Online social gaming platforms are one of the fastest-growing industries in the world at present. According to a recent study, the revenue of the online gaming industry is expected to grow from $26.14 billion in 2023 to $32.56 billion in 2027. Also, the current number of online gamers is 1.13 billion and is expected to grow to 1.25 billion by the year 2027. Considering the fact that we only had 840 million gamers in the year 2019, this growth rate is highly staggering.
As the industry is growing considerably, managing the cash flow of an online social gaming platform is crucial.
Consider yourself as an online gaming platform owner. You might have multiple customers from multiple countries, and you will also have several vendors. You may also have to deal with numerous microtransactions as well as large transactions. With international vendors, you, as a gaming company owner, would have to make international payments that are affordable and convenient.
Zil is a perfect solution for the payment challenges faced by online gaming platforms. You can pay both international and domestic vendors via multiple payment options with Zil. The efficient management of recurring bills is another key highlight. Consolidating all your transactions in a single platform can help you simplify your business operations. The various payment options offered by Zil are as follows:
Wire Transfers
For an online gaming platform, it is quite common to have customers and vendors across borders.
So, having a reliable payment platform that supports international as well as domestic payments is important for them.
Zil is a trustable platform that can help in this situation. The cloud-based platform allows you to make international transactions at a reasonable cost.
You can also track both your international as well as domestic wire transfers with Zil.
The real-time tracking feature allows you to have control of your money even while sitting at home or in the office.
The feature also helps you to be certain that your money is reaching the right hands.
With Zil, you can transact large or small amounts effortlessly via wire transfer. All you need is a single subscription.
Virtual Cards
According to a survey executed by the Entertainment Software Association, three-quarters of American households have at least one gamer.
70% of these are American kids and 64% adults. In fact, you can find that almost 55% of today’s parents play online games with their kids at least once a week.
Sometimes, gamers would need to make instant payments to purchase various in-game items and cosmetics or to unlock certain features.
Virtual card payments are the best option for making immediate payments like these.
The virtual card payment option from Zil helps you to make instant payments without any additional effort.
In order to use this option, you must first fill your account wallet. You can make payments without any restrictions until the wallet balance becomes zero.
Once your virtual card expires, you can easily buy a new one and continue enjoying your gaming experience without any interruption.
ACH
An online gaming industry can reduce its payable workload with Zil.
The cloud-based platform offers you same-day ACH with which you can pay your customers, vendors, and bills, all with a single click.
Typically, an ACH transfer would take 1-2 business days to deliver, but with Zil, you can make payments within the same business day.
ACH is guided and monitored by NACHA, and Zil is an official member of NACHA.
According to NACHA the total ACH payments in the second quarter of 2024 is 8.3 billion. This value is an increase of 6.3% over the second quarter of 2023.
You can easily make ACH transfers at an affordable rate with the cloud-based platform.
Mail Check
Although most gaming industries prefer online payments, there may be vendors that won’t accept digital payments.
The check mailing feature from Zil is a perfect solution for paying those vendors.
The feature gives you digital convenience even though you are making payments through the traditional option.
The platform does everything on your behalf. That is, it prints, labels, and envelops your checks and sends them via USPS/FedEx.
You can also select the time of delivery of your checks with Zil.
The platform offers you 3 choices:
- First-class mail: Which will take 3-7 business days
- USPS priority mail: Taking 2-3 business days
- FedEx mail: Which guarantees next-day delivery of your checks
All the payment options available on Zil are completely safe and secure. The platform offers numerous security features that guarantees the smooth delivery of your payments.
Conclusion
- With Zil, you can solve all the payment-related issues that you might face as an online social gaming company owner.
- The platform offers you various payment options that help you send payments both domestically and internationally.
- You have ACH, wire transfers, virtual cards, and Mail checks right at your fingertip with the cloud-based platform.
- For any further related queries kindly visit the official website of Zil. The platform’s 24/7 customer service will guide you.
