High Risk Merchant Account UK | Octapay LLC

  The online gambling industry is growing at an encouraging rate. It is all set to touch 1 trillion by next year. People are using their mobile phones to access gambling sites and transact, making it all very interesting and revolutionizing. The industry has grown at a CAGR of about 18.8% from 2017 to 2021. Gambling is a lucrative business. But, conventional banking systems look at such sites with doubt, viewing it as a high-risk business. Getting your  online gambling merchant account  open with such traditional institutions can be a time-taking process. It involves plenty of paperwork, lots and lots of to and from running around, and finally, when the account is opened, the merchant service fees charged at extraordinarily high. Bitcoin merchant account  is another high-risk account categorized by conventional financial and lending systems in the country. Thanks to the growth of payment processors and service providers that offer fast and seamless solutions to s...

  If you choose to get your  gaming merchant account   from a well-established service provider, you would typically need to provide the details of your business account, and also submit the financial statements of your company and the business license documents to get it approved and working. Gaming merchants like casinos or sportsbooks, lotteries, or auctions always face issues with banks because most of them are not readily forthcoming to open such accounts and bear the risks associated with it. With the growing number of chargebacks and refunds, getting online accounts open can prove to be a big challenge for online gaming merchants.  The good news is that with the growth of the digital platform, today there are several  online gaming payment processing  companies that offer fast services to such merchants. This essentially means that the wait times are reduced and the steps involved in opening the online gaming account are speedier and quicker. How...