E-gaming companies include online casinos, poker, draws, bingo, lottery, skill games, crypto casinos and all other online companies operating on the internet with a gaming license.


Apply here for a Gaming companies corporate services

Read in Our Curacao Gaming License Guide:

  1. You are here – Recommended Banking and Merchant Accounts for Online Gaming Businesses
  2. Curacao Gaming License Costs and Requirements
  3. How to Get an Online Gaming License?
  4. How to Set-Up a Gaming Company and Open an Online Casino Business
  5. Online Gambling Licenses – How to Keep the Law and Succeed at the Same Time?
  6. What Licenses Are Necessary to Run a Gambling Website?
  7. Online Gambling Jurisdictions and Licensing Authorities
  8. Why USD Transfers Are Decreasing in Europe
  9. Where can you Operate with a Curacao Gaming License?


For these e-gaming companies there are two basic “must-have” financial services:

  • A merchant account
  • A bank account

Many banks lack knowledge of the online gaming industry and regulations so they are hesitant to open accounts for e-gaming companies. Financial institutions often impose strict requirements on e-gaming companies before allowing them to open accounts. Once you have managed to open online business bank account and merchant account for your e-gaming business your accounts will be screened and monitored daily by the banks.

E-Gaming Merchant Accounts

E-gaming companies will need a merchant account in order to accept card payments from their players. Banks view online gaming companies as high risk and see the e-gaming industry as one that is constantly evolving. Online gaming companies are often associated with high chargeback rates, money laundering problems and fraud. However, the e-gaming industry is highly regulated and there are comprehensive compliance regulations in place both nationally and regionally. As e-gaming companies are considered high risk they are often rejected by banks and instead have to work with a high risk payment processor that is familiar with the gaming industry and already provides gaming merchant services.


One of the main reasons banks and payment service providers reject e gaming companies as new gaming merchant account customers is the issue of chargebacks. Banks also consider e-gaming companies high risk because of the danger of disputes over bonus claims and the risk of gambling addictions.


With the ever increasing popularity of paid online gaming and the increased number of e-gaming companies the need for e-gaming payment processors to support the online gaming industry has also increased. It is vital for gaming businesses to have the right payment solutions for their customers.

Gaming Merchant Account Fees for Online Gaming Businesses

Online gaming companies must have a gaming merchant account in order to accept card payments but maintaining a merchant account comes with a price. Merchant account fees are customized according to how high risk your business is considered to be; your company’s legal structure; processing history and location of players. The fees can be 2% – 12%.

  1. Account holder fee
  2. Monthly fee
  3. Transaction fee
  4. Clearing fee
  5. Chargeback fee

E-Gaming Business Bank Accounts

Despite it being difficult for online gaming businesses to find a bank that will offer them banking services there are some financial institutions that accept e-gaming companies that have an online gaming license; approved beneficial owners and a clear company structure.

Features of an e-Gaming Corporate Bank Account:

  1. The account must be able to receive money from the company’s merchant account.
  2. E-gaming business bank accounts must accept multiple currencies.
  3. An e-gaming bank account should offer multi-signature rights.
  4. Internet banking enabling you to make transactions online anytime, anywhere.
  5. Your business bank account should provide a debit card so that you can withdraw funds anywhere in the world.
  6. E-gaming companies need a business account which can send and receive funds from anywhere in the world and in any currency.

Gaming Payment Processing Solutions

To best serve their customers gaming sites must provide a fast, secure and easy way to make payments.  Gaming payment processing solutions must accept credit cards and mobile payment. They should operate in multiple currencies and offer in-game payment support. There should be multiple user-friendly payment options and several language options. Payment processing solutions should reduce chargebacks. They should protect the gaming site and customers from fraud. With the right payment processing provider sites can be efficient and mitigate risk.

