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Sports Betting Merchant Account

Sports betting is the act of predicting and placing wagers on the outcome of sporting events. With the aforementioned legal shift, 25 states and Washington D.C. have embraced the opportunity to legalize sports betting, either through legislative statutes or ballot measures. The landscape of sports betting in the United States underwent a transformative shift in 2018 when the Supreme Court overturned the Professional and Amateur Sports Protection Act (PASPA), conferring upon individual states the authority to legalize and regulate this burgeoning industry. As a result, a remarkable proliferation of sports betting entities and ancillary service providers ensued. To comprehend the present state of affairs, it is crucial to understand the foundational concept of sports betting itself. For the latest developments, consulting reputable news sources or official state government websites is advised.

Why Sports Betting Merchants need to apply for a Merchant Account

1

Sports Betting is High-Risk

Sports betting is perceived as risky for several reasons. Firstly, the broader gambling industry carries negative connotations and is linked not only to high-risk credit card processing but also to issues such as fraud, illegal activities, and other complex challenges. These associations can pose significant problems for banks and financial institutions involved in this sector.

2

Complex Legal Issues

Banks may be hesitant to offer sports betting merchant accounts and collaborate with sportsbooks due to the fluctuating legal landscape of online gambling across different U.S. states. Varied laws, including age restrictions, add layers of complexity to this situation.

3

Rick of Scam sites and Fraud

The complexity of the legal framework surrounding online sports betting increases the risk of scam sites and fraudulent activities within the industry. Consequently, banks face a heightened challenge in ensuring that the businesses they engage with are legitimate and compliant with regulations. The substantial additional workload and risk involved lead many banks to opt for avoidance of sportsbooks altogether. Click here to learn more about chargebacks.

Are you Eligible for a Sports Betting Merchant Account?

IntegralPay tries to be as flexible as possible with our clients. We consider each application based on the circumstances of the business owner. You will receive fair treatment throughout the review process.

Do you have questions about our review process and merchant account eligibility requirements? If so, contact our team to have all your questions answered.

Supporting Documents Checklist

  1. Drivers License or Government Issued Photo ID
  2. Document showing Proof of Company Registration (Sole Proprietorship, LLC, ETC)
  3. Voided Check/Bank Letter
  4. 3 Months Bank Statements
  5. 3 Months Processing Statements (if available)
  6. Articles of Incorporation
  7. Betting License(s)
  1. Complete compliance requirements will be specified based on the merchant’s location and target market
  2. Sports Betting Merchants with US players must be licensed to offer betting services in each state where they intend to operate and accept players. Must be legal in these states: ARIZONA | COLORADO | CONNECTICUT | ILLINOIS | INDIANA | IOWA | KANSAS | LOUISIANA | MARYLAND | MASSACHUSETTS | MAINE | MICHIGAN | NEW HAMPSHIRE | NEW JERSEY | NEW YORK | OHIO | OREGON | PENNSYLVANIA | TENNESSEE | VIRGINIA | WEST VIRGINIA | WYOMING

Get Started today with three easy steps

1

Apply Now

✓ Fill out our quick and simple Sports betting merchant application
✓ Securely upload any supporting documents

2

Get Approved

✓ Our trained professionals identify the best payment solutions for your Sports betting business
✓ We work with our bank acquiring partners to secure a speedy approval for your Sports betting merchant account

3

Start Processing

✓ Our technical team helps with payment gateway integration and initial testing
✓ Our premium accounts supports team takes care of you as you grow your Sports betting business

Ready to Grow your Sports Betting Business?

Get Started!
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