Gambling Payment Processing
Choose your gambling merchant account with PurePay
Pricing and service in one go
PurePay offers the strongest solution for Gambling Merchants
Gambling License Required
PurePay offers payment processing in Europe, therefore the merchant has to have a European company plus fulfill requirements needed thereto which includes having an European issued gaming/gambling license. Licenses also accepted are: Gibraltar, Alderney, the Isle of Man and Curacao. All Gambling merchant accounts are categorized with the 7995 MCC code, which help the payment processors identify the transactions and restrict certain countries.
Restricted/Prohibited Countries
We have a retricted/prohibited policy as these follow local laws in gambling. These countries are blocked or retricted: Brazil, China, Hungary, Hong Kong, Iceland, Israel, Japan, Lithuania, the Netherlands, Norway, Poland, Singapore, South Korea, Switzerland, Turkey and the USA (Unless providing local licenses)
Popular types of gambling:
Gaming Machines/Poker
Lottery
Online /Offline casinos
Sports betting
Skill based gambling
And these are estimated to increase 8% annually on a worldwide basis.
How do I get Gambling Merchant Accounts?
PurePay provides adult merchant accounts for e-commerce merchants with the best terms on the market and we ensure you get a bank specializing and understanding high risk industries like adult credit card processing. Call us today if interested in getting a gambling merchant account by simply click the links below to get started. PurePay’s solution is available for e-commerce businesses, offline businesses and more.
What Costs are Associated with Gambling Merchant Accounts
Fees that PurePay will charge depends factors like: Processing history, method of sales, Countries, Volume of sales, and products. All merchant accounts are unique but included terms stays the same for most:
Merchant discount rate
- Transaction fees
- Monthly statement fee
- Monthly gateway fee
- Four and a Half – Six-month rolling reserve (Depending on bank)
- Charge back fee
- Refund fee
Why is gambling credit card processing defined as high risk?
The main risks within the gambling sector are money-laundering, fraud and regulation. Gambling products could be used for money transfer between people colluding with one another and/or with the house. Also included in the risk overview there is the high probability for chargebacks due to losses from their customers but we have solutions to help prevent these.
PurePay as your partner
Now that you have a clear understanding of not only what adult processing is and why it is high risk, you know now understand why PurePay is your best choice to help you. We understand your needs and business like no other and we will work 24/7 for you and to get you the best terms. And we have the solutions you need!
So get in touch with us today!
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