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Estimates indicate that almost half of consumer spending on games will come from China and the U.S. in 2020, but projects that future growth will be driven by emerging market regions including Latin America and Asia-Pacific, which means companies will need ways to distribute payments all around the world. The standard process of distributing payments is slow and unreliable, but here at Payoneer, we’re changing that. Our platform gives publishers, developers, and live-streaming platforms a simplified way to support payments to over 200 countries. In addition to streamlining your existing payout needs, our services enable you to safely expand into new markets without the need for complex integrations.
Game providers shouldn’t underestimate the importance of offering multiple payment providers: research from PayPal shows that 50 percent of gamers will abandon an online purchase if their preferred payment method is not offered and we can enable you to accept multiple popular methods of payment. On the receiving end, your customers have options as well. They can receive funds through a Prepaid MasterCard® which they can conveniently be used online, at stores, and at ATMs to make withdrawals. Payoneer also supports local bank transfers in over 100 currencies around the world, with funds being cleared in as quick as one business day. We can also facilitate payments to a Payoneer account where the customer can use his funds in more ways.
Fraudulent activity in gaming ranges from fake accounts and account takeover (ATO), to selling real in-game assets acquired through shady means, to phishing schemes. It’s vital for game providers to protect themselves, their partners, and end-users/gamers, otherwise trust will be lost. Our fraud protection extends from identifying and validating transaction information to tracing the entities money flow and profiling user behavior patterns. When partnered with Payoneer you are guaranteeing that your payee disbursements are made through a fully compliant, secure, and regularly audited payment platform that is recognized and valued by financial regulators around the world.
Many gamers say that enjoyment is a key motivator for spending more money on downloads or on in-game payments. Therefore, it goes without saying that game providers need to ensure that their players’ payment experience is fast and friction-free. The more time they spend playing, the more likely they will be to make more purchases. When it comes to your payment processing and infrastructure, there are a lot of moving parts. Our platform can help you get a handle on the bigger picture while reducing the friction throughout your experience. We can also provide you with the flexibility to adopt new payment methods and providers to support the preferences of your gamers.
We’ve rounded up three of the most common forms of payments fraud in digital gaming, to help you know what to look for and how to proactively prevent it from happening within your ecosystem.
Read our one-page overview of Payoneer’s solutions for digital gaming payments to learn how you can provide a seamless and intuitive payment experience.
Explore market trends and gamer spending habits, get insights into the rise of payments fraud, and learn the characteristics of the ideal payment experience.