Pros and Cons of Accepting Credit Cards at your Gambling Site.

Today’s Pay Per Head companies offers various deposit methods. But one of the most practical and easy to use for gambling is credit cards.

In fact, credit cards are one of the most common payment methods used by bettors today.

The problem is that some bookies have doubts about whether it is a good idea to accept credit cards on their betting site?

In this blog, we will present the pros and cons of accepting credit cards on your betting site. We will also address the security and possible risks of credit cards for your betting business.

Which credit cards are accepted by Pay Per Head Providers?

Pay Per Head companies are not very picky when it comes to credit cards. You can use Visa, Master Card, or American Express with no problem at most of the providers in the industry.

So no matter which bank the credit card is associated with, your customers will have no problem funding their account at your gambling site if it belongs to one of the operators mentioned above.

What are the pros and cons of accepting credit cards on your betting site?

In general, credit cards offer many benefits, especially for bettors, for example:

Speed

The most significant benefit that credit cards offer is speed. By using a credit card, bettors can fund their accounts at the betting site in less than a minute.

They usually just fill out a short form with their credit card information, and they are ready to bet.

The funds are usually credited to their account immediately, and they can start betting in no time.

Therefore, credit cards are an excellent method to allow bettors to bet quickly and without a lot of hassle. This is a great weapon to attract customers and expand the business.

Low Minimums

Betting sites often offer low minimum deposits for credit cards, usually between $10-$50. This is very attractive for customers who want to bet small amounts and keep their betting expenses under control.

You can set the credit card deposit minimums as you see fit. But we recommend that you set them low to attract more customers.

Quick and Easy Access to Funds

Once customers have linked their credit card details with their betting site account, they won’t have to do it again. This means that they will always have this method of funding their account at hand. Which translates into recurring bets and better revenue for the business.

With their credit card linked to the betting site, customers will be able to fund their accounts at any time in a fast and straightforward way. This allows them to top up their bankroll in no time and continue playing to take advantage of a winning streak.

The Bad Side

But not all that glitters is gold, and credit cards have a downside. In other words, there are some disadvantages to accepting credit cards at your betting site.

Blocked transactions

Some banks often block credit card transactions that look suspicious. Because most of the gambling sites operate offshore in countries such as Costa Rica, Panama, Malta, among others. For some banks, a transaction from one of these countries can mean a scam, and to protect the customer; they block the transaction. This can be a significant setback and something quite annoying.

Solving a block is quite simple, as all the customer has to do is call the bank and tell them that he/she has made the transaction and authorize it.

Depending on the bank, it may take a couple of minutes to a couple of hours to release the funds. So you must be patient.

Also, in some cases, the bank refuses to release the funds and process the transaction. Therefore it is possible that you may lose potential income due to bank blockages.

Fees

As far as fees are concerned, you can set what you think is best for your business. Some bookies do not charge any fees to use a credit cards for gambling. While others have fees ranging from $5 to $30.

Fees can be a dealbreaker for some bettors. Therefore you should be careful, as this can cause you to lose potential customers.

It would be best if you kept in mind that most reputable and legitimate betting sites do not charge fees for credit card deposits. If you want to compete with them and take market share from them, it is best to charge no transaction fees or keep them very low.

Is it safe to use a Credit Cards for Gambling?

This is perhaps the most important question that gamblers ask. That’s why you must have a good Pay Per Head partner to ensure the security of your customers and their data.

The best Pay Per Head providers have robust security systems and protocols in place to ensure that any third party cannot access data from bookies and clients.

For example, these companies employ 128-bit encryption on all transactions so that all information will be secure. In addition, these companies also use robust firewalls and other systems to prevent attacks and data theft.

On the other hand, credit card operators also provide some mechanisms to ensure the security of gamblers. For example, to authorize the transaction, they must use a unique pin or password that is known only by the card owner and the financial institution. In this way, users are protected because even if their card number is compromised, no one will be able to make a transaction without the pin or password.

In case of theft of credit card data, operators such as Visa and MasterCard offer insurance to replace the lost money. Bookies need to know this information because if something bad happens and credit card details of their gamblers leak, they will be able to guide their customers on what to do. In addition, the bookie will be able to know how far they can be held accountable to their customers.

Credit Cards Are Good For Business

Accepting credit cards on your betting site is good for business. This is one of the most used payment methods by bettors. Therefore, if you don’t implement it in your betting site you run the risk of losing a lot of potential customers.

The best Pay Per Head companies in the industry have all the tools and platforms you need to be able to accept credit cards on your betting site.

In addition, these companies can advise you on the best way to accept and work with credit cards on your gambling site.

Remember that it is important that you show your bettors that your site is secure and that they can use their cards with confidence.

By accepting credit cards on your gambling site, you will take full advantage of the growing gambling industry. As a result, you will be able to grow your business much faster and enjoy excellent profits.

Don’t miss this opportunity and partner with a Pay Per Head provider that gives you the best technology and tools to be a successful bookie.