Gaming Payment Processing Services

Not all payment processing services accept clients from the gaming industry. Gaming is considered high risk because of the heavy traffic, high transaction volume, vulnerability to fraudulent activity and chargebacks. Gaming websites have to use a service to process incoming bets and payouts to their players. Gaming payment processing services provide real-time identification of fraudulent transactions, and fast card payments from players around the world, in multiple currencies.


Gambling Credit Card Processing

Gambling credit card processing needs to be user-friendly, mobile-friendly and accept credit card payments from around the world in multiple currencies. Credit card processing needs to be secure and protect the gaming company and player from fraud. Most credit card processing services consider online gambling high risk and so the fees can be higher. Look for a credit card processing service that specializes in high risk merchants.


Gambling Payment Processors

Gambling payment processors should provide gaming sites with a smooth pay-in and pay-out process so players can pay for their gambling and receive their winnings easily. Payment processors can provide gambling sites with different payment methods, local payment solutions, recurring billing, and chargeback prevention plus integration with the largest gambling platforms. A reliable and user-friendly gambling payment processing system will encourage players to choose your gaming site.

Online Gambling with Debit Card

Most well-known card companies allow online gaming with debit card. Almost all online casinos and gambling sites allow players to make deposits and withdrawals with debit cards. Gaming online with a debit card allows you immediate access to cash. Gambling sites have no problem with players using debit cards rather than credit cards as it helps them limit rejected payments. Players paying by debit card have fraud protection because of the pin code and they are limited to spending only money they have.


Bank Account for Gambling Company

Mainstream banks consider gambling companies high risk and often implement stringent restrictions and requirements on any bank account for a gambling company.  When choosing a bank account for your gambling company consider the length of the on-boarding process, ongoing services they provide, fees and customer service. Look for a bank account that will provide a Swift Code, credit card and e-wallet settlements, multi-currency accounts, Internet banking, fast payments and a business card linked to the account.

Online Gambling Merchant Accounts

In addition to a current bank account, Internet gambling companies need a merchant account in order to process players’ payments. When applying for online gambling merchant accounts gaming companies will usually need to provide, a letter from their bank, valid ID or social security number, certificate of incorporation, recent bank statements and proof of a safe and legal gambling website with a minimum chargeback ratio history. Depending on the level of risk a merchant account may be approved with restrictions. Merchant accounts often come with services such as 24/7 customer support, recurring billing, chargeback management tools, a payment gateway, fraud filter and more.


Online Gaming Merchant Account Services

All Internet gaming sites need merchant account services to process payments. A merchant account for online gaming should include services such as credit card processing solutions; fast account approval; e-commerce and retail options; chargeback management tools; payment gateways; multiple payment solutions; fraud filters; intuitive compatibility and comprehensive customer support. To find a merchant bank account for your gaming business it is best to avoid the traditional banks and instead use the services of a company that specializes in high-risk merchant accounts. Although the processing fees and competitive rates tend to be higher with high-risk merchant accounts, they have the underwriting ability for online gaming merchant accounts as well as experience working with the gaming industry.


Online Gaming Industry Merchant Account

When choosing your online gaming merchant account, it is important that your service provider has previous experience working with the gaming industry. Traditional banks usually prefer not to take on gambling businesses as new clients because of the high-risk involved. The gaming industry has a reputation for being high-risk. They present a potentially greater financial risk to merchant banks and the industry has a reputation for illegal dealings. To improve your chances of being accepted by a payment processing provider, it is best to handle any unpaid bills, low credit scores or negative account balance before applying for your merchant account. This will increase your chances of being accepted. Even if an Internet gaming businesses has a history of bad credit, excessive chargebacks and rejection by credit processes, they can still find a high-risk merchant bank account to process their online payments. With the right payment processing provider online gambling businesses can start operating with confidence and know that they are backed by professionals.


