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Are you looking for a Fantasy Sports Merchant Account

The industry is thriving when it comes to obtaining a fantasy sports merchant account. This high-risk vertical will require a payment processing provider that understands the ins and outs of this specific gaming model, as well as recommendations, advice, and sports forecasting that goes along with fantasy sports merchant accounts. Many of them require high-risk merchant accounts. For your online fantasy sports merchant account, whether it's phone orders, online sales, recurring billing, or anything else.<br>

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Are you looking for a Fantasy Sports Merchant Account

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  1. Are you looking for a Fantasy Sports MerchantAccount? • The industry is thriving when it comes to obtaining a fantasy sports merchant account. This high-risk vertical will require a payment processing provider that understands the ins and outs of this specific gaming model, as well as recommendations, advice, and sports forecasting that goes along with fantasy sports merchant accounts. Many of them require high-risk merchant accounts. For your online fantasy sports merchant account, whether it'sphone orders, online sales, recurringbilling, or anything else. • Radiant Pay processes payments for fantasy sports merchant accounts in the professional leagueslisted below: • FantasyFootball(NFL) • FantasyBaseball(MLB) • FantasyHockey(NHL) • FantasyBasketball(NBA) • FantasyRacing(NASCAR) • FantasyCollegeFootball(NCAA)

  2. For a multitude of reasons, a Fantasy Sports merchant account is regarded as high risk, making it difficult to locate a dependable processing partner. Radiant Pay specialises in working with high-risk merchants, and we have a number of acquiring banking partners who provideFantasy Sports merchant accounts. DoyouneedaFantasyFootballProcessor? Choose your players, your starters, and the fantasy football processor that is best for you. Yourcompany may have alarge number of customerswho want to signup, form teams, and placebets.You immediately learn thatyou have no methodto accept online payments via debit or credit cards because your firm is classified as high risk, which you were unaware of previously, and you're now left with clients toserve but no way to accept theirmoney. Rather than becoming increasingly frustrated with the process of being declined and given the runaround when applying with traditional banks, or worse, having your fantasy sports merchant account frozen or completely dropped by an aggregate processor like PayPal or Stripe, you take the smarter, more efficient route of seeking out a dependable and knowledgeablehigh-risk merchant account provider. What Is the Purpose of a High-Risk Fantasy Football Merchant Account? It's not always all fun and games with fantasy football merchant accounts. Furthermore, the risks of this market might cost a lot of money in customer-initiated chargebacks. Customers that are bitter losers are one of the most common causes of chargebacks. While some customers may win big,others will not,and those whodo will normally chalkit up to a fair loss and play again - but others and this group of "others" are substantial, will be angered by theloss and file a fake chargeback in an attempt to avoid payingfor the service entirely. The excessive amount of chargebacks, commonly known as a company's chargeback ratio, is a major contender for fantasy sports merchant accounts being classed as high-risk. When chargebacks occur, they are unpaid by the business owner or merchant, which is one of the most important financial losses for credit card processors, which are rigorously scrutinised byboth sponsor banks and credit cardcompanies. Sponsorbankswillcancelanyfantasysportsmerchantaccountthatconsistentlyexceeds 2% in chargebacks and will levy a fine on the payment processor who set up your merchant account. With the chargeback rates for fantasy sports merchants, most traditional banks will notevenconsider supplyingpaymentprocessing solutionsto ahigh-riskbusiness likethis -thereissimplytoomuchresponsibilityanduncertaintyinvolved. Whyiscreditcardprocessingforfantasysportssorisky? Fantasy sports credit card processing can be simple, but choosing a provider with the expertise you need to get proper underwriting for your fantasy sports merchant account, as wellas a company that hasbeen in the business longenough to have developed

  3. relationships with sponsoring banks, is critical for high-risk merchant accounts. Failure to be choosy in who you choose to set up yourpayment processing will effectively determine the future success and longevity of your business as a whole. High-risk merchants aren't always the first to be approached by banks for a fantasy sports merchant account - in fact, they typicallydeny any high-risk applicationsthat come across their desks. This implies that what was most likely your Plan B soon becomes your Plan A, and if you don't have access to options that make sense for your business model, you can find yourself rushing for solutions. What are your options? First and foremost, you need a high-risk merchantaccount provider, suchas Radiant Pay, thatdoes all oftheir underwriting in-house and has the experience and banking ties to get you approved for a fantasy sports merchantaccount and accept payments quickly.

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