Online. QuadraPay brings to you high-risk IBANs, and SEPA accounts for gaming-related merchants. Payment processors that offer high-risk merchant accounts understand the unique challenges faced by high-risk merchants, such as an increased likelihood of chargebacks or fraud. )However, if you find that acquiring a high risk merchant account or using a dedicated payment gateway is not feasible for your business at this time due to various reasons such as cost or industry. Contact our team for more information about our gaming merchant account application and get started accepting gaming credit cards. Offshore high risk merchant account providers can be crucial for businesses that operate in industries with higher-than-average levels of risk, such as e-commerce, adult entertainment, and online gaming. Gaming Merchant Accounts. And it is a primary truth of the payment industry. Even if these merchants find a “high risk payment processor” they can still frequently deal with holds or freezes on their money and shut down merchant accounts . EMB’s competitive rates, flexible funding options, and range of payment processing solutions make partnering with us an easy choice. 5% - 5%. Similar to most business services, the high-risk merchant account provider market is highly competitive. For more than 20 years, PaynetSecure has provided merchant services to companies in the US and throughout the world. High-risk businesses typically operate in industries that are prone to chargebacks, fraud, and legal and regulatory complications, such as online gambling, adult entertainment, nutraceuticals, and e. Locate the account application form/page. Again, adult entertainment account and payment processing rates fluctuate with season. Online Gaming Merchant Account - HighRisk Gateways : u/highriskgateways What is this? An online gaming merchant account is a customized merchant service that helps in. High-risk industries are typically defined as businesses that are considered to pose a higher risk of chargebacks, fraud, or other types of financial losses to merchant services providers and processors. Traditional banking solutions are often unwilling to take on the risks associated with these industries, which is why specialized merchant accounts are necessary. International Access. Negative bank account. Firearms & ammo. We offer. Applying for “No-Credit-Check” Merchant Account: Step-by-Step Guide. In the end, Merchant Stronghold has the expertise, and experience in high-risk merchant account payment processing that can provide solutions to all of these sectors and more. Online Gaming Merchant Account is a specially customized merchant account for traders who are prone to high risk appetite. Durango Merchant Services: Best for highest-risk businesses. The core of that is that we understand your business model. Easy Pay Direct specializes in high-risk industries and has experience working with gaming businesses . On average, their credit card transactions. This will reflect a 37% growth all factors remaining constant. Not every online gaming platform can be considered high risk, as your area, the volume of your company and the risks it attracts make you a high risk brand. At EMB, we have made getting a fantasy merchant account quick and simple. Corepay: Best For Mail Order/Telephone Order Businesses. Increased. Step 2: The customer’s card details are sent to the merchant account with details of the purchase. As long as your chargeback rate is below 3%, emerchantbroker. EMB provides multiple payment options, including credit cards, eCheck processing, and. MOTO Merchant Account. With over a 95. Health supplements. They provide flexible pricing options, fraud prevention tools, and excellent customer support. Many factors go into making e-Gaming a high-risk industry including chargeback disputes, complex legal issues, international clientele, risk of gambling addiction, and money laundering. Banks won’t onboard any business category that poses a high financial and reputational risk. One of the primary advantages of highriskpay. Gun Friendly. Alipay. With an online gaming merchant account, your firm will. High-risk merchant payment processors both understand the unique problems that a Forex merchant can experience and are also likely to be experienced in processing applications for high-risk trading. Learn about online gaming merchant accounts, top high. High-Risk Merchant Accounts in Europe for Online Business. