Legalized sports betting is done often in workplaces and between family members, but it is quickly becoming a more lucrative venture in many states. The taboo sports betting of the past is now gone, and many are quickly learning that by legalizing it, you can help boost state economies. If your state has recently legalized sports betting, this is the perfect time to consider it as a new business venture.
Sports betting can bring bad memories of Pete Rose, and shootouts after Las Vegas boxing matches. However, today’s sports betting operations are actually subdued. It is a great way to (hopefully) make some extra cash while watching a sporting match, which is probably what the betters were going to do anyway. While lucrative and in high demand, it can be tricky to find a merchant account provider to process payments. While it is an option to take all cash payments, this isn’t the best idea, especially if you take bets over the internet. Plastic card payment processing is a must, and you need the best services possible in order to keep your operation safe from hacking.
We at EMB know that you need the best possible service and security to protect your customers’ interests. We also know that sports betting merchant accounts are at a higher risk of having fraudulent activity occur, and we will not close your account for it. Instead, we offer chargeback insurance, which helps us, and you, determine if a chargeback is legitimate. Chargeback insurance can also lessen the fees associated with a fraudulent charge. These fees are a big reason why other merchant account processors will not deal with sports betting merchant accounts.
To set up your sports betting merchant account, contact us today!