The 10 Best Fantasy Sports Merchant Account
A fantasy sport is a game, usually played online, where players form imaginary teams of real players of a professional sport. The teams then compete based on the statistical performance that the players achieve during actual games.
American fantasy football is definitely the top-rated and most popular in the world. ESPN has noted that the fantasy sports industry has generated a whopping $3-4 billion in annual revenue in 2010. The Fantasy Sports Sports Trade Association (FSTA) reported that, in 1988, there were half a million fantasy sports players in both the US and Canada. The number surged to 41.5 million fantasy sports players in 2014.
Clearly, this market will continue to grow, especially with the use of social media. As many lucrative industries have experienced, this type of business will struggle to acquire a merchant account because it is considered high risk.
From the controversial sports betting that ensues, the massive transaction volumes, and the high chargebacks, all these issues make banks back away from this industry.
Fortunately, these 10 merchant service providers are not only supportive of fantasy sports businesses, but are knowledgeable and willing to get you on track and get you processing. Take a look at these providers to determine which will benefit your business.