GBO will provide you with access to API integrations and analytics data to create a customized checkout page based on the customers’ needs. Our extensive network of partner banks, and an elite portfolio of tailored online payment solutions for the eGaming businesses can help you scale by reducing the risks associated with higher transaction volumes.
Key benefits of opening merchant account for eGaming business with GBO:
- Support for multiple merchant account IDs (MIDs)
- Enhanced reporting tools
- Simple integrations
- Merchant dashboard with permission levels
Our experts are well-versed with all aspects of the online gaming industry’s unique framework for a business account, its diversified categories, SIC and NAICS codes, and VISA MCC. GBO team partners only with PCI DSS compliant payment gateways that provide data vault for tokenization for the credit card numbers to prevent hackers from accessing your customer data.
We combine our sophisticated GBO expertise with human oversight and review. Our experienced underwriters will ensure that no card brand rules, and other regulations and laws are violated. Our team will ensure that your online gaming business merchant account is compliant and present your business to increase approval and gain credibility.
Opening an Online Casino Merchant Account
Gaming Merchant accounts are essential to all eGaming businesses in order to accept card payments from online players. The eGaming market is considered a high-risk industry and so it is hard for eGaming companies to get approval from merchant account providers. eGaming is considered high-risk due to the high chargeback rates; anti-money laundering issues and fraud, but it is also due to the way that online gaming is so rigidly regulated. Online gaming companies are obliged to comply with national and regional regulations.
Sponsor banks and processors see the high-risk nature of the eGaming industry as a reason to reject applications for eGaming merchant accounts. Some banks won’t even consider accepting eGaming clients while others consider applications case-by-case. For this reason, eGaming companies need to find high-risk payment processors that already provide merchant services to eGaming companies.
In addition to merchant accounts, a gaming company can also try and open an online virtual bank account in Europe as its operational account (for paying suppliers, salaries, outgoing payment to authorities, etc