online gaming merchant account reviews. What is iGaming? In contrast, “iGaming” typically refers to online gambling offered through casinos. online gaming merchant account reviews

 
What is iGaming? In contrast, “iGaming” typically refers to online gambling offered through casinosonline gaming merchant account reviews  The Covid-19 pandemic took the world of eCommerce by storm, as online sales hit $5

National Processing: Best For Clover Processing Hardware. Online gambling, is commonly known as gaming within the merchant services industry. Fill out the quick & easy form or pick up the phone and call +1 (800) 530-2444. The online gambling industry is vast and like other industries has many hurdles to overcome. FintechMerchantAccounts is leading the market when it comes to providing casino and online gaming merchant accounts. Among the many services offered, good-standing merchants of record have access to effective chargeback management tools that prevent. So, EMB offers merchant accounts to many online gaming businesses, including: Casinos; Horse race betting; In-play gambling; Lotteries; Massively multiplayer. So, you need not stress about it. Having a merchant services account is an integral part of payment processing for your small business. Fees also vary by provider and in most cases, pricing is set individually for every merchant. Merchant solutions comprise payment processing services, merchant accounts, chargeback management, fraud prevention, etc. If you have all the documents and meet all the requirements, the next step is to file your application. Dedicated M. Debit and credit cards are the natural development for. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online payment gateway and. The company has simple, straight-forward, transparent Interchange pricing with a small markup or zero-markup monthly-fee-based pricing for larger businesses. Having a gaming merchant account can be beneficial for online gaming businesses, but it's important to be aware of the potential risks involved. Go high level is an all in one marketing platform to help entrepreneurs, marketers, and agencies grow their businesses. The finest investment an online gaming business can make is to look for a high-risk merchant account that is reliable and trustworthy to process payments safely. The data breach incident sold customer details for £1 each in this scam. Gaming payment processing refers to the methods and systems used to handle transactions related to online gaming. There is an agreement made between the merchant acquiring bank and an acceptor for the payment settlement. Here is a list of the documents that the merchant must provide: With these criteria in mind, let’s look at our top seven high-risk merchant account providers: PaymentCloud: Best For Free Credit Card Terminal. This gives processors time to develop a customer risk profile by evaluating payment flows, average ticket sizes, processing levels and chargeback ratios. FintechMerchantAccounts is leading the market when it comes to providing casino and online gaming merchant accounts. You must find a payment processor which reports instantly any refund inquiry by the players. In-person payments with a PayPal QR code: 1. Even if skill gaming stands far away from gambling, there might be some. If you buy an account for a say an. We understand the need for fast, secure payment and. We guide online casino businesses in establishing accounts to manage player deposits. Square’s pricing is always transparent. . Friendly & Professional. When selecting a high-risk merchant account for your online gambling business, there are several key factors to consider: Industry Expertise. Moreoer, it is a secure. Our solid infrastructure allows us to take even greater payment processing risks. A merchant account is a type of business bank account that allows businesses to process electronic payments such as debit and credit cards. Experience a secure and seamless gambling payment processing solution with PayFasto’s gambling merchant account. eMerchant Broker: Best for High Approval Rate. This merchant account helps merchants to collect online payments from players. An online gaming merchant account is a payment processing account devoted to online gaming businesses. To complete the application process, you’ll need to provide various identification and paperwork. For a long time business. Helcim : Best All-in-One Platform. 20. 11 per online transaction w/ discounts for nonprofits & high-volume businesses. The digital gaming businesses usually have a high volume of turnover. Overall, Clearly Payments receives a score of 4. Game sales included online subscriptions, downloadable content, mobile apps and social networking games. You can also call 1-800-318-2713 to speak with a live representative today. The process is easy, so you can focus on more important things. In fact, the company boasts a 99% approval rate for all applicants. There are no Reviews for this user, be the first to write one Click to leave a review. Chiefly, it means video sports played over the Internet, where numerous players are from diverse sites all over the globe. Host Merchant Services is a payment processing provider that offers robust solutions for businesses seeking offshore credit card processing. The usage of an online gaming merchant account enables companies to receive payments more quickly and easily from customers. 