What are poker merchant accounts?
They are an account that is used for poker
merchants to process their credit card and
debit card transactions seamlessly without
the hassle of having the customer send money
by bank wire or western union. Poker
merchants want to make the act of funding
their account as easy as possible which will
guarantee that they have gamblers funding
their accounts regularly. The easier it is
for poker players to fund their poker
accounts, the more money they will deposit.
A poker merchant account is the only way a
poker merchant is able to accept credit card
and debit card payments. The account is
opened with a bank or payment processor that
specializes in poker merchants. Once the
poker merchant account is active customers
will be able to make regular deposits into
their online poker account.
What does a poker merchant need to be
setup with an online poker merchant account?
A poker merchant must make contact with a
payment processor that focuses primarily on
setting up poker merchant accounts. There
are many merchant account providers however
only a few of them actually setup poker
merchant accounts. It is important that
these poker merchants work only with a poker
merchant account provider. Merchant account
provider will require a few documents before
they are able to submit your account into
underwriting. The poker merchant will need
to provide their; license, bank statements,
previous credit card processing statements,
corporate documents, passport and utility
bills confirming the business or the owner.