If you are planning on operating / well-established an online gambling business, you are going to need a gambling merchant account. Gambling payment processing is integral to your operations- without it, you cannot receive deposits from players, or make payouts to players as well. The online gambling industry is vast and, like other industries has nefarious actors. Therefore, conventional banks are somewhat sceptical of those operating within the gambling industry.
Getting an online gaming merchant account is not easy, but as long as you comply with the requirements and provide the required documents and information, as well as going through an experienced payment services provider or acquier, the chances to get your gaming merchant account approved are extremely high. The key to success is partnering with someone who knows the industry and can help you navigate the complex application process.
Global Merchant Solutions can help you open an online gaming merchant account that will cover all kinds of gambling including:
- Sports betting
- Online casino
- Online poker
- Live Betting
- Online lottery
- Live Table Games
- Online Bingo
- Fantasy Games
- All sort of games of chance.
There is no cost to apply for a gambling merchant account, however, the minimum processing volume to apply for a gaming merchant account via Global Merchant Solutions is 200,000 USD.
If your application is accepted, there will be set up or processing fees involved. Additionally, you will receive a detailed fee schedule for all your transactions. This fee schedule is offered on a case-by-case basis and based on the volume, geographical location of your customers, average transaction size and other factors.