Baseball season is here, and some is the beginning of baseball’s fantasy league. Some states are legalizing online sports betting, but can lead to a great business opportunity. However, as with all great business ideas, this one has a few glitches. Most importantly, you will have a hard time finding a sports fantasy merchant account.
Merchant accounts allow a company to take in and process plastic card payments and checks. You need this, whether you are a freestanding store or an e-tailer. While processors should want to work with a business that is sure to make money, they do not want to do with sports fantasy merchants, due to the fact that the industry is untested, and that many types of online gambling businesses have higher risks of incurring fraudulent charges. These fraudulent charges can cost the merchant and the processors many times more than the original cost of the item.
Luckily, there are options for you. High risk merchant account processors exist, and they cater to those in the high risk category, regardless if it is because of industry labeling or the merchants bad credit. The problem is that very few offer sports fantasy merchant accounts. Again, the niche is so new, that few know what to do with it. This may seem like a letdown, but there is one option that knows the ins and outs of the business, EMB.
EMB, or eMerchantBroker.com, is one of the first to offer a sports fantasy merchant account. With EMB, you will get top-notch processing service, with the added benefits of the understanding of a high risk processor. While others claim to understand the industry, they panic when a fraudulent charge arises. With EMB, we know that a fraudulent charge is just something that happens sometimes with high risk companies. In addition, our fees are industry-standard, whereas many “high risk” processors jack up their fees. When you get ready to open your sports fantasy online gaming business, be sure to contact EMB.