PayCly is one of the best payment service providers in the Gambia. A payment service provider (PSP) is an acquirer who offers payment solutions for your internet business, including credit card processing, payment gateways, merchant accounts, etc. Accepting online payments is an essential requirement for any online business. The most popular payment option, card not present payments from any credit card, cannot be accepted without a payment gateway and merchant account.
A payment gateway is a piece of software that links a retailer's applications or online checkout portal with a merchant account to facilitate payment transactions. By sending tokenized & encrypted payment information between parties like merchant websites, merchant accounts, acquirers, issuers, card firms, etc., a payment gateway makes it possible to conduct financial transactions. A merchant account, on the other hand, functions much like a commercial bank account. It carries out all banking duties, including receiving, holding, and withdrawing the funds you receive from your clients.
The Ecommerce sector in the Gambia is growing faster than expected due to the continuous rise in internet penetration. In the country of 2.52 million people, internet penetration stood at 51%. Gambians are adopting the digit transformation of the market in all the ways. People are now looking forward to purchase online from ecommerce marketplaces. Similarly, people use online betting platforms to bet and also the fondness towards the forex market can be seen by the trading volume in the country. Plus online casinos are getting loved by the Gambians.
In this continuously growing market, more merchants need to fulfill the demand of the online gambling, casino, forex, and e-commerce market. We at PayCly encourage Gambian entrepreneurs to launch and grow their online ventures, including online gaming websites, forex trading platforms, and online casinos. By offering all payment solutions for your business, we ensure you support. These payment processing services, such as a payment gateway and a merchant account, allow you to accept online payments from your clients and help you expand.
People also like to shop online since it offers many advantages, including convenience, accessibility, variety, cost comparison, home delivery, and incredible discounts. Additionally, the majority of services, such as sex toys, fantasy sports, IPTV, casinos, and escort services, are now accessible online. An online business can be started more easily than a traditional one. You only need a website, a payment gateway, and a high-risk merchant account to start an online business.
Generally, payment gateways are classified into three types, and they are as follows:
We have simplified the working steps of a payment gateway through this illustration:
In spite of the demand and revenue, almost all online businesses, including ecommerce, online casinos, forex broker platforms, gambling, etc., are yet considered high-risk enterprises by banks and traditional financial institutions due to higher chargebacks, fraud and global expansion. That's why banks and FIs do not offer high-risk merchant accounts to these businesses. However, various payment service providers (PSPs) offer payment solutions such as international payment gateway, high-risk merchant accounts, forex merchant accounts & online gambling merchant accounts for high-risk organizations.
PayCly is the best PSP in Africa, offering hundreds of features to increase your earnings. We are a trustworthy, responsible and recognized acquirer in the Gambia. We offer the lowest MDR rate. Furthermore, we have PCI-DSS level-1 compliance and secure you with state-of-the-art technology like AI and ML. Our services are tailored to meet the needs of your business. You may monitor and download real-time, daily, weekly, monthly, and annual business information using our feature-rich dashboard. We promise prompt payouts, round-the-clock support, and the safety of your high-risk merchant account. They include the following, among other noteworthy qualities:
PayCly provides every form of payment processing your company could require, including credit card processing, payment gateways, merchant accounts, e-invoicing, etc. We have created certain unique merchant accounts with specific industry features and payment gateways for these businesses, and they are as follows:
|Casino Merchant Account||Forex Merchant Account|
|E-Commerce Merchant Account||Fantasy Gaming Merchant Account|
|IPTV Merchant Account||Adult Toys Merchant Account|
|Dating Merchant Account||E-Cigarettes Merchant Account|
|Tobacco Merchant Account||SMM Panel Merchant Account|
These accounts are created for high-risk sectors to protect them from chargebacks and fraud. "Industry-specific merchant accounts" are accounts with high risk merchant accounts and features particular to the industry. According to our merchants' comments, these accounts have apparently become the first choice for all merchants they refer. Our Forex Merchant Account and Gambling Merchant Account are unmatched by any other PSP in the Gambia. Please visit paycly.com to get instant approval.
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