Casino & Gaming Industry
Disruptive Technology
How International Payments Can Affect The Gaming Industry
In online gaming, there are no geographical boundaries, for players or for companies, and this increases the opportunity for overseas revenue streams. This in turn increases the importance of an expert currency provider to manage transactions and mitigate the risk of fluctuating currency values.
While gaming companies could transfer the cost to the customer, this may limit the opportunity in the long term as people are put off by higher costs and return to pre-lockdown leisure activities. Costly transfer fees from banks and FX providers can damage your profits, and additional resources are required to administer transactions from across the globe. By working with a specialist and planning all your foreign exchange exposure and budgets well in advance, you can help to protect your margins.
How We Can Help Your Business Save Money
Online gaming companies are able to rely on a valuable and cost-effective service with a AD Capital Markets business account. With 24/7 online access, you are able to process and manage the range of overseas payments that you may need to make from your online account.
Every business is assigned an account manager who understands the ins and outs of your sector and will guide you through currency volatility to ensure you are offered a solution tailored to your business needs.
Our global payment solutions allow you to make bulk payments for any business costs or staff salaries in over 140 different currencies. You can also use a range of tools, including a foreign exchange forward contract, spot trade and stop loss and limit order.
Client Case Study
Introduction
We were referred to X Gaming - an established client in the gaming industry looking to speed up their payment processing, get efficiency as well as a better exchange rate and verify they were not overpaying on commissions.
Challenge
X Gaming was experiencing a high volume of returned payments and delays with no visibility as to why payment returns kept recurring. The process was slow, manual and outdated.
The company did not have a single point of contact.
X Gaming needed to track funds from merchant and benefited from an online platform and email notification from start to finish and felt they were being overcharged. Both those issues were causing a lot of stress.
Solution
We started by looking at the pain point and historical transactions and immediately realized where the pain points were and that the rates paid were extortionate.
We quickly recognised that by back-testing their previous rates of exchange they were paying over 2.7% we managed to secure them a saving of 2% instantly with full visibility and transparency.
We provided X Gaming with bank beating exchange rates and zero commission saving them over 2.2% per transaction, including 23 own named segregated own named bank accounts and access to over 140 currencies so they can enter new territories.