Businesses that plan to operate in the US need to register with the relevant government authorities before opening a merchant account. So, one must provide an application to a. Stax: Best for Subscription Pricing. And when the players win the reward, the gaming. It is typically connected to a payment processor that is integrated within the website or application. Supporting gaming corporate services. A business bank account is where your merchant account provider will send the money from your sales and withdraw any fees. Many banks lack knowledge of the online gaming industry and regulations, so they are hesitant to open banking accounts. ePay global understands the basic requirements of online gaming whether it is an online casino, poker, social game, skill game etc. Financial institutions often impose strict requirements on e-gaming companies before allowing them to open accounts. Visit the processor’s website. The new Curacao gaming License – We will assist with obtaining licenses under the new. Online gaming merchant account needs just the merchant ID and password to operate. 2985 E. To open a business account for a gaming business there are unique requirements. Google account requirements. Copies of valid passports with visible bearers signatures for all company. The issuing bank (a. Usually, a merchant account is ideal for credit card processing and eCheck processing. In terms of your merchant account requirements, make sure you have sufficient funds in your business accounts. A gaming or online casino merchant account can build up your plans everything considered. The funds from customer payments need to go somewhere with the business name on it. Traditional banking solutions are often unwilling to take on the risks associated with these industries, which is why specialized merchant accounts are necessary. But can also be acquired for various payment processing requirements. GBO assists to gaming businesses to find, locate and match with everything they require in order to begin accepting online card payments, from a payment gateway to gaming merchant accounts. 3. Payment processing for online gaming merchants. The digital gaming business is thriving as the global demand for online gaming increases. Gaming, like most players, provides small achievements, rewards, competition and social collaboration in a w. 7. Gaming and interactive entertainment are considered high-risk businesses, which means service providers are frequently ineligible for merchant accounts at numerous sponsoring banks. Unlike traditional merchant accounts, high risk merchant accounts are specifically tailored to meet the needs of businesses facing increased risk levels as a result of their high risk status. Your merchant account communicates with the customer’s card issuer to confirm the transaction. The new Curacao gaming License – We will assist with obtaining licenses under the new regime. This account is offered by an acquirer, a bank that is ready to work with a high-risk. Physical Address. 3. This includes your business name, address, and contact information. While gambling laws are. Choose a reliable iGaming software provider. Click Create payments profile. Shopify POS has everything you need to sell in person, backed by everything you need to sell online. One of the reasons traditional banks are wary of taking on eGaming accounts is because of the issues involved with chargebacks. Here is an overview of the process to set up a merchant account for online gaming: Research and choose a payment processor: Look for a payment processor that specializes in online gaming and has. National Processing customizes its pricing depending on each merchant’s size, business type, and processing history. We also offer expansion services, such as acquiring new licenses and negotiating agreements with payment and service providers. Your merchant account communicates with the customer’s card issuer to confirm the transaction. Google Merchant Center is a tool that helps you upload your store and product data to Google and make them available for Google Performance Max campaigns and other Google services. However, they can also provide valuable support and. Accepting card payments with smooth efficiently is the key your profitability. The ability to accept credit card payments. Details of your employees including criminal records and personal details. But we can give you a concept of what you will require to provide at the beginning of getting an online gaming merchant account. Square Merchant Services: Best for Startups. your company must be fully compliant with all requirements. What is the Online Gambling Merchant Account? A gambling merchant account is similar to a regular bank account as it allows you to take, hold and withdraw funds that you received from gamblers. Not all merchant services providers require a merchant account. A gaming merchant account will accept the payments from the players through their debit or credit cards. Connected. No extra hands in your processing, no long holds on funds, and no hidden fees. PaynetSecure provides online dating merchant accounts specifically designed for credit card processing of online, in-app, and MOTO transactions. Thus, eMerchantPRo provides a complete support and assistance for your online Gaming Business. Malta Gaming License costs and fees. All online businesses aim to keep chargebacks to a minimum as they can lead to additional fees and reputation damage, with many banks and merchant accounts being blacklisted as a high risk. Ultimately, the list of documents and other requirements will vary depending on the jurisdiction in which you open the merchant account; some will be easier than others. Payment gateways facilitate the secure transmission of payment information between players and your platform during transactions. PayKings is leading the industry of payment processing, especially for