Why do online gambling merchants need their own Merchant Account?

All legalized, online gambling sites require Internet merchant accounts in order to allow their customers’ the ability to make a deposit or place a bet with their credit card.

It is virtually impossible to run a profitable online gambling operation without a merchant account that provides real time credit card processing solutions for customers. Most merchant account providers shun these merchants. The business may be lucrative but most find it riskier than the adult services and may allow adult service providers in their merchant panel but ban online casino sites.

Why Instabill.com provides Merchant Accounts for online gambling businesses?

Instabill.com started out providing merchant accounts to online gambling businesses in 2001. Some of these companies have since become Blue-Chip companies on the UK and other European stock exchanges, whilst others have remained private and continue to process millions of dollars every month through their online merchant accounts. We realize this market will continue to develop worldwide, Instabill therefore shall continue to provide online payment processing for online gambling businesses for years to come.

Bill Would Reverse Online Gambling Ban (in the US)(external link)

What are the general Rates adult Merchants pay for their credit card processing accounts?

Online Gambling merchant account rates are assessed on a case by case basis. Gambling merchants with high monthly sales turnover in excess of $1 million generally pay between 3-4% for their merchant account, whilst start up gambling merchants and, those online gambling merchants with low monthly sales turnover (less than $50,000 per month) generally receive rate offerings between 5-6%.

What is the usual timeframe from when I submit my merchant account application to actually receiving a merchant account approval?

Instabill generally receives an answer from one of its’ merchant acquiring bank providers within 3 working days. Upon receiving a merchant account approval notice an Instabill Account Manager communicates all the credit card processing terms and conditions of the bank to the merchant. If the merchant accepts the offer, a merchant account contract is emailed to the merchant for them to sign and return the contract back to Instabill. Live processing can usually start 24-48 hours later.

Our approval rate is 98% and if you think your business will be a success we offer you the chance to prove it!

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