The majority of online gambling sites are based offshore. com Home; About Us; Categories. High-Risk Merchant Accounts face several unique challenges, including: 1. There are troves of benefits that come along with having. The merchant account for online gamers is a high-risk merchant account. Mobile gaming, social gaming, sports gaming and many other gaming. Find reliable solutions for your business needs. 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. 20. 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. And with lucrative benefits like large ticket processing. Because different payment processors refuse to participate in high-risk business merchants. 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. Features to look for in a high-risk adult merchant account include: The ability to accept all transaction types; Popular integrations for online shopping; POS through a 3rd party. A high-risk merchant account is one that has been classified. a tax id number. The tremendous popularity and easy accessibility of many gaming sites and apps increase the importance of merchant account for accepting international credit card payments. Alipay is a reliable high-risk merchant account provider that offers tailored payment processing solutions for businesses in various high-risk industries. Regulation is one reason a gaming operator is a high-risk merchant. In order to get and maintain good standing with your service provider, you must meet. What makes an Online Gaming Merchant Account? The online gambling industry has operated in legal limbo for years, though the grey area has become smaller. With billions of consumers now using the internet as the primary destination for shopping activities, you stand to gain a lot if you can successfully launch your business on the internet. Knowing that is how things stand, it is best to not waste time seeking partnerships with standard, low-risk. is the top service provider for merchants having. If you are handy with techie gear, or are just looking for a new business venture, tech support operations are a great investment. New merchants seeking for High-Risk Industry prospects can get an online gaming merchant account and make millions in no time. They offer online businesses a secure payment gateway, thus minimizing the risks associated with high-risk businesses. Online gaming merchant. Secure high-risk merchant accounts for online gaming and credit repair. Features to look for when choosing a gambling merchant account High-risk services and pricing. An online gaming merchant account is a customized merchant service that helps in online money collection. com offers for a High Risk UK Merchant Account. Despite this overwhelming number, there is some encouragement in that this number has decreased by 3% from the 13. Similar to most business services, the high-risk merchant account provider market is highly competitive. We specialize in approving high-risk merchant accounts, providing you with the necessary services to effectively operate your eCommerce business. With a high-risk merchant account from a gaming merchant, you may process online payments without the need for a bank or an electronic wallet. High-risk merchant accounts provide this advantage by allowing you to trade globally and accept various currencies with fewer restrictions. net, give you access to information regarding your new account. What Is A High Risk Merchant Account? Initially, when you apply for a merchant account, you will be required to submit both tax and business information as well as undergo a credit check. Common examples of high-risk businesses include: travel. With an easy to manage payment gateway, merchants will have no trouble with gateway integration or function. Nutra Merchant Account. Some common industries considered high risk include: Online gaming; Adult entertainment; Telemarketing; Travel; Timeshares; Nutraceuticals; High-ticket items; The Pros of a High-Risk Account. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online. Gaming Merchant Account Solutions for International Gaming Merchant. High risk online payment processing allows businesses in high risk industries, and those considered high risk for reasons other than their industry, to accept credit and debit card payments online from their customers. Why are online gambling, online gaming, and online casinos considered a high risk merchant account? What makes gambling or an online casino a high-risk business type is that the entire industry it’s heavily regulated in general. Thus,. Instabill’s high risk merchant accounts are established with offshore acquiring banks that are eager to work with dedicated, hard-working merchants. Why is Online Gambling Considered a High Risk Industry? A merchant account can be low or high risk, and gambling ventures fall into the second category. Here, we will cover what makes a business high-risk and how a high-risk merchant account differs from a regular merchant account. The online casino industry is well-known as online gaming in the merchant service industry. Gaming payment processing refers to the methods and systems used to handle transactions related to online gaming. 