Online Casino Merchant Account
Running an online casino is impossible without a way to process credit card payments. Unfortunately, getting an online casino merchant account can be an uphill struggle due to the high-risk label that comes with any gambling enterprise. Read on to learn more about this issue and how you can solve it.
- Online Casino Merchant Accounts
- Online Casino Merchant Account Login
- Online Gambling Merchant Account
- Online Casino Merchant Account
- Secure solution through an Online Casinos Account. The need for a casino merchant account is on the rise due to the rise of online casinos worldwide. The present generation is grasping the information in the technological world around us and at the same time is searching for a way to earn money through it.
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- Specializing in providing high-risk merchant accounts for social gaming, MMO, and online casinos, EMB offers customized payment processing solutions for all types and sizes of companies. To begin the process, apply online now. Merchants can get approved for a casino and online gaming merchant account in as little as 24 hours.
Casino Merchant Account – Helpful pointers Just for Trendy Online Casino Games. By EricSchultz Published August 28, 2021 Business Online gaming, just like mainstream gambling in casinos, can be quite a very exhilarating experience, as is typical with most games of chance.
Why Online Casino Merchant Account Seems Difficult?
Online gambling has never been more popular, even though the industry has in the past few years been shook up by new legislation.
This makes it very attractive to start or grow an online casino business.
Traditionally gambling establishments have been highly profitable businesses, giving us the phrase “the house always wins”.
Unfortunately, this is not the case for new and even established small and medium-sized casino businesses.
If you don’t have (unrealistically) heavy financial backing, then getting an online casino up and running is made difficult by the fact that it’s labeled as a high-risk industry.
One of the places where this is most evident is when you try to get an online casino merchant account to connect with your business.
What Is The Risk Factor For Getting Online Casino Merchant Account?
- First of all, there is no federal law that says that gambling and online casino businesses are “high risk”.
- This is simply a category designed by banks and other financial institutions. Nonetheless, it’s very real.
When you try entering a high-risk industry, it becomes increasingly difficult to obtain funding like a bank loan.
It also becomes difficult to even get approved for an online casino merchant account and payment gateway, which will allow you to process online debit and credit card payments and receive these payments in an account.
As soon as you are on the high-risk list, most merchant account providers won’t even consider your application.
Some may grant you a merchant account but will revoke it at the first sign of “trouble” – any activity that looks more risky or suspicious than regular e-commerce credit card activity.
So if you get more chargebacks than the norm, your account can be shut down, and if you have the wrong provider, your funds can even be frozen.
That can swiftly suffocate your business by both cutting off your cash flow and seizing the revenue you have already generated.
Others again may provide you with an online casino merchant account and a cloud payment gateway but will charge exorbitant fees for connecting them to your business and for processing payments.
The high prices can be just as suffocating to your business as not having any cash flow at all because they barely leave any profit margins for you to take out or to reinvest.
High-Risk Merchant Account For Online Casino
- To avoid dealing with institutions that will waste your time but never provide you with any service.
- Or mainstream payment gateways that will suddenly shut you down and freeze your money.
- You need to look for a provider that can give you an online casino high-risk merchant account.
A high-risk merchant account is created with the higher risk of a gambling business (among others) in mind. This means it won’t be suspended like a regular merchant account would when you get chargebacks or experience other things common to online casinos.
A high-risk merchant account can be very expensive, however – so we’re back to potentially large fees.
This is where 5 Star Processing enters the picture.
Get Merchant Account With Low Fees
Not only are we experienced high-risk merchant account providers, already working with hundreds of businesses in high-risk industries like Gambling, Tobacco, CBD, and Adult Entertainment – we also provide the best fees and rates in the industry.
With 5 Star Processing, you are guaranteed low credit card processing fees, and you can get fast approval for your online casino merchant account – so that you can start collecting payments as soon as possible!
Call Now For Best Rates and Fast Approval
We’re ready to assist you and answer any questions you may have about getting and keeping an online casino merchant account. And if you want to start your application, we’ll guide you through the process already today.
