Online
Gambling Merchant Account
An online gambling merchant account
is an account that is used by online
gambling merchants in order to process their
payments. These payments are made by means
of cards such as; debit or credit cards. The
customer logs their card information along
with their personal information. The
customer inputs the amount they would like
to load into their gambling account and then
click submit. The amount is charged from
their card and instantly placed in their
gambling account for use. The casino
merchant will receive an increase in new
clients and an increase in account funding
when they choose to use a gambling merchant
account. Gambling merchant accounts are
available for all types of online gambling
businesses. Currently online gambling
merchant industries include; bingo, lottery,
poker, slot machines, craps, blackjack and
other table games available with online
gambling websites.
A common question that most gambling
merchant ask is what does a gambling
merchant need to do in order to be setup
with a gambling merchant account? Gambling
merchants will need to provide several
documents into underwriting with the bank
and payment processor. The requested
documents will include; passport, bank
information, bank statements, processing
statements, utility bills, corporation
information and the appropriate gambling
licenses. After this information has been
submitted a gambling merchant will be able
to expect approval or decline within 7-14
days. If the account is approved a final
merchant agreement is forwarded to the
merchant and the gambling merchant will need
to complete and submit back to the bank and
payment processor. Later on the logins for
the gambling merchant account will be issued
to the merchant for them to begin merchant
account integration.
|