6% plus 10 cents, while the fee for a high-risk account might be 2. Instead,. There are many laws that prevent online gambling that businesses have to abide by. net’s gateway also stores repeat customer payment information and even gives the merchant the ability to provide recurring billing. Instead, companies that are specialists in managing high-risk merchant accounts are the right choice. Ultra-high-risk industries (like adult, firearms, and e-cigs) can even see higher rates. A payment processing platform may label you as high-risk for a variety of reasons. Fees and Costs: Understand the fee. 7995 is classified as a high-risk business. Welcome to BKW Servicing +1-866-259-7475 1054 Saint Andrews Boulevard, Charleston, SC 29407 sales@bkwservicing. It has several beneficial features that run to complete operations faster. Once approved, EMB can also set up chargeback management tools and a payment gateway, along with a fraud filter for online payments. Also to give the most successful transaction results. No set up fees for most merchants. Online Gaming Merchant Account Services. A simple, easy to find return or refund policy. Although the gaming industry may be considered high risk, you can still find a great credit card processing solution. Business Consulting is one of the many types of businesses classified as high risk. 14 trillion by 2020. Businesses in high-risk industries, such as online gaming, adult entertainment, and nutraceuticals, may have difficulty obtaining domestic merchant accounts. Casinos have been around for many years, but the rise of the internet changed the game for gaming fans all over the world. Online Casinos. Also included are some valuable tips to decrease the risk associated with the online payment process. Payment processing fees: 2% to 3. High-Risk International Merchant Account conducts your online business across the globe. One of the biggest mistakes that merchants make is deciding on a popular payment processor and then finding out they won’t work with any high-risk merchant. However, it is considered a high-risk business. Online gaming is a high-risk business, so the high-risk business merchant needs a high-risk gaming merchant account for safe and secure payment transactions. Even though merchants also enjoy the same benefits as households when they use credit cards, a good majority are still. In the recent years, alternative payment processors like emerchantbroker. Online gambling, adult entertainment, timeshare resale, and travel agencies are a few examples of high risk sectors that could be taken into account for high risk merchant accounts in Europe. Our full suite of electronic payment processing solutions ensures we can help virtually any merchant accept credit cards and checks electronically. We serve almost all industries, including those that sell high-risk goods and services. Traditional banking solutions are often unwilling to take on the risks associated with these industries, which is why specialized merchant accounts are necessary. High-risk merchant accounts offer a range of benefits to merchants who use Shopify as their platform of choice. Many PSPs consider the same merchant services for every business type. Some financial organizations can reject your business type for merchant. To process debit and credit card payments, these businesses require a specialized high-risk merchant account, acting as a protective shield against potential financial pitfalls. But it is no longer enough for businesses to be internet savvy, they must also be. High volume solutions: load balancing gateways and multiple MIDS. With our services, bank-to-bank transfers have never been easier. Our Social Gaming Merchant Account gives real-time authorization response and multi-currency. Table Games and Poker. Yes #offshore_merchant_accounts can offer significant benefits, But they also come with certain risks, We at PAYCLY Merchant Services have vast experience managing cross border #High_Risk_Payment. 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. Each type has its benefits and limitations and can be an important part of a chargeback management system. Friendly & Professional. The gaming business is considered to present a higher risk to the underwriter, therefore it is considered high risk. When the ratios remain high, processors have no choice but to terminate their high-risk merchant accounts. Before. According to the Center for Disease Control (CDC) one-third of Americans are overweight. A high-risk merchant account is a payment processing account for businesses considered high-risk by banks. 2. What is iGaming? In contrast, “iGaming” typically refers to online gambling offered through casinos. The High-Risk Gaming Industry. The majority of online gambling sites are based offshore. Today, we see millions of records being lost in single breaches (Target, Kickstarter, the Sands Casino, White Lodging, and Neiman Marcus. By offering alternative payment options, casinos can cater to the diverse preferences of their players and provide a seamless deposit and withdrawal experience. Offshore payment processors typically provide these high-risk merchant accounts in a foreign country. Moreover, doing business online has been made simple with. Due to the high-risk nature of the sector, opening merchant accounts at conventional payment gateway solutions is frequently more challenging for online gambling solutions like casinos. Our solid infrastructure allows us to take even greater payment processing risks. 2. 2. Gaming Industry Merchant Services. We are experienced at handling merchant accounts for online tobacco companies, and are very familiar with online tobacco sales. You do this by opening a merchant account. Internet gambling laws are murky in many regions and an increasing number of companies are registered offshore. Maybe thought that the implementation of EMV cards was the end of our fraudulent charge fears. EMB is voted the #1 high risk processor in the US and has an A+ rating with the BBB. Especially with the online gaming business, various small transactions get generated & often hit a higher percentage fee. Emerchantbroker offers e-commerce high-risk merchant services that integrate easily with WooCommerce, BigCommerce, Shopify, QuickBooks, Shift4 Shop, etc. The 21st century has been marked by the dramatic rise of online gaming and digital goods, transforming them into multi-billion dollar industries. The right card processor will be available to help you solve issues 24/7 through various channels. About Us; High Risk Merchant Accounts; Solutions. One of the reasons traditional banks are wary of taking on eGaming accounts is because of the issues involved with chargebacks. Digital gaming is claimed high-risk by most of acquiring banks for the following reasons: High volume turnover. 