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Posted by House of Kalra on April 25, 2024 at 1:19am 0 Comments 0 Likes
House of Kalra is a provider of authentic Indian bridesmaid clothes and dresses in Canada. Its online website sports all the latest collection of various Indian wedding and parties dresses and more.
https://houseofkalra.com/product/abhinav-groom-sherwani-2/
High-risk businesses have so many things to manage and when it comes to their merchant accounts, there is so much to know about. If you are a casino or gaming merchant or planning to open such a business, you should know the related facts about its merchant account. Yes, you need one to smoothly receive money from your customers and to process the bulk volume of transactions. Also, the money withdrawals by the casino or gaming players and also merchants need to come to light. Stay informed and keep your business protected from any unforeseen threat. The information below should surely help you as a merchant.
The casino & online gaming merchant accounts can conduct transactions under the MCC-code 7995. MCC stands for Merchant Category Code. This code protects the rights of the client, the seller, the merchant account, and the provider.
An underwriter scrutinizes the following things –
Credit Score – Of course, the underwriter takes the first look at the credit score of your business as well as your personal one.
History of Chargeback – There shouldn’t be a high chargeback rate, otherwise, rejection happens.
Credit Card Processing History – The credit history of last year is specifically important and in case of bad credit, it should show improvements in the past several months.
Content on the Merchant’s Business Website – There should not be fake commitments that sound exaggerated or are not possible to complete practically.
Bank Account Balances – The negative bank account balances are not good and the merchant should always keep some savings before applying for the merchant account.
Bills and Payments – The pending bills and payments bring a quick rejection on your application. While the timely paid ones bring a good affordable deal.
The casino or gaming players run the business because the customer is the king. To ensure they are playing with a good merchant, they have expectations from their casino merchant accounts. To get the long-term loyalty of players, you should pay attention to the priorities of your customers. Before you buy a merchant account you should know that your customers are looking forward to the following things.
License – The players normally look for at least a medium-level license and they are reluctant to basic license account. They are always insecure about the threat of losing money due to any fraud.
Reputation – Players choose only renowned casinos and online gaming platforms because they want to play safe. Casino players normally spend millions and they have to choose a reliable casino. Reliability comes from goodwill. It is best if your company is listed on the stock exchange.
Security – The safety of money invested is also an obvious factor for the players. They can trust even a new casino or gaming merchant account if it gives the commitment to offer complete security. The merchants with PCI-DSS tags on their website always get the immediate attention of the gamin players.
3-D Secure Transactions – It is the first and the most important thing that keeps your merchant account free from any fraud. It is the most important parameter of the PCI-DSS compliant merchant accounts. It adds a 3-step verification layer to your account, which is good for you as a merchant and also for the customers.
Keep an eye on the Monthly Report – The merchant account providers and payment gateways provide details monthly transaction reports. In this way, you can spot the customer accounts that are suspicious. The best thing is to assign the job to an expert to scrutinize the nook and cranny of transactions. A business can understand a lot about customer behavior with the help of monthly transaction reports.
Block The Customer Account With Recurring Friendly Fraud – Some customers consumer products and services just to ask for bigger money back and earn money through it. They raise a fake issue and credit card companies normally favor the cardholder. If you see any such customer account, it is better to block it.
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