Gambling Merchant Accounts
Often online businesses looking for a merchant account to process electronic payments using credit cards etc., fall into the risk or being labeled as high risk businesses.
There are a few factors which determine if your business is a high risk business for processing credit card payments or not. Some of the vital factors include – what type of business you have, the business’ profitability, the chargebacks, and business history etc. Returns are also a large factor to determine if you are a high risk business for credit card payment processing.
The high risk businesses fall in two categories – the gray and red categories. The business which falls between a normal business and a potentially high risk business fall in the gray category, while the business that are potentially high risk fall in the red category. Certain business types are considered high risk no matter the businesses’ individual credit history – such business may include – business indulged in adult products, telemarketing, and gaming and gambling to name a few.
Most acquirers and merchant account providers consider gambling as one of the highest risk business online; it is even considered riskier than adult product businesses. This tendency and outlook makes getting a payment gateway for gambling merchants really difficult.
Gambling Merchant Accounts
All legally run gambling website on the internet require Internet Gambling Merchant Accounts. These businesses require merchant accounts in order to accept credit card payments (with respect to deposits or to place a bet) from their customers. A gambling business needs a gambling merchant account because it is virtually impossible to carry out a profitable gambling business without a merchant account that facilitates in processing real time credit card payments from its customers.
However, considering it a high risk business, most merchant account providers shun gambling merchant accounts, leaving such entrepreneurs with no other option than using an offshore merchant account provider. No matter what, you get an acquirer directly, or have to go through a merchant service provider, one thing that is important is that you find the best possible solution for your business.
When it comes to finding the best solution for gambling merchant accounts AMSLV makes its mark felt. We are dedicated at providing affordable and secure merchant accounts to all types of businesses including high risk businesses.
With AMSLV you can be sure that the online credit card processing for gambling merchants would run as smoothly as it would for any other lesser risk merchant account. We have been working with numerous kinds of high risk business and so we are sure (by our experience) on matters a gambling merchant requires for acquiring a high risk merchant account for their website’s credit card processing for gambling.
At AMSLV, we offer the best services and most affordable and secure merchant accounts for gambling merchants because we a have strong network with the most prominent banks, which gives a merchant the credibility of being the best option available out there.
How to setup a gambling merchant account with AMSLV?
To setup a gambling merchant account with AMSLV you will have to apply for a high risk merchant account with us; the application will then be forwarded to our partner acquiring banks; and once the merchant account is received from the bank, one of our merchant account managers will communicate the credit card processing formalities, terms and conditions with you. Approving your account would be setup in a couple of working days.
To get a gambling merchant account, you can simply contact us through a form on our website or get in touch with us directly over the phone (numbers on the website) and we will have a merchant account manager ready to take up your case to assist you.