4% for mid-risk transactions. There is a lot of speed, convenience and security with the use of these plastics for transactions. Check out customers. Online Gaming Chargebacks. Getting a regular online gaming merchant account is a difficult task due to the refusal of banks to co-operate with gaming merchants. net, give you access to information regarding your new account. Bank-to-Bank Transfers. Being turned. Online Gaming & Casinos; Multilevel Marketing; Bad Credit Merchant Accounts; Moving & Transportation; TMF Merchants; Jet Charters; Educational & Seminars; Online Firearm Sales; Online Ticketing Sales; Debt Consolidators; Bail Bonds; Online Furniture Sales; Calling Cards; Travel & Timeshares; High-Ticket Accounts;. i. Dharma’s processing rate for high-risk businesses is interchange rate + 1. Luckily, PayMystic’s expanded network of banking relationships accepts the eGaming and eSports category and provides competitive rates, terms and conditions. Our gateway partners like NMI and Authorize. These are themselves financially risky activities for the customers, and a portion of such risk is always carried by the business that provides said. Majority of card processing providers consider it as high risk industry due to certain reasons. Bank transfers are the safest online. This allows high risk businesses to accept credit card transactions and other types of online. Especially considered to be video games played online all over the world. The Subscription boxes are regarded as at high risk in the merchant account. During the underwriting process, if anything in your application tips off the payment processor that you are a high risk merchant, one of two things will. What to Look for in a High-Risk Merchant Services Account. 3Ds & Non 3Ds Mids for Casino /Gaming Aug 17. Video gaming. Businesses in high-risk industries, such as online gaming, adult entertainment, and nutraceuticals, may have difficulty obtaining domestic merchant accounts. The valuation of active players also reached 2. This industry is highly regulated to protect players from major financial distress. 100% of all merchants recieve their merchant account. Our Social Gaming Merchant Account gives real-time authorization response and multi-currency. It is only via a high-risk merchant account that a merchant can process credit and debit card transactions online. You’ll get approval for a casino and gaming merchant account in just 24 hours. Several businesses may need a high-risk merchant account to process credit cards. Best high risk merchant. EMB offers many credit and debit processing options through various ways including: mail, retail, phone. E-gaming companies operating an online casino need a merchant account in order to accept payments from their players. 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. E-Gaming Merchant Accounts. The buyers of accounts are often people who are new to the game or not as advanced and are looking for an easy way to win. Our wide network of associates enables our merchant account experts to find you a personalized credit card processing solution. Pros. Fantasy Sports is Considered a High-Risk Business. The PayKings team has high risk merchant accounts for businesses with high risk payment processing volumes of $20,000-$100,000,000+ per month. Call us on (+44) 20 32862655 to get approvals, pre-approvals & expert advice. For the last two decades, internet marketing has been a profitable venture for tech savvy entrepreneurs. Many traditional, conservative banks and credit card processors are frightened of doing business with this high risk account because of the potential for chargebacks and credit card fraud. The two highest-risk accounts are online gaming and adult material. GENERAL INQUIRIES. The issue does not come with the search, but rather obtaining outside funding. Despite its outset, it has grown by leaps and bounds into a multi-billion-dollar business. Our high risk payment processing expertise can help your legal gaming business acquire merchant accounts and protect those accounts from excessive fraud using proprietary. It is a personalized payment gateway that is fast and secure and offers all the services. An online gaming merchant account is a customized merchant service that helps in online money collection. Stricter terms. We at MallFine specialize in providing hall legal bankcards and high risk merchant accounts and other payment processing. Online world due to the fact that they typically use recurring payment methods. Dharma’s monthly fee is $20 per month. started today! Our gateway will enable you to accept credit cards and local payment models in no time. Reputable payment processors like emerchantbroker. Similar to most business services, the high-risk merchant account provider market is highly competitive. The huge number of people are hooked on the internet everyday, and the business entrepreneurs are using the internet as a mode of making a vast customer base. Chargebacks occur when a customer calls their bank or credit card. We specialize in offering tailor-made gambling merchant accounts through our gambling payment gateway which is designed specifically to businesses within online gambling, online casinos, sports betting, and e-gaming. We’re offering an online gaming merchant account. These are important to look out for before giving green light to online gaming merchant accounts. To locate the best possible provider for your business, you must perform sufficient research and locate the best possible service for your needs. But with us, you won’t need to be troubled. Fees