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View Full Version : Merchant account for gambling site


gremo
01-20-2006, 05:20 PM
I am looking for 3rd party merchant account for gambling site. Any recomendation?

simosea
01-20-2006, 05:39 PM
ampworldwide.com
ccavenue.com
loudcommerce.com
cdgcommerce.com
worldpay.com
etelegate.com
merchantequip.com
edatacards.com
e-paycompany.com
globalprocessing.com
cardsgate.com
ecs-world.com
clickmerchant.net
bgbilling.it
monstercommerce.com

Look through these sites may be you’ll find something useful. I was looking for a cc processor for cigarettes and these are my records. If you find nothing I’ll give you more sites.

steven-v
01-20-2006, 06:03 PM
I don't think you kind merchant account for gambling amoung this low risk providers. You need to go directly to high risk bank and negotiate according your needs - also nobody will talk with you if you talking about less then $100,000 a month

touol
01-20-2006, 06:11 PM
it is not true about $100,000 month.
A gambling merchant with lower volume can get a merchant account.
But there are some issues with gambling.

simosea, is it start-up business or you have a processing history already?

steven-v
01-20-2006, 09:22 PM
touol - and how much processing fee going to be ? 15% ? :) with holdback or freezing funds after 1% of chargebacks ??? Yeah - no thank you.

If you really want high risk merchant with FAIR terms (6-7% processing fee, no reserve and 3 business days deposits to your checking account) - $100K/month is MINUMUM high-risk banks will talk about...

touol
01-21-2006, 08:14 AM
if you have gambling license and EU presence, then you can take Direct Merchant account between 3-5% :)
Offshore solutions costs a bit higher.

There are many solutions and everybody decides what it is good to him.

steven-v
01-21-2006, 05:30 PM
Yeah I did sough guys who opens Dutch company's for this kind of merchant accounts and they lost merchant account after three months due to 1.5% of chargebacks. Whole process cost like $15K and it's doesn't pay back. Also processing fees was about 8% - not 3 or 5%.

Give me Bank Name (or better URL) who can do this for 3-5% as you saying please - EU residence and license is not a problem.

jenstone
01-22-2006, 04:59 AM
I think that you should check out safecharge.com I know they are a well known name in the gaming industry