Get Lucky! Scoring a Lottery Merchant Account Offshore Part 1

And now let's go back to the original question: So what do I need to do if I want to sell lottery tickets online? First of all, it will be easier to set up this kind of high risk business offshore. As we've discussed earlier, the FTC allows companies to set up lottery businesses as long as they sell the tickets locally (in participating states) and never through mail, telephone, or online. That means your customers are limited only to the residents of your participating state. Elsewhere in the world, e-commerce lottery merchants are making good profit off worldwide buyers. So if you are bent on setting up this type of business, you would need to get a lottery merchant account offshore. This will make things easier for you as doing business offshore has a hefty number of advantages.


GOING AROUND IN CIRCLES

I must confess it has taken me sometime to get the whole picture of buying lottery tickets online. Years ago, I mistook buying them as legal, selling illegal. I had originally thought anyone can buy tickets anywhere. Of course, my naivety has only been born of the fact that I don't really buy lottery tickets. Not even offline. Please don't ask me why, or whether I should try!

So obviously I did my own research and came up with interesting ideas. Lottery would always remind me of all kinds of gambling games, except that it's really big time. Jackpot prizes go over the roof. Unfortunately, I've been hearing lately that although lottery sales have been breaking records, Powerball wins are getting quieter. The immensity of the jackpot prizes give people slimmer chances of winning. But of course, all high rolling lottery games follow this path.

The thing with buying and selling lottery is that most of it is dependent on the Federal Trade Commission's regulations. According to FTC, buying and selling lottery tickets through mail, telephone or the Internet are illegal. Oh, and did I mention about doing it offshore yet?

Some old colleague asked, "So what do I need to do if I want to sell lottery tickets online?" I would like to answer her, but I felt like stepping back and saying "Are you sure you really want to?" But if most of you are like her, first take a quick look at Insider Tricks to Successful Merchant Account Application to get a good idea of what going through a high risk business entails.

And now let's go back to the original question: So what do I need to do if I want to sell lottery tickets online?

Continued:

Lottery Merchant Accounts