Famous Payment Gateways used by Gaming Companies
Payment gateways have become synonymous with banks.
10:29 06 September 2021
It is a service provided by an enterprise that facilitates the sending and receiving of money through credit cards, debit cards, and other forms of banking transactions. Business, tutorial, and video gaming websites such as judi online often provide different kinds of payment gateways on their website for ease of payment.
Not every payment gateway is safe and secure. Any problem in your preferred gateway can cause serious losses to your business as 80% of the customers do not come back to a website where they had an unsatisfactory experience.
An unverified transaction or any glitch should be avoided at any cost for establishing a positive reputation among your customers.
Payment gateways are like another application and are susceptible to It related problems. Therefore, certain factors must be considered before calibrating a payment gateway on your online store.
- If the transaction fee is high, it might not be a viable option for you. Also, make sure that a very nominal fee is charged on every payment received by you.
- If a payment gateway asks about any personal information such as your Facebook password, it is likely to be fraudulent. Avoid such payment gateways.
- Payment gateways like PayPal support multiple currencies. It is good for enterprises operating in different parts of the world.
- Make sure they do not have a limitation or restriction relating to your course of business such as some of them only facilitate payment for transactions where the subject matter is tangible goods and not services.
- The payment gateway should accept major credit cards and debit cards.
- If it requires users to take any survey or subscribe to a newsletter, it might be planning to execute a social engineering scam. Beware of such tactics.
Here is a list of some safe and globally accepted payment gateways.
PayPal was launched in 1999 after developing further since its inception in 1998. It doesn't charge any fee from buyers and has become a globally accepted payment gateway. It accepts both credit cards and debit cards.
Business owners are charged a simple fee of 3.4% + USD 0.30 when payment is done through Credit Cards. PayPal is every store owner's most preferred payment gateway as it doesn't require any setup fee or subscription charges. Business owners are charged a fee only when a sale is made. Around 350,000 websites are powered by PayPal as their payment gateway around the world.
2. Amazon Pay
Jeff Bezos is not leaving any stone unturned to make Amazon a brand that can do anything. Amazon Pay is a payment gateway exclusively designed for merchants operating and listed across Amazon.com. It facilitates transactions in 8 countries and is the easiest and fastest mode of payment. However, shoppers and merchants have to make a different account for making payments.
It is designed in a way to enhance customer experience and customer satisfaction. Merchants can track sales made by them and its internal mechanism helps suggest a product to potential customers to the benefit of both buyers and sellers.
It also operates globally like PayPal. The interface of the payment gateway is tweaked for localised payment options and regularisations established by the banking institution of the respective place. It supports and accepts payment done through various modes.
The US-based payment gateway supports 50,000 businesses around the world and deals in 87 different currencies. It comes in 15 languages and has been built on the security of Level 1 PCI data security standards.
It can perform certain banking options as well among other functions that are proffered by its competitor payment gateways. It can process and verify an e-check. It works just like a card swapping machine and users need not install an application or set up an account to make payments through Authorise.Net.
Around 370,000 enterprises are supported by it globally. It provides other features such as managing recurring subscription plans, customer behaviour manager, state of the art fraud and cyber threat detection firewall.
It operates in 190 countries with a plethora of 22 language options to choose from. Headquartered in London, the payment gateway also facilitates receding and sending of cryptocurrency, bitcoin. It supports 25 global currencies having over 9 million users. Both business and private accounts can be managed through Payza.