Online Casino Merchant Account

admin 3/30/2022 30/03/22

A considerable amount of large online casino brands operate within the Curacao gambling license. Online gambling is an ever-evolving and highly dynamic multi-billion-dollar market. No doubt, it would be perfect if every internet gambling operator flawlessly abided by the strict rules of fair play and financial security.

Online Casino Merchant Account Manager
Online Casino Merchant Account Management

However, when hefty sums of money are involved, certain facilities can’t resist the temptation to go beyond their moral obligations. That’s where legal licensing comes into play. Each online gambling operator is required to be licensed under regulators within their jurisdiction. That way, casinos, as well as their owners, expose themselves to regular background checks and independent audits and i.e. guarantee to their players financial safety and personal data protection.

Online Casino Merchant Account Manager

Online Casino Merchant Accounts If you are in this industry, be sure your business is set up to accept payments through an online casino merchant account. Being able to detect fraudulent activity is a valuable asset for businesses in high risk environments. Moreover, multiple currencies can also be accessed, it offers security from fraud, and provide an anti-fraud tool. Benefits of having casino merchant account. Safe transaction and option for payment processing. Protect against credit card fraud and online scam with a proper software tool. Major cards processing and payment deposit.

Curacao Gambling Commission Framework

Why are online gambling, online gaming, and online casinos considered a high risk merchant account? What makes gambling or an online casino a high-risk business type is that the entire industry it’s heavily regulated in general. Gaming Merchant Accounts For Casinos & Online Gaming. GBO works with some of the top European and Chinese banks in order to offer gaming and casino companies the best merchant account solutions on the market. As mobile app games that are integrated with smartphones grow to be more and more popular, using a credit card becomes the natural choice. Jackpot with a Casino and Online Gaming Merchant Account eDataPay.com specializes in merchant accounts developed specifically for gaming and casino companies. With app-based games being integrated with smart phones, credit is the natural payment method for this industry. The global media and entertainment market, which includes online casinos and gaming, is.

In this post, we will take a closer look at the Curacao online gambling license, its pros, and cons as well as its overall reliability. Also, we will dwell upon the main principles according to which the Curacao gambling commission functions. In 1993, the legal regulation of gambling was initiated in this island country.

In 1996, more than 20 years ago, Curacao launched the e-Gaming Licensing Authority. Since then, it has licensed about 500 online gambling facilities and eventually transformed into one of the most well-known online gaming authorities and casino license issuing framework creators in the whole wide world.

Online Casino Merchant Account Management

Today, the jurisdiction is governed by the Curaçao Internet Gaming Association (CIGA). Despite its promising attitude, in practice, the jurisdiction hasn’t yet proven its solid intention to become one of the most trustworthy online gambling commissions in the world. Below, you will find some evidence to back up this statement.

How the Commission Works

Truth be told, licenses issued by this jurisdiction are so popular because they are very easy to obtain. And they’re incredibly convenient. Compared to other licensing authorities, Curacao issues one license for the entire online gambling business. As for other licensing bodies, they would require, for instance, two separate licenses for an online casino and a poker room – even if both services are offered within one and the same online platform.

Here are a few more reasons why so many online casinos opt for Curacao as their licensing jurisdiction:

the application procedure is as easy as ABC: in many cases obtaining this license is just the ticket, especially if casinos owners are on the prowl for a swift, hassle-free and crystal clear application procedure; attractive application cost: the owners of Curacao gambling sites choose this option because it is very cost-effective; low taxes: by sticking with this gambling license, an online gambling facility will be subjected to only 2% corporate tax, with a 0% tax on gross incoming wagers. And the taxes will stay this low up until the year 2026. Actually, this is one of the ultimate benefits of joining the highly extensive Curacao casinos online community; flexible and favorable conditions of use: the combination of the simple process and the one-license-for-the-entire-operation perk is just way too tempting;

additional expert support for online gambling operators: this implies offering financial and banking services, comprehensive technical assistance, as well as providing an overall consulting support;

cryptocurrency-friendly: Bitcoin- and cryptocurrency-based online venues choose to obtain this wonderful gambling license because it’s extremely cryptocurrency-oriented. ‘But what’s in it for me?’ a typical player may ask. Before arriving at your own ultimate conclusion about the reliability of this online gambling license, don’t hesitate to explore the information below.