Trying to find the right merchant account for your business can be an overwhelming task. Few payment processors offer merchant accounts for this industry, so how do you know you are getting the best and safest option? With fantasy football season upon us, now is the perfect time to do a little payment processor shopping. Here are a few tips that will help you find a provider that is right for you and start accepting payments.
High risk support
Above all, you will want to make sure the provider is a high risk specialist. They will understand the challenges your business faces and how to mitigate the risks. A high ratio of chargebacks, for example, is one of the top concerns for fantasy sports merchants. So much so that traditional banks will not even consider working with you and setting up an account. A payment processor that supports high risk payments, on the other hand, can get you approved in as little as 24 hours.
In addition to supporting a high risk company, does the payment processor understand the ins and outs of a fantasy football business? It is not uncommon to have your merchant account frozen or even completely dropped by a leading aggregate payment processor, leaving your players eager to place bets without a way to place them. Ensuring you are partnering with a processor that has industry expertise is paramount if you want to operate without interruption.
The features a fantasy football business needs are unique. It may require a subscription-based model, phone order-based or online order-based. Make sure the processor you choose supports the features you need to operate efficiently. As you search, keep in mind they will also need to be able to approve high risk payment processing based on the fantasy sports your business supports: football, baseball, basketball, hockey, NASCAR, soccer, golf, etc.
Because chargebacks are such a common occurrence in the fantasy sports industry, the payment processor must go beyond being aware of them – they need to be capable of helping you tackle and prevent them. An industry leading chargeback protection and prevention program will help you minimize chargeback risks and proactively protect your business when a dispute does arise.
Get a Fantasy Sports Merchant Account
As a high risk specialist with years of experience in providing high risk merchant accounts for fantasy sports businesses, eMerchantBroker.com (EMB) is in the game and ready to assist merchants in processing credit card payments effectively and efficiently. EMB offers customized payment processing solutions for all types and sizes of companies and boasts an A+ rating with the Better Business Bureau (BBB).
To begin the process, you can apply online for a fantasy sports merchant account. Merchants can get approved in as little as 24 hours. Once approved, EMB can also set up chargeback management tools and a payment gateway, along with a fraud filter for online payments.
These are just a few of the accounts EMB approves for fantasy sports:
Start the application process today and we can have you set up with a merchant account in as little as 3 days:
- No Application Fees
- Competitive rates
- No VISA/MasterCard Required
- Secure Payment Gateway