2. Also, the merchant account providers always suggest the business owners to mandate at least a 12-to-16-character password for the gaming players. WebPays is a leading full-stack credit card processing provider that offers its services to all sizes of high-risk businesses, such as online gaming, gambling, forex, e-commerce, adult entertainment, IPTV, etc. Offshore bank accounts offer benefits such as lower taxes, increased privacy, and expanded global reach. WebPays: The Ultimate Solution. In fact, the company boasts a 99% approval rate for all applicants. – Merchant Account Statement Auditing – Rate & Fee Negotiation – Processor & POS Selection – Software Integrations – Risk Assessment – Fraud Prevention – General Processing Advice. The lowest sales threshold for an ISO account falls at around £80,000 per year for Visa, whereas the highest sales threshold is required by Mastercard at £800,000. Complete assistance for merchants. Capture fees. The process is easy, so you can focus on more important things. National Processing. 2. Find the best merchant account for your high-risk, international, or offshore business. What Is Gaming Merchant Account?A gaming merchant account is a type of payment processing service specifically designed to serve the needs of gaming businesses. Q: What is a high-risk merchant account? A: A high-risk merchant account is a type of merchant account specifically designed for businesses considered to be high-risk. At Easy Pay Direct, we have extensive knowledge of the industry and help businesses just like yours operate smoothly and without issue. We always remain in service to merchants in order to review their performance over payment services. co offers a full compliment of online payment solutions for high-risk businesses. We help companies who need to acquire an online gaming merchant account and run a sustainable business. As an important and ever-developing market, online gaming has exploded over the years and is expected to continue to gain in popularity. In order to be a successful website owner, you need to have a smooth payment processing. An Ideal online game-savvy merchant account. For any updates on progress and should you have any queries please consult this website in the first instance. 2. Gamers keep themselves informed of any new releases that gaming platforms and service providers may make. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online. 15% + $0. Robust Offshore Payment Processing Solutions. At PayFasto, we aim to provide one of the best gambling merchant accounts on the market today. A high-risk merchant account is among the favorite targets of fraudsters for a data breach. With EMB, you can enjoy top reliability, convenience, and ease of payment processing. The digital gaming business is thriving as the global demand for online gaming increases. For a merchant, a better approach is to immediately make an action plan and work on ways to. The tremendous rise in the accessibility of gambling and online paid gaming sites has increased the importance of merchant accounts in this industry type. Your customers will likely appreciate being able to use their credit cards especially for online payments. 1% for ACH bank debit transactions. The issuer will also claw back the disputed amount from the acquirer. You must find a payment processor which reports instantly any refund inquiry by the players. See full list on quadrapay. Deposit: When user makes Rs. Online Gaming Processing. From merchant accounts to payment gateways, from ACH processing to chargeback prevention. Its main purpose is to receive deposits and payments, as well as to set payouts and player awards. An online gaming merchant account is a payment processing account devoted to online gaming businesses. Requirements for Online Gaming Merchant Accounts. In the event of a service cancellation while under contract, a merchant may be subject to a $295 cancellation fee that is automatically withdrawn from the merchant’s attached checking account. Quickly send money to winners. There are two kinds of merchant accounts for the gambling business: coded and non-coded. Include the larger number of games to your gaming platform will surely bring huge profits. 15 per transaction. Ratings. At this time there are no other reviews or ratings to be found for CBD Merchant Account anywhere online. To succeed, legal online casinos need to be able to earn money by gaining players’ trust by reliably charging their cards. Gaming merchants are businesses that handle transactions for both online and offline gambling companies. Each staff reviewer at Merchant Maverick is a subject matter expert with experience. Upgrade to Easy Pay Direct so you can worry less and focus more on what matters, your. Credit Card Processing For Small Business. Casinos, gambling, or gaming, including fantasy sports websites; Check cashing services; Cigarettes, e-cigarettes, or vape shops;. Merchant account providers can add their own characteristics to the list, but here are a few that will characterize your business as high-risk: $20,000 or more in monthly sales. For these e-gambling businesses there are two basic “must-have” financial services: A merchant account A gambling friendly bank account Many banks lack. With a merchant account from Instabill, we offer live support Monday. This merchant account is customized according to the need of the online gaming business. 99 on Steam. It provides a reliable payment solution for both the business and the players. Complaints & Service: Omega Processing complaints number fewer than 10 on public complaints forums. It offers the merchant the ability to accept payment transactions online, utilizing their merchant account and controlling the complete customer experience. 