Credit Gambling

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  1. Credit Card Debt Due To Gambling
  2. Gambling Credit Card Payments
  3. Paypal Credit Gambling
  4. Gambling Credit Card Ban Uk

Increase Your Earnings with Instabill's Gambling Merchant Accounts

High Risk Solutions for International Gambling Merchants

You need a way to accept credit card payments from players around the world, all in real-time. Instabill's gambling merchant accounts offer you a level of service that will help your business succeed and increase profits. Instabill got its start processing credit cards for online gambling in 2001–we know online gambling.

You can try to use a credit card for online gambling, but it might not always be accepted as a payment method. Select your bet size, or still held shares today. As the name suggests, would have profited substantially. The fact that you get the opportunity to have a.

Would you like a bankruptcy attorney who is tough enough and good enough to take on a billion dollar corporation in your bankruptcy defense? The Credit Union account agreements with you provide the. Certain federal and/or state laws such as the Unlawful Internet Gambling Enforcement Act. RegularPay provides profitable Gambling merchant accounts in prestigious acquiring banks all over the world via secured payment gateway.

Credit Card Debt Due To Gambling

It is an exciting time for the industry of online gambling, not long ago only available in certain worldwide markets: Caribbean, the UK and Europe and Asia. But with a select few of U.S. states moving to legalize (Nevada, Delaware and New Jersey), one can't help but feel the cold war on online gambling in the U.S. is thawing.

To find out more about Instabill's merchant services, speak with a live representative directly at 1-800-318-2713, click the ‘sign up' button above. To learn more about our gambling merchant accounts, click to expand each section.

To find out more about Instabill's merchant services for online gambling merchant accounts, speak with a live representative directly at 1-800-318-2713 or simply click the ‘sign up' button above.

Our new solution: Pay anonymously, by giftcard

Instabill offers online gambling and casino owners several solutions to accept payments online, the most popular method with a credit card. Recently, however, Instabill unveiled a new payment solution which enables the player to pay for the game of his choice – online slots, poker or blackjack – via a gift card. Our gift card payment solution works as such:

  • The online casino owner places the widget of our partner as an option on their payment page.
  • The player clicks on the widget when entering the casino, and is directed to purchase a gift card from Amazon, Walmart, Target or Apple.
  • The player purchases the gift card for the desired amount, and submits payment through the widget by entering the gift card number and PIN.
  • The casino owner receives payout in either ACH or cryptocurrency.

This solution is ideal for industries such as adult/emotional content, online gaming, pharmaceuticals, kratom and many others. It is also a viable solution for merchants who have difficulty getting a merchant account as well as consumers who don't have a bank account.

Find out more about our gift card solution today at 1-800-530-2444.

Gambling Credit Card Payments

Approval timetable for an online gambling merchant account

Approval times for online gambling merchant accounts vary with each type of solution Instabill offers:

  • Offshore online gambling merchant account with payment processing history: 5 business days to 2 weeks
  • Offshore startup online gambling merchant account: 5 business days to 2 weeks

How Do I Get A High Risk Online Gambling Merchant Account?

Whichever you prefer: Call us direct at 1-800-318-2713, Click the ‘sign up now' box above to get started.

Instabill offers numerous payment processing solutions for online gambling merchants separated into four categories:

Gambling

Offshore Online Gambling Merchant Accounts (with payment processing history):

Credit Gambling
  • 3-6 months of payment processing statements with company name showing chargebacks, refunds, returns and total sales.
  • 3 months of business banking statements
  • Approvals:5 business days to 2 weeks

Offshore Startup Online Gambling Merchant Accounts

  • 3 months of business banking statements or a business banking letter
  • If no business banking statements, 3 months of personal banking statements
  • Approvals:5 business days to two weeks

Paypal Credit Gambling

Card

Offshore Online Gambling Merchant Accounts (with payment processing history):

  • 3-6 months of payment processing statements with company name showing chargebacks, refunds, returns and total sales.
  • 3 months of business banking statements
  • Approvals:5 business days to 2 weeks

Offshore Startup Online Gambling Merchant Accounts

  • 3 months of business banking statements or a business banking letter
  • If no business banking statements, 3 months of personal banking statements
  • Approvals:5 business days to two weeks

Paypal Credit Gambling

Domestic Online Gambling Merchant Accounts

  • Instabill does not have a domestic solution at this time. Though several states have legalized online gambling, it remains against federal law.

