How to open a fantasy sports merchant account
High Risk Payment Pro's are one of the leading experts when it comes to fantasy sports merchant accounts, let us help you today!
Get A Free Quote Now!
Need a Fantasy Sports Merchant Account?
Fantasy Sports is a 26 billion dollar industry. Due to the popularity and unlimited supply of income from fantasy sports there is a huge amount of people who want to get a cut of the money. This industry ranges from advice, tips and tricks, and sports forecasting that is important within fantasy sports merchant accounts.
Majority will need special and unique payment processing because people are either paying by phone, online, billing recurring and memberships. High Risk Payment Pro’s fantasy sports merchant accounts deal with a variety of professional leagues. Ranging from Fantasy Football (NFL), to Fantasy Hockey (NHL). You name it, we provide payment processing for any and all professional leagues. Finding the right Fantasy Sports merchant account can be a challenge because it is labeled as high risk for a variety of reasons, it is incredibly difficult to find a reliable processing partner.
High Risk Payment Pro’s has strong banking aqquired relationships and the experience you need for a successful fantasy sports merchant account for you business. Choosing a credit card processor that understands the needs of high risk merchant accounts and this specific gaming model is important for the longevity of your business.
Has Your Fantasy Sports Merchant Account Been Shut Down?
After going through all the hard work to create your fantasy sports business you decide to finally launch it. Immediately you have a huge mass of clients and customers inquiring about joining, making teams, and taking bets.
It is incredibly motivating seeing business generate gradually. Well, you reach the most important step in opening a business, payment authorization. In order to be profitable your business needs a funnel to accept transactions. This is when you begin to look for a reliable payment processor. However, you run into a few problems because fantasy sports businesses are high risk. You are constantly being denied from debit and credit card payment processors and aqquiring banks.
Your clients impatiently want to spend their money on your product but you do not have a substantial fantasy sports merchant account provider. What is important here? Choose a payment processor that is well versed with high risk fantasy sports merchant accounts. It can be incredibly disheartening to be denied or worse, shut down by PayPal, Stripe, or Square payment processors. Shut downs occur frequently with generic merchant account providers.
Why Do I Need a High Risk Fantasy Sports Merchant Account?
You might be contemplating why fantasy sports merchant accounts fall under the high risk category. Well, for starters there are emotional customers involved in this industry. For example, a sore loser in a game might demand a refund. Some people have not grown up still and this game brings them back to their imature youth. They feel harmed when one person wins big and they lose. The sore loser is likely to file a fraudulent chargeback in an attempt to back out of paying for the service at all. This results in a high number of chargebacks which credit card processors hate.
Not us, at High Risk Payment Pro’s we understand that things happen and challenges are faced within a high risk business. The biggest decline of financial growth for credit card processors is usually from their chargeback ratio. The money is immediately withdrawn or unpaid from the businesses owner or merchant account provider. The sponsored back is usually incredibly unhappy and frustrated with the business even though it might not be their fault. Not only will the sponsored bank shut down the merchant account and stop the stream of money they will also tack on additional fees to the credit card payment processor. Because of the unreliable track record fantasy sports holds with high chargebacks, it is unlikely any bank will help with card payment processing solutions. This is not the end of the road for your fantasy sports merchant account, Payment Pro’s has the knowledge in high risk merchant accounts your business needs.
- Fill out an online application
- Submit the proper documentation
- Let our expert underwriting team go to work for you to get you approved
- Start accepting payments and making money
Why Is Securing a High Risk Merchant Account Important and How Can Payment Pro’s Help?
Payment processing isn’t a complicated step unless you choose the wrong payment processor. If you pick a reputable and safe bet you will more than likely have a healthy running fantasy sports merchant account. Be selective in the process so you know your business is in good hands. High risk merchant accounts should be allowed the same quality payment processing as any other business. Here at High-Risk Payment Pro’s we have in-house underwriters with the expertise and banking relationships to get you approved for a fantasy sports merchant account. We have a simple and straightforward application process and a team that is here to help make sure you get approved in less than 24 hours. So don’t bother applying to Wells Fargo, Chase, and other generic banks without the experience. Apply here with us and get your fantasy sports merchant account flowing.
Looking for a Fantasy Sports merchant account?
Why Payment Pros?
High Risk Payment Pro’s is well versed with the unique needs of the different fantasy sports related businesses and has established acquiring banking relationships. We are experts in getting fantasy sports merchant accounts set up and accepting online payments in no time.
Fantasy Sports Merchant Account Experts
- Fast Account Approval
- Large Merchants Welcome
- 10+ Banking Relationships
- Retail & E-Commerce Adult Accounts
- B2B Adult Accounts Welcome
- In House Under Writing
Multiple Payment Solutions
- Credit Cards
- Custom Gateway
- Mobile Payments
- EMV Readers
- B2B-Level 2/3 Data Discounts
- Chargeback Management
- SSL Secure Checkout
Top Customer Service
- POS/Terminals Available
- Developer API/Docs
- Dedicated Account Managers
- Custom Gateway Tools
- Custom Checkout Plugins