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Online Gambling

TOP 7 MERCHANTS ACCOUNTS FOR ONLINE GAMBLING

Online gambling exists in a highly regulated environment that differs dramatically from region to region, state to state, and from country to country. The establishments are founded on a legal gray area and face multiple logistical hindrances for the jurisdiction within which they are operated. In addition, online gambling sites process an enormous volume of high tickets sales with high chargeback levels and are virtually located. For this reason, as well as the complexity of its operations, online gambling is typically regarded as a high-risk sector, but that doesn’t make it criminal.

Managing an online gambling site is intricate and requires reliable, secure, and stable payment gateway solutions. However, the number of High-risk Merchants account providers for online gambling is limited, and it can be difficult to find one that can deliver reliably. If you are looking for an experienced payment provider who can offer comprehensive online gambling payment solutions together with remarkable expertise, you have landed on the right page.

We have put together a list of seven merchants account providers for online gambling to help you find an effective payment processor. The companies on our list offer offshore merchants account, e-commerce solutions, powerful marketing tools, responsive customer service, reliable daily/weekly payouts, and a plethora of other helpful services to assist you to run your online gambling site.

Ready? Let’s get started

Areto systems merchant account

Areto Systems is a Maltese company that specializes in providing credit card processing solutions and merchant account services. The company is based at the heart of one of the most attractive European Union financial center making it ideal for online gaming sites operating in the EU. In addition, Areto Systems has many years of experience in the online gambling space and choosing their merchants account can be a great move.

The provider maintains fair pricing across all merchants with competitive rates for all startups. Its understanding of new gambling sites, tons of information, innovative marketing tools, and low rates makes it a great solution for any online gambling site looking to test the waters.

Areto System Merchant account supports all major credit & debit card companies including MasterCard, JCB, American Express, VISA, Diners Club, and Discover. Better still, merchants can process all major currencies using this merchant account from all over the world.

With the long experience in this business they are the top merchant account providers.

The following aspects make Areto Systems merchant account for online gambling stand out:

  • No setup fees
  • No monthly fees
  • Free gateway setup
  • Free cost comparison
  • Free account setup
  • Low rates and fast approvals
  • Secure transactions
  • Designed for new and existing businesses

Some of the notable features of Areto merchant account for online gambling include:

  • Experience and dedicated account managers
  • Fast approvals
  • Diversified payments channels ( accept ACH, echeck, or collect draft for check payment)
  • Innovative technology
  • E-commerce, mobile, MoTo and retail accounts
  • Fraud protection
  • Flexible contract terms

For more information regarding Areto Systems merchant accounts:

Email: customer.success@aretopayment.com

Address: Abacus Business Centre, Level 1, Dun Karm Street, Birkirkara, Malta

Instabill

Instabill is a dependable, Portsmouth (New Hampshire)-based high-risk account provider for international gambling merchants. The company facilitates online payments with powerful gambling-centric products and services such as online payment gateway, offshore banking partners, multiple currency support, fraud protection and more. Its merchant account enables users to accept payments from gambling players around the world with ease and in real-time.

The company first introduced credit card processing for online gambling in 2001, thus it’s a force to reckon with in the industry.

Instabill offers multiple payment processing systems that are divided into multiple online gambling merchants account including:

  • An offshore account that provides payments processing history. The approval time for this merchant account is five working days to 2 weeks.
  • Offshore startup account which has a similar approval time to the offshore account.
  • Domestic accounts; currently the provider doesn’t offer domestic solutions

The provider offers affordable and industry-competitive merchant account fees. The pricing is customized based on the business type, merchant size, and processing history. The typical fees may entail:

  • Transaction fee
  • Merchant fee
  • Discount
  • Monthly statement fee
  • Refund fee
  • Merchant account registration fee
  • Chargeback Fee

Interested in Instabill online merchant account? Here is the contact information:

Phone: 1-800-318-2713

Email: CustServ@Instabill.com

Address:

875 Greenland Road

Portsmouth, NH, USA

03801

Payment Cloud

Payment Cloud is a reliable high-risk merchant account provider headquartered in Woodland Hills (California). The company focuses on serving high-risk businesses and is perfect for online gambling sites struggling to find a reliable and cost-effective credit card processing solutions. Some of its salient product and services include EMV-compatible terminals, mobile phone swipers, POS solutions, merchant cash advances, online payment gateway, and virtual terminals.

