Fantasy sports have gained popularity from quite some time now and it seems like they are gaining its momentum in the UK now. EskayPay’s fantasy sports merchant accounts, allow the merchants dealing in this industry a secure and reliable payment gateway.
Why Is Fantasy Sports Considered A High-Risk Industry?
In the eyes of many acquiring banks, fantasy sports fall under a high-risk industry. It is so because many acquiring banks believe that this industry is somewhat similar to the gambling industry since the money is being wagered. Businesses that operate in the gambling space are more likely to be faced with excessive chargebacks, fraud, and instances of money laundering, all of which can increase liability for a payment processor. This increase in potential risk means that most payment processors will automatically refuse to work with fantasy sports companies.
Finding payment processing solutions for fantasy sports merchants can be difficult. But not anymore. Approach us at EskayPay for getting credit card processing solutions for your fantasy sports website. We offer a fast merchant account application process and an expert team of the merchant account providers to get you approved quickly.
How to Get A Fantasy Sports Merchant Account?
Our merchant account managers are available to resolve your query at any point in the day. Once you are associated with us, leave all your worries to us and get ready to expand your business across the borders.
We offer numerous merchant account solutions for fantasy sports merchants:
Offshore Fantasy Sports Merchant Accounts (with payment processing history):
- Six months of payment processing statements with company name displaying total sales, chargebacks, refunds and returns.
- Six months’ worth business banking statements
Offshore Start-up Fantasy Sports Merchant Accounts
- Six months of business banking statements or a business bank letter
- Provide six months of personal banking statements in case of no business banking statements available
** The approval time for both the processes is around 5 business days to 2 weeks
Benefits of choosing EskayPay Payment Solutions:
- It offers diverse credit card solutions for improving your transaction experience
- Helps you to safeguard your transaction through high-risk solutions
- Detects fraud with its feature of fraud screening that tracks the misuse of credit cards and debit cards.
- Allows you to accept payments in multi-currencies
- It has a user-friendly portal which is easy to use and safe
Fantasy Sports Merchant Account Fees
The typical fees include, but are not limited to:
- Merchant Account Fee
- Transaction Fee
- Discount Rate
- Merchant Account Registration Fee
- Monthly Statement Fee
- Chargeback Fee
- Refund Fee
At EskayPay, with our high-quality payment gateway solutions, we intend to give you the great accessibility to accept e-payments through different payment methods. With us, you will find the most cost-effective and reliable payment gateway that will help your high-risk business to succeed and expand your presence globally.
Read our another blog post : International Payment Gateway
High Risk Merchant Accounts 