How to set up a fantasy sports league with credit card processing on WooCommerce
As you may know, Fantasy Sports Leagues have been around for a long time. However, in the last decade, online leagues have become extremely popular, which is very likely to continue. Over that same time, WooCommerce has also become a dominant factor in e-commerce. Since there are several ways for customers to play online, there is a lot of money to be made for any savvy e-commerce businessperson using the right site builder, and the right credit card processor.
Even a league member who doesn’t spend money on a team or league can still provide a way for you to increase revenue through methods such as advertising. This makes starting a fantasy league website a lucrative and exciting possibility. The questions then become – how do you set out to start a fantasy site and how do you process credit cards for league members?
Why use WooCommerce for a fantasy sports site?
While there are many platforms out there, some are more costly than others, and some are more restrictive. We’ve found that there are a lot of great reasons why a fantasy league site could thrive when hosted on a WordPress platform with WooCommerce. Among these is the compatibility with our payment processing gateways, multiple useful plugins, as well as an easy-to-use interface that helps business owners like you make money at a low cost.
WooCommerce works, and works well, for high-risk merchants
If you’re looking for stable, affordable high-risk credit card processing options, that is something we can provide more efficiently with a WooCommerce integration than with some other site builders. WooCommerce integrates easily with all the major high-risk payment gateway solutions we work with. Woo allows us to choose a processing option that works for your industry without worrying about if it works with your platform.
Setting up your fantasy sports website with WooCommerce
While it’s not as simple as starting a standard e-commerce web-store, opening a fantasy sports league site isn’t as difficult as you might think. The first thing you’ll need is a website and a platform which will suit your needs. With the WooCommerce plugin, WordPress gives your fantasy sports league the foundation it needs to thrive. After you’ve laid the foundation, you’ll need to add credit card processing capabilities. That’s where we come in. We specialize in high-risk credit card processing for a handful of different high-risk business types. Contact us today to start processing credit cards on your fantasy sports website.
WordPress as your platform
WordPress has many fantastic features, and it’s the most popular platform in the world. It’s also open source, which means it will always be a very versatile platform to suit your needs. You should also keep in mind that WordPress is currently undergoing a significant overhaul, called Gutenberg, which should increase its functionality and usability. In our opinion, this weighs in WordPress’ favor as one of the better platforms for new fantasy sports sites.
After you’re set up with WordPress, it’s also important to install WooCommerce, which is a fully functional e-commerce platform plugin made especially for WordPress. As a result, WooCommerce will allow you to connect to a high-risk payment gateway and charge credit cards on your site. You might not be ready to process payments just yet; regardless, having the website ready will be an essential and required step when we set up your payment processing.
Credit card processing for fantasy sports gambling
Now you’ll need to set up a payment gateway and high-risk credit card processing. We can provide your new fantasy sports league site with the credit card processing you need from the get-go. Ideally, you want this in place as soon as possible so that you can start charging league members day one. While this process is a bit more involved, it’s also relatively straightforward. We take pride in guiding you through each step.
We can help you by setting up a merchant account that suits your needs and is specifically for fantasy sports businesses. Unfortunately, sports-related gambling, even for skill-based games like fantasy leagues, is part of the “high-risk” market. Therefore, it’s more complicated to start a business in this industry, as it’s under tighter regulations.
Why fantasy sports sites are high-risk
If you want to start a fantasy sports site, you should be aware that you’ll need to get a high-risk merchant account. “High-risk” is simply a term that applies to business types that standard credit card processors and banks are unwilling to work with. This can happen for a variety of reasons. It’s most commonly due to market regulations, high chargeback rates, and fraud risks.
While it is possible for you to gain a standard merchant account and start charging credit cards through it, this is not a good idea. As soon as the banks find out, or you experience charge disputes, you will face problems. At the very least, your accounts could be frozen. At worst, your accounts can be closed. Both of these are highly likely. Because of these risks, you must sign up for a merchant account with the proper underwriting to allow your business to charge for its services.
Merchant accounts for fantasy sports leagues
Fortunately, we specialize in providing payment-processing servicing for businesses like yours.
We can provide a cost-effective way to charge credit cards for your high-risk fantasy sports transactions. All it takes to start is a quick phone call. Contact us using the form on this page, and feel free to let us know a few times that work for you. After our initial call, you’ll need to provide a valid ID and your business’ EIN (SSN is also acceptable). We may also need any prior payment processing documentation you have or gather other information during the set-up process. We will manage the set-up and integration process with you and ensure that your fantasy sports site is set up correctly to accept credit cards in an affordable, and stable, way.