Can i get echeck account for my casino

Merchant Services Q&ACategory: ACH EcheckCan i get echeck account for my casino
Bankim Chandra Staff asked 8 months ago
1 Answers
Bankim Chandra Staff answered 8 months ago

Echeck is becoming a preferred mode of funds uploading with various legal online casinos. It may be easy to get an echeck solution for online casinos but merchants must be aware about the regulations. The merchant should keep in mind all the laws and regulation in terms of online casino operation at the jurisdiction of merchants registration and the user.
For online card processing in the casino industry merchants are required to comply with above stated regulations as well as card schemes rules. The industry may be legal in some nations but one must be aware that it is a highly regulated and scrutinised industry. 
Merchants should be 100% transparent and honest in terms of there operation and should carefully comply with all the directives of card schemes as well as government regulations. Acquiring institutions that offer solutions to casino merchants are also responsible for performing in-depth check and proactive as well as regular monitoring of the accounts and transactions.
The MCC code should be carefully selected and along with that with each transaction the correct date input must be sent so that the card issuer may accept or decline the transaction. Merchants in the online casino industry must be aware that the penalty for non compliance can be huge and may also include listing of the merchant in the TMF registry.
For precise responses to questions related to online casino merchant account transactions you must contact you acquiring institution. They will be able to give you the correct response.