also vary by provider and in most cases, pricing is set individually for every merchant. Chargebacks – One of the main obstacles online gaming companies face when applying for a merchant account or payment service provider is chargebacks. High risk solutions. If your application is accepted, there will be set up or activation fees involved. fees. info@eskaypay. Gaming Merchant Account is the Best Solution for your Online Gaming Businesses May 24, 2023 What is High-risk Merchant Account, and How Does It Differ from a Regular One?Like other high-risk industries, online gaming is also prone to many security and financial fraud issues. The high risk label of this type of businesses is partly associated with high chargeback rates. Using the best high-risk credit card processing goes far beyond just the setup. Durango Merchant Services: Best For Offshore Merchants. With the help of a payment app on your smartphone or tablet, credit card readers. X. They are annoying to merchants, and most of the time their fees come without warning. A bail bond merchant account may be difficult to find. An online gambling account for merchants allows businesses to process digital payments online through a gambling payment gateway . Mobile App Based. The finest investment an online gaming business can make is to look for a high-risk merchant account that is reliable and trustworthy to process payments safely. One can be located almost anywhere in the world and obtain credit card processing services for a casino merchant account. Casinos have been around for many years, but the rise of the internet changed the game for gaming fans all over the world. Mobile Card Reader. Published Jan 18, 2023. Bonus abuse is a more basic scam closely linked to multiple account fraud. The Social Gaming Merchant Account industry is viewed as high risk due to its high average chargeback proportions (cordial extortion is uncontrolled), legitimate hazy situations (when gaming meets betting) and the inborn fraud risks of any 100%-online business. High Approval Rates. 1) Online payments where the purchase is made via the Internet and not at a physical store. Stax: Best for avoiding transaction fees. Welcome to BKW Servicing +1-866-259-7475 1054 Saint Andrews Boulevard, Charleston, SC 29407 sales@bkwservicing. Where does the U. Now in the 21st Century, people play on their smartphones and the pay-to-play game has burst into existence. These constraints pose difficulties to the ownership of a gaming merchant account. We help companies who need to acquire an online gaming merchant account and run a sustainable business. July 17, 2023. Bonus Abuse. Bitcoin was leading what many thought of as a digital currency. Rely on the Instabill team to get you a high. And with lucrative benefits like large ticket processing. To process credit card payments effectively and efficiently, businesses need to turn to Casino Merchant Service providers to obtain a casino and online gaming merchant account. The acquiring banks consider the casino industry as high-risk. EMB offers merchants in Hong Kong end-to-end services for all businesses, including high-risk businesses that offer nutraceuticals, gaming, travel services, or telecom services. Doubtful bank statement. and therefore banks are a bit leery to take on gun merchants. EMB’s competitive rates, flexible funding options, and range of payment processing solutions make partnering with us an easy choice. Services to high-risk business owners are comparatively expansive than low-risk businesses. Easy Pay Direct login gateway. 7 billion gamers worldwide. Avoid Chargeback. Hardware: Quote-based. This blog gives an example of how we set up a gaming merchant account service and the steps we took. Luckily, there are several high risk Merchants that need payment. 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. One of the most important goals of online gaming merchants is turning players into payers. Below is a list of the top 10 biggest high risk merchant account industries. Nov 6, 2017 | High Risk, Merchant Accounts | 0 comments. The reason for this is that many of the transactions that come from gamers have a higher chance of being fraudulent. High-Risk Merchant Accounts. With Go High Level you can easily capture new leads, build full-blown websites, and landing pages, drag & drop surveys and forms, plus online appointment setting. If you have all the documents and meet all the requirements, the next step is to file your application. Merchants can receive real-time alerts for all chargebacks lodged. While today, online gambling is very well regulated and organized, some financial entities still believe that certain threats exist. Our banking partnerships and network enable the online casino merchants to set up service with offshore and high risk merchant. Online gambling is popularly known as gaming in the merchant service industry. Our gateway partners like NMI and Authorize. Are you a business owner in a High- risk industry? If so, you may be wondering how you can secure payment processing services to keep your business running. A business can be considered high risk for a number of reasons, including just being a new business without much traffic. Amald. The company’s products and services for gambling businesses include multiple currency support, offshore banking partners, an online payment gateway, shopping cart integration, and fraud protection. Although, all the gaming merchants are considered as high-risk still all of them can qualify for a gaming merchant account. net to use them as payment processor. Online Gaming Payment Gateway One small downside to utilizing an online gaming payment gateway is the rate premium. 