Make a Fortune with Fantasy Sports

Mar 20, 2015

A battle is raging over the legalization of sports betting in the United States. As a result, sports fans and businessmen are betting on their favorite teams online. Fantasy sports has become a booming business. In lieu of other forms of legal sports betting, many have flocked to fantasy gaming websites like DraftKings and FanDuel. Not only are fans winning and losing billions of dollars online, major sports organizations like the NBA are signing lucrative contracts with these websites while combating any efforts to legalize sports betting offline. This duality has some legislators and industry professionals crying foul.

Currently, federal law strictly prohibits the licensing, advertising, sponsorship, operation, or authorization of gambling on any amateur or professional sport. Some states have fought to legalize sports gambling in their states, but have been met with threats of legal action and cease and desist efforts by the same organizations that engage in fantasy sports. But the league disputes that fantasy sports is sports betting at all. Instead, they claim, that fantasy sports is a skill-based pursuit, whose outcomes are determined by multiple variables instead of a single game so it isn’t technically gambling.

This explanation falls flat for the state of New Jersey, whose Attorney General is accusing the NBA and NFL of trying to monopolize sports betting. FanDuel and DraftKings have contracts with the New York Knicks, Los Angeles Lakers, the Philadelphia 76ers, Dallas Mavericks, Orlando Magic, Chicago Bulls, and the Brooklyn Nets. Fantasy sports has also extended into the NFL with teams like the New England Patriots and Washington Redskins ready to play.

Until the United States finally legalizes sports betting, fantasy sports will continue to reap the rewards of being the only sports gambling game in town. Now is the time for merchants to carve out a spot in the fantasy sports world. The fantasy sports merchant account managers with eMerchantBroker.com will provide 24 hour protection for your merchant account. Our full service merchant suite will take your business to the next level.

Let us help you get a high risk merchant account today!

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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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