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online. Overall, the landscape of high risk eCommerce is undergoing constant changes all the time. Whether you need a single account or multiple, Easy Pay Direct can guide you through the process and help you secure the perfect account for your unique business. An online casino merchant account is a special type of account designed to cater to the payment processing needs of high-risk industries like online gambling and gaming. Point of Banking / CashlessATM. banks and financial service providers deny working with this industry. Online Gaming Payment Gateway One small downside to utilizing an online gaming payment gateway is the rate premium. Fraud Prevention: Choose processors equipped with. It involves the transfer of funds between players, gaming companies, and financial institutions to enable the purchase of in-game items, virtual currencies, or to fund player accounts. With the growing rate at which cyber crimes occur, locating a high-risk account provider that processes all transactions safely is vital. With a merchant account from Instabill, we offer live support Monday. Call PayPound at +44 800 832 1733 or email sales@paypound. Gaming Merchant Account From EMB. i. 1) Brick-and-mortar businesses where the credit card is physically presented. Create an online gaming merchant account with us. The merchant account provider will usually require a high-risk account to process these payments. Nonprofits. We offer affordable payment processing solutions for online gaming merchants to accept online payments through credit or debit cards. Chargeback protection. Higher chargeback fees for every chargeback. com can help you get your business the proper credit card processing account. High-risk merchant account let businesses avoid credit card processing fees. Whether you're in industries such as online gaming, adult entertainment, or CBD, we have the expertise and experience to cater to your specific needs. gaming merchant account. If your business is struggling with poor credit, you’ve likely been turned down for a merchant account by your standard, low-risk provider — but don’t worry. Though they flagged my business as high risk and outsourced me to one of their partners who offers high risk merchant accounts for businesses like mine. Related: A complete guide to choose the best high-risk merchant account. com offers. No matter you’re a new business or the owner of top adult websites, you can get a secure and low-cost adult merchant account if you turn to EMB. Payment Gateway for Adult Merchants. If your company is in need of a high risk merchant. EMB is voted the #1 high risk processor in the US and has an A+ rating with the BBB. Ultra-high-risk industries (like adult, firearms, and e-cigs) can even see higher rates. Support free trial. A Merchant Category Code (MCC) is a four-figure number used to categorize business entities according to the type of products or services the company offers. jakethad Feb 20, 2007 9:36 AM Your High risk merchant source! Lowest rates guaranteed and fastest service. The chosen high risk merchant account should be easily integrated with the business’s current account software and inventory management systems. Why Gaming Merchant Account Is High-Risk Business. Due to this reason, most of the acquiring. Therefore, you need a high-risk merchant account for your high-risk business. The 21st century has been marked by the dramatic rise of online gaming and digital goods, transforming them into multi-billion dollar industries. If you do happen to receive the high-risk classification, here are the likely consequences to keep in mind: Higher fees for every transaction. Gaming. The type of business applying for a merchant account may determine the level of risk associated with that merchant account. There are troves of benefits that come along with having. With more merchant account providers stepping in to remedy the lack of trustworthy and honest providers, high risk businesses. Authorize. Negative bank account. A high-risk merchant account is a type of account designed for businesses that have a higher risk of fraud or chargebacks than other businesses. What is a High-risk Merchant Account? Oct 11, 2023 The Complete Guide to Online Credit Card Payment Processing Sep 30, 2023. BankCard USA specializes in game-changing credit card processing solutions for merchants considered high risk. Step 1: A customer buys a product or service either online or in-store. Coaching & seminars. A competitive payment processing fee for a standard retail small-business account might be 2. Published on October 21, 2021 Updated on August 23, 2023A high-risk merchant account is a business account that is mainly designed for businesses that have an excessive risk of chargebacks, fraud, or legal compliance. Some examples of high risk merchant account providers include Durango Merchant Services, EMB, and High Risk Solutions. 