Sports Fantasy League Payment Processing Solutions

Mar 17, 2015

Sports fantasy betting websites are becoming a mainstream idea, which means that can bring big business. While the funds are good, you may lack the ability to accept and payout funds. Because the processing industry has turned their nose up at sports betting, you may think that you are doomed to fail. Relax, as there is a solution to your problem.

While sports fantasy betting websites are about to boom, thanks to baseball season, you may be lacking a way to accept payments. You may try PayPal as a source, but often PayPal shuts down accounts that take on too many transactions. And if you get a fraudulent claim, they will most likely close your account. This abrupt closing can do more harm to your company than going without a processing account. However, since this is an online industry, you most definitely need a processing account to accept plastic card payments.

Finding this processor can be tough, especially if you are trying to Google it. While Google is great for many things, it is not always your best bet when looking for a sports fantasy payment processing account. Many companies pay Google for top listings, so you never know who is really the best. You should instead look to insiders for the best option. You should look to insiders, such as topcreditcardprocessorsratings.com to help you discover the best processor. The best option, according to clients and topcreditcardprocessorsratings.com is EMB.

EMB, or eMerchantBroker.com is one of the top-rated high risk merchant account providers in the USA. While sports fantasy websites are lucrative, they are new, and risky, so a traditional merchant account or payment processor is not an option for you. Instead, you need to look for a high risk processor, such as EMB. EMB is not only experienced with traditional high risk companies, but new high risk companies, such as e-cig account, adult dating website accounts, and the newest endeavor, sports fantasy websites. The application process is easy, which is a breath of fresh air for those who have dealt with banks and other processors. Merchants are also approved quickly.

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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 on 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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