Fantasy Sports Merchant Account by High-Risk holdings

With an increasing rise in online gaming among players, many business are considering growing their own fantasy sports business. This means new companies are looking for high-risk merchant accounts that are suited to their industry type. Online fantasy sports games like football, basketball, soccer, baseball hockey and other esports are taking a huge stage in an online entertainment world. These new wonders for eCommerce and strategic gaming share a unique factor when it comes to payment processing.

Not only fantasy sports merchant account accepts payments, but they also allow players the chance to get paid in return. This means fantasy sports are considered a form of gambling.

Payment processing for fantasy sports

Certain banks have different levels of risk involved and when it comes to payment processing for fantasy sports banks are open to accepting those business models typically called a ‘’legal opinion letter’’. This means the business does not require a gambling license and is legal in all states where they grant the sale of their service.

For payment processing solutions for your fantasy sports website, High-risk holdings offer a fast merchant account application process and an expert team of merchant account managers will get it approved quickly. Simply visit our website and fill the form to apply.

We offer numerous solutions like Kratom merchant account for CBD merchants just give us a call and get a high-risk merchant account for your industry.

What do you need to get started?

To start, banks want to see a transaction history of your business. If you have high purchasing volume in the last 3 or 6 months and show that the transactions have low chargebacks, a bank will look favorably at your application. For example, if you own a Shopify based eCommerce store with PayPal or Square in the past, you will be able to share your information in these accounts to help you get a more feasible solution. Additionally, your business should be registered in the USA or Canada. However, offshore high risk merchant account Shopify requires international banking partners who specialize in credit card processing payments with different countries.

Other items that require by underwriters for review are-

• A valid government-issued identity card, such as a driving license.
• 3 months bank statements.
• A letter from the bank or a pre-printed cheque.
• A secure, fully operational website with trusted policy and refund policies.
• Chargeback ratios must be less than 2%.
Location: 2332 Fourth St Suite A, Berkeley, CA 94710, USA

Comments

  1. shane leeFebruary 2, 2022 at 12:37 PM

    That's a pretty tall order, even for businesses with established histories and vast marketing networks. North American Bancard ISO

    ReplyDelete

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