Get fast, reliable access to merchant accounts and payment gateways
Get Banking Access & Payment Solutions for Competitions and Prize Draws industry
The Competitions and Prize Draws Industry is often classified as high-risk by mainstream banks and payment processors. Even compliant prize promotions that follow the Gambling Act and offer a free-entry route are frequently declined.
That’s where RiskLink comes in. We understand the complex regulations — from CAP Code and GDPR to AML checks — that apply to businesses in this space. Our team works closely with UK-based promoters to ensure they are legally sound and professionally presented when applying for accounts.
We’ve helped dozens of companies in the Competitions and Prize Draws Industry open current accounts, gain access to high-risk merchant services, and start processing payments smoothly — with a 100% onboarding success rate.
Why Choose Risk Link for Competitions and Prize Draws Banking?
- 100% Success Rate: We've placed dozens of competitions businesses with compliant providers — even when others said “no.”
- 7-Day Turnaround: Accounts set up in as little as one week
- End-to-End Support: We liaise directly with banking partners and handle the paperwork, saving you time and frustration
Our Banking Solutions for Competitions and Prize Draws operators
- Bank Account Setup: We connect you with regulated banks that welcome competitions and prize draws clients, ensuring a reliable account setup process that supports your transactions and business growth.
- Payment Processing: Access to safe and secure payment solutions, allowing for seamless processing of high-volume transactions while adhering to compliance requirements.
- Compliance and Due Diligence Support: Assistance with meeting Enhanced Due Diligence (EDD) standards, so you can operate confidently and transparently within the regulatory framework.
- Multi-Currency Accounts: Manage transactions in GBP, EUR, and USD to expand your business reach and facilitate international payments.
How Does Risk Link Support Your Business?
Reliable Account Setup
Fast and secure bank account setup for your competitions business.
Compliance Support
Navigate regulatory requirements with ease through our compliance expertise.
Stable Payment Solutions
Flexible payment processing tailored for high-volume transactions.
Multi-Currency Options
Access accounts in GBP, EUR, and USD to grow your international reach.
Do you work with new companies?
Yes. We help startups as long as you have a clear business model, website under development, and know your compliance position.
Can you help if I’ve already been declined by other banks or PSPs?
Absolutely. Many of our clients come to us after being rejected due to industry classification. We work with providers who understand the prize draw model — including paid entries, free postal routes, and instant win mechanisms — and are open to compliant setups.
Can you negotiate pricing with the payment provider on my behalf?
Yes. We have strong relationships with our partner banks and PSPs, and we negotiate on your behalf to secure the best possible pricing — including setup fees, monthly charges, transaction rates, and rolling reserve terms.
Ready to Secure a Stable Banking Solution for Your Competitions and Prize Draws Business?
Book a free consultation and get expert advice on navigating Competitions and Prize Draws Industry Banking today.
