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Social gaming platforms create unique virtual communities where players interact, compete, and engage with virtual goods and currencies. These platforms require specialized payment processing solutions to handle microtransactions, virtual currency purchases, and subscription services. PayKings understands the complexities of social gaming payment processing and provides tailored merchant account solutions for virtual worlds, social casinos, esports tournaments, and community-based gaming applications. Using our cutting edge merchant services technology we'll help you set up a payment system designed for security, reliability, and a top-notch customer experience.
Social gaming platforms face unique challenges in payment processing due to high transaction volumes, virtual currency systems, and the need for seamless in-game purchases. Our specialized merchant accounts are designed to handle these complexities while providing the security and reliability your platform needs to continue generating revenue and bringing in income.
Follow these steps to establish your social gaming merchant account
Start with our streamlined application process designed for social gaming platforms.
Provide documentation about your social gaming platform and virtual economy.
Our specialized team guides you through the underwriting process with expertise in social gaming requirements.
Start accepting payments for virtual goods, premium features, and subscription services.
PayKings specializes in providing merchant accounts for social gaming platforms. Our payment solutions are designed to handle the unique aspects of social gaming, including microtransactions, virtual currency systems, and subscription billing. With our expertise in high-risk payment processing, we ensure your platform can operate smoothly while maintaining compliance with industry regulations. Additionally we have top-notch customer service.
Our payment processing solutions cater to various social gaming platforms, including virtual worlds, social casinos, and community-based games. We provide secure payment gateways, fraud protection, and flexible integration options tailored to your platform's needs.
What is the difference between a traditional casino and a social casino?
Short Answer:
Social casinos are free-to-play games that use virtual coins and focus on entertainment and social interaction, without necessarily having real-money payouts. Traditional casinos, on the other hand, involve real-money gambling, are strictly regulated, and center around winning or losing actual cash.
Additional Information:
Social casinos do not directly involve real money gambling; instead, you usually play on the internet using virtual coins or tokens, not actual cash, to win prizes. They are usually for entertainment, but some do allow players to cash out for real money.
These games often come with social features and are commonly connected to platforms like Facebook or mobile apps that can be downloaded through the iOS app store or to your Android smartphone, allowing users to send gifts, compete with friends, join leaderboards, and chat with others.
Most social casino games are free to play, although players have the option to purchase additional virtual coins if they run out (sometimes known as sweepstakes coins). Many online social casinos even provide free sweeps coins or additional free gold coins with your first purchase to encourage customers to try out their online casino.
Some types of games that can be found on social casino sites are sweepstakes, slots, roulette, baccarat, blackjack, bingo. Popular examples of social casino games include Slotomania, DoubleDown Casino, and Zynga Poker.
Real-Money Casinos:
Real-money casinos involve actual money, where players place bets and have the chance to win—or lose—real cash. These casinos are regulated by gambling authorities and are subject to strict laws and licensing in most countries to ensure fair play and consumer protection.
The primary focus of real-money casinos is monetary gain, rather than social interaction. Many of them also offer live dealers and the opportunity to win big jackpots with slot machines and other games.
Well-known examples of real-money casinos include BetMGM, Caesars Casino, PokerStars, and physical casino establishments like those found in Las Vegas.
A quick comparison of key features between social casinos and traditional casinos.
| Feature | Social Casino | Traditional Casino |
|---|---|---|
| Real Money | ❌ No | ✅ Yes |
| Payouts | ❌ Might not have ability to cash-out | ✅ Real cash winnings |
| Regulation | ❌ Less regulated | ✅ Heavily regulated |
| Social Interaction | ✅ High | ❌ Low or none (mostly solo) |
| Purpose | 🎉 Entertainment | 💰 Gambling for money |
Comprehensive payment solutions tailored for your Social Gaming business
Our merchant accounts are optimized for social gaming platforms, providing secure payment processing for virtual goods, premium features, and subscription services. If necessary, PayKings can even provide point of sale payment gateways for your business. With PayKings, you can focus on growing your company's gaming community while we handle your payment processing needs.
Everything you need to know about high-risk payment processing
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