Benefits of a Fantasy Sports Merchant Account
Fantasy Sports is one of the leading sources of income for many internet marketers. What Fantasy Sports refers to is placing a bet on the future outcome of a game. Sports such as soccer, American football, baseball, basketball, etc. generate revenue for both companies and individuals.
For Fantasy Sports companies, fantasy sports payment processing is a crucial aspect of their business. A merchant account is essential for any online business. Fantasy sports are played across several different platforms. Mainly on mobile phones and laptops. The requirements for these fantasy sports vary. There are specific payment gateways for different types of online businesses. The gateway chosen by the company depends on the type of payment scheme that is adopted. Some of the most popular payment methods include credit cards and ACH.
One of the most secure methods of payment processing for Fantasy Sports is through FintechMerchantAccounts. We provide payment processing specifically for the purpose of allowing access to fantasy sports and online gaming to accept payments internationally. Our platform offers secure payment processing. We use 3Ds technology which uses multiple and unique identification numbers. They are generated based on the card details entered by the customer.
Major Benefits of a High-Risk Processor For Fantasy Sports
One of the major benefits of using FintechMerchantAccounts for fantasy sports payment processing is that it allows for easy payment processing. The customer provides their credit card information over the phone or online. The processing companies can safely and securely process the payment from the customer to place their wager. This means that customers do not have to worry about the security of their payment details. Many Fantasy Sports companies make it mandatory for customers to pay a one-time fee to register with them so that they can process their fantasy sports betting transactions.
A second major benefit of using fantasy sports payment processing companies like FintechMerchantAccounts is that it makes the process of getting approved for credit card processing for high-risk clients easier. When working in the fantasy sports industry, you are considered high-risk from a payment processing perspective. Some of these people may be unable to pay their bets or may use forged cards to make their transactions. In order to keep your business running smoothly and to protect yourself from fraud, it’s essential to use payment processors that have a high level of security measures and risk tolerance.
A third benefit of using a merchant account for fantasy sports credit card processing is that you will always have a steady and reliable source of income. Even in cases where the customer has provided fraudulent information and credit card details, the fantasy sports industry does not go anywhere. These companies are able to run the business even when customers have faced fraud. You don’t have to close your business just because someone was unable to pay their bet. Your business can still operate as usual and will earn money even when a lot of your customers lose money because of errors on their part.
Finally, it’s important to note that high-risk merchant account providers have slightly higher transaction fees. However, you have the ability to accept international payments and settle in any currency you choose. Being able to accept payment from around the globe means that you can earn more profit even if you have higher transaction costs.
There are a lot of benefits to opening a merchant account for fantasy sports with FintechMerchantAccounts. Credit card processing is very convenient for many owners who are conducting sports betting and gaming transactions online. This option eliminates the hassle of dealing with difficult customers and offers instant payment. If you’re planning to expand your business and you need to accept credit card payments, consider using us, we can offer the best rates and a higher level of security.
If you are in the Fantasy Sports or Online Gaming industry we want to provide you with the following articles to help you expand your business. We also invite you to call us at 617-918-7235. You can also leave us a comment in our comments section and we will respond to you within 24 hours. If you do not want to do either, you can ask our assistant on your screen below.