#7 Payments Unmasked - TickleCharge

Hi there,
Welcome back to the TickleCharge newsletter!

It's been a year of change, but we're super excited about what's to come.

2023 was the year people started getting back to work. But 2024 is going to be better! We're going to keep doing what we do best: helping you get through your payment hurdles via education and supporting your processing needs.

So from all of us at TickleLife, thanks for supporting us and helping us grow! We couldn't do it without you. We wish you and your family all the best in this new year—may it be filled with joy, laughter, and smiles!

2023 Wrap

Let’s wrap up 2023 with the top 5 payment lessons to keep your business secure in the coming year.

1. PayPal and Stripe Challenge

If you use PayPal and Stripe as a high-risk business then it is time to rethink your payments.

PayPal and Stripe stumble in high-risk industries: Why?

1. Risk Aversion 2. High Costs 3. Uncertainty

As a high-risk business, select your payment provider meticulously considering your customer’s convenience.

*Stripe has changed its legal policies. The updates will take effect on 29 February 2024. Check it out here.

To know more about why high-risk face hurdles with PayPal and Stripe, check out our blog.

2. Tools for high-risk businesses

The high-risk business is always immersed in the risk even if you crack the best payment solution, unless you tick the below checklist

• Updating the compliance policy

• Adapting to new rules

• Excellent customer service

• Diversify your checkout options

3. Ultimate payment security weapon - PCI-DSS 4.0

• It will allow your organizations to tailor the security measures based on your specific risk profiles.

• Stronger authentication measures are being introduced to protect against evolving cyber threats.

• Explicit guidance and flexibility to enhance security.

In 2024, give your payment processor a friendly nudge and inquire about their timeline for embracing the latest PCI rules.

4. Importance of an onshore license vs offshore license

A license, whether onshore or offshore, is crucial for online casinos, gaming, and forex operators. Let’s understand what are the advantages of having an onshore license compared to an offshore license like Curaçao:

1. Regulatory Credibility

2. Low Rates from Reputable Payment Processors

3. Accept easy traffic from the USA, UK, and EU with a high approval rate.

Check out our blog to know more about the onshore license. Click here

5. Holiday sales strategy

• Always keep your best-selling product in stock.

• Update your shipping and return policy

• Use a good website builder

• Use new payment methods like Buy Now Pay Later and open banking to increase checkout conversion