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Category: Online Casino Merchant Account

How To Obtain Casino Merchant Account Solutions?

How To Obtain Casino Merchant Account Solutions?

The gambling industry, even with all the stigmas and controversies attached to it, is highly flourishing. With the casino business yielding high revenues, the gambling industry is expected to reach $130 billion this year.

With technological advancements and growth, online casino and gaming businesses have also seen a significant rise. It’s only natural then that new merchants are entering the market with the intention to take advantage of this blooming industry.

Apply for a Instant Approval Casino Merchant Account

However, after entering the industry, certain merchants find it hard to sustain their business and fizzle out quickly. Apart from restrictive laws, banking problems also contribute to the challenges faced by these merchants.

In this day and age, no matter the kind of business you operate, offering variety of payment methods and accepting credit/debit cards is of utmost importance. And in order to do so, obtaining a casino merchant account is mandatory.

Casino Business – A High Risk Industry

But, getting a casino merchant account is not easy, thanks to the industry being labelled as high risk by banks and financial institutions. Conflicting laws, High chargebacks, Refunds, Highly susceptible to frauds, Players’ remorse, etcs contribute to the industry being termed as risky by Merchant Account Provider.

How to get Casino Merchant Account Solutions for your business?
Ultra-competitive market and consumer expectations means a merchant cannot afford to operate a cash-only business. Offering online payment options is equally important especially if your casino business has a younger demographic.

Allowing your casino business to accept credit cards will not only provide convenience to your customers but also help in establishing a long and loyal relationship with them.

If you are one of the many casino merchants finding it difficult to obtain regular casino merchant account solutions from your traditional bank or processor, consider applying for a casino merchant account with a High Risk Merchant Account Provider like International Bank Services (IBS).

A industry specific high risk merchant account provider with experience and strong network of acquiring banks will help a casino merchant navigate the industry and provide you with the right payment solutions required to grow the business.

While approaching a potential merchant account provider, make sure to ask the right questions and look out for any hidden charges. Processors usually have a monthly cap on merchant accounts hence it is important to be upfront about your monthly volumes and ticket size in order to avoid any confusion in the future.

With the right merchant account provider and Casino Merchant Account solutions, your casino business is only guaranteed to flourish and expand further.

Posted on August 14, 2019August 14, 2019Categories Online Casino Merchant AccountTags Casino Credit Card Processing, Casino Merchant Account, Casino Merchants, Casino Payment GatewayLeave a comment on How To Obtain Casino Merchant Account Solutions?

Why do I need an online casino merchant account for my casino business?

Do you run an online casino business? Looking for an online casino merchant account? Are you thinking of starting credit card payments processing for your business? But facing trouble getting the merchant account approved? The reality is that most of the card processors consider the casino business a risky one and many times, just automatically deny the request for a merchant account.

Challenges faced by the Online Casino Merchant:

There are many reasons why a business is considered high-risk and it becomes difficult to obtain a simple merchant account. Some of them are listed below –

-Numerous credit cards processing regularly

-Customers not available to sign for the purchases

-History of refunds and charge backs

-Frequent change in online casino regulations which imply high risk and frauds

Merchant Account Providers offer great solutions for Online Casino Merchants:

Look for merchant account providers who offer reliable and secure solutions for your online business. They understand the concerns of online casino merchants and their potentials in the gambling industry.

These merchant account providers have good, strong relationship with offshore banks and work together with them. They also have their own underwriting policies. These providers offer their merchant services to high risk businesses without much hassle.

They also provide safe and secure payment gateways for online credit card processing for casino merchants.

Some of the benefits that Online Casino Merchant Account Providers Offer:

– No set-up fee
– No processing of volume caps
– Credit card processing in real-time with quick reliable payouts
– High security against credit card scams and fraud
– Multi-currency processing

Now you only need to worry about looking for the right kind of merchant account provider that suits your business requirement.

Posted on May 14, 2018November 21, 2018Categories Credit Card Processing, Merchant Account, Online Casino Merchant AccountLeave a comment on Why do I need an online casino merchant account for my casino business?
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