Online Gambling Merchant Account Fees

Our online gambling merchant account fees are industry-competitive and affordable, and the application process is free – Instabill does not charge a merchant any fees until they begin processing transactions. Once you have been pre-approved, our underwriting department will match your business with the acquiring banking partner we feel is the best fit for your needs. The bank will then process your application and determine your merchant account fees.

Your fees are contingent on several factors, such as the merchant's processing history, type of industry (high or low risk) and/or projected sales volume. Each online gambling merchant account is different, but typical fees include:

  • Merchant Account Fee
  • Transaction Fee
  • Discount Rate
  • Merchant Account Registration Fee
  • Monthly Statement Fee
  • Chargeback Fee
  • Refund Fee
  • Rolling Reserve

Gambling Credit Card Ban Uk

Why is online gambling considered high risk?

With the exception of Nevada, New Jersey, Delaware and Pennsylvania, online gambling remains illegal by U.S. federal law. Additionally, most internet gambling sites are based offshore, leaving U.S. banks no options to providing credit card processing solutions.

Other factors contributing to its high risk label include high chargeback rates and the risk of gambling addiction, with which some banks choose not to be associated.

Chargeback prevention for online gambling merchant accounts

Chargebacks can be a problem for an online gaming business. A player at an online blackjack table takes a huge loss, telephones his credit card issuer and denies the charge. It's a he-said, she-said battle that e-commerce merchants rarely win.

Instabill provides merchants the education they need to prevent, dispute and even reverse chargebacks with its frequent blog posts on chargeback strategy, as well as its satellite website, Instabill.org, which is full of helpful content geared to mitigating chargebacks.

Must-reads for online gambling merchants

Let's look at some of the countries on the list in detail.
UK (6.2bn euro)
The UK is easily the largest online gambling market in Europe. With 6.2bn euro earned from iGaming between April 2018 and March 2019, the UK accounts for over 25% of the total European iGaming revenue.
The UK is also one of the countries with the most advanced gambling legislation, overseen by the UK Gambling Commission.
By some estimates, 32% of all Brits play casino games or bet on a regular basis. More worryingly, anywhere from 0.7% and 2.7% of the adult population (1.4 million people!) have a gambling addiction.
It's because of the addiction problem that the UK Gambling Commission banned online betting with credit cards. The idea is that problem gamblers have trouble paying their credit card debts.
The new restrictions inadvertently served as a huge boost to cryptocurrency payments in iGaming. Wherever bettors cannot pay by card, crypto becomes the obvious solution – it's fast, cheap and 100% private. At Cryptoprocessing.com, we've noticed a spike in the number of payments coming from the region after the introduction of the ban.

Germany (2.46bn euro)

There are 83 million people living in Germany versus just 67m in the UK, so why is Germany's revenue from iGaming 2.5 times lower? It's simple: only online betting on sports is legal, while internet casinos are banned. The only exception is the land of Schleswig-Holstein.
Things are about to change, however. The new iGaming legislation, which is supposed to come into effect from July 1, 2021, will finally legalize online poker and casino games, including slots. There will be some limitations, though:
- Maximum bet on a single slot spin is limited to €1;
- A player's total deposits cannot exceed €1000 each month;
- iGaming businesses can only advertise between 9pm and 6 am.
Even with these limitations, Germany's online gambling revenue is sure to skyrocket. Just in time, too: with the tremendous expenses on post-COVID19 reconstruction, the government can really use those gambling tax proceeds.




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