Internet growth & technological creativity along with innovation, industries have risen. With constant online casinos, the universe is one industry that is known as the Casino industry. This industry has grown into a multi-billion-dollar business. The digital Casino industry is also one of the booming industries with a growing parabolic graph for Online Casino Merchant Account in the world.
Why is the Online Casino Industry referred to as "High Risk"?
Have you searched for how you can get a Casino Merchant Account or Gambling Merchant Account?
We refer to it as a high-risk industry. The Acquiring Banks call out the Casino industry as a high-risk industry. It s difficult to search for an Online Casino Merchant Account. While with online casinos, you can create small transactions & they hit with a much higher percentage fee. The Acquiring Bank sets these criteria.
The merchant account providers consider Online Casino Merchant Account as high-risk merchant account because of the following reasons:-
The Casino business holds a high volume turnover that is a risk factor
The Acquiring Banks & merchant account providers refer to the Casino industry as a high-risk industry
The Casino businesses are offshore based & get money laundering & fraud that makes it as a high-risk business
The merchant account providers and banks consider the product that deals into the Casino industry as a high-risk product as there is a potential for huge charge-backs & refunds that increases the liability the processor would incur while processing for the business
The Casino business merchants are relatively new in the field & contain no credit line that increases the chances of insolvency & places the bank/merchant account provider for underwriting them at a financial risk.
Thus, all these signs show that online Casino & casinos are lucrative businesses, various traditional financial institutions won t gamble upon them.
With PayCly, you can easily get a Dedicated International Merchant Account. The international network of banks/partners that are expertise in Online Casino Merchant Accounts & payment processing systems facilitate your access to extremely competitive rates. This ensures a kind of resiliency in the business that operates across multiple acquiring banks. Also, the best solution provider helps the merchants to provide you with one of the best solutions that can expand your business.
The requirement of documentation while applying for an Online Casino Merchant Account
The specialized solution provider of merchant accounts is developed specifically for Casino & casino organizations. If you are eager to get an Online Casino Merchant Account, you need to fill the Online Merchant Application Form- https://www.PayCly/apply-now/ You will get in touch with one of the best executives who can guide you to expand your business. Along with this all, the merchants must have the availability of the following documents to provide to processors 7 the underwriters:
A valid, government-issued ID, such as Pan Card or driver's license
A bank letter or a void check
3 months of most recent bank statement
3 months of most recent processing statements
A charge-backs ratio under 2%
An SSN (Social Security Number) or EIN (Employer Identification Number)
2 Months most recent Utility Bill
Company Incorporation Papers
So, to keep your Online Casino Merchant Account in a good position, You need to choose the best solution provider.
The casino industry holds a lot of risk involvement. There arise various factors while running a casino business. If you are running a casino business then you must get an Online Casino Merchant Account. This helps to make your business secure as well as safe. While running a high-risk business like the casino, there arise multiple difficulties. Since it holds fraudulent activities, the merchant needs to be careful with his transactions. You must secure your business with a Casinos Account to run your business effectively.
Enhance your business with Online Casinos Merchant Account
Running a casino business is not at all an easy task. While you are running a high-risk business, you must set up a benchmark. You must secure your business transactions through a merchant account. It helps to associate your business widely.
Turn your business dynamically using an Online Casinos Merchant Account
If you have a Casinos Account then it becomes easier for you to make quick transactions. This instead helps to extensively grow your business on a huge scale. With multiple payment solutions, you can move ahead of your business on a huge scale. This helps to save your time along with consuming manpower as well as energy in transportation. The credit card processing solutions for your casino business leads your business at a great level.
Prefer PayCly for running transactions in a flexible manner
If you are planning to go extremely high then prefer PayCly for getting the best Casinos Account. The company aims to satisfy merchants with the best gateway solutions globally.
Along with this, with huge competition in the market, the company holds goodwill in terms of the services. As the company is transparent to the merchants so builds a trustworthy image in the eyes of the merchants. Even the merchants become glad to shake hands for a long duration of time.
If you are looking for a Merchant Account then you should get in touch with PayCly Since the company holds a great span of experience, you should get yourself secured with the best services. So, for more details along with information in-depth, you can get in contact with PayCly The company looks forward to helping the merchants globally with the best Casinos Merchant Account.
Tags : High Risk Merchant Account, International Payment Gateway, 2D Payment Gateway , Travel Payment Gateway, eCheck Payment Gateway , eCheck Payment Gateway Singapore