Call us now at (888) 253 9692 or send us an email at [email protected].
Online Casino Merchant Accounts
The online gaming industry is expanding day by day, fact. Nevertheless, there are still many difficulties that online and offline casinos encounter – from legal restrictions to problems with getting payments. One of the things that you can do to ensure the non-problematic operation is to set up a merchant account for your casino at favorable conditions. PaySpacelv is able to find the best possible solution for you thanks to many years of experience, lots of innovative features, cooperation with reputable partners based worldwide, and more. Below you will find more information about us and this type of account. For more information, we encourage you to contact us for further discussion.
Initial information about a casino merchant account
Getting a casino merchant account will allow you to enjoy various benefits, but registering one may be problematic because such businesses are considered to be high-risk by many domestic financial institutions. Some of the reasons for that are chargebacks and high volume sales. In the US, your application will be likely rejected by most banks, and while in the UK it may be a little bit easier, you will still have to provide at least a 2-year history and a large number of deposits. Registering your merchant account in offshore zones is the best way for you to go. More about the benefits of setting up an offshore gaming account you can find below.
Important things to keep in mind
If you are thinking about launching a casino, you should think through your target audience. You will be able to operate based on your license, which may restrict a range of countries. Why is it important? Because when looking for a provider, you need to ensure that you will have all the features and opportunities that you need. Particularly, you should have a clear idea about the following:
- What payment solutions do you want to offer?
- Which payment gateway is it better to choose?
- In what countries do you intend to operate?
- Payments in what currencies are you willing to accept?
- Would you like to be protected from chargebacks and fraudulent attempts?
- What sales volumes do you plan to have per month?
- What integration options you need to pick?
Benefits of offshore banking for online casinos
Offshore banking has plenty of benefits, particularly, for those who want to establish a casino, including the following:
- Quick, easy, and hassle-free registration because offshore banks are less demanding than domestic financial institutions;
- Availability for different businesses, including those with a low credit score, bad payment processing history, etc. because offshore legislation is less strict than that in the US;
- More opportunities because you will be able to get paid by customers from different countries in currencies of their choice;
- Taxes benefits because you will either have to pay low taxes or no taxes;
- No volume caps which allows you not to worry about the number of transactions and the volume of payments.
Why you need assistance
You can try to get your merchant account yourself by going from one financial institution to another, but this may be time-consuming, and — which is the worse thing — it may be ineffective. Even if you manage to become a lucky owner of a merchant account, you will still have to think about lots of other things, such as finding a payment gateway provider, ensuring protection from chargebacks, etc. This will also take you a lot of time and can be exhausting. PaySpacelv has everything you need, and we are ready to provide you with any assistance you want. Moreover, we will provide you with the right recommendations so that you could enjoy the best possible conditions and services.
Reasons to choose PaySpacelv
Online Casino Merchant Account Login
PaySpacelv is a single destination that you need for everything to start getting payments from players. We allow for setting up a merchant account within the shortest period of time in the most favorable conditions.
You will be able to pick from different integration options and forget your worries about security. Also, we know how to protect you from fraudulent attempts and chargebacks, which will ensure that you will be able to operate for a long time without experiencing any problems with your acquiring bank.
Online Gambling Merchant Account
Of course, you will be able to operate only according to your license that you get for your business activity. Nevertheless, we will ensure the smooth payment processes from countries and in currencies of your choice.
With us, you will be able to get PCI DSS certification and choose between 3D and non-3D security. Also, we offer recurring billing, so that you and your loyal customers could enjoy more convenience.
How to apply for our services?
Online Casino Merchant Account
We have many solutions available for different businesses, but to choose the optimal option for you, we need to know your situation. Let’s discuss your circumstances, our services, and your benefits as well as our conditions only if you contact us. We tried to make it easy for you to find us, and that is why we have several contact methods to choose from, such as telephone number, email address as well as an online contact form. There is also a merchant form available on our site, which has been specially designed and launched for those who are interested in getting a merchant account.