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In 2015, Master Card, Visa, and American Express introduced these codes: The new MCCs validate licensed online casinos in the eyes of merchant service providers, which hopefully make it easier to obtain merchant accounts.
As more states legalize online gambling, merchant account providers will realize they need to adapt.
To succeed, legal online casinos need to be able to earn money by gaining players’ trust by reliably charging their cards and funding their accounts.
Online casinos need to meet their customers’ needs while complying with all laws and regulations.
Though getting an account may not be very easy, it can be achieved if you know what to expect and plan for it.
The casino industry falls into an area of legal ambiguity because whether online gambling is legal depends on where you live and play.
These challenges vary from country to country and from state to state in the United States.Casinos also are attractive to cybercriminals due to the volume of daily transactions, as well having a large number of high-ticket transactions.