Online Gambling is one of the fastest growing and most sought after industries in the world. Millions of players, young and old, sign in to online casino sites every day to play games for real money. With this in mind, it is important to understand how exactly an online casino works and how to get started.
In general, online casinos offer a variety of payment methods for their customers to choose from. The most popular options include credit/debit cards, e-wallets, and cryptocurrencies like Bitcoin and Ethereum. However, the choice of payment method depends on the country/state and the legal situation in place in that jurisdiction. For instance, some countries have strict laws on gambling while others have none at all. Therefore, it is essential to check the legal status of an online casino before deciding which one to use.
Fraud in the online gambling industry is a major concern for operators. A high chargeback rate can significantly hurt an operator’s revenue, as it may cause them to lose the ability to accept payments from certain credit card issuers. In addition, it can also cost them valuable time and resources chasing bad players.
This is why SEON offers its robust fraud detection tools and dedicated fraud analyst team to help online casinos fight fraudsters. Our software can help you detect a wide range of fraudulent activities, including affiliate fraud, bonus abuse and more. Our software can also act as a pre-KYC check, enabling you to save time and money by safely weeding out obvious fraudsters from the get-go.