GAMING MERCHANT ACCOUNTS
It is not very easy for gaming operators
to acquire a gaming merchant account
that has been approved by domestic
merchant account providers, including
There are several online gaming agencies
available these days, but almost all are
considered as gambling-oriented. During
the gaming process, there are several
transactions that take place over the
internet. As most of these are large
transactions, there is a need for huge
amount of funds that once can access
These processes are usually carried out
with the help of electronic payment
methods such as credit cards. For this,
it is essential to have a “gaming
merchant account”. However, gaming
websites related to gambling fall under
the high risk category. This is because
this type of business has huge amount of
funds at stake.
Though most of the merchant account
providers do not approve accounts for
the gaming category, there are a few
firms that approve accounts for
recreational or competition games.
Though gambling operations carried out
over the internet look lucrative, they
are highly prone to fraud and illegal
operations. This makes gambling over the
internet very risky. This is the primary
reason why gaming businesses are denied
access to a gaming merchant account.
Since it is very difficult to get a
gaming merchant account, the demand for
global as well as offshore agencies is
increasing each day to operate as
merchant account providers.
There is sufficient information
available on the internet about such
agencies. If a gaming operator requires
information, he or she will have to do
some amount of research online. If you
contact a particular agency, they will
listen to your needs and then convince
you about the viabilities associated
with gaming. After all the procedures
are complete, the application is
generally approved which in turn results
in granting the applicator with the
gaming merchant account.
Gaming merchant accounts usually offer
good rates. Discounts of close to 6% are
offered to traders. There are several
other benefits associated with gaming
merchant accounts. Some of them are
mentioned below –
Gaming merchant accounts
are usually approved with 2 to 3 days.
The time taken to set up
such accounts is very less.
The set up fees are very
Online billing or
accounting is also available.
Secure, encrypted and
real time processing.
Offshore USD processing
facility is also available.
High quality technology
is provided. This is effective in the
prevention of fraud.
There are also no unnecessary problems
associated with gaming merchant
accounts. This makes this type of
account very attractive. There are a few
factors that make the gaming account
holder responsible for conducting the
operations. These are as follows –
Huge amounts of fund
If the management does
not meet the norms and is found to be
improper, then the licence may be
It is essential to
maintain the consumers’ trust.
The professional as well
as the gaming industry reputation has to
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.