1% for low-risk transactions. This account is offered by an acquirer, a bank that is ready to work with a high-risk. S. 4% for mid-risk transactions. Direct response. This feature combined with the real-time processing feature results in merchant services that. The underwriting process is complete and the business gets approved for the high risk merchant account. Company Registration. Restaurant. High-Risk International Merchant Account conducts your online business across the globe. Electronic cigarettes & vape. At EMB, our high-risk merchant accounts are our primary focus, and our team of professionals have years of experience in tailoring solutions to meet businesses’ unique needs and address their biggest challenges. High Risk Merchant Account; Contact Us. 2. Approvals typically take less than 3-5 days! High Risk Credit Card Processing. WebPays. Is Online Gaming Merchant Consider High-risk? Online gaming merchant is considered high-risk by most of the acquiring bank. On other side of that coin, standard banks do not underwrite these accounts. Getting rid of all scams and chargebacks is now easy with our services. Merchant Accounts for Curacao GamingA high-risk merchant account is a payment processing account for businesses considered high-risk by banks. Fantasy sports and online gaming: 7995: Financial investments and securities: 6211: Firearms and accessories: 4214: Foreign exchange and currency exchange: 6050:. Process payments safely and securely by adding a layer of protection to your transactions that will lower the risk of fraudulent transactions and save you money. High-risk businesses are rarely served by ordinary merchant account providers. Gaming Industry Merchant Services. banks and financial service providers deny working with this industry. With EMB, you can enjoy top reliability, convenience, and ease of payment processing. Select A High Risk Merchant Account If an account has been opened under false pretenses or the business model is deemed high risk after the fact, expect the account to be closed. The digital gaming industry has a high volume turnover. If you run a compliant gaming operation in a licensed territory then we will be able to help you with payment processing without question. This expands. Create an online gaming merchant account with us. 3) Travel Merchants. But companies like PaymentCloud can help you find competitive processing rates. Segpay Carat Online Gaming Merchant Account Services As one of the most popular high-risk payment processors in the world, Segpay leads the way in online gaming credit card processing. Merchant Discount Rate (MDR) or commission rate. Yet, these sectors are often labeled "high-risk" due to a variety of factors such as regulatory concerns, chargebacks, and fraudulent activities. Online gaming merchant account solutions here. Since the COVID-19 lockdown, interest in o. At WebPays, we deliver our payment services to high-risk businesses in the travel, crypto, adult, online gaming, online casinos, pharmaceuticals, and CBD industries to deliver the most increased. The more chargebacks that come with a business, the higher the risk. Tags: Articles Credit and Debit Card Payments EMB solutions high risk merchant account offshore merchant account Offshore Payment Processing. When a skill gaming merchant is tied to this code, it results in tighter geographical restrictions, lower conversion rates, and higher payment processing fees for Visa,. Hardware: Quote-based. 8% approval ratio. Healthcare. The almost real-time nature of these transactions makes it more difficult to catch fraudsters before it’s too late. High Risk Merchant Account Tobacco. Gaming payment processing typically involves a. Connecting with us will account for exemplary solutions for your business. Online Casinos. When the ratios remain high, processors have no choice but to terminate their high-risk merchant accounts. In addition, as a carrier of an A+ rating with the BBB and an A rating with Card Payment Options,. No one turned down. This year, the world’s two largest gaming regions, North America and Asia Pacific, are expected to account for 78% of global revenues. We are a reliable payment processor for enhancing your business. More importantly, Easy Pay Direct would love to play it’s part in helping you achieve your goals and service your consumers smoothly. Our tools have been designed with business owners in mind, and our goal is to assist growing high risk businesses to reach the next level of success. Traditional banking solutions are often unwilling to take on the risks associated with these industries, which is why specialized merchant accounts are necessary. A high-risk merchant account is a type of bank account designed for businesses considered high-risk by financial institutions. Chargeback Alerts. The first step on your path to a new merchant account is starting the Easy Pay Direct application or if you would rather chat with someone to find out more, call us at (800) 805-4949 *. There are tons of high-risk merchant services providers out there, so it’s. 9. A classic example of a high-risk online business is e-Gaming. About. Higher fees: Due to the increased risk, banks and payment processors often charge higher fees for these accounts. ccNetPay – Best for a simple pricing structure and EU transactions. Hardware: Quote-based. An online gaming merchant account is a business account used to process payments of the customers/players. All they want is to avoid the risk. High-risk merchant accounts typically charge higher fees and. This. The best investment that an online gaming company can make is to seek out a reputable and trustworthy high risk merchant account