How to Get a Gaming Merchant Account

Jun 09, 2017

Currently, the biggest online gaming markets are mostly found in the EU. The European online gambling industry is worth a projected 10 billion Euros. The reason is that some countries such as the US and China restrict gambling heavily or allow it in certain territories like Las Vegas and Macau.

Though more and more online betting companies are emerging, there is still plenty of room in the industry, which is projected to account for double digit growth in 2017 and the years to come.

Online Gambling Merchant Services

Online gambling is commonly known as gaming within the merchant services industry. It’s tabbed as high risk by most card processing providers. The reasons are as follows:

  • Online gambling businesses feature a high-volume turnover
  • Most gaming businesses are based offshore
  • If the business is a startup or new, acquiring banks can be put off by the lack of credit and transaction history

However, if you operate in the high risk industry such as gaming and online gambling, you shouldn’t think you can’t secure a merchant account for your business. All you need is to turn to a reputable payment processor like emerchantbroker.com that specializes in the high risk sector and knows your business like no one else. EMB specializes in merchant accounts developed specifically for gaming and casino companies.

Gaming Merchant Account from EMB

EMB specializes in both online gaming merchant accounts and online gaming payment gateways and offers the best gaming merchant account in the industry. EMB’s team of experts in online gambling payment processors work closely with providers to ensure you can get the best for your business needs.

As long as your casino and gambling business can maintain a chargeback rate below 3%, emerchantbroker.com can get you a merchant account geared for either your high ticket or your high volume need. Be sure you can have your merchant account set up in as little as 48 hours.

EMB is voted the #1 high risk processor in the US and boasts an A+ rating with the BBB. EMB is rated A by Card Payment Options and is one of Inc. 500’s Fastest Growing Companies of 2016.

Award winning.

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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