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OFFSHORE GAMING MERCHANT ACCOUNT

It is very difficult for a gaming operator to get a gaming merchant account approved from providers of merchant accounts (domestic) which include designated banks.

There are a lot of internet agencies for gaming. Most of them can be considered to be gambling-oriented. While the process of gaming is going on there will be a huge number of transactions to be made on net. As these transactions tend to be large there is a huge need of funds which can be accessed instantly.

These processes are carried out by using electronic methods of payment and via credit cards. These require a gaming merchant account. But gaming sites related with gabling are considered as a business which involves a high amount of risk. The reason for this is the involvement of a huge amount of money which is at stake.

Although most providers of merchant accounts are hesitant to approve merchant accounts which belong to the category of gaming accounts for gaming agencies related with gambling, they are ready to approve such accounts for competitions or recreational games dealing with sites comparatively liberally.

Although the gambling operations conducted online is lucrative, they are very prone to illegality and fraud which makes them very risky. This is the reason why they are denied an easy access to a gaming account.

Because of the difficulty in getting a gaming merchant account there is an increasing demand for offshore as well as global agencies which operate as providers of merchant accounts.

There is a lot of information available regarding such agencies on internet. If an operator needs to get information on them he needs to spend a lot of time searching on the internet. And if a particular agency is selected they listen to the needs of the person applying for an account first and then convince regarding how viable the gaming operations are. However after the procedures generally they approve the application which eventually results in sanctioning a gaming merchant account.

Besides, such accounts come with good rates. They offer discounts which can be up to 6%. The other benefits associated with such merchant accounts coming from global or offshore agencies include those mentioned below.

1)    Generally such accounts are approved within a time period of 48 hours.

2)    Set-up is very fast

3)    Set-up fees are reasonable

4)    Online accounting or billing provision is available

5)    Real time, encrypted and secure processing

6)    Processing of offshore USD Facility is available

7)    Virtual Terminals

8)    Quality of the technology used is very high. This becomes effective in preventing fraud.

There will not be unnecessary problems associated with the whole process which makes them more attractive. They are capable of approving the accounts very soon.

There are some factors which make the holder of a gaming account highly responsible while conducting operations. They include:

1)    Huge amount of money involved

2)    If the management is not proper then the licence can be cancelled

3)    Trust of the customers have to be maintained

4)     Industry and professional reputation should be safeguarded.

Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account, high risk ach account or offshore merchant account for a high risk merchant.