Banks or Financial Institutions do not readily accept payments for these High-Risk industries, via credit card or any other online mode, mostly due to high credit card chargebacks and frauds. Spreading the Customer base internationally is an even bigger challenge considering variable norms and currency limitations. There are many factors that are considered while tagging a Business 'High-Risk' like the nature of Enterprise or Industry, types of Customers, transaction volumes, geographic location and payment terms. Nevertheless, we dedicate ourselves to providing you with processing solutions well customised to suit your business needs, regardless of the elements stated above. Our consultancy services involve understanding the Client's business requirements, identifying suitable payment methods and helping secure a Payment Service Provider perfect for Merchant's business needs. We do not believe in the 'One-Shoe-Fits-All' approach.
Best Online Casino Merchant Account Providers
Online casino merchant accounts | Gaming merchant accounts in EU
It is commonly supposed that only online businesses and companies benefit from using a wide range of online merchant account options. However, it is not so. Casino merchant accounts are widely applied in gambling industry as well. Irrespective of the fact that casino merchant accounts offer considerable revenue options, they imply a substantial risk level probable chargeback, fraud, refunds etc. That is why the majority of banks offering merchant accounts are hesitant when it comes to dealing with online casino merchants, who, in their turn, consider such state of affairs inappropriate. There is a great difference between accepting online casino merchants in the US and in the UK. Setting up a casino merchant account is beneficial for gaming merchants due to its ability to help them manage their casino business and control their profits.
Online Casino Merchants and Payments
Accepts all major currencies. Ideal for online casinos and gambling operations companies. Unfortunately, finding a payments partner that can deliver on that is difficult. An online gaming company faces legal and logistical hurdles for every jurisdiction within which he operated in, and as a result, no low risk processing banks will accept merchants facing this complex legal environment, and the number of high-risk or offshore banks are few. The second reason online gaming is typically regarded as high risk is that online casinos often have high tickets combined with high chargeback levels.
A merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. When a customer pays for a product or service with a credit card, the funds are first deposited into the merchant account and from there eventually transferred to the business bank account. Transfers to the business account are normally done on a daily or weekly basis. If you are going to operate an e-commerce business and want to accept credit card payments online , you need at least one internet merchant account even if you already have a merchant account, in many cases. Applying for and getting a merchant account is not a slam-dunk process even though the business of issuing merchant accounts is highly competitive.