Merchant Accounts For Fantasy Sports Businesses - Soar Payments

Merchant Accounts For Fantasy Sports

SoarPay is the #1 merchant account for fantasy sports businesses.

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Soar Payments Is The #1 Choice For Fantasy Sports Merchant Services.

Why Are We #1? Because every client gets three guarantees (whether you’re an premium sports advice website, a fantasy football app, or another kind of fantasy sports related business):

  1. Instant Online Quote. When you submit your application, you’ll get an instant price quote to DocuSign. No offline paperwork, no faxes, no waiting.
  2. Industry Minimum Pricing. You will automatically receive Industry Minimum Pricing in your online quote. No more frustrating haggling with sales reps.
  3. USA-Based Customer Support. When you call or email, you’ll always speak to our friendly support team, based in Houston, TX.

Click Here to Apply Online Now. It takes about five minutes, and you’ll receive an instant price quote to DocuSign.

 

Fantasy Sports Credit Card Processing

Why We Proudly Serve Fantasy Sports Merchants (Even If Most Processors Don’t)

Most credit card processors do not accept businesses operating in the fantasy sports industry for two reasons: (1) Fantasy sports are regulated by the US federal government (minimum age requirements, etc.), and ensuring compliance that businesses applying for a merchant account comply with those regulations places a larger burden on the credit card processor’s underwriting team, and (2) fantasy sports generally accept payments via eCommerce and virtual terminal on a recurring billing basis. These types of payments are subject to increased rates of chargebacks and fraud, posing financial risks to the credit card processor. Due to these two reasons, most credit card processors do not offer merchant accounts for fantasy sports.

By contrast, Soar Payments has been proud to offer merchant services to fantasy sports related businesses since it’s inception. Our extensive relationships with credit card processors who have the capabilities to underwrite regulated businesses like fantasy football & baseball, combined with our integration of fraud and chargeback prevention tools, uniquely positions Soar Payments to provide affordable and reliable credit card processing solutions for the fantasy sports industries.

Questions? Call Our Team: 1 (888) 225-9405

 

Types Of Fantasy Sports Merchant Accounts

Soar Payments offers a full spectrum of merchant accounts for businesses in the fantasy sports industry.

Retail

A retail merchant account allows you to accept face-to-face debit and credit card payments from customers via a credit card machine or point of sale system.

Retail fantasy sports merchant accounts are best suited for businesses who sell to their customers face-to-face, in a retail or storefront location with a reliable wired internet connection. Due to their low rates of fraud and chargebacks, retail accounts are typically priced the lowest.

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Mobile

A mobile fantasy sports merchant account allows you to accept payments face-to-face via an credit card swiper that attaches to your mobile phone or iPad.

Ideal for businesses that sell in-person to customers outside of a traditional storefront setting, such as businesses that sell at conventions or at live sporting events. Mobile credit card processing accounts, like retail, have lower rates of chargebacks and fraud and are thus priced lower.

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Virtual Terminal

A virtual terminal merchant account enables businesses to accept payments over the phone, via mail order, or keyed into a computer without outside equipment.

Also called payment gateway accounts, these are best suited for businesses that primarily accept payments over the phone. Due to their vulnerability to customer fraud and chargebacks, Soar Payments offers integrated chargeback and fraud protection tools with these accounts.

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eCommerce

Fantasy sports related businesses that want to sell via a website, need an eCommerce merchant account.

Our eCommerce fantasy sports merchant accounts integrate with most major website platforms and shopping carts, making setup simple. Because of their vulnerability to customer fraud, we offer integrated chargeback and fraud protection tools with these accounts.

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Frequently Asked Questions

Here are common questions specific to fantasy sports merchant services:

  1. What types of fantasy sports industry businesses do you accept?

    Soar Payments accepts a wide range of retail, virtual terminal, eCommerce and mobile-based businesses related to fantasy sports. These include: fantasy sports like fantasy football, baseball, soccer, and hockey, plus sports forecasting and advice, online premium websites, fantasy sports magazines, draft boards, cheat sheets and draft kids, draft software, and apps.

  2. ​Does Soar Payments help me setup my merchant account?

    Yes. If you accept retail or mobile payments, your credit card processing equipment will be shipped pre-programmed to you, so that you simply have to plug it in, and you’re ready to accept payments. For fantasy sports businesses using a virtual terminal, we will provide you with all of your login information, so that you simply have to log in and type in the customer’s credit card information. And finally, for eCommerce businesses, if you have a specific shopping cart you would like to use, we will pair your online merchant account with the proper payment gateway so that you’re able to simply copy and paste your account information into the shopping cart, and you’ll be ready to accept customer payments online.

  3. What chargeback and fraud protection technology do you offer to protect my business?

    Soar Payments offers all clients a wide array of chargebacks and fraud prevention tools to our merchants. Fantasy Sports businesses face unique risks, however, and as a result we offer industry specific solutions.

    For fantasy sports businesses, particularly eCommerce and virtual terminal, we offer a specialized payment gateway that automatically attempts to ascertain the identity of the person actually making the purchase (not simply who they say they are) and consequently better ensure that they actually own the credit card being used. This prevents fraudulent purchases, which long term typically end up resulting in chargebacks to the business. In the event that a chargeback does occur, we also offer integrated chargeback fighting technology which allows the business to promptly and effectively fight chargebacks automatically.

Have another question? Click here to read our full FAQ.

 

How Does The Application Process Work?

Step 1. Apply Online

Complete the online application process (it takes 5 minutes). Click here to begin.

Step 2. Get An Instant Quote

You’ll instantly receive a quote with Industry Minimum Pricing to DocuSign.

Step 3. Start Accepting Payments

Our Houston based Customer Support Team will help you get set up, fast and easily.

Click Here to Apply Online Now. It takes about five minutes, and you’ll receive an instant price quote to DocuSign.