Online Gambling is a type of gambling where players wager money on various games via the Internet. This includes sports betting, fantasy sports, online lotteries and virtual poker.
The Online Gambling Industry Makes Millions
The online gambling industry is one of the most lucrative businesses in the world. Online casinos, sportsbooks and other betting sites generate billions of dollars in revenue each year.
Mobile Casinos: Play on the Go
Most online gambling operators have a wide range of mobile applications that allow players to use their smartphones and tablets to place bets in real time. These apps are compatible with most of the popular operating systems including Android, iOS and Windows Phone OS.
Customer Support: Contacting a gaming operator’s customer support team is easy and free of charge. Most of these services offer live chat or email support to help players.
Privacy: All renowned gambling operators take care of their customers’ private information. This includes their personal data, account details and payment methods.
Compliance issues: Online gambling companies must be able to spot and solve fraud problems quickly or face fines, reduced customer satisfaction or legal trouble.
Reduced Revenue: A high chargeback rate will negatively impact your business’s bottom line, leading to fewer payments and increased charges.
Credit card associations have become more cautious about allowing online gambling operations to accept their cards. The UIGEA enacted in 2006 prohibited banks and credit card companies from transferring funds to internet gambling sites or online payment processors who are strongly associated with virtual casinos.