Why Fantasy Sports Merchant Account are Considered As High Risk Merchant Accounts?

Believe it or not, Fantasy sports industry is a massive and rising rapidly with CAGR of 13.9% annually. The growing popularity of sports, and an increasing number of internet-accessible devices and sports sponsorships made fantasy sports more popular than ever.

Fantasy sports are a type of game, played using the internet, where the player creates a virtual team consisting real player of any professional sports. These teams compete based on the static performance of those players in the actual game. This performance is converted into the points that are compiled and totalled according to a roaster selected by the team manager.

Draft-Kings and Fan-Dual have grown immensely by so-called daily games, where a player picks a team for one day, or in case of football, one week. 

Fantasy sports market segmentation 

By Sports type

• Football

• Baseball

• Basketball

• Cricket

• Others

By Platform

• Website

• Mobile Application

By Demographic

• Under 25 years

• 25 to 40 years

• 40+ years

By Region

• The U.S.

• Canada

• Mexico

Why Fantasy sports considered as a high-risk business?

If you are merchant involved in the fantasy sports industry or thinking to start a fantasy sports business, then getting the ability to collect the payment should be your priority. Although, it is not a simple task to get payment processing service for the merchants, because traditional banks and financial institutions are very leery of partnering with anyone involved in the fantasy sports business. The fantasy sports industry has been considered as a high-risk business, not because of the nature of the company only but also due to the high number of volume transactions and chargebacks.

Get solution for a high-risk merchant account with eMerchant Pro.

eMerchant Pro is the perfect choice for your high-risk business. It helps fantasy sports merchants in getting approval for Fantasy Sports Merchant Account under the guidance of their experts.

eMerchant Pro integrates a suitable payment gateway with your e-commerce website and helps merchant in managing their financial transactions. Payment Gateway allows merchants in receiving their payouts online and generates the revenue for the business. With our gateways, you can avail extraordinary gains in your business, whether you are a domestic merchant or international merchant.

Get solution for credit card processing service with eMerchant pro. With our Fantasy Sports Merchant Account, we are offering you a credit card processing service. It allows you to accept payment via credit card and debit card supporting different card brands like Visa, Master Card, and others.

eMerchant helps merchants in gaining and extraordinary profit for their business with its multi-beneficial merchant account. Let discuss in brief.

Alternative Payment Methods

E-merchant pro allows you to accept your payout from your customers in several methods like ACH, E-check, credit card, debit card, mobile payment, and others.

Diverse currency payment option

Allowing your customers to pay in their suitable currency makes your business trustworthy and reliable. E-merchant pro offers multicurrency payment option with its Fantasy Sports Merchant Account and allows your customers to pay in their desired cash.  

A secure payment processing service 

With its Fantasy Sports Merchant Account, eMerchant Pro provides a highly secure payment gateway. It compliance PCI-DSS level I certified security standard with SSL encryption and API integration. These features allow you to give a smooth and safe payment experience to your customers. It saves your customers data from the theft.  

Real-time payment solution

eMerchant Pro provides real-time payment options with its Fantasy Sports Merchant Account. It enables you to collect the funds from your customers instantly. It helps those customers to place a bet; they can transfer the fund in just one click with a real-time payment solution.

An offshore solution to the exact way to the global market for your business

If you are seeking a solution for international payment processing to expand your reach in the global market, eMerchant has a complete solution for you. It helps you with your offshore merchant account and international payment processing service. International payment processing allows you in collecting your payouts from your customers globally. eMerchant Pro helps you in the immense growth of your business and increasing the number of customers.

Summary

The fantasy sports industry is being popular more than ever before. The global fantasy market size valued at USD 18.6 billion in 2019 and expected to reach USD 48.8 billion by 2027.

Merchants require a payment processing service to allow customers to make online betting. It generates the need of Fantasy Sports Merchant Account for a fantasy sports merchant, but getting a merchant account for a merchant is a challenging task.

eMerchant Pro is a payment processing service provider to high-risk industries. eMerchant Pro offers you a low guaranteed cost in the market with no application fee. We ensure our clients to provide the best and suitable service for their business and help them in the static growth of your business.

To learn more about Fantasy Sports Merchant Account, connect with eMerchant Pro.