To find out more about Instabill’s merchant services, speak with a live representative directly at 1-800-318-2713, click the ‘sign up’ button above or use the live chat feature at the bottom of your screen.
To learn more about our gambling merchant accounts, click to expand each section.
Approval times for Online Gambling merchant accounts vary with each type of solution Instabill offers:
Whichever you prefer: Call us direct at 1-800-318-2713, Click the ‘sign up now’ box above or the live chat option to get started.
Instabill offers numerous payment processing solutions for online gambling merchants separated into four categories:
Our online gambling merchant account fees are industry-competitive and affordable, and the application process is free. Once you have been pre-approved, our underwriting department will match your business with the acquiring banking partner we feel is the best fit for your needs. The bank will then process your application and determine your merchant account fees.
Your fees are contingent on several factors, such as the merchant’s processing history, type of industry (high or low risk) and/or projected sales volume. Each online gambling merchant account is different, but typical fees include:
With the exception of Nevada, New Jersey, Delaware and Pennsylvania, online gambling remains illegal by U.S. federal law. Additionally, most internet gambling sites are based offshore, leaving U.S. banks no options to providing credit card processing solutions.
Other factors contributing to its high risk label include high chargeback rates and the risk of gambling addiction, with which banks wish not to be associated.
Chargebacks can be a problem for an online gaming business. A player at an online blackjack table takes a huge loss, telephones his credit card issuer and denies the charge. It’s a he-said, she-said battle that e-commerce merchants rarely win.
Instabill provides merchants the education they need to prevent, dispute and even reverse chargebacks with its frequent blog posts on chargeback strategy.