Online Casino Merchant Account Part One

Online gambling sites require Online Casino Merchant Account in order to allow their players the ability to make a deposit to place a wager with their credit card.

It is impossible to run a profitable online gaming operation without a online casino merchant account that provides credit card processing solutions for players. Most acquiring banks do not accept these types of processing accounts The casino business may be lucrative but most find it a lot riskier than the adult and may allow adult service providers in their merchant portfolio but they will ban online casino sites.

SafeCashier.com started out providing solution for online casino merchant accounts in 2004. Some of these online companies have since become listed companies on the UK stock exchange and others have remained private held and continue to process millions of dollars every month through acquiring channels.

Online Casino merchant account rates are assessed by the bank's underwriting account on a one on one basis. Casinos with big sales turnover in excess of $1 million generally pay between 4.5-5% for their discount rate, and start up sites and, those online gambling merchants with low monthly sales turnover less than $70,000 per month normally receive discount rate between 7-8%.

Upon receiving a merchant account approval notice a Safe Cashier Account Manager will provide all the processing terms and conditions to the merchant. If the site accepts the offer, a processing contract is emailed to the site for them to sign.

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