Why You Need a Payment Processor for Your Fantasy Sports Merchant Account?

by Amald 01 business services

The Fantasy Sports industry is one of the fastest-growing industries with a net worth of $26 billion each year. The industry is gaining so much popularity and people's interest that it is expected to have exponential growth in the next five years. Getting a merchant account for such a business is so much difficult? Not everyone here offers a good deal for your business and it is essential to find a good deal that suits your business requirements? Getting to know which processor suits you well is the primary thing. Here are some of the tips that will help you find a good processor for your business. Amald gets you the High-Risk Merchant Account facility for the high-risk industries that are looking to expand the business and wants to enable online payments through credit or debit card. Here are some of the features that are required to get the best PSP.

High risk support

One of the primary concerns that a merchant has is whether your provider is a high-risk specialist or not. They will get to know what the challenges that your business might face are in the upcoming future and how to mitigate these risks. Merchants who are looking to enroll with a fantasy sports merchant account are mainly concern with chargebacks. A high ratio of chargeback can be a reason for not getting a merchant account. Banks or financial institutions may not get ready to work with you and set up an account.

Industry experience

Apart from supporting a high-risk gateway the company, your merchant account service provider should know the ins and outs of a high-risk industry. It is not unusual that service providers get off their services once the merchant account is frozen, or got completely dropped by an aggregate payment processor. Hence, it is essential that you are partnering with a service provider that has profound experience if you want to operate without interruption.

Primary Features

What are the features that are required in a fantasy sports account? If someone is looking to have a sports business account then he/she needs to look for the suitable features that the business requires. Since it may require a subscription-based model or other prototypes. Hence, the processor you choose should support the feature you need to operate efficiently. Service providers should be able to approve high-risk payment processing account based on the kind of fantasy sports your business is supporting.

Chargeback Prevention

Since chargeback is such a common event in the high-risk industry, hence the service provider needs to be one step ahead of them, they are required to help you prevent them. A PSP that has an effective chargeback prevention mechanism can help you out with minimizing risks and can actively protect your business from frauds and disputes.

Get a Fantasy Sports Business Account

Though financial institutions may restrict themselves in providing you the payment gateway. Since they want to make sure that you are not involved with any kind of illegal activity. Once they make sure that you are a genuine business then there is not an issue for them. In order to grab a payment gateway, you can apply it for a Fantasy Sports merchant account. Though there are certain documents that are required at the time of applying for the business account such as Government Valid ID’s, bank statement, a void check, and several other things.

Get in touch with us and start the application process today, we at Amald promise you to provide the payment processor within 7 to 8 business days.

No Application Fees

Competitive rates

No VISA/MasterCard Required

Secured and Encrypted Data Protection

Amald is a leading PSP provider that has a high-risk specialist with years of experience in getting you the credit card processing account for high-risk businesses. We deal in providing payment processor irrespective of the low or high volume to assist merchants in processing credit card payments effectively and efficiently. We are also offering customized payment gateway solutions for all types and sizes of companies. We intend to provide Fantasy Sports Merchant Account facility to merchants who are looking to get involved in the fantasy sports world.