Sports Betting Advice Companies

If you offer sports betting consulting services, get ready for prosperous times ahead. Since the Supreme Court overturned the federal ban on sports betting in 2018, the industry has experienced explosive growth. The US sports betting market is projected to reach $37 billion by 2025. With more states legalizing sports betting, there’s never been a better opportunity to sell betting advice.

However, running a successful betting advice business isn’t without its challenges. Financial institutions often hesitate to provide payment processing for online sports betting advice providers due to the perceived high-risk nature of these businesses. Without the ability to process online payments, selling picks and turning a profit can be daunting.

Why are Sports Betting Advice Businesses Considered High-Risk?

Despite legalization in many states, banks are cautious about offering payment processing for online sports betting advice due to several factors:

• Federal Legal Gray Area: While states can legalize sports betting, federal law still prohibits it in many contexts, creating uncertainty.
• High Chargeback Rates: Subscription-based models common in sports handicapping lead to higher chargeback rates as customers sometimes dispute charges.
• Increased Fraud Risk: Online transactions (CNP) are susceptible to higher fraud rates compared to in-person transactions, posing risks for payment processors.
• Customer Disputes: Dissatisfied customers who lose bets may dispute transactions, further complicating payment processing.

How Can Safe Merchant Solutions Help Sports Betting Advisors?

With over 15 years of experience in high-risk industries, Safe Merchant Solutions specializes in supporting sports betting advice businesses. Through our extensive network of 25+ banks, we can quickly set up a high-risk sports betting advice merchant account tailored to your needs. We cater to various sports betting consulting businesses, including:

• One-on-one sports betting advisors
• Sports handicapping services
• Sports betting advice apps and websites
• Sports betting podcasts

Beyond account setup, we provide advanced technologies for chargeback reduction and fraud prevention, safeguarding your merchant account from potential termination risks. Our services include:

• 24/7 customer support
• Fast signup and approval
• Competitive processing fees
• Seamless integration with your existing systems
• Maintaining chargeback ratios below 2%
• Processing ACH and credit card payments

Set Up Your Sports Betting Advice Merchant Account Today

Struggling to find a reliable high-risk sports betting advice merchant account provider? Whether you’re dissatisfied with current terms or seeking a new solution, Safe Merchant Solutions can help. Sign up for a free trial to explore our services risk-free. For any inquiries about our offerings, please contact us—we’re here to assist you.