high risk merchants. Because this can expand occurrences of fraud. High-risk businesses can expect processing rates of 3. Depending on. Corporate structure: Curacao Company. Durango Merchant Services: Best for highest-risk businesses. At the same time, merchants get more opportunities to. online gaming merchant account providers The major consideration you’ll have in the beginning has been accepted to get a free accounts. The use of credit card terminals such as POS systems is a primary method. encounter many difficulties and obstacles when applying for credit card processing systems for their online websites. As the online gaming industry grows at a quick rate, gamers are becoming more aware of the services and features offered by gaming platform providers. com and eHarmony. Then all you have to do is integrate your shopping cart into your website or app and start accepting payments. Once approved, the merchant account deducts the transaction amount from the customer’s credit card. Regardless if the business is located in the EU, USA or elsewhere offshore, merchants will need to pass the know-your-client (KYC) procedure. A gaming merchant account is a specific type of bank account that allows merchants to accept payments. With regular releases and a resilient infrastructure, you can rely on our platform and focus on what’s important for your business; delivering the best possible experience to your. This is known as residual income. The payment gateway – the technology used by merchants to authenticate and securely transfer payment data between the various parties involved in the transaction process. UK or US based company representative. 3. Merchant Account Requirements. Adequate…Google Merchant Center (GMC) is an online platform where retailers may post product information for their products to appear in Google search results. Although, all the gaming merchants are considered as high-risk still all of them can qualify for a gaming merchant account. It takes up to 16 weeks for the United Kingdom Gambling Commission to review the application. Negative bank account. Luckily, PayMystic’s expanded network of banking relationships accepts the eGaming and eSports category and provides competitive rates, terms and conditions. Range of documents to open an online gaming merchant account. Its job is to enable payouts and player rewards, as well as to take deposits and payments. To increase your chances for instant approval: Make sure your personal and business credit score is high. The Best Merchant Account Service Providers of 2023. The exact process varies from one merchant processor to the next. Social gaming. Online gaming chargebacks are a common concern for businesses in the industry. Voided Check. 2. You may use it for online and brick-and-mortar companies to handle all debit, credit, and prepaid card transactions. Online Gaming businesses such as Lottery, Online casino, egaming etc. Furthermore, for any business that delivers online, or card-not-present, payments are considered high-risk also. The requirements for a gambling license vary in different jurisdictions but there are a few basic requirements. We help companies who need to acquire an online gaming merchant account and run a sustainable business. Ultra-high-risk industries (like adult, firearms, and e-cigs) can even see higher rates. Depending on your projected operation of the company and the jurisdictions of your customer base, Tetra Consultants will advise you on the most suitable region and gaming license for your business model. com and click Create account. Card schemes – the. Online fraud is a big issue for almost every online merchant. Once you have all the requirements, you can fill out an application for a CBD merchant account. Browse . Grandview Research projects that the Online gambling market will grow at a CAGR of 11. Your merchant account receives funds and credits your. The requirements for a gambling license vary in different jurisdictions but there are a few basic requirements. High Risk Payment Gateways. You can begin the process by just applying online now. We at HRG will help you get the Online Gaming Merchant Account that will allow you to safeguard your business transaction by providing a safe and secure payment transaction. An international merchant account is a type of bank account that allows businesses to accept payments from customers around the world in multiple currencies. The prevalence of credit card processing providers evaluates it as a high-risk industry because of. When selecting a high-risk merchant account for your online gambling business, there are several key factors to consider: Industry Expertise. According to the International Trade Administration, the worldwide video game industry has a value of $159. Summary. To access a cloud-based (i. Regardless if the business is located in the EU, USA or elsewhere offshore, merchants will need to pass the know-your-client (KYC) procedure. So, one must provide. Here are the six criteria that merchant account underwriters use to confirm that the business is viable, trustworthy, and has a chance of getting approved: Must-Have A Business Bank Account. With regular releases and a resilient infrastructure, you can rely on our platform and focus on what’s important for your business; delivering the best possible experience to your. A merchant account establishes a relationship between a business and a merchant services provider, like a bank. Soar Payments: Best for. competitive pricing. While 24-hour approvals. As soon as you’re approved, SecureGlobalPay can set up chargeback management tools and a payment gateway. We offer support to companies who need an online gaming merchant account for a sustainable business. National Processing. Merchant Data Standards Manual Section 1: Merchant Data Requirements October 2023 VISA PUBLIC 3 Determining a Merchant Name General requirements