Gambling credit card processing is a systematic underwriting process that will require a merchant to compile a list of documents to be presented to the processor and the bank. Gambling credit card processing is used by all online casinos and your online business should not be an exception. An online gambling credit card processing account will greatly increase sales for the merchant with real-time card approvals, instant gambling account funding and cost effective rates. Gambling merchants will be able to process transactions for all of their games within their casino, sportsbook, sports betting section and their book maker section. Horse racing gambling is also allowed by the gambling credit card processing account provider. Smaller gambling merchants will be bundled to process with several other smaller merchants while larger merchants will have access to their own gambling credit card processing account.  

What rates will an online gambling credit card processing account cost to the merchant? Rates vary greatly depending mainly on the previous financial history of the merchant. The larger the merchant and the longer they have been in business the lower the rate they will pay. Newer gambling merchants will be paying a higher fee for their gambling credit card processing account. Rates will range from 3-9%.

What is the normal timeframe for approval of a gambling credit card processing account? The timeframe can vary greatly. It all depends on how long the gambling merchant has been in business for and if they have all of their financial documents in order and able to be submitted to the gambling credit card processing provider. Usually gambling merchants will be approved within 10 days however this is a rough estimate. Gambling payment processors all have slightly different underwriting guidelines.