Click this link (https://webpays.com/applynow.php) to apply now and complete the form. Our team will contact you for additional paperwork. Please have the following documents available so that your application can be processed quickly:

  • Complete details of Business
  • Website or App of your Business
  • Contact Information, such as email, phone number, and address
  • Details of Business owner
  • Address proof of Owner and Business
  • Documents of business partnership
  • Last three months’ business bank statement