The Merchant name is the most important factor in cardholder recognition of transactions. Once approved, the merchant account deducts the transaction amount from the customer’s credit card. Recommended merchant accounts for online gaming businesses . GAMBLING & GAMING MERCHANT PROCESSING eData Financial Group International As a payment processor located also in the European Union, EU eDataPay has built an extensive network of banks and financial partners. Gaming Merchant Account for Gaming Merchants in the United Kingdom. An online gaming merchant account becomes a primary requirement because the online gaming industry has increased in popularity in recent years. Getting an online gaming merchant account is not easy, but if you comply with the requirements and provide the required documents and information, as well as going through an experienced corporate services provider, the chances to get your gaming merchant account approved are extremely high. A merchant account is a bank account into which a merchant's payment processor. An online merchant account is a tool by which online buyers can spend for products or services suitable on a business website with the help of plastic cards. Require a high-risk merchant account for online gambling? Poker is one of the most prominent games in the entire world. Generally, it allows your business to accept debit card and credit card payments online, in-person, and over the phone. You can edit almost every page by Creating an account. If you are planning to operate an online gambling platform, you are going to require a gambling merchant account. Manage how your online and in-store inventory shows across Google across paid and unpaid channels. Main features – Crypto, SWIFTS, dedicated IBAN, SEPA, debit cards, 120 currencies – friendly curacao companies. Whether you run an online casino, sell video games or virtual goods, or offer in-game currency and subscriptions, having a gaming merchant account is essential. Challenges that gaming merchants come across with. Sign in to Play Console. Typically, a merchant account is used for credit card processing and eCheck processing but can be used for a variety of payment processing needs. Learn how to open an online gamingPayment service provider Content- Hi! My name is Martina. I am a top international payment processing service provider, such as- high risk payment gateway , high risk merchant account, offshore payment gateway in different different industry- Forex, Casino & i gaming, IPTV Payment gateway,Adult industry etc. Before submitting your application form to obtain an online gaming merchant account, it is. Generally speaking no matter which e-gaming license jurisdiction you choose the basic requirements for obtaining an online gaming license are: proof that the. The realm of online gaming is one example. An internet merchant account is a business account that allows you to process online transactions. The online gaming market is growing rapidly, and gamers are more aware than ever of what can be expected from infrastructure providers and gaming platforms. Financial institutions often impose strict requirements on e-gaming companies before allowing them to open accounts. – Pre-recorded Videos. No Application or. There isn’t a definitive list of documents that are required to open an online gaming merchant account. Presentation Survey Quiz Lead-form E-Book. The exact process varies from one merchant processor to the next. Caters for: gambling, gaming (both online gaming merchant accounts and online gaming payment gateways); cryptocurrency. 2023: New License procedure: New Curacao gaming license applications, application submission, Document collection, document preparation. After signing up, you will need to fill out the application form and upload. Moreover, countries are developing bills to legalize the online gaming business. Credit Card Processing for Online Gaming Merchant Accounts The online gaming industry has taken off massively especially in the North American and Asian regions. We guide online casino businesses in establishing accounts to manage player deposits. This is usually very easy for high risk merchants as most high risk processors will readily accept any legitimate business as long as you submit all necessary credentials and meet pre-set requirements. It is perceived as a high risk industry by the majority of card processing providers for several reasons: Online. Now that online gaming is allowed…Discover how high risk payment processing can benefit your online gaming business with our comprehensive guide. Your merchant account communicates with the customer’s card issuer. In other words, the payments from your debit. Easy and smooth Payments. The world of online gaming is continuously growing, and it does not look to get slow shortly. Online Gaming merchant account provides you with a solution that needs to accommodate diversity. Your merchant account receives funds and credits your bank accounts A high risk merchant account is a type of account uniquely designed to address a business’s payment processing needs when engaged in a high risk industry. An online gambling and casino merchant account ensures that funds are securely processed, settled, and transferred to your business bank account. Beyond that, EMB can also set up a fraud filter for your online payments. Unlike traditional merchant accounts, high risk merchant accounts are specifically tailored to meet the needs of businesses facing increased risk levels as a result of their high risk. The first step is identifying your exact vertical. An online gaming merchant account has tremendous potential for online gamings, sports, and other skill games to maximize their benefit and guaranteed growth for the business. What is an Online Gaming Merchant Account? As is the case with any business that accepts payment by credit card, online gaming businesses need to have merchant accounts so that customer payments can be received and processed. This feature combined with the real-time processing means results in merchant services that can’t be. Whether it’s depositing funds, placing wagers or withdrawing winnings, online gamblers expect to. Draft fee invoice for UAE merchant account:Online gaming merchant accounts contain many types of fraud prevention tools that check the real identity of the player. Or diversify accounts for backup and mitigation of processing risk. Before diving into specific providers, it’s essential to determine what type of merchant account fits your business model best. It works a lot like a Social Security number for your business and helps identify your business to the IRS. Usually, a merchant account is ideal for credit card processing and eCheck processing. 