2) High chargeback ratio. The pros of a high-risk merchant account for Shopify. On other side of that coin, standard banks do not underwrite these accounts. Look for a processor that specializes in working with high risk merchants. The original risk factors are gaming and gambling. These types of merchants usually pay higher fees than average, but the benefits may outweigh the cost. But you may have been thinking that what it has to do with a gaming merchant. Our team of experts have a strong reputation of providing industry-specific support for low-risk industries: Apparel. Due to the added risk factor of high volume sales, potential chargeback and refunds involved, high risk businesses in the UK have certain demands that need to be met with. High-risk. Those are required for the growth of your online business. Cryptocurrency Payments; Partner; Industries. Online world due to the fact that they typically use recurring payment methods. Reasons to Choose Karma Payment Solution for Online Gaming Merchant Account. Since Square’s mission is to equip merchants with all the tools they need to efficiently run their businesses, it has opened up its platform to like-minded partners striving to help other businesses streamline their day to day operations. Step 3: The card issuer sends the purchase information to the customer’s bank or the issuing bank to approve or deny. While it may seem like chargebacks are inevitable, there are ways that can help you stop them before they affect your business. 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. All they want is to avoid the risk. com | High Risk Payment Gateway, High Risk Gateway. The gaming business, also known as online gambling, has over the years become a crucial part of a well-organized and profitable gambling industry. Who We Are. But. Integration with popular e-commerce platforms and shopping carts. Everyone needs tech support from time to time. Below is an inexhaustive list of each high-risk industry and its correlating merchant category code: High-Risk Industry (A-F) MCC. Again, adult entertainment account and payment processing rates fluctuate with season. It supports businesses of all sizes, offering both standard flat-rate and interchange plus pricing. You’ll need a website for your business and the. Generation X- ages 30 to 46- is thus far the generation that has the most amount of personal debt. That's where gaming merchant accounts come in - they are designed specifically for businesses operating in this niche. Payline data plans cost $$20/month plus. According to Statista, the global media and entertainment market is projected to grow to $2. These are just a few of the accounts EMB approves for fantasy. You’ll get approval for a casino and gaming merchant account in just 24 hours. The PayKings team has high risk merchant accounts for businesses with high risk payment processing volumes of $20,000-$100,000,000+ per month. Certain industries, such as online gaming,. EMB is also a reputable alternative online lender in the high risk field. Whether you want to enable recurring or stand-alone sales, we got you covered! The Social Gaming Merchant Account industry is viewed as high risk due to its high average chargeback proportions (cordial extortion is uncontrolled), legitimate hazy situations (when gaming meets betting) and the inborn fraud risks of any 100%-online business. Merchants trading in online gaming requires an online gaming merchant account. Credit card processing is a must for online businesses. A high-risk merchant account is a specialized payment processing solution designed for businesses operating in industries that are considered high-risk by payment processors and banks. A competitive payment processing fee for a standard retail small-business account might be 2. Hillcrest Dr. 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. 3) Industry is considered low-risk, such as retail. Payline Data provides merchant accounts with interchange-plus pricing. Merchants trading in online gaming requires an online gaming merchant account. If you have started a new business with cigarettes in. Social gaming. 1) Brick-and-mortar businesses where the credit card is physically presented. DHL only began delivering. An online high risk merchant account will help you to accept alternative payment methods, such as prepaid debit cards, e-check for high risk businesses, ACH, and crypto payments, which are not accepted by standard merchant account prpcessors. For e-gaming companies offering online casinos, poker, draws, bingo, lottery, skill games, crypto casinos and all other online gambling operations on the internet with a gaming license, there are two basic “must-have” financial services: A bank account. With Instabill’s online gaming. 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. Easy Pay Direct login gateway. According to grandviewresearch, the online gambling market size was quoted at USD 57. Account funding, stored-value card purchases, and prepaid loans (non-financial institution) 6540. If you're in the online gaming business, Double Helix Processing can help you get the right merchant account you need. Our merchant account experts will answer your questions and send you a free adult merchant account application. – Webcam and Live Video Streaming Sites. Visit the merchant account processor’s website. Step 1: A customer buys a product or service either online or in-store. Online Payments, A high-risk merchant account is a payment processing account for businesses with an increased risk of chargebacks. This high-risk payment gateway integrates with your website swiftly. 50% + $0. Online Gaming Merchant Account. Call us at (727) 873-0963. As a result, trust and customer loyalty improve and, in turn, brings. In online payment processing, some business are considered riskier than others. WebPays is a full-stack payment processor and offers numerous payment solutions, such as merchant accounts, high-risk merchant. You Need to Open a Business Bank Account and a Separate Merchant