One of the things that makes a bookie the best is its ability to move money easily and quickly. Players want to place bets as soon as they deposit their funds and get their winnings as soon as possible. They want to process these transactions smoothly over reliable channels.
Therefore, reviewing pay-per-head software is essential before launching a bookie with a provider. Ensure that the payment channels are reliable, available, and easy to use. Here is a guide to bookie payment processing solutions.
Agent Payment Solutions With Pay Per Head Software
If you are not happy about managing your cash flow through a non-secure payment process, you can change that. Local bookies send a person to collect money from various players across a town. As for the winnings, a player has to come to collect them from your booth, or you have to post them.
With pay-per-head software, you do not need to hire a person to collect debts from your bettors. Instead, you can use an agent payment solution such as Access Agent Payment 4K by Power Pay Per Head. This system will help you collect money from bettors anywhere and send them their winnings from your mobile device.
The payment solution is easy to use and is accessible on your agent account. With a few clicks, you can collect payment from players and send winnings to them in seconds.
To get the payment solution, you need to contact your pay-per-head software provider to activate it on your account. From there, you can choose the payment methods you would like your players to use.
Players will follow simple steps, including choosing a method, selecting the amount they wish to transfer to the betting account, and confirming their transaction. A bookie needs to follow similarly easy steps to complete winnings transfer to bettors’ accounts.
What to Consider When Picking The Best Payment Solutions
There are hundreds of payment options that your players can use. However, some of them are not safe or convenient.
Here are the things to look for in a payment option before choosing it as a transaction processor for your bettors.
Fast And Convenient Payments
Suppose you want to bet on a game that starts in 20 minutes. You would like to use a method that will process deposits immediately to place your bet on time. Thus, a bookie has to choose a fast and convenient payment option.
That way, bettors do not have to lose on a wagering chance. If they miss on a wagering chance, you also lose.
Another thing you must consider is the security of a transaction. Insecure money transactions can leak personal data to third persons, which is one of the most dangerous things to happen.
Thus, ensure that the pay-per-head software provider has implemented security measures such as SSL encryption to prevent data leakage and promote secure transactions.
Low Or No Transaction Fees
Some payment methods charge transaction fees to earn their profit. However, if you choose a processor that charges a high price, players might not use it. Therefore, consider the transaction fee each method charges.
One of the reasons players place their bets with offshore bookmakers is to avoid taxes on winnings from their governments. Thus, they will choose anonymous payment solutions to protect their financial information from governments.
This anonymity has become one of the considerations players make before they choose a payment method. Thus, ensure you have several options that support anonymous transactions.
Another thing to consider is internet transactions. Some methods require players to walk to a nearby booth to complete their transaction. Others allow players to complete their transactions from the comfort of their homes.
Bettors can use various payment options in the Access Agent Payment 4K. These include:
- Debit cards
- Credit cards
- Gift cards
A bookie should choose a payment method depending on their players’ needs. For example, debit and credit cards used to be popular forms of transacting money online. However, more credit and debit card providers turn down transactions involving gambling platforms.
Players choose one payment option over the over depending on their preference or access to a payment channel. It is crucial as a bookie to have as many options to attract more players to your betting platform.
Some players prefer the convenience and choose direct transaction methods such as directly depositing money to their betting account through bank transfers or PayPal. But, a method like PayPal may not be the best option because it attracts government scrutiny it charges high transaction fees, among other disadvantages.
Once players realize that, they will choose another bettor method such as a digital wallet including Skrill and Neteller. Some players value their privacy. This means they prefer to transact using cryptocurrency methods over other options.
Bitcoin is one of the most common cryptos. Thus, ensure a pay-per-head software supports it. You can also confirm whether the software supports other cryptos, including Ethereum, Litecoin, and Dogecoin.
Why You Should Use Pay Per Head Software Payment Solution
One of the advantages of using a pay per head software payment solution is that it generates detailed reports. These reports can show you where a player stands at any time. You can tell how much a bettor has used on your platform, how much they have won, or whether they deserve credit on their next bet.
Also, you get account payables and account receivables with just a few clicks. You can even automate the transfer of winnings once a bet is settled.
Remember, a pay-per-head site has no direct access to the funds. But, they can help you automate your payment system while keeping it secure.
Choose Power Pay Per Head Payment Solution Software
If you have operated your local bookie for a while, you know how challenging it is to get paid consistently or process payment. But, once you take your bookie online, you can use the Access Agent Payment 4K system to receive payment and process winnings.