Payments Unmasked

Author

Shakun Sethi
March 07, 2024

Hi there,
Welcome back to the TickleCharge newsletter! This week we are sharing the other frame of the igaming world.

Sony Interactive Lays off 900 PlayStation Workers

Sony Interactive Entertainment is restructuring its operations, laying off 900 employees (8% of its workforce), and shutting down PlayStation London Studio, which created VR Worlds and Blood & Truth.

This move is aimed at adapting to market conditions, especially since PlayStation5 sales have slowed down.

What are your thoughts on this move? Is it safe to say that job security is officially busted?

Share your thoughts with us!

High-Risk Fee: Visa and Mastercard charges

Visa and MC charge $500 to high-risk businesses like Adults, CBD, and Gaming.

But how does the card scheme know you are a high-risk merchant? The processor registers your business as a high-risk merchant.

Processor mostly deducts this fee in the first month of the processing, but there could be times when processors may deduct it from your bank account after the registration.

That’s why, it is advised to keep funds in your bank account while onboarding a new processor for your high-risk business.

Need a payment gateway partner for your site? Book a call with me

Want to share any feedback or ask me your payment-related questions? Send an email

Need me to pop by for an industry meet-up? Let’s connect

Bitcoin Payment Options for Online Casinos

The world of online casinos has witnessed a significant shift in payment methods, with Bitcoin emerging as a popular choice among players and operators alike.

Let’s delve into why Bitcoin payment options are gaining traction in the iGaming industry and how they benefit both players and online casino operators.

Read the full blog!

Credit Card Processing in iGaming

With multiple payment options available in the market, iGaming has grown exponentially. However, the core option which is credit card processing still stands tall.

Amidst the excitement of gaming, one crucial aspect often overlooked is the intricate process of credit card processing. Let’s look at the fundamentals of CC processing.

Read the full blog!

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