Online gambling is commonly known as gaming within the merchant services industry. There are a selection of partnering banks who will accept applications from newer gaming companies and save money for more established ones.
To ensure your gaming application is successful the majority of providers will require six months transaction history, a business plan or accountant’s projections and the relevant gaming or gambling license.
As with most high-risk, higher turnover businesses it is suggested that you have more than one merchant account Working to support your site.
Meaning that if you have been served notice by one gaming merchant account provider, the site can still accept card payments as normal using the backup account.
It is perceived as a high-risk industry by the majority of card processing providers for several reasons: