online betting, gaming & 'high risk' payment solutions - accept credit cards
One
area of difficulty for new-start online betting companies is gaining
a merchant services account to accept credit and debit card
payments.
This issue is often overlooked and it can come as a surprise to betting and gaming companies, and those businesses deemed 'high risk' by the banks, such as bookies and the online casino industry, that securing a merchant services ID can be problematic.
Often the few banks that do issue merchant services accounts make it almost impossible for you to fulfil their requirements.
The stumbling blocks include:
The bank wants a hefty cash security.
The bank insists the directors have extensive experience in the online
betting industry.
The bank insists your company has several years online trading under
its belt.
The bank sends you down an 18-month path of form filling and due
diligence.
The bank does not approve your geo-targeting.
More often than not, they simply refuse to give merchant service status.
WBTsoftware can help any online business that is deemed high risk by the banks to accept credit cards. There is no requirement to be an existing WBTsoftware client.
WBTsoftware has brokered an arrangement where we can fast-track your application for a merchant services account. Typical lead time is just four weeks. We can help licensed online betting companies, irrespective of jurisdiction, in the following situations:
New-start online
sportsbooks, sports betting or e-gaming companies.
Existing online betting or gaming companies operating in and facing any
jurisdiction, even
usa betting and usa casinos in any of the following
areas:
sportsbooks, casino, poker, bingo, backgammon,
bookies et cetera.
Existing e-gaming companies whose PSP ('Payment Solutions Provider' aka
'Payment Service Provider') arranged their merchant services account
for them. You will almost certainly be paying too much.
Online companies in any other industry except adult & 'win-a-house'
raffle competitions.
The credit and debit card merchant accounts include these services/options:
Secure, PCI compliant payment systems.
Multi-currency if required.
Accept payment by telephone as well as online, either using your online
payments system, or in the absence of an online payments system by
virtual terminal.
Automatically integrated fraud screening.
Ability to integrate with third party fraud prevention systems.
Detailed reporting systems.
Integration support and ongoing support.
3-D Secure.
Visa repayments via OCT.
We can also implement the integration of your website with the payment gateway. If you require, we can create tailor-made payment pages, credit card databases and payment reporting systems for your website.
Do not sign with your preferred PSP until you have spoken to us. For further information and pricing please contact us.