to securely process their payments. Here is an overview of the process to set up a merchant account for online gaming: Research and choose a payment processor : Look for a payment processor that specializes in online gaming and has experience in dealing with the industry’s specific. High risk merchant accounts charge fees that are consistent with the services they provide to high risk. Whether you need a single account or multiple, Easy Pay Direct can guide you through the process and help you secure the perfect account for your unique business. GetPayment is at the forefront of the industry when it comes to offering merchant accounts for casinos and online gaming. Online Gaming Merchant Account propose ideal payment solutions for gaming merchants As a growing and ever-growing. Contact us now by dialing 1 (727) 330-3944 to be approved for your business and merchant account . A high-risk merchant account is specifically designed to cater to businesses that are considered high risk by #payment_processors and banks. About; Agents; APPLY NOW; Sign Up with High Risk Solutions mediashrinx 2019-12-23T17:03:19+00:00. Our team of experts have a strong reputation of providing industry-specific support for low-risk industries: Apparel. What Is Gaming Merchant Account?A gaming merchant account is a type of payment processing service specifically designed to serve the needs of gaming businesses. Gaming Merchant Accounts. These accounts are ideal for businesses that offer online gaming services, such as casinos, sports betting, fantasy sports, and more. One determining factor of a high risk business is chargebacks, so high risk payment processors have a plan in place to protect the business from chargeback issues; Lower risk of account termination. High risk merchant accounts are designed to accommodate businesses that are financially unpredictable, prone to chargebacks or pose a certain degree of potential loss to merchant service providers and banks. ltd for a Gaming Merchant Account. Getting a gaming merchant account in Bulgaria can take a lot of work for the. When you have a designated bank account for your business, it speaks volumes about the seriousness of your business. However, if you find that acquiring a high risk merchant account or using a dedicated payment gateway is not feasible for your business at this time due to various reasons such as cost or industry. Data shows that global online gaming traffic alone is expected to climb from 126 petabytes in 2016 to 568 petabytes in 2020, proving people plan to keep the games going. National Processing. high risk merchant account (139) high risk payment gateway (44) high risk processing (72) Independent Software Vеndоrѕ (2) International Merchant Account (13. There is no cost to apply for a gambling merchant account, however, the minimum processing volume to apply for a gaming merchant account via Fast Offshore is 100. Even though online gambling has become a big and profitable part of the gambling industry, many banks and other financial institutions still stay away from it because of the high risk. Voted the #1 High Risk Merchant Account Services Provider in 2015, and 2016. This feature is essential for high-risk businesses, as it opens the doors to larger markets and diverse customer bases. A High-Risk Merchant Account needs a payment processing solution for the generation of revenue. The digital gaming businesses usually have a high volume of turnover. Traditional gateways won't touch risk. Especially considered to be video games played online all over the world. For example, ecommerce brands can expect to pay 4% per transaction while dating sites are looking at 6% and IT support 10%. A high risk merchant account is a type of bank account that allows a business to accept credit card payments, even if it operates in an industry that is considered to be high risk. com have become highly popular. Generally, a merchant account is to a payment processor already on the website or application. 4. Merchants that are commonly referred to as high risk include travel, gaming, multi-level marketing companies, direct marketing, collection agencies, online dating, web-based pharmacies, and other eCommerce businesses which accept credit cards over the telephone and online rather than in person. The phrase high-risk is a scary prefix for most business owners seeking a merchant account. We understand the unique challenges of your business and can provide you with the right merchant account that will meet all your needs. Due to specific regulations and restrictions in certain states, online gaming is often classified as a high-risk venture. All they want is to avoid the risk. Over the past few years, and especially during the pandemic (where folks had more time on their hands), the use of. Getting a regular online gaming merchant account is a difficult task due to the refusal of banks to co-operate with gaming merchants. Published Jan 18, 2023. We’re offering an online gaming merchant account. DigiPay’s expanded network of