Gambling & Casino Merchant Account
Experience a secure and seamless gambling payment processing solution with PayFasto’s gambling merchant account.
We specialize in offering tailor-made gambling merchant accounts through our gambling payment gateway which is designed specifically to businesses within online gambling, online casinos, sports betting, and e-gaming.
Join 100+ Companies Who Already Use Our Gambling Merchant Account Services
Why Choose PayFasto as your gambling Merchant account?
9 Out of 10 Get Approval.
Reduce Chargebacks. Increase Card Acceptance. Globally.
Choosing PayFasto as your online gambling payment processor is like placing a sure bet; it’s practically risk-free. Secure your gambling merchant account with us, and get access to all of your favorite payment methods, market-leading security, and seamless financial transactions.
Start Accepting Payments In Your Gambling Business
Our tailored gambling payment processing solutions are designed to meet the unique needs of your gambling enterprise, ensuring you can focus on what you do best – providing valuable gaming experiences to your customers.
Our gambling merchant account supports most online gambling & casino niches
Your Winning Hand. In All Online Gambling Ventures.
Explore PayFasto’s payment solutions tailored to the dynamic world of online gambling. Our gambling merchant account extends to various niches within gambling, including online casinos, sports betting, poker rooms, bingo sites, fantasy sports, lotteries, and more.
Enhance your online casino experience with PayFasto. Our secure online casino merchant account ensures smooth and secure transactions – supported by a wide range of payment methods.
At PayFasto, we’ve specialized in providing sports betting merchant accounts. Take your sports betting platform to new heights of revenue without worrying about payment processing.
Our online betting merchant account is your ticket to convenience and security. We make it easy for your customers to place bets, and enjoy their favorite sports – all with a seamless payment experience.
Our online poker merchant account empower your online poker website with a secure and reliable method for players to participate and seamlessly settle and receive payments.
Our online slots merchant account is your gateway to a world of spinning reels and excitement. We provide a seamless payment solution, ensuring your players can easily enjoy their favorite slot games.
Our online lotteries merchant account is designed to bring convenience and fun to your online lottery customers. We make purchasing tickets and claiming prizes easy and secure.
Best High-Risk Gambling Merchant Account in 2023
At PayFasto, we like to believe we offer the best gambling merchant account of 2023.
In 2023, probably more than ever, the competition in the online gambling industry is fierce, and players demand nothing less than a flawless gaming experience.
At PayFasto, we aim to provide one of the best gambling merchant accounts on the market today. We’ve carefully tailored our gambling merchant services to meet the unique demands of the gambling industry, ensuring operators and players alike enjoy a safe and secure gaming experience.
Featuring top-notch security, lightning-fast transactions, and a global presence, PayFasto is proud to lead the way in high-risk gambling payment processing.
One Gambling Merchant Account. Multiple Payment Options.
At PayFasto, we understand the challenges that businesses within the online gambling industry face.
Be it an online casino, a sports betting platform, a poker room, or any other gaming venture, our dedicated payment processing business solutions for gambling are strategically crafted to meet the distinct requirements of online gambling payment processing.
Our platform allows merchants in the gambling industry to accept payments from customers across the globe, while also providing secure and reliable transaction processing.
With an online gambling and casino high risk merchant account from PayFasto, all your payment processing needs will be covered.
What are the challenges of getting a gambling merchant account?
Play Your Cards Right.
To succeed in the online gambling industry, it’s crucial to obtain a reliable and specialized gambling merchant account. With an experienced partner like PayFasto, navigating the world of online gambling becomes a lot easier, as we are more than familiar with the payment processing challenges and risks you’ll face as an online gambling business.
From identity theft to unauthorized transactions, fraudulent activities are highly present in online gambling. Players may attempt to use stolen credit cards or engage in friendly fraud, where they dispute legitimate charges.
Online gambling is considered a high-risk industry by financial institutions. The unpredictable nature of the industry, coupled with potential regulatory changes, makes many traditional banks hesitant to extend their services.
Many financial institutions lack expertise in the online gambling sector. This can lead to misunderstandings during the application process, and many business owners may struggle to convey their business accurately.
Traditional financial institutions are cautious about their reputation. They may shy away from affiliations with online gambling due to concerns about public perception and potential negative associations.
Payment Processing For Your Gambling Business Starts Here.
Your Pathway to Seamless Financial Transactions in the World of Gambling & Online Gaming.
Frequently Asked Questions About Our Gambling Merchant Account
What Is a Gambling Merchant Account?
A gambling merchant account is a specialized type of merchant account tailored explicitly for businesses operating within the online gambling industry. It serves as the financial bridge that allows your gambling platform to accept payments from players securely and efficiently.
An online gambling and casino merchant account ensures that funds are securely processed, settled, and transferred to your business bank account.
Due to the nature of the gambling industry, obtaining a gambling merchant account involves specific requirements and considerations, which is why most gambling businesses opt for a specialized solution for their gambling payment processing.
Why Is the Gambling Industry Considered High-Risk?
Gambling industries are considered high-risk because of the ease at which illegal extra-business activities, such as money laundering by organized crime and possible financing of terrorism, can be handled.
For these reasons, it is challenging and/or very expensive to obtain a mainstream banking service for your gambling industry. Relying on a tailored gambling payment gateway suitable for the gambling industry is the best choice. It facilitates the seamless and secure transfer of funds between players and your business.
How Much Does a Gambling Merchant Account Cost?
An online gambling and online casino merchant account usually cost between 2-4% in transaction fees. However, the price of your gambling payment gateway and merchant account depends on a series of factors like processing history, method of sales, countries, volume of sales, and the nature of your business and products.
All merchant accounts and prices are unique but included terms stays the same for most:
Merchant discount rate, transaction fees, monthly statement fee, monthly gateway fee, four and a half to six-month rolling reserve (depending on bank), charge back fee, refund fee.
Do You Support OCT & FTD?
Yes, we do support OCT payouts, meaning payouts from your merchant account to the end user if they enable a payout.
We also support FTD (first time deposits).
Do You Support Other High-Risk Industries?
Yes, we support a wide range of high-risk industries. Our mission is to provide safe and convient payment processing to all businesses – no matter their risk profile:
How to Choose the Best Gambling Merchant Account?
Choosing the best gambling payment gateway and merchant account requires careful consideration.
So here’s how you choose the best gambling merchant account gateway:
Look for features such as robust security measures, global payment reach, compatibility with your gambling platform, customization options, transparent pricing, and responsive customer support. Additionally, ensure that the provider understands the unique challenges and regulations of the gambling industry.
What Are Your Gambling License Requirements?
PayFasto offers gambling payment processing in Europe and to some parts of the United States. This means the merchant has to have a European company plus fulfill our additional requirements, which includes having a European/UK issued online gambling license.
All gambling merchant accounts are categorized with the 7995 MCC code, which help the payment processors identify the transactions and restrict certain countries.
Do I Also Need a Gambling Payment Gateway?
While some payment gateways might support such transactions, they often don’t categorize themselves as catering specifically to ‘high-risk’ sectors like gambling. This can create issues for you down the line, as the burden of risk usually falls upon the merchant account provider.
Do You Offer Gambling Merchant Accounts to All Countries?
We have a restricted/prohibited policy as these follow local laws in gambling.
These countries are blocked or restricted from getting a gambling mechant account with PayFasto: Brazil, China, Hungary, Hong Kong, Iceland, Israel, Japan, Lithuania, the Netherlands, Norway, Poland, Singapore, South Korea, Switzerland, Turkey and some parts of United States (unless providing local licenses).