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Poker Merchant Accounts are Prone to Fraud

Poker merchant accounts are a requirement for all poker merchants operating today. Customers wanting to play poker online will need to quickly load their accounts with funds. A poker merchant account will allow merchants of all sizes to use their credit or debit card in order to add funds to their poker account. Pokers merchants will benefit from the ability to convert new signups into paid gamblers quicker since gamblers are able to instantly load their account with money while having the security of paying with their card. Poker players will feel more comfortable with loading larger amounts of money into their accounts. Poker merchants will have reduced work as well. If a merchant was going to run a poker website without card processing they would need to accept wire transfers and western union, both very risky types of payments for the customers due to the lack of recourse. The poker merchant would need to manually account for every payment that was deposited, this is very difficult and time consuming. A poker merchant account would allow payments to be automatically deposited and accounted for in seconds without the need of personnel from the poker website. This will limit the amount of staff that must be required to handle most poker players. Larger players will most likely still wire money which will need to be staffed.

Poker merchant accounts are able to be setup easily without much hassle when the poker merchant has all of their necessary paperwork together including their licenses that are required to operate in their jurisdiction. Most poker merchants will be able to setup rather easily especially if they have previous processing history from a different bank or payment processor. Poker merchant accounts are usually approved within a couple of weeks and they are setup for the merchant shortly after the approval process.

Contact one of our helpful account representatives to assist you in the setup of high risk merchant accounts, offshore merchant accounts and high risk offshore merchant accounts.