1. With this merchant account, you’ll get several features to rely on. By offering alternative payment options, casinos can cater to the diverse preferences of their players and provide a seamless deposit and withdrawal experience. We've mixed the best PSPs below. Our tailored merchant account services feature advanced fraud prevention measures and easy-to-use payment processing tools. When you begin your payment processing. If the provider you’re researching reports regular downtime, this can prevent you from doing business effectively. Get The Best Online Gaming Merchant Account For Rising High In Gaming Industry The online gaming industry has rocketed into vogue in current years. Drive sales and reach more customers with Google. Merchant Accounts. 6 factors to consider before starting an online gaming website. But companies like PaymentCloud can help you find competitive processing rates. Certificate of Incumbency (or similar document). An online casino payment agent is a company that in most common cases incorporated in Cyprus that accepts payments from the merchant account and card processing company. To process credit card payments effectively and efficiently, businesses need to turn to Casino Merchant Service providers to obtain a casino and online gaming merchant account. FYI – GBO is a premier payment solution provider for online casinos. An online gambling and casino merchant account ensures that funds are securely processed, settled, and transferred to your business bank account. With a reliable gaming merchant account, online companies can make the most of their business. These are important to look out for before giving green light to online gaming merchant accounts. Online Gaming merchant account provides you with a solution that needs to accommodate diversity. Credit card associations have set up rules dictating merchants in specific high-risk MCC codes to pre-register with these associations to ensure monitoring of risks. Credit Card ProcessingiPayTotal specializes in both online gaming merchant accounts and online gaming payment gateways and offers the best gaming merchant account in the industry. The usage of an online gaming merchant account enables companies to receive payments more quickly and easily from customers. To get a merchant account, one must submit an application with a merchant account provider. A gaming merchant account will accept the payments from the players through their debit or credit cards. What Are The Requirements For Gaming Merchant Account? Our primary acquiring banks in western Europe requires the contracting merchant to be EU-based and have an EU-issued gaming/ gambling license . Wait around eight weeks for the Gambling Commission to process the technical and personal documentation. But in general, you need these 10 things to qualify for a merchant account. After that, you can begin accepting sales: the merchant onboarding process is complete, and you can. Here’s an overview of how to prepare your business, find the right merchant account for your needs, and open your merchant account: 1. If your business is an LLC, you’ll need to present your articles of organization to your merchant service provider, while corporations are required to provide articles of incorporation. The funds then pass back through to the acquiring bank and are ultimately settled to the merchant’s bank account. First, A valid government-issued photo ID to verify your identity. 3. Once approved, the merchant account deducts the transaction amount from the customer’s credit card. One way to open a merchant account is to visit a bank branch but if this is too time-consuming and inconvenient it is also possible to open a merchant account online. There are just a few standard merchant account service providers that boast doing business with high-risk industries. 2-5 Day Approval. PayKings Provides Online Gaming Merchant Accounts. IBS, for example, provides expertise and educates merchants to take necessary measures with fraud protection by. A merchant account can also assist to. An online gaming merchant account is a customized merchant service that helps in online money collection. If you decide that Curacao is the optimum location for your new Gaming company, the next step is to consider the applicable gaming license requirements. GBO provides the full service for each of these requirements and can guide you through the steps of launching your online casino. Amald has online gaming merchant account solutions that meet global gaming customers' requirements. SMB Global: Best for international merchants. Open a business bank account for your gaming company. Each merchant account provider may have its own set of requirements. A gaming license is a permit issued by the commission or association controlled by a government or state that enables the holder to organize or conduct any gambling activity, gaming device, slot machine, or sports betting pool. Before creating a Merchant Center account and setting up your product data, you'll need to make sure that your business