Payment Cloud offers innovative, accessible, and transparent merchant account services and is best for online gambling that doesn’t involve chance-based games. It’s also PCI compliant, and it observes stringent security measures to protect the account holder from breaches and fraud. Better still, Payment Cloud provides indispensable tools that help you and your employees learn how to safeguard identifiable customer information and credit card data effectively.

The pricing is customized based on the type of business and your processing history. In addition, Payment Cloud comes a dedicated account manager to all new merchants for the time the account is actively held.

Still not convinced? Contact the vendor to obtain in-depth details regarding the merchant’s account or request a quote

Phone: 1-800-988-2215

Durango merchant services

Durango Merchant Services is another well-established high-risk merchant account provider. The company is headquartered in Durango, Colorado (US), and has been in the industry since 1991. The provider serves both United States and international merchants and is renowned for powering high-risk businesses; including those in need of offshore merchant’s accounts.

The organization focuses on both the standard and hard-to-acquire merchants and has won many accolades that put them at the top of the echelon. Durango offers a range of services including POS solutions, online payment gateway, offshore banking partnership, and electronic check processing. What’s more! The company supplies payment processing for e-commerce merchants, face-to-face, and mobile.

In addition, Durango is a force to reckon with in providing multicurrency accounts to merchants across the globe. It empowers global business to spread wings and offer services to international customers with ease. You do not have to worry about the implementation and integration of the merchant account; the company has a team of IT gurus trained to handle all the tasks for you.

Durango Merchant Service can be contacted via:

Phone: 866-415-2636

Host Merchant Services

Host MerchantServices (HMS) is a trustworthy merchant account provider headquartered in Newark, Delaware. The company operates as an Independent Sales Organization (ISO) that is registered with MasterCard International and Visa USA with bank sponsorship delivered by the Wells Fargo Bank, Walnut Creek, CA. The organization offers innovative payment solutions which include virtual terminals, e-commerce, wireless, retail, and other services that can be tailored to the needs and requirements of your business.

Its exceptional customer service has been singled out for praise by many merchants. In addition its transparent quote-based pricing is a major highlight and a reason it’s recommended for online gambling sites. The company team of security, payment processing, and technology experts, configures every facet of your account to get it up and running within the shortest time possible.

You can contact Host Merchant services:

Call: 877-517-4678

Vantage payments

Vantage payment is another praiseworthy high-risk merchant account provider headquartered in Scottsdale, Arizona. The company offers unique and versatile merchant accounts for both domestic and offshore businesses and is ideal for online gambling sites operating in the EU market. Some of its notable features include call center services, European direct debit, multicurrency support, remote deposit capture, POS equipment, and SEO assistance.

Vantage Payments collaborates strategically with clients to customize payment solutions that serve them best. The company has partnered with numerous acquiring banks and offers contract terms based on the business type. Its merchant account stands out because of the fast approval and the competitive rates. Better still, Vantage Payments supports at least 130 countries and over 80 currencies around the world.

Contact Vantage Payments to secure your merchant account:

Phone: 480-609-5730

Address: Vantage Payments, LLC

4040 East Camelback Road

Suite 215

Phoenix, AZ 85018

eMerchantBroker

eMerchantBroker is a California-based company that specializes in high-risk e-commerce payment processing solutions. The company’s aggressive pricing, innovative services, customer experience, and support makes it one of the best in the modern market. It provides secure credit card processing for offshore merchants and online businesses worldwide. The solution is best for online gambling a sector considered a speculative business by banks.

This is the go-to payment processing solution for online gambling sites looking for a reputable processor. Its high-risk merchant account is supported by the following payment and financial solution to help it grow and succeed:

  • Business funding
  • ACH processing
  • High-volume payment solutions
  • Online payment gateways
  • POS solutions
  • Merchant cash advances
  • Instant check processing solution
  • Chargeback row resolution and prevention programs
  • MoTo processing

In addition, to its vast experience, eMerchantBroker has built a positive reputation thanks to the quality customer support and customized pricing options. Also, the company has an automated and streamlined application process and plus all customers’ information is securely and confidentially held.

Conclusion

The list above is a stellar statement that although it may be daunting to find the right provider, it’s not impossible. Just note that all high-risk merchant accounts are identical in terms of high fees, but their features and pricing differ greatly. To find an ideal provider for your online gambling site, research expansively and compare the products, pricing, features, and terms of each company.