Online Gaming Merchant Account Requirements

The requirements for opening a merchant account for online gaming businesses include Articles of Incorporation; Certificate of Incumbency; a gaming license; copies of ID documents of all company owners, officers and beneficiaries as well as the completed application form. The payment processing provider may check whether your gambling site has a privacy policy page; a page of terms and conditions; contact details; the company name; Visa and MasterCard logos displayed on the website and a page outlining the deposit and refund policy of the website. To open a merchant account, you will also need to have a business bank account and divulge your financial history including your credit score, bank balance, unpaid bills, credit card processing history and your bank statements. The payment processing provider may require additional documents such as business forecasts and details of your business policies. The merchant account requirements many vary according to your jurisdiction and your type of business.


Online Gaming Merchant Account Fees

Online gaming merchant account costs vary according to the payment processing provider you use; your business; your credit history; your account requirements and your jurisdiction. Online gaming merchant account rates start with a set-up fee that can range from zero to a couple of thousand. Then there is a fee of about $1,000 ($500 each) for registering with Visa and MasterCard; this fee is paid annually. Some payment processors cover the cost of the initial registration but eventually they will charge you for it. Once those initial payments are made you can then choose which pricing model you want for your merchant account. You could pay a fixed percentage plus a fixed per-transaction fee. Alternatively, there is a tiered price model where your provider charges according to how much risk is involved in each transaction.  Some payment processing providers charge a variable percentage of the transaction plus a transaction fee. In addition, there are the charges for various optional services like insurance coverage and security monitoring. The rates for gaming merchant accounts include an account fee; optional 3D secure; refund fee; retrieval and chargeback fee. There will also be a PCI compliance fee; a rolling reserve charge and charges for use of the payment processor’s gateway including a transaction fee, monthly fee and 3D secure transaction attempt fee. If and when you decide to close your merchant account, you will be charged a termination fee.

Egaming Payment Services

An egaming payment service provider should have anti-fraud tools; an easy onboarding process and full integration for gaming businesses dealing with multiple esports. Egaming credit card processing for esports companies should offer multiple payment methods such as ewallets, physical devices, cash-to-digital payments, debit and credit card payments. They should also be able to process multiple currencies. Payment solutions offered by payment processing providers should ensure that the payout engine always pays on time. Today, egaming managed risk merchants are not as much of a risk as they used to be thanks to regulation and technology. Egambling is now a highly regulated industry and there is technology to safeguard against fraud. The main risks faced by egaming businesses are money-laundering, non-compliance with regulations and fraud. When a payment processing service opens a merchant account for an egaming business they have to consider all the potential risks. High-risk merchant processors will go to a great extent to learn the nature of a potential client before opening a merchant account for them. The high-risk merchant processor will thoroughly evaluate every possible risk factor of an egaming business before taking them on as a client.


Bank Account for Gambling Company

To operate a gambling company, you will need a merchant account and a bank account for gambling business. A merchant account allows online gaming sites to accept debit and credit card payments as well as other electronic payments. When payments are processed the funds are deposited in the merchant account. Eventually the funds are transferred to the gambling business bank account where the funds can be accessed. Payment providers facilitate payment processing and receive the funds into the merchant account. Although both a merchant account and business bank account are sometimes referred to as business accounts, the merchant account acts as an intermediary between the players’ card-issuing bank and your gaming business. The services offered by payment processing providers can be extensive whereas the online gaming bank account offers traditional business account facilities. When setting up a new online gaming company you will need to open your gaming bank account first and only then apply for your merchant account.


Apply here for a Curacao Gaming License


Bank Account for Esports

For your esports bank account it is important to choose a financial institution that has knowledge of the gaming industry and can tailor your account to suit your unique needs. Choose a licensed institution so that your funds are always safeguarded. The financial institution providing bank accounts for esports companies should provide an experienced team; esport friendly transactions; multiple currencies; virtual IBAN account; virtual debit cards and multiple payment options including SWIFT, SEPA, CHAPS, BACS and fast payments. The ideal bank account for esports offers streamline business banking, competitive fees, hassle-free onboarding, quick processing and settlements, cutting edge technology, and a dedicated account manager.

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