banking relationships processes payments for the. In 2016, global e-retail sales accounted for 1. High-risk businesses should anticipate having to pay higher costs for rates and fees associated with payment services. Payment service provider Content- Hi! My name is Martina. Customers provide their credit card info, and then the payment gateway passes the information between the selling business, the customer’s bank, and the seller’s bank, either approving or declining transactions along. ” This is related to the causes we list below. These transactions typically occur in industries with a history of chargebacks, fraud, legal complications, or regulatory challenges. Some of the high risk industries they have worked with include: tech support, gaming, e-cigarettes, adult entertainment, nutraceuticals, gambling, and airlines, among others. #1 PaymentCloud Strong Reputation For Fast Approvals. 17 King Edwards Road Ruislip, Level 2 College House, London, United Kingdom, HA4. July 17, 2023. If a company has high potential of chargebacks, or historically many chargebacks and refunds, the. In the realm of commerce, certain businesses earn the label “high-risk” due to their susceptibility to chargebacks, fraud, and other challenges. Who We Are. High risk offshore merchant account is best applicable for online business that operate in high risk online business like e-commerce, gaming, it, marketing, etc. 1. Click on the “account” buttons if you want to start filling out a free application. Affiliate Payment and Trading Services. Typical reasons for this label is that your account is considered to be at a higher risk of fraud, chargebacks, or a high number of returns. We’ll make. Search for a provider with extensive experience serving the online gambling industry. Industries that have higher than normal incidences for fraud and chargebacks, “legal gray areas”, age restrictions, and so forth are likely to hit a brick wall when it comes to securing a high-risk merchant account. A high-risk merchant account is a type of business account offered by a payment processor or a bank, designed specifically for businesses deemed “high-risk. How High Risk Merchants Can. This report came just days prior to the hack of eBay which put millions of account holders’ personal information at risk. Moreoer, it is a secure. High-risk payment gateways: Payment gateways are tools that facilitate credit card transactions. This gives processors time to develop a customer risk profile by evaluating payment flows, average ticket sizes, processing levels and chargeback. 06 trillion US dollars by 2020. Your social gaming merchant account may be able to accept payments in the world’s most popular currencies. This process will likely take the longest, and there is nothing to do but wait to hear about an approval or denial. In the industry of gaming, a merchant account is essential. Step 2: The customer’s card details are sent to the merchant account with details of the purchase. Dharma’s monthly fee is $20 per month. Go high level is an all in one marketing platform to help entrepreneurs, marketers, and agencies grow their businesses. Apply Now. ”. Cybersecurity is the practice of protecting computer systems, business accounts, networks, and sensitive information from unauthorized access, theft, damage,. You can attract players from all over the world, and accept payments in US dollars, British pounds, euros, and more. Here are just a few excellent high-risk merchant account providers to help you start your search off right: Focusing primarily on high-risk e-commerce businesses, eMerchantBroker claims they approve 99% of all account applications. Approval. As long as your chargeback rate is below 3%, emerchantbroker. Low-risk rates, as low as $99 per month and $. This includes CBD and Kratom businesses. iPad. ; The original risk factors are gaming and gambling. Following these steps will help you manage your merchant account well: 1. 05 per transaction; Maximize approval ratios based on your target customer base; High-risk rates as low as blended 2. The payment processor (usually a bank or private corporation) will give the ultimate and final approval of your merchant account. High-risk merchant accounts are set up specifically for businesses in higher-risk industries, such as adult services, firearms, e-cigarette products, online gaming, travel, certain online retailers, and more. A high risk merchant poses more of a financial risk to the processing company. A great adult payment solution has expertise in onboarding and maintaining accounts for your specific business model. It is a type of bank account applied for by a merchant for the purpose of facilitating the transfer of funds from a paying client’s credit card into the merchant’s bank account. It involves the transfer of funds between players, gaming companies, and financial institutions to enable the purchase of in-game items, virtual currencies, or to fund player accounts. According to industry experts, there is a strong correlation between a high rate of chargebacks and poor customers service. 