Fantasy sports credit processing
We provide stable, fair, credit card processing for fantasy sports websites- with clear terms and one on one support. The ability to accept and process credit card payments is essential for any fantasy sports online business. Unfortunately, finding a credit card processor that understands your business and offers clear, fair, rates can be tricky. It is hard because fantasy sports websites are considered high-risk by most merchant account providers and all in one payment gateway solutions. Therefore, it is important to find a high-risk credit card processor that is comfortable with, and capable of, supporting high-risk industries. This is where we come in, as we have extensive experience and expertise in acquiring high-risk merchant accounts for fantasy websites
Ready to accept credit cards for your fantasy sports site?
If you’re considering setting up your own fantasy sports business, contact us anytime. Fantasy sports websites are a lucrative niche that has benefited tremendously from the growth of the internet. The format hasn’t changed much over the decades, but the ability to create your fantasy team has become vastly more convenient and entertaining with the advent of the internet. There has been an overall positive trend, especially with increased participation and engagement in online games over the last decade or so. We are more than happy to help you along the way with a high-risk merchant account so that you can create the next big fantasy sports site!
Why your industry is considered high risk
There are a few reasons why fantasy sports receive a high-risk industry classification. One of these reasons is the continuously changing legal position in various states. Another is its chargeback likelihood and transaction volume. Fantasy sports have been on the rise lately. This growth is despite the inconsistency between it being legal and illegal depending on state and local government regulations. Due to these complications, it is always a good idea to talk to a lawyer to make sure you don’t accidentally put yourself in an awkward legal position. At present, however, fantasy sports is a terrific business opportunity, if you can find a stable, affordable way to accept credit cards. That is where we can help.
High volume and chargeback risks
Some of the more critical considerations made when banks, major credit card processors, and other institutions classify any industry as low or high-risk are chargebacks and processing volume. Both of these factors raise red flags for the banks when assessing fantasy sports sites because they both increase the chances that the processor will be left holding the bag for refunds should the site owner not follow through with their commitments. These risk factors make getting merchant accounts or accepting payments through services like PayPal or Stripe difficult. However, there are solutions, and we can help.
There are plenty of high-risk merchant accounts to choose from. The real question is: which high-risk merchant account fits you best? Feel free to reach out to us anytime for some expert advice or read more here to learn about why we are different.
The fantasy sports industry is highly regulated
While most forms of online betting are illegal at the state level in much of the US, fantasy sports remains somewhat under the radar. As a result, financial institutions often consider fantasy sports as part and parcel of the online betting and gambling industry. By bundling these different business types, financial institutions usually steer clear when it comes to enabling their online payments.
No matter how carefully you ensure that you have complied with all regulations, it can be complicated to find a payment gateway and merchant account which will enable you to accept payments from your users. However, we can help you with credit card processing with clear terms and fair rates.
Let Tower help your fantasy sports site accept credit cards
If you run a fantasy sports site, we can help you accept online credit card payments. We will provide your site credit card processing that is both safe and reliable for you and your customers. If you have any questions about fantasy sports credit card processing, or you want to start finding a merchant account that fits your website software and shopping cart, please contact us today. We’d be happy to help you get started or answer any questions you might have.