A UK-based operator of free prize draws is seeking merchant account and payment gateway providers that accept their business model. Prize draws—where participants can enter by purchasing tickets or mailing free entries—are often classified as high-risk by traditional banks.
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The discussion remains open with no definitive solution chosen. Several responses veered off-topic into general gambling site recommendations rather than addressing the specific merchant account question.
Hi there,
I’m a UK based operation and I am hoping to confirm whether there are ANY merchant accounts for a business like mine.
In short, we run what the UK government describes as ‘free prize draws’ - you can either buy a ticket online, or enter for free via posting your entry in. The winner is then chosen at random and wins a prize and are looking for a payment gateway and merchant account that can help us process payments.
Any help is appreciated, thanks Liam
Hi Liam,
I did some research on high-risk payment gateway in the past and this is some of the stuff I learned.
You will need to search around for high-risk payment gateways (Google) and call them and ask to speak with their underwriting manager to see if they would approve of your business. Don’t bother speaking with the sales rep. Their goal is to sign you up as quickly as possible. You don’t want to submit all your personal documents only to be told that they no longer approve your business. Each payment gateway is very different with each having its own stance on what business they would accept.
Doing a quick Google search will give you quite a bit to work on to figure out what the policy for each payment gateway is.
I hope this information helps you a bit.
Hi! Why do you need any intermediaries or providers to withdraw money from betting or gambling? the site itself should play this role. It should give you the opportunity to withdraw money to any payment system. If he does not give this, it means that the site is either of poor quality or a site for deceiving people. So I do not advise you to put it on such sites. I personally found a great gambling site. Playing and placing sports bets there, I make 500-1000 dollars in a couple of hours. Better than most jobs. This is also the best site for sports betting!
I have been playing all gambling for five years. Mainly I prefer the casino, and I will tell you right away, Be sure to read the terms of their provision. Sometimes, especially gambling sites like to do it at registration, give a bonus for nothing, such as 25 free spins. That’s a whole 25 games, during which you can win something! Usually, they win all sorts of small things, but still, there are cases of big winnings. So, these winnings need to be wagered. This means that if you have nothing in your account, you need to make a deposit and play for real money. Or your winnings from leon.casino will still be in your account.
I agree with the words above. Users prefer sites with the best payout, so this should be given special attention. I can advise in this matter to get acquainted with what other gambling sites offer. Here https://casinotop.co.nz/best-payout/ has some pretty detailed information that may be useful to you. Good luck with your business!
Liam, hi! I don’t understand a little why you can’t enter the payment system into the site itself?
Liam, hi! I don’t understand a little why you can’t enter the payment system into the site itself?
Liam, hi! I don’t understand a little why you can’t enter the payment system into the site itself? So it’ll be much more convenient when the system is built into the site itself. It seems that you need to change the developer of your site and then everything will be fine. Once I was fond of online casinos, there was a very convenient payment method.easy money come for you here you can look. Money was debited without commission and the card was also replenished very quickly and without delay. So I recommend making just a good site and then everything will be fine.
Thanks, everyone for the replies in this thread!
I’m not sure about specific merchant accounts for your type of business, but have you looked into payment providers that cater to the gambling industry? There are a few out there that might be worth checking out.
In my opinion https://in.1xbet.com/slots can become a good partner for your business. Especially in terms of payments. Try to negotiate with people, maybe something can be delegated to you?
If you will build a game and will connect a payment option, then everything will work for you. For instance, I did the same with a Plinko game thanks to the guide https://plinko-plinko.com/ about the game that is described there.
For me, it was an easy task. Hope it will be easy for you as well :3
Yes, there are merchant account providers in the UK that cater to businesses like yours, which run prize draws or competitions. Traditional banks may classify these businesses as high-risk and could decline applications, but specialized providers can assist:
Extra Direct: Offers guaranteed acceptance for competition businesses, providing full banking facilities even if you’ve been declined elsewhere.
Xace: Provides business accounts tailored for competition and giveaway businesses, with features like direct debits and virtual cards.
Merchant Advice: Specializes in high-risk merchant accounts, including payment gateways for competition websites.
When applying, make sure your business complies with UK regulations for prize competitions to avoid any legal issues. The Gambling Commission provides guidelines for this.
It’s a good idea to consult with these specialized providers to find a solution that works best for your business.
There was talking about betting companies and I would like to clarify some facts, for example, which ones operate in Ireland and how reliable they are. My friend and I have heard that there are problems with some bookmakers, and I would like to learn how to earn money on sports betting. But it is realistic to do it only with a reliable bookmaker, I would like to know the opinion of experienced sports betting players on this issue.
I understand your concerns about finding reliable betting companies. It’s crucial to choose a trustworthy bookmaker, especially since there are some issues with certain platforms. For me, it’s about doing thorough research and reading reviews from experienced players. Once you find a reliable bookmaker, you can start making money, but always gamble responsibly. By the way, what do you think about the Top 5 Irish athletes of the year? I’d love to hear your opinions on that!