Gambling has been a popular pastime in Finland for many years. This hotbed of technological innovations is the home to some of the best online casinos worldwide. However, with the rise of online gambling, the country has seen a significant increase in the number of people participating in online betting activities. In such a case, to accept a large number of payments from gamblers, merchants need a gambling payment gateway and merchant account.
According to a survey conducted by the Finnish Institute for Health and Welfare (THL) in 2021, around 78% of Finnish adults have participated in at least one gambling activity during the past year, which is one of the highest figures for gambling in Europe. The most popular forms of gambling in Finland include the national lottery, slot machines, online casinos, poker, and sports betting.
In Europe, the online gambling market is growing rapidly, with a market size of approximately €25 billion in 2020. The United Kingdom, Germany, and France are the largest online gambling markets in Europe, with Finland occupying a smaller but still significant share of the market. Let’s see what it is in detail.
It is a digital account that allows users to deposit funds and participate in online gambling activities. These accounts are usually provided by online casinos or sportsbooks and can be accessed through a web browser or mobile application. Online casino providers have to obtain this account from a payment service provider, as banks and prominent payment processors do not offer gambling payment solutions due to several reasons. They consider online gaming a high-risk business owing to higher chargeback, higher fraud, a large number of tickets, the nature of business, etc.; this is why they do not offer their payment solution.
In other words, it can be understood that they do not have specific high-risk solutions for a particular industry. But a merchant need not worry because many payment processors offer industry-specific high-risk payment solutions in which WebPays’s payment solutions are ideal.
A gambling merchant account is a specialized account designed for online casino & betting operators. These accounts come with a range of features, including:
There are many benefits to acquiring a gambling merchant account, including:
WebPays is one of the leading gambling payment gateway providers in Finland, providing secure and reliable payment processing solutions for online gambling operators. Some of the key features of WebPays' gambling payment gateway include:
Besides these features, WebPays offers 24*7 customer support, a powerful dashboard, international card saving, real-time transaction monitoring, automatic transaction reconciliation, detailed payment reporting and many more useful features that are only crafted to make a merchant benefit.
In conclusion, the online gambling market in Finland and Europe is growing rapidly, and the demand for secure and reliable payment processing solutions is increasing. A gambling payment gateway and merchant account, such as the one provided by WebPays, can help online gambling operators improve their revenue, user experience, and security. We recommend you choose WebPays as your payment partner.
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 company flourish. Furthermore, we expand the clientele of your business and take care of a lot more
WebPays is an expert in high-risk payment solutions. We have created a number of merchant accounts and payment gateways that adhere to industry standards in order to give you the finest service possible. These are the other payment solutions:
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