7995 - Betting (including Lottery Tickets, Casino Gaming Chips, Off-track Betting, and Wagers). This common Amazon scam purports to "reward" you, a loyal Amazon customer, with a company discount voucher. Making an account by a customer is the first step, and the online gaming merchant account holders should try to give the best experience on this part. If your internet merchant account provider deems you to be PCI non-compliant, you’ll face a PCI non-compliance fee of around $30 per month until your account is compliant. This is software is no better than ANY other merchant services. This process occurs strictly between the two banks. Read the fine print. com (EMB), which specializes in high-risk processing services, including merchants with bad credit. Helcim is No. If a representative signs on 15 clients per month and at an average of $50/client every month, he/she gets to. $15 monthly fee ($12 for nonprofits) Interchange + 0. We've mixed the best PSPs below. All online businesses aim to keep chargebacks to a minimum as they can lead to additional fees and reputation damage, with many banks and merchant accounts being blacklisted as a high risk. 40. 5 out of 5 stars, and we highly recommend checking the company out if you’re in a high-risk industry. With the increase of Gaming site in today’s world, the need to enhance your transaction surges. Its features include the essence to render the best possible services in the entertainment sector to the Gaming merchants. Easy to get a statement. 3. The company rates as an exemplary merchant services provider according to our standards for both U. Bonus abuse is a more basic scam closely linked to multiple account fraud. Durango Merchant Services: Best For Offshore Merchants. Finding the right merchant account can be a challenge for online gambling companies. An internet merchant account is a business account that stores your money after a customer makes a purchase using their credit or debit card. According to Newzoo’s findings, by 2023, it is estimated that the global gaming market is set to exceed $200 billion. FYI – GBO is a premier payment solution provider for online casinos. In fact, the company boasts a 99% approval rate for all applicants. Traditional banking solutions aren’t willing to take the risk. With Go High Level you can easily capture new leads, build full-blown websites, and landing pages, drag & drop surveys and forms, plus online appointment setting. The industry of online gaming is booming. 2. #1 PaymentCloud Strong Reputation For Fast Approvals. Direct, Aggregated, U. Review your credit card statements regularly for unauthorized charges. Our tailored merchant account services feature advanced fraud prevention measures and easy-to-use payment processing tools. The company offers a wide range of payment processing services, including virtual terminals, point-of-sale systems, and mobile payments, and can provide. 6% + 10 cents for every tap, dip, or card swipe that happens in person. The Discount Voucher Scam. The Gaming business runs as per the types of gaming mentioned earlier. In most of the scenarios, Each merchant service provider received a rating based on over 50 data points. Stripe: Best Online Processor. Instead of requiring a contract, the company. Instabill has provided secure credit card processing services for thousands of e-commerce, POS and MOTO businesses globally, backed by international and domestic acquiring banking partners. 40 /100. With the help of a gaming payment gateway, a player can easily purchase the subscriptions, characters of the game, and expansion packs with a single click in the UK. For our round-up, in-person costs range from 1. As of this update, we are able to locate just 1 negative Emerald Business Solutions review, which does not accuse the company of being a scam or a ripoff. Online gaming merchant account needs just the merchant ID and password to operate. 5% + 15 cents when you manually key in a transaction. One of the two best and easiest countries to get an online gambling license in the market: Anjouan Gaming License – A new license regulation is starting to be more and more popular with gaming operators and has a good option for a Curacao license. Just by calling us or filling out our online contact form, you'll get instant access to information about credit card processing and other merchant services available through PaymentCloud. An offshore merchant account is a type of bank account specifically designed for businesses outside their home country. A typical processor and merchant account won’t cut it and is guaranteed to eventually be frozen, shut down, or worse. People often think that the only way to get a gaming merchant account is through an existing…No matter you’re a new business or the owner of top adult websites, you can get a secure and low-cost adult merchant account if you turn to EMB. Create A Business Bank Account. Applying for “No-Credit-Check” Merchant Account: Step-by-Step Guide. It’s also free of monthly fees. Everyone, from small children to adults, has their own game obsession. Find Online Gaming Merchant Account reviews and more. WorldPay – Best for set monthly fees and regular payouts. co offers a full compliment of online payment solutions for high-risk businesses. One of the two best and easiest countries to get an online gambling license in the market: Anjouan Gaming License – A new license