Open Banking Solution
Open Banking Solution
Even with increasing restrictions and complex regulatory guidelines, the igaming/gambling market is expected to grow to $92.9 billion by 2023. In Europe, the gambling industry seems to grab the open banking revolution, and the new addition of casinos came to light in a very short time. Regulators are continuously re-evaluating their policies in an effort to keep the industry accountable, and because of new guidelines, global operators face different regulations in every market. Open banking processing solutions can be a game changer for such operators.
With Open Banking You Get More Benefits
developing financial processes and procedures
What is Open Banking?
Open banking allows secure financial service companies the ability to make transfers between banks and businesses. This new payment method allows players to improve the security of the deposits and speed up the process of withdrawal. Your transaction can be processed almost instantly, some seconds after the operator’s approval to a maximum of two hours later. Moreover, money transaction is safer. The customer’s bank transfers the funds to the company and vice versa. The last advantage is the elimination of the long and complicated registration process with the stifling document uploads.
Benefits:
- 1. Instant Settlement
- 2. No chargeback
- 3. Secured Trasncaction
- 4. No setup or monthly fee involved
- 5. No need to share any sensetive information
We at Payments Clarity can help a merchant to secure a dedicated open banking solution for their business in no time.
As a business owner, one should be focused on how they grow the business revenue and payment gateways play a vital role here. Sometimes it may feel that this was overload information but at the same time if you are accepting credit and debit cards this is important stuff that one should know. By knowing the steps of payment processing you can have a better grasp of different aspects of the process and its effects on your business.
By working with a CC processing provider, you can provide an interactive checkout experience for your clients. Once the clients feel that your website is trustworthy and secure, they will be more likely to revisit your website and stay with you.
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