Gaming bank account

busuk · Dec 23, 2009

Hi All,
I have tried to get the answer to this question just about everywhere & failed

I have just started a new venture in online gaming/gambling, done all the ground work, development and formed the company but just learnt that its very difficult to get a bank account for a business in online gaming. Someone even told me there is a blanket ban on (UK) Highstreet banks. I found this difficult to believe so called almost all of them and the moment I get through to someone on the phone for an application and I mention online gaming they say they can't help.

Would this mean I need get an offshore account as a final resort or could I use a prepay credit card and link it to the merchant :|

I hope someone can help, Thanks for your time!
Rick

slogold · Feb 28, 2010

if you have license for your gaming there should not be a problem opening bank account

trebor8 · Feb 28, 2010

busuk said:
Hi All,
I have tried to get the answer to this question just about everywhere & failed

I have just started a new venture in online gaming/gambling, done all the ground work, development and formed the company but just learnt that its very difficult to get a bank account for a business in online gaming. Someone even told me there is a blanket ban on (UK) Highstreet banks. I found this difficult to believe so called almost all of them and the moment I get through to someone on the phone for an application and I mention online gaming they say they can't help.

If it is all legit and your background credit checks are ok, then you shouldn't realy have a problem. You will find it difficuilt to open a merchant account but not a business account.

busuk said:
Would this mean I need get an offshore account as a final resort or could I use a prepay credit card and link it to the merchant :|

Because you won't be able to open a merchant account to bank all that money you will make, you need the services of a 3rd party credit card processing company for these type of websites. Not all 3rd party cc's will take you, as you will be considered high risk.
CCBILL, Epoch and GTBILL are the rock solid quality ones most use. They will take an absolute chunk of your profits tho. Be careful and DO your research, there are plenty of sharks out there

I hope someone can help, Thanks for your time!
Rick[/quote]

slogold · Feb 28, 2010

merchant account is not a problem as long as you have license and volume

busuk · Mar 19, 2010

Hey Guys,
This is sorted now. Went with Wirecard Bank in the end.

majsharps · Apr 13, 2010

I'm in a similar situation and have found all you're replies helpful so thanks for posting.Any other info regarding banks who work with online raffles / gaming would be great.

Cheers

Search

Search

Gaming bank account

busuk

slogold

trebor8

slogold

busuk

majsharps

Similar threads

Latest Articles