complies with the Merchant Center guidelines described here: Promote only products available for direct purchase. Fill out the CBD merchant account application form. – Online Dating. The online gaming license requirements aim to set a high standard in the e-gaming industry; protect customers; guarantee that e-gaming websites are run by companies with financial stability and knowledge of the industry. Step 2: You will be asked to fill out the application. In this article, we will consider the main problems online gaming merchants face. High chargeback ratios. If you plan on doing either of these, setting up an internet merchant account should be one of your. Our credit card processing partners work with hundreds of large gaming clients. Meaghan Brophy. Online gaming has been increasing in popularity for many years and continues to grow fast. What Are The Requirements For Gaming Merchant Account? Our primary acquiring banks in western Europe requires the contracting merchant to be EU-based and have an EU-issued gaming/ gambling license . This makes. Level 1 PCI. Setting up the additional locations to stay updated about the regular transaction records is not important. Online Gaming Processing. 01 Online Gaming Processing As online gaming businesses evolve with the integration of app games and smartphones, accepting debit and credit cards becomes a natural and. A gambling merchant account is a credit card processing account created exclusively for online gambling firms. Copies of valid passports with visible bearers signatures for all company officers and owners. The qualifying merchants can access almost all major card schemes. A merchant account is an essential tool for credit card processing online, in-store, and even on the go. These high risk. This way your clients can pay for their product online, saving both of you days and hours of work, trying to get the money. The company has earned an “ A+ ” rating in our review as well as an “ A+ ” rating with the BBB. With an international merchant account, businesses can expand their customer base and tap into new markets without the limitations of accepting payments only in their local. Data shows that global online gaming traffic alone is expected to climb from 20 percept annual growth to 30-40 % annual growth. A gambling merchant account is a credit card processing account created exclusively for online gambling firms. Payment Gateway For Gaming Platforms in India. 976. Easily accept payments from players. The right gaming merchant account will offer multiple cashless payment options, including check, credit, online and mobile options. Jane pays for her coffee by touching her contactless card to the card reader. The growth in digitalization is the main reason for the industry’s growth across the globe. a. Its main purpose is to receive deposits and payments, as well as to set payouts and player awards. Physical Address. Apply for a merchant account: You must provide the payment processor with information about your. The key to success is partnering with someone who. SQUARE: FOR NEW BUSINESSES. – Sex Toys. Recent Presentations Content Topics Updated Contents Featured Contents. iPayTotal specializes in both online gaming merchant accounts and online gaming payment gateways and offers the best gaming merchant account in the industry. This merchant account is customized according to the need of the online gaming business. It immediately stops the transaction, if the fraudster gets caught. Merchants that want to effectively process credit card payments need to turn to a processor, like eMerchantBroker. Your account needs to be secure to process cards online. So, drive it into an incredibly profitable business by acquiring an online gaming merchant accountin Europe (Albania, Malta, Cyprus, Netherlands, Italy, etc. Step 1: Jane orders a coffee. However, the general steps are similar; Identify the right payment processor. Payments System: This is the integrated system that manages and facilitates all types of payments. Generally speaking no matter which e-gaming license jurisdiction you choose the basic requirements for obtaining an online gaming license are: proof that the business owners/directors/partners have no criminal record; a valid passport; bank references; a business plan or description of your proposed online e-gaming business; description of your. Details of your employees including criminal records and personal details. You can also contact us online. Online Gaming Merchant Account Requirements. Open gaming merchant accounts. To acquire an online gaming merchant account. Clover: Best for POS. 2. High-risk payment gateways: Payment gateways are tools that facilitate credit card transactions. DigiPay’s expanded network of banking relationships processes payments for the gaming industry at competitive rates, terms and conditions. Full disclosure of your online gambling company’s financial records and business structure – owners, partners, shareholders etc. 3. A merchant account is essential for any online business. Square even lets you create a free online store. 1. It provides a reliable payment solution for both the business and the players. Regardless if the business is located in the EU, USA, or elsewhere offshore, merchants will need to pass the know-your-client (KYC) procedure. Step 2: Jane’s card details are sent from the card reader to the merchant account, held with an ‘acquiring bank’, along with details of the transaction. Luckily, PayMystic’s expanded network of banking. With a reliable gaming merchant account, online companies can make the most of their business. In the above way, you. With a reliable gaming merchant account, online companies can make the most of their business. Most merchant account providers also offer. US & Canada Merchant Accounts. The hardest part for online casinos is obtaining online gambling merchant accounts for credit card processing. Financial institutions often impose strict requirements on e-gaming companies before allowing them to open high-risk merchant accounts in Europe. – A computer virus may technically impact your gaming. Printed Voided Check or bank letter. Obtaining an online gaming merchant account isn’t easy. The online gaming industry requires high risk merchant account. So, one must provide. 