Gaming Account

Gaming, Gambling, Casino, and Sportsbook Merchant Account & Services

According to The Gambling Commission, online gaming and betting in the UK during 2016 contributed to 33% of industry market share. A large proportion of this was made up of sports betting, casino games and online bingo sites. Gambling and online paid gaming sites are more accessible than ever and, therefore, the need for online gaming and gambling payment processors to support the industry has also increased.Online gaming is booming, which makes it even more important for gaming merchants and platforms to pick the right payment solutions for their customers and markets.you’re looking for an online gaming merchant account bank  offering comprehensive online gaming payment solutions and considerable expertise and experience in the gaming industry, then you have come to the right place.

Risk Involved in Gaming Merchant Accounts

Gaming and Gambling merchant accounts are typically classed as high risk due to a number of contributing factors, such as the possibility of gambling addiction, chargeback disputes, and more. This generally means that traditional banks will be reluctant to extend a online casino merchant account .Currently, the biggest online gaming markets are mostly found in the EU. The European online gambling industry is worth a projected 10 billion Euros. The reason is that some countries such as the US and China restrict gambling heavily or allow it in certain territories like Las Vegas and Macau.Though more and more online betting companies are emerging, there is still plenty of room in the industry, which is projected to account for double digit growth in 2019 and the years to come.   Online gaming merchant account and payment gateway for your business, as the risk associated with the high volume, high velocity movements invites a great deal of possibilities for fraudulent behaviour. Alongside this, each country has its own specific restrictions and regulations in place for the gambling industry, and these national and regional restrictions can easily affect an online gambling platform which can be accessed from around the world.Online gambling businesses have a high-volume turnover, which plays a part in the overall risk when an acquiring bank is assessing the complete profile of the merchant.The majority of gaming businesses are based offshore – historically there have been cases of both money laundering and fraud within the industry.If the business is a startup or new to the gaming business, the lack of credit and transaction history can put off an acquiring bank for an online gaming merchant account setup.

Operating in a high risk industry like gaming and online gambling doesn’t mean businesses won’t be able to secure a merchant account. There are several specialist high risk providers and   we work closely with these when working through client payment process options.Online gambling and gaming are considered high risk because of the highly regulated nature of online gambling, and the potential for high ticket high volume chargebacks and thus the merchants must be aware about online gaming merchant account costs.. With respect to regulations, gambling and gaming companies have to comply with complex national and regional laws that govern how they can operate. An online gambling site that can be accessed by customers throughout the world must deal with multiple sets of those laws.

Because of this complexity, most sponsor banks and processors do not accept or board online gambling companies. In addition to the legal and regulatory concerns, the reason many credit card processors and sponsor banks do not accept online gambling companies is the potential for high numbers of high-velocity chargebacks. Given that many online casinos regularly process large tickets, and often move significant volume, if a rogue online casino decided to engage in fraudulent activity and a significant number of their customers initiated a chargeback, the processing bank would potentially face large liabilities and thus there is a list of online gaming merchant account requirements which the merchant has to fulfill.

Why Online Gaming is considered HIGH RISK

Online gambling is commonly known as gaming within the merchant services industry. It’s tabbed as high risk by most online  merchant account providers. The reasons are as follows:

  • Online gambling businesses feature a high-volume turnover
  • Most gaming businesses are based offshore
  • If the business is a startup or new, acquiring banks can be put off by the lack of credit and transaction history

However, if you operate in the high risk industry such as gaming and online gambling, you shouldn’t think you can’t secure a online gaming merchant account for your business.We have relationships with various banks in the domestic and offshore regions for setting up merchant account for online casino and online gambling credit card processing. You must be aware about online gaming merchant account requirements, online gaming merchant account rates and features of payment gateway for online gaming.

Domestic and Offshore Direct and Aggregated GAMING MERCHANT ACCOUNT Options

Not every online gambling organization is the same. Some primarily market to north american clientele, others European, South African, Australian, and others global. Some require multiple currencies, others need accommodation for high-tickets, high velocity, or significant volume variation.
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How help ?

Via dedicated gaming acquiring partners, we offer you everything you need to accept gaming card payments and pay out winnings easily and securely. Our feature rich dedicated gaming solutions  and online gaming merchant account for credit card processing are fully flexible and have been developed to deliver value and growth to your business. Accept credit and debit card payments easily and securely, process repeat and deferred payments, manage refunds, pay out winnings into one easy to use and customisable platform integrtated with various online gaming merchant account providers

Pricing & Contract Terms

If you are looking for an online gambling merchant services provider, contact us via email or call us today to discuss your options for obtaining a merchant account for your online gaming or gambling business. We’ll discuss the following:

Discount Rates ranging from 1.95% to 12.00%

Authorization Rates ranging from: $0.20 to $2.00

Monthly Fees: Rates ranging from $5.00 per month to $249.00 per month

Other Contract Terms:

  • Rolling Reserve requirements ranging from: 0% rolling reserve, to 25% rolling reserve
  • Holdback Periods: Typically 7 days
  • Contract Length: Month to Month is available
  • No Application Fee
  • Direct funding with regular deposits (either daily or weekly depending on offshore v. onshore)

iPayTotal specializes in both online gaming merchant accounts and online gaming payment gateways and offers the best gaming merchant account in the industry. iPayTotal’s team of experts in online gambling payment processors work closely with providers to ensure you can get the best for your business needs.

Via dedicated gaming acquiring partners, we offer you everything you need to accept gaming card payments and pay out winnings easily and securely. Our feature rich dedicated gaming solutions are fully flexible and have been developed to deliver value and growth to your business. Accept credit and debit card payments easily and securely, process repeat and deferred payments, manage refunds, pay out winnings into one easy to use and customisable platform.

With regular releases and a resilient infrastructure you can rely on our platform and focus on what’s important for your business; delivering the best possible experience to your customers.

Our team of experts in online gambling payment processors work closely with providers to ensure we can secure the best deal possible according to the needs of the business.

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  • Casinos
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  • Internet Sports Books
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  • Games of Skill
  • Small Lottery
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  • Powerful risk management tools
  • Full reporting interface
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  • Multiple payment methods
  • PCI DSS specialism
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  • 24/7 365 days a year support
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  • Multiple acquirers in one solution
  • Payment solutions adapted to your needs