Possibly even more so than on the internet, payments are the key to success for mobile gambling companies. In this extract from the Mobile Report she wrote for iGaming Business, Aideen Shortt provides an introduction to the payment options available to mgaming firms and looks at the size of an m-commerce market which looks likely to grow massively in the next few years.
Prepaid, direct debit, real-time bank transfer, there is no standard definition of an alternative payment is. For the purpose of this report, it is any non-card payment type but the alternatives to standard credit card payments are vast comprise a large variety of schemes.
Most online transactions take place without any fraud occuring but the perception of fraud is a hugely important concept in online payments. It remains a constant worry for consumers and merchants alike.
How do alternative and mobile payment methods stack up in terms of security against traditional payment methods? They are often pitched as a safer option than card transactions, but fraudsters are increasingly turning their attention to these methods.
The iGaming Super Show's Payment Solutions Summit covered withdrawal optimisation, virtual prepaid cards, local solutions, Visa MCC, STIP & MVV charges, multilateral interchange fees in the EU and managing risk, fraud and chargebacks.