E-Commerce at Internet Gaming Solutions

The list of online payment processors today is a long one. With so many options and the needs for merchant accounts and funding of those merchant accounts its best to let IGS (Internet Gaming Solutions) handle any processing you may need to achieve your E-commerce goals.
Through IGS (Internet Gaming Solutions) you can have access to a highly developed e-commerce platform and this is one of our best features of our online gaming options; the cashier of our online gaming products securely connects gaming players to an integrated e-wallet that can supply funds to all the internet gaming products we offer. We have different systems we can set up dependant upon how your payment processing is set up or in the event there is no prior set-up.

Independent, Stand-alone

In this option the cashier is configured to work seamlessly with your current payment solutions. New payment options can be added by IGS (Internet Gaming Solutions) Systems Engineers should you choose to offer your online gaming players other payment methods.

IGS (Internet Gaming Solutions) Managed Payments

We offer this option to anyone but are definitely a starting point for any operators or ìwhite labelsî who need to outsource their payment processing. IGS (Internet Gaming Solutions) will handle all aspects of your online gaming transactions; from your online gaming players to you and back to the player. There is no need for setting up your own merchant accounts, which is a job in itself; this will save you a considerable sum of your capital. E-commerce at IGS (Internet Gaming Solutions) will handle all deposits and online gaming playerís withdrawal requests, IGS (Internet Gaming Solutions) will also be monitoring the safety of your online gaming players by checking for any fraud and collusion to safeguard your e-commerce investment. As an added feature Internet Gaming Solutions (IGS) will also manage any charge-backs and recovery processes. Should you choose to investigate payment processing on your own; below are some of the key terms used in payment processing and itís very important that you know them in order to protect yourself if you are looking into opening merchant accounts for your internet gaming company.

• Merchant Account
The traditional way to accept credit and debit card payments. Opening a traditional merchant account usually involves a credit check, deposits and purchasing or leasing a terminal to process payments. If you are interested in opening a merchant account, start by contacting your local bank, then compare with other services you can find online.

•Transaction Fee
The rates you will be charged each time you process a sale. Be sure to look for any hidden expenses that may not be obvious when checking rates. The fee may involve a percentage of the overall sale, a one time fee per sale, or both.

•Charge Back
If a online gaming consumer contacts their credit card company to dispute a sale and the claim is found to be legitimate by the credit card company, you may be forced to pay the money back. To reduce your liability in charge backs, keep a shipping record/receipt stating where you shipped your merchandise for each sale. It's also a good idea to only ship to the same address as the cardholder.

•Reserve
Alternative processors may hold a percentage of your sales for a time period in the event of charge backs from online gaming customers. For example a processor may hold 15% of sales for 6 months. If there are no disputed sales in that time period, you will be paid the withheld money.

•Payment Schedule
When you will be paid for payments received by your processor. There are many ways you can be paid including direct deposit, check and sometimes even a deposit in your credit card account.