3. Not simply you will be able to benefit by this kind of trade yet what’s more will your customers. Merchant services allow you to get paid quickly and securely as a retailer. 2. It’s important to note that business owners operating in the United States, must be US citizens to open a merchant account. A merchant account is simply a bank account where funds from your processed credit and debit card transactions are deposited until they can be transferred to your regular business bank account. eMerchant Authority’s Online Gaming Merchant Options. An online payment gateway has a quite important function in the whole payment process, as it virtually connects the wallets of customers with gaming merchant accounts to create a transaction space. Due to the high-risk nature, online gaming merchants face many problems while finding a stable payment processor that fulfils all their business needs and requirements. If you still have questions regarding what we can do for you, give us a call at 1-888-548-5649 so you can converse with one of our merchant account managers. Animals and Pets Anime Art Cars and Motor Vehicles Crafts and DIY Culture, Race, and Ethnicity Ethics and Philosophy Fashion Food and Drink History Hobbies Law Learning and Education Military Movies Music Place Podcasts and Streamers Politics Programming Reading, Writing, and Literature Religion and Spirituality Science Tabletop Games. Among the many services offered, good-standing merchants of record have access to effective chargeback management tools that prevent. Tell customers about your return and refund policy. What’s a merchant account? A merchant account is a facility to process payments from customers. What is the skill gaming? Skill gaming can be described as a game based on mental or physical abilities, rather than chance. However, there are some challenges associated with accepting payments at an online gaming site. Some of the cases include: Products on a website that don’t match the description or cost. Payment processing requirements for the gambling business. Open a business bank account. MyPayment Guru is a Online Gaming Merchant Account Solutions Provider making our clients contented with the services. And when the players win the reward, the gaming merchant sends the money to the players from this gaming merchant account only. It’s also free of monthly fees. If a merchant fails to comply with the information the companies need, then a fee is accessed based on the. . Your merchant account communicates with the customer’s card issuer. A financial contract between your business and the bank will create and authorize the merchant account to exist. You’ll need a Google Account (for example, Gmail) to sign up for Merchant Center. A gaming merchant account is a specific type of bank account that allows merchants to accept payments. Regardless if the business is located in the EU, USA or elsewhere offshore, merchants will need to pass the know-your-client (KYC) procedure. View Website. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway. Doubtful bank statement. ONLINE GAMING MERCHANT ACCOUNTS . Caters for: gambling, gaming (both online gaming merchant accounts and online gaming payment gateways); cryptocurrency (enables cryptocurrency exchanges to accept payments on their websites through credit and debit cards. When applying, merchants should keep in mind that the more information provided, the faster an Online Gaming Merchant Account can be approved. One of the most important goals of online gaming merchants is turning players into payers. Click Create payments profile. – Adult Cruise Lines. Its features include the essence to render the best possible services in the entertainment sector to the Gaming merchants. the cardholder’s bank) sends the funds directly following the transaction to the merchant account, which then deposits the funds into your business account of choice. Under "Payments profile," click the down arrow and select Create payments profile. To accept payments, merchant accounts use a few different ways. All you have to do is follow the steps below. Get Started View Demo. Beyond that, SecureGlobalPay can also set up a fraud filter for your. Once the payment is approved or declined by the parties involved, the payment gateway sends back the relevant message to the merchant. A company's revenues from online gaming, on the other hand, can be maximized with the help of a trustworthy online gaming merchant account. Business License. See who else in the gaming. According to grandviewresearch, the online gambling market size was quoted at USD 57. Merchant Discount Rate (MDR) or commission rate. Industry-leading merchant services for online game publishers. Payment alternatives: Merchant account providers must accept credit. Smartphone penetration rates are also growing, and there has been. gaming merchant account requirements Merchants that are applying for gaming merchant services are going to need to provide a number of different documents for underwriting. Online gaming has been increasing in popularity for many years and continues to grow fast. Friendly & Professional. Gambling Payment Processing Requirements. And get knowledge of how to choose a payment gateway. When you have a designated bank account for your business, it speaks volumes about the seriousness of your business. These accounts are mandatory for businesses operating in industries such as adult entertainment, travel, gaming, telemarketing, and e-commerce, to name a few.