Many banks today surprisingly will not approve organizations that need to process their client’s credit cards for third party ticketing services such as, sporting events, concerts, night club accommodations, theme parks, charity events and much more. This is because of the associated risk that comes along with accepting payments in the ticketing industry. Most services sold in the entertainment and ticket industry include advanced payments for events that will not be rendered immediately, which is where the primary “high risk” factor comes into play. Other risks include: fraudulent tickets and unethical marketing tactics geared towards consumers.
It is vital that a business in the ticketing industry understands what it truly takes to get a ticket broker merchant account. Most people in the ticket industry do not realize how difficult it can be to get approved for ticket broker related credit card processing. This is where our ticket agency account experts come into play. We will assist you every step of the way and outline the key factors that will help you get approved for a ticketing processing account and stay alive for years to come.
Contact our ticket broker account specialists, and as long as you can keep your chargebacks under 3% we can start setting up your merchant account today.