3Ds & Non 3Ds Mids for Casino /Gaming Aug 17. PaynetSecure specializes in high volume & high risk merchant services. High-risk merchant accounts are for organizations with a history of chargebacks, fraud, or poor customer service. At Corepay, we proceed with caution when it comes to this industry. It gives merchants a unique login with order tracking, sales management, inventory, and payments. Unfortunately, fantasy gaming is an industry that is classified as ‘high risk’ by many banks and financial service providers. Restaurant. Apply Now. E-Gaming Merchant Accounts. A high-risk merchant account is a label your payment processor has given your business. Nutra Merchant Account. Consider the following services EMB offers: Merchant Accounts. But the reality is that these are the industries that make the most of the profits that run the economies of countries. Instant Approval. Moving companies. Payment Processing for Gaming Merchants Jun 29, 2023. Traditional gateways won't touch risk. For example, the type of industry, the industry's reputation, the place of your business, a higher chargeback ratio, higher return volume & higher chances of fraud, high ticket items, and bad credit scores are a few grounds to consider a business high-risk. In fa. What Makes a Gambling Merchant Account High-Risk? Most banks consider gambling “high risk. Merchant account providers tend to follow a “two-step process” that goes like this: The high-risk merchant account provider you choose will “initially” approve you for a merchant account. The players feel insecure for many reasons, but with the presence of well-equipped high-risk merchant accounts, it is simpler now to provide better safety to the players. Dating and escort services. Gun Friendly. Doubtful bank statement. Social gaming merchant account solutions at 5 Star Processing. Online gambling is commonly known as gaming within the merchant services industry. I am a top international payment processing service provider, such as- high risk payment gateway , high risk merchant account, offshore payment gateway in different different industry- Forex, Casino & i gaming, IPTV Payment gateway,Adult industry etc. Stricter terms. 95%; 24/7 customer service; Gambling/Gaming Merchant Account Regulations. Purchase your next favourite publicationEMB promises an open and honest application process, with as little as a 24-hour wait to be approved for a high risk merchant account. Because of the legality issues and the high chargeback ratio of many online casino and gaming platforms, these accounts are considered to be high risk. You can safeguard your payment processing via. Financial institutions and payment processors use. Click any of the links above to begin comparing costs on merchant account services for your own business's. Why Is Age Verification For Online Gaming Important? Some games may involve the risk of overspending,. High-Risk Merchant Accounts. com can help you get your business the proper credit card processing account. Examples of high-risk industries are businesses that deal in the. Solution: If you sell online, you must understand and utilize best practices to minimize fraud. According to a recent study, the online gaming market is projected to grow by $142. A high-risk merchant account offers subscription businesses global reach, access to a large network of acquiring banks, and the ability to accept payments in multiple currencies. 000 euros. How EMB Helps You Succeed Establishing a high risk merchant account and high risk payment gateway with EMB, you get the opportunity to enjoy fast and secure payment processing. Start Accepting Credit Cards in as little as 1 Business Day!Documents needed to open an online gaming merchant account. We can provide full merchant services for all your needs. Online High Risk Merchant Account for Gaming Business. comExpert Merchant Services For E-Commerce Businesses Payment Processing and Merchant Account Solutions. and has the following features: Don’t have a processing history; More than 2% charge back; Working with regulation where regulation is needed; Serving international customers. Gaming and interactive entertainment are considered high-risk businesses, which means service providers are frequently ineligible for merchant accounts at numerous sponsoring banks. In-Store. So, with a true high risk payment expert like EMB, you can enjoy unmatched merchant processing services, including a merchant account for drop shipping. 4% for mid-risk transactions. As previously mentioned, some common billing methods, such as continuity building, is risky. This is due to a higher than average volume of chargebacks, history of fraud, financial insecurity, and a bad credit rating, just to name a few. A payment processing platform may label you as high-risk for a variety of reasons. The first step in building a solid plan is to add a “comprehensive digital element” to existing, physical vetting methods. PaymentCloud: Best for software integrations. Luckily, there are several high risk. Low Credit Score, you are considered a high risk merchant if your credit score is low as there are possibilities that you find it hard to repay your negative balance. 