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Gambling Merchant Accounts

Gambling merchant accounts sound very simple and straightforward however it is alarming how many merchants are not aware of how to obtain one or and how they operate. A gambling merchant account is similar to any other merchant account. They will process payments by charging a customer’s credit card or debit card and funds will then be sent to the merchant. The issues begin with gambling merchant accounts when the banks do not understand the industry completely. Many payment processors will not even consider setting up merchant accounts for gambling merchants. There are a number of reasons for this. Usually the merchant is unable to process payments outside of their country or region. In this case the merchant account processor is missing their cross border license. Another would be that the merchant is not operating legally. If the processor does indeed process payments for gambling merchants then the payment processor should be aware of rules and regulations concerning different jurisdictions and their laws.

Gambling merchants will receive the same benefits of any other merchant processing plastic payments. They will receive a merchant account with real-time approvals and declines on cards. The money will then be credited to the customer’s account quickly and the money that was charged will be deposited into the merchant’s bank account. The merchant will have access to online reporting and recurring billing options that make card processing fast and efficient for all parties involved. It is a requirement for gambling merchants to obtain an online casino merchant account.

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