Enjoy the fantasy sports without any chargebacks! Fill out the contact form today. Fantasy sports merchant accounts are difficult to obtain with traditional banking partners and payment processors. This is because millions of young die-hard sports enthusiasts are hooked to fantasy sports and fantasy sports industry and most other gambling businesses have been considered high-risk. High-Risk Holdings offers high-risk merchant accounts to fantasy sports businesses with unparalleled customer support, lower rates, and convenient features. As the risk of chargebacks is so high in the fantasy sports industry, High-Risk Holding worked hard to help our clients who have fantasy sports websites to keep chargeback ratios low.
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While many merchant service providers MSPs shy away from fantasy sports and sports forecasting businesses, BankCard USA embraces this growing industry. The sector is considered high risk by financial institutions for a variety of reasons. Fantasy sports companies experience a high amount of chargebacks, especially when customers lose a game and try to dispute a charge for the service entirely by claiming the payment was fraudulent. Legal regulations, coupled with the risk associated with accepting card-not-present transactions in general, further contribute to the industry's high-risk classification. However, at BankCard USA, we understand the risk of chargebacks and offer merchant accounts with equally high chargeback thresholds. Our fraud and chargeback prevention techniques and state-of-the-art payment gateways offer security, convenience and advanced reporting tools specifically tailored to the fantasy sports niche.
What better way to make the sports you love more thrilling than to craft your own team and compete with friends? It only takes a free application to get started. Simply click the button above to apply. Finding payment processing solutions for fantasy sports merchants can be difficult. Each merchant account is unique, but typical fees include, but are not limited to:.
Almost any kind of business that allows customers to purchase a product or service, especially if those transactions take place through a website, requires a merchant account to give customers the freedom to make their purchases with a debit or credit card. However, businesses in some industries inherently have a more difficult time obtaining payment processing accounts than others, simply due to the way those industries are viewed by banks and processing companies. Sports forecasting and Fantasy Sports websites are among the businesses that face these challenges, as many standard payment processing companies will simply refuse to provide a merchant account. Businesses that offer products or services under the umbrella of any of those industries need to turn to a processor that specializes in high risk merchant accounts in order to accept payment card transactions. For sports forecasters and fantasy sports merchants, this is true despite the fact that the transactions processed through a sports forecasting or fantasy sports merchant account are not themselves more vulnerable to chargebacks or fraud than those of any other business, assuming the website is updated frequently and the tips and picks provided are reasonably accurate. Not for humans. Your choices for high risk merchant account providers largely fall into one of two categories: domestic high risk processors and offshore high risk solutions. For a sports forecasting business just starting up or looking to move away from third-party payment processing for the first time, a domestic high risk processor is likely to be the better choice for a number of reasons. Several offshore processors are payment aggregators, meaning that your transactions will be processed alongside those of other high risk businesses, with the potential that their chargebacks and problems may impact your ability to process credit transactions.