The Online Gaming industry is booming nowadays, the industry is not only expanding but also becoming more innovative, nevertheless, the problems with acquiring a merchant account for business still prevail. If you run an online casino and are looking for merchant account services for your business, your search ends here!
Although getting a merchant account will open doors to many benefits, but, due to the nature of the business, it is classified as a high-risk business, making it problematic to register. Radiant Pay is a leading merchant account solution services provider in London, UK. We guarantee to provide approval for your Online Casino Merchant Account with the best solutions and innovative features by leveraging years of experience at the lowest possible fees.
You can learn more about us and this type of account by reading the information below. We invite you to contact us for more information at https://radiantpay.com/contact.html and to have a conversation with us.
It is more likely for you to get approved for this merchant account in the UK than in the United States because your application will be mostly rejected by banks. Even though approval of an Online Casino Merchant Account is easier in the UK, you are still supposed to submit at least 2 years of history and a large amount of deposit.
Online Gambling is prohibited in many countries, Radiantpay will ensure to provide services in possible open markets, using different banking solutions.
Advantages of having a merchant account
The presence of an identification number, which allows you to transfer funds automatically, is one of the features of a casino merchant account.
- Increase sales with an easy-to-use interface
- limiting a company’s operational costs
- Acceptance in international markets
- Currency control is lacking
- The processing firm is secured 24/7
- E-commerce payment methods are simple to integrate
Tips to get your merchant account approved
Processors are more likely to take on a higher financial burden when dealing with high-risk merchants. The following are some of the factors that contribute to a company’s risk:
- Chargeback ratios that are consistently high
- History of credit card processing
- Credit Card Score
- Statements of bank account
- Negative Bank Balances
- Late payments and unpaid bills
The best way to prepare for the recheck is to have a business principal with a good credit history apply for the account, pay any outstanding liabilities, and keep your cash balance low. Following these steps will increase a company’s chances of getting a casino and online gaming merchant account approval with lesser roadblocks, such as higher processing volume grips or a lower rolling reserve.
Why Radiant Pay?
You can try to get your merchant account by going from one financial institution to the next, but this could take a long time. Even after acquiring a merchant account, you’ll still need to consider a variety of other factors, such as finding a payment gateway provider and ensuring chargeback protection, among others. Radiant Pay has everything you’ll need, and we’re here to help. In addition, we will make the appropriate recommendations so that you can take advantage of the best possible conditions and services.