50% + $0. One of the essential parts of the setup process is getting a high-risk merchant account for. Access 24/7 tech support for online gaming merchant accounts. One major risk is the potential for chargebacks. One problem the online gambling and casino industry faces is obtaining a merchant account, as acquirers are seldom willing to work with them, given the high-risk nature of their business. Our gateway partners like NMI and Authorize. Avoiding fraud. They offer online businesses a secure payment gateway, thus minimizing the risks associated with high-risk businesses. Processing limitations describe the highest sales volume that a payment processor will let a merchant process in a certain period of time, typically monthly or annually. The Benefits of High-Risk Merchant Accounts: 1. Figure out how many payment terminals. A High-Risk Merchant Account needs a payment processing solution for the generation of revenue. Today, high risk merchant accounts are classified as high risk due to several. Seek to analyze the merchant’s digital fingerprints and use more advanced cyberintelligence solutions and products. Authorize. Each type has its benefits and limitations and can be an important part of a chargeback management system. You are boosting your sales up to 70% higher. The gaming industry has high. Authorize. High-risk businesses are no strangers to the unique challenges posed by the ever-evolving e-commerce landscape. PaymentCloud: Best overall. This means that merchants in high-risk industries have a better chance of getting approved for an account. The customer contacts their bank or credit card company and requests that the transaction be reversed, which leads to the merchant’s account being charged back for the amount of the disputed transaction. Whenever a business exceeds a 2% chargeback ratio, credit card companies can fine the processor that provided the high-ticket merchant account. When someone needs help with funding online gaming accounts, Segpay gets the job done by delivering ultra-fast processing and unparalleled cybersecurity. When you accept credit card for online gaming business to be likely creating more sales for your online business website. The gaming business merchants proffer all kinds of gambling in the form of casinos, sports wagering, online poker, online bingo and. Nowadays many gaming business owners can expand their profits and generating more revenues opportunity by getting high-risk merchant account for credit card processing,. This pricing is very good in the high-risk processing world. The gaming business, also known as online gambling, has over the years become a crucial part of a well-organized and profitable gambling industry. they will also require an online casino and gaming merchant account to process payments for guests to be able to purchase. Gaming is an industry that banks have learned has high fraud and chargeback rates. Leap Payments Helps Overcome the Obstacles. For more information, please contact us at 800. Get. The vast majority of banks who are giving them a credit line consider this factor high. Gaming Merchant Account From EMB. Salons. To lessen the burden on our clients, we provide an easy and organized application process to help you get your gaming or casino merchant account in a matter of days. The reason is that they are termed “high-risk accounts. Online gambling is popularly known as gaming in the merchant service industry. So, why is this the case? With an online gaming credit card processing solution and merchant account from BankCard USA, you can bypass the app store and so much more: Process all forms of electronic payment, including all major credit/debit cards and ACH transfers. Contact a Leap. At Corepay, we proceed with caution when it comes to this industry. Merchants Will Need to Improve Fraud Management Strategies. As e-gaming operations are considered high risk they are often rejected by banks and instead owners have to work with a high risk payment processor that is familiar with the gaming. Adult payment processing is high-risk credit card processing so it comes with different fees and fee requirements which vary by service. Gaming is the definition of high risk and high return. It allows merchants to seamlessly accept a high volume of transactions (and large amounts) at a rapid pace. Step 3: The card issuer sends the purchase information to the customer’s bank or the issuing bank to approve or deny. This label is often due to the. Even if you exercise utmost caution before accepting a card, it’s still a perceived risk that can see you labeled a high risk account. When searching for a high-risk merchant account, processing limits are a crucial factor to take into account. There are many laws that prevent online gambling that businesses have to abide by.