April 12, 2019
0 0 areto_admwp https://www.aretopayment.com/wp-content/uploads/2024/04/areto_logo4_since.png areto_admwp2019-04-12 07:56:582019-04-12 07:56:58TOP 7 MERCHANTS ACCOUNTS FOR ONLINE GAMBLING
Online Gambling

Applying for an online gambling license in Malta

Malta has one of the most prestigious, globally recognized and well-regulated gambling laws, known to be well-efficient and strict in preventing any illegal activity, money laundering for instance. The Malta online gambling license is recognized in several major developed countries. Before applying for gambling license in Malta, you should consider reading this article.

gambling license in malta

 

There are very strict and disciplinary rules and regulations related to the application procedure which you need to go thru if you want to obtain an online gambling license in Malta. The applicant has to unsparingly abide by all the rules and regulations laid by the gambling authorities. Although, it is known to be one of the fastest and most efficiently regulated gambling license procedure, it can often be slightly difficult to obtain if you do not qualify for the set requirements. Malta boasts a comparatively low taxation rate on its gaming operations as compare to most countries in the world. In fact, its strict and highly efficiently regulated gaming network assists it in maintaining its legal stability. Let us tell you some information about various types of gambling license in Malta.

 

The application process is completed within a period of 6 months. You begin by submitting all the relevant application forms along with the required documents, including your business plan, software details, model, and draft contracts. Your application forms and business documents have a significant weightage in the evaluation of your application and the assessment of your merit for qualification of the license. Therefore, it is important to ensure that you fill out all the forms with concentration and effectiveness, and your business documents provide an accurate and impressive analysis of your business proposal, in order to give your application strength and weightage.

Fees for applying for a license

The fee for the license application is Euro 2350, it is impertinent to be mindful of the exact dates and times listed for the submission of this fee, the Malta gaming authority is quite particular about the timely deposit of fee in order to provide you quick and efficient services.

Upon the submission of all relevant documents, your application will be reviewed by the Malta gaming authority. After reaching a favorable decision, they will issue you a letter of intent. This letter of intent will now allow you to successfully launch the operations your online gaming services in Malta.

As soon as you have activate your online gaming operation systems, the software verification process will begin. Once your gaming software has been successfully verified and certified, your gaming license will be issued. The software verification process will cost you a fee of Euro 2350.

Once your license has been issued, you have to make a payment of Euro 7000.This license has a validity period of 5 years, following which it has to be renewed to continue online gaming operations. Over the course of next 5 years, you will have to pay a licensing fee of Euro 1200.

gambling license in malta

Malta gaming authority offers four different types of license. All licenses differ on the basis of the requirements of gaming operations you take action in; and each license has its own different gaming tax. These four taxes include: Class 1, Class 2, Class 3 and Class 4.

4 types of gambling license in Malta

The class 1 gaming license in Malta relates to the random mixing of number sequences, for instance: lotteries and slots. This particular license is most frequently required by individuals involved in the casino business. It requires to pay a tax of Euro 4650 regularly for the next 6 months. Following that, you will only have to pay Euro 7000 per month after a period of 6 months.

Class 2 gaming license is required by the online betting exchange or any business that operates in betting offices. It allows you to create a widespread and well-connected market for the operations of sports betting, or any other activity that involves the element of a great deal of risk in the support of a certain element. That could be a player, a team, a derby horse, anything. You incur a tax of 0.5% on your betting operations, 0.5% on your betting exchange and 0.5% on your pool betting operations.

The class 3 is widely required for gaming activities such as poker, bingo, exchange games. The point is to promote all sorts of exclusive gaming requirements. It charges a tax amount of 0.5% on your net profit.

The class 4 license is required to manage the large and multifaceted operations of hosting exclusive and trending software houses. These operations promote the placement of bets and commissions on these bets. You do not incur a tax for the first 6 months, however, following that, you pay Euro 2330. Then, you need to pay monthly 4660 Euro.

Are you thinking about applying for a gambling license in Malta? If you need any help or have questions, please get in touch with us. We are happy to help you. We have long years experience in the Gaming industry. Contact us at sales@aretopayment.com.

July 11, 2016
0 0 areto_admwp https://www.aretopayment.com/wp-content/uploads/2024/04/areto_logo4_since.png areto_admwp2016-07-11 17:05:502016-07-11 17:05:50Applying for an online gambling license in Malta

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