regulation is starting to be more and more popular with gaming operators and has a good option for a Curacao license. GSPAY is a little-known high-risk merchant account provider that offers a variety of fixed rates for different types of businesses. S. Gspay. Or diversify accounts for backup and mitigation of processing risk. The best small business merchant services accept all common credit cards, including Visa, Mastercard, and American Express. Square Merchant Services: Best for Startups. Stripe is one of the leading merchant services providers out there. Online gaming requires a specialized emphasis on certain issues. For example, Segpay authorization payments incur a $0. You can also call 1-800-318-2713 to speak with a live representative today. The vast majority of banks who are giving them a credit line consider this factor high-risk. We offer Online Gaming Merchant Account to the merchants through which merchants can operate their business transactions seamlessly. dollars by 2023. Gaming is very similar to casinos. At Axcess, we provide tailored merchant services which meet the. Looking into future possibilities we. Payment processing for online gaming merchants. Focusing primarily on high-risk e-commerce businesses, eMerchantBroker claims they approve 99% of all account applications. Contact us today at 1-877-296-3690 to discuss your online gambling website’s credit. People could always find things that are new and might be more interesting to them after a while. This phenomenon, known as iGaming, has evolved into a multibillion-dollar industry while still being in its infancy. Bonus Abuse. Gaming; Healthcare; Marijuana / Cannabis; Medical; Nutraceuticals & Supplement. This also reflects the prevalence and appropriateness of the Gambling Merchant. The Payment Gateway processes the transaction and responds to the. Read More. You'll discover that we offer the latest credit card processing equipment, guaranteed 24-48 hour deposits, competitive pricing, and dedicated account. Our priority is for your business to achieve long-term viability and success with the help of industry-specific merchant services designed for growth. SMB Global: Best for international merchants. National Processing offers different plans based on whether you’re accepting payments in-person or online, and it promises $500 if it can’t beat high-volume ($10,000 or more in monthly sales. US and international merchant accounts. It may come from an email attachment or a messenger. 100% customer satisfaction quality; Trusted by up to thousands of merchants worldwide. 75% plus 30 ¢ents per. Skill gaming merchants should aim to secure an MCC7994 code. It looks like the simple mechanism – card processing, but is a well-thought-out algorithm of actions that is carried out between players, a bank and an online gaming platform. If you are in need of a fast and reliable merchant account, contact us online now using the live chat feature below. If the math of a few dollars adding up to a $100,000/year still seems ambiguous to you then look at it this way. A gaming merchant account is interpreted as a high-risk account for many reasons: The turnover rate at your business may be too high. Best merchant services in 2023. Corepay rates as one of our best choices for high-risk merchant accounts, and should definitely. Tags: High Risk Business. Instabil is a leading high risk merchant account provider for online gambling merchants, e-commerce, MOTO, and retail businesses. Establish a single online gaming merchant account. Your merchant account receives funds and credits your. co offers a full compliment of online payment solutions for high-risk businesses. Call +1-(727) 330 - 3944for more information!. Pros. The issuer will also claw back the disputed amount from the acquirer. View Website. Travel Merchant Account. According to a recent survey, over 70% of online gamers prefer to make transactions with their debit or credit cards. EMB is voted the #1 high risk merchant account provider in the US and has an A+ rating with the BBB. Think of it as a buffer zone, where your income sits while on its way to you. We authorize high risk merchant accounts with the services you require to effectively run your eCommerce organization. Focusing primarily on high-risk e-commerce businesses, eMerchantBroker claims they approve 99% of all account applications. Soar Payments offers high risk and offshore credit card processing for hard to place merchants. Does. eMerchant Authority offers payment processing options for both domestic and offshore gaming businesses. ccNetPay – Best for a simple pricing structure and EU transactions. This also reflects the prevalence and appropriateness of the Gambling Merchant. The strong team of gaming merchants, merchant account providers, and the gaming payment gateway create a secure network for the players. What’s a merchant account? A merchant account is a facility to process payments from customers. Once you’ve found the game you want, click Buy Now to pay with a card, or click the PayPal button. Based in Portsmouth, New Hampshire, Instabill has been covering the high-risk merchant space since 2001. Smart routing. The merchant account acts as the middleman between the. Click to continue reading gaming merchant account and high risk merchant account. 1. It involves the transfer of funds between. The new Curacao gaming License – We will assist with obtaining licenses under the new regime. The virtual terminal connects to the banking network through a Level PCI-DSS compliant MOTO payment gateway, the highest level of security available. Moving companies. Create A Business Bank Account. So, it may be hard to find a good gaming merchant supplier, but it doesn. It will typically allow payments to be made via credit and debit card. 100% customer satisfaction quality; Trusted by up to thousands of merchants worldwide. To apply for the merchant account, you will need to prove the legitimacy of your business by getting a business license. Account Set-up: Merchant maintains two nodal or escrow accounts; one for deposits and one for withdrawals. You can begin the process by just applying online now. The online gaming industry requires high risk merchant account. For a look at other great choices in payment processors for Canadian merchants, check out our article on. An online gaming merchant account becomes a primary requirement because the online gaming industry has increased in popularity in recent years. 05 (USD) fee. The best investment that an online gaming company can make is to seek out a reputable and trustworthy high risk merchant account to securely process their payments. For more information, visit the National Processing website or call (385) 777-1235. It immediately stops the transaction, if the fraudster gets caught. 69 is 87% cheaper than Steam. Offshore high risk merchant account providers can be crucial for businesses that operate in industries with higher-than-average levels of risk, such as e-commerce, adult entertainment, and online gaming. The gaming content users can consume the services without fear of losing their financial data or identity through identity theft. Square Payments: Best overall free merchant account. Online gaming requires a specialized emphasis on certain issues. CardMax Payments offers flexible accounts, easy set-up, and competitive pricing. Merchants trading in online gaming requires an online gaming merchant account. The Best Merchant Account Services. PayKings is leading the industry of payment processing, especially for high risk merchants. In other words, the payments from your debit. Gaming players invest a massive amount of money; thus, gaming platforms are a promising option to steal a lot of money through credit cards. According to Statista, the global media and entertainment market is projected to grow to $2. This will reflect a 37% growth all factors remaining constant. RadiantPay is a trusted and reliable payment service provider that offers a range of gaming merchant account solutions tailored to meet the unique needs of the online gaming. Instabill. In 2023, probably more than ever, the competition in the online gambling industry is fierce, and players demand nothing less than a flawless gaming experience. 4 in our Best Credit Card Processing Companies for Small Businesses of 2023 rating and No. We can get you set up in as little as 2 DAYS! *Hint: This is easier cause we can fill out your application for you!A payment gateway is what keeps the payments ecosystem running smoothly, as it enables online payments for consumers and businesses. Unlike regular merchant accounts, they’re not designed to process in-person transactions, operating solely with online. Reasons to Choose Karma Payment Solution for Online Gaming Merchant Account. 3. CardMax Payments offers flexible accounts, easy set-up, and competitive pricing. These features will help you to carry out online transactions with ease. Does. Contact us online or call 1-800-318-2713 today. This makes it an excellent choice for high volume businesses that want. Merchants may be rejected based on the nature of bookings. When online and casino companies request merchant accounts processors and underwriters need to verify that. Gaming Industry Merchant Services. Gaming Merchant Account for Gaming Merchants in the United Kingdom. An iGaming merchant account is a specialized financial service that empowers online gaming and gambling businesses to process payments from their players. The average American’s credit score is 695, and that rating. Dharma: Best for Transparent Pricing. The company has a positive reputation for transparent customer service and reliable support. Quickly send money to winners. If your business is struggling with poor credit, you’ve likely been turned down for a merchant account by your standard, low-risk provider — but don’t worry. Social gaming. E-Cig Merchants Trust Easy Pay Direct With Their Merchant Accounts & Processing. A nutraceutical merchant account is a type of merchant account that is specifically designed for businesses that sell nutraceutical products, such as dietary supplements, vitamins, and other health-related products. From merchant accounts to payment gateways, from ACH processing to chargeback prevention. It involves the transfer of funds between players, gaming companies, and financial institutions to enable the purchase of in-game items, virtual currencies, or to fund player accounts. Speak with one of our qualified Merchant Account Representatives. better service. Merchant accounts for online gaming include a potent payment processor. These mechanisms vary widely in cost, but a typical online or physical high-risk merchant account payment gateway may cost anywhere from $50 to several hundred dollars, depending on your preempted volume. E-gaming companies operating an online casino need a merchant account in order to accept payments from their players. You pay 2. started today! Our gateway will enable you to accept credit cards and local payment models in no time. Online Gaming Merchant Account | Segpay handles all sorts of high-risk payment processing, and online video gaming is one of our specialties. 2. The Covid-19 pandemic took the world of eCommerce by storm, as online sales hit $5. High-risk accounts. We’re going to dive deeply into the business side of B2B gaming services in this article, concentrating on the juicy specifics of company formation, obtaining the right gaming licenses, abiding by the AML guidelines, unlocking those corporate bank. One essential service that top merchant services offer is credit card processing. Need a merchant account for an online casino? We rank the top 5 credit card processing options for online casinos. Dr Animesh B. 3. Supported industries: Adult services, CBD, online dating, vape sales. EskayPay is a well-known payment processing company that caters to all sizes of online businesses. Tier 1: This is the right option for businesses that process under $25,000 per month. Instabil is a leading high risk merchant account provider for online gambling merchants, e-commerce, MOTO, and retail businesses. The solutions to payment processing issues for casinos may be slower than you prefer but the newer MCCs should provide some reassurance to merchant account providers. A merchant account is a type of business bank account that allows businesses to process electronic payments such as debit and credit cards. Dedicated M. A merchant account is an essential tool for credit card processing online, in-store, and even on the go. Here’s how this process works: 1. From merchant accounts to payment gateways, from ACH processing to chargeback prevention. Clearly Payments Review - February 6, 2023. Soar Payments: Best for. 23 10 minute read A merchant account provider allows your business to accept debit and credit card transactions alongside other key services, such as payment processing. ONLINE GAMBLING MERCHANT ACCOUNT — MCC CODES. Corepay’s emphasis on eCommerce makes it a particularly good choice for online-only businesses. WebPays: The Ultimate Solution. Or diversify accounts for backup and mitigation of processing risk. To lessen the burden on our clients, we provide an easy and organized application process to help you get your gaming or casino merchant account in a matter of days. PayPal – Best for a pay-as-you-go pricing structure. Game sales included online subscriptions, downloadable content, mobile apps and social networking games. We open merchant accounts for companies working with the following online gaming. Merchant Account Solutions is a merchant account provider that is simply a DBA of International Card Services and Integrated Card Service. An in depth explanation what an online gaming and casino merchant account, who the best high risk merchant account provider is and how to get approved fast! Login; Get Started! (800) 993-6300. PayPal: Best for Ecommerce. PayCly is known for its excellent payment gateway services and provides online gaming payment gateway solutions for gaming businesses. Easy and smooth Payments. Once approved, the merchant account deducts the transaction amount from the customer’s credit card. Merchant Account Solutions is a merchant account provider that is simply a DBA of International Card Services and Integrated Card Service. 1. 5. Setting up the additional locations to stay updated about the regular transaction records is not important. The online gaming merchant account with PayKun is ideal for your gaming mobile application or website. Best for online service businesses. Host Merchant Services: Best for Interchange-Plus Pricing. Each transaction requires a small fee. Licensed or registered gambling businesses and websites acquire coded merchant accounts. Moving companies. PayKings Provides Online Gaming Merchant Accounts. According to a recent study, the online gaming market is projected to grow by $142. There’s no such thing as a free lunch, and the same goes for online gaming merchant accounts as well. We currently. In order to ensure a consistent transactions flow, merchants need to be connected to the appropriate banks. For example, Segpay authorization payments incur a $0. It's free to sign up and bid on jobs. Stripe: Best for owners of multiple businesses and brands. The online gaming market is growing rapidly, and gamers are more aware than ever of what can be expected from infrastructure providers and gaming platforms. This gives processors time to develop a customer risk profile by evaluating payment flows, average ticket sizes, processing levels and chargeback ratios. The growth in digitalization is the main reason for the industry’s growth across the globe. For more information, visit the National Processing website or call (385) 777-1235. Credit card. The merchant. Customer Support. The account is arranged by a payment service provider which works as a mediator between the acquirer bank and the business. If the bank does file a chargeback, they’ll transmit the dispute information to the merchant’s bank. 50% + $0. Once approved, the merchant account deducts the transaction amount from the customer’s credit card. Merchant accounts are for all types of gaming and online gambling companies. Online gambling has fewer regulations than land-based casinos, thus banks are wary of lending to online gaming businesses. Though the company does not explicitly list rates on its website or program guide, merchant reviews reflect a swipe rate of 2. Account Set-up: Merchant maintains two nodal or escrow accounts; one for deposits and one for withdrawals.