Gambling Merchant Account Services
When processing the payments of e-commerce businesses, it is the acquiring bank’s responsibility to transfer money from a customer’s credit card to the merchant account of its client business. It is essential for an online gambling site to have an easy and immediate access to its funds.
High Risk Merchant Accounts
Web-based gambling merchant accounts are considered by the credit card associations (Visa, MasterCard, etc.) to be high risk. This is because of two main reasons. Firstly, historically such merchants have produced high rates of chargebacks, which has made the associations wary. Moreover, there is extra regulatory scrutiny over internet gambling, which has made the card brands even more cautious.
Gambling Business Types
Business activities classified as gambling are those taking place at hotels, as well as at events having primarily to do with beverages, food, construction, wardrobe, surveillance, security, decoration, designing, advertising, publications, marketing, telecommunications, video and audio, lighting, management, displays, gaming equipments and supplies, entertainment, amusement and others.
The Importance of Fraud Protection
Casinos and the the online gambling industry as a whole are prone to distrust, which has, naturally, caused problems for the industry. Business often do not trust the people involved in gambling, as there are risk factors mostly to do with fraud that are often left unresolved. As e-cash can be used in many types of illegal activities, most businesses avoid doing business with gamblers altogether.
That is why at UniBul we have made it a priority to ensure that all transactions generated within your gambling merchant account are safe and secure. To begin with, our payment gateway is fully PCI compliant and then we employ a host of fraud protection services to guarantee a safe payment processing environment. This, in turn, allows us to secure for you the best terms of service with the credit card associations and, consequently, the best pricing terms.
Management of Gambling Merchant Account Services
It should be self-evident that the proper management of gambling merchant account services should be of great importance, and it truly is. Not only does it typically involve the processing of large transaction volumes every day, but it also has to do with monitoring things like declined authorizations, customer disputes and chargebacks. You need to be on top of all of these things as even the slightest omission can lead to major losses.
That is why at UniBul we give you the tools to manage your gambling merchant account services easily and efficiently through our user-friendly merchant portal. It is a powerful platform that puts you firmly in control of your business.
Gambling Merchant Account Requirements
To qualify for gambling merchant account services, you need to have a gambling license — there is no way around that requirement. If you don’t yet have such a license, there are companies which specialize in providing assistance in getting an offshore gaming license, to whom you can turn.
Once you’ve secured your license, you will not only have qualified for gambling merchant account services, but you will have also increased the level of trust in customers, vendors and service providers. It is, in short, a license to succeed.
What Our Clients Say about UniBul
UniBul is ranked based on 159 user reviews.
UniBul enables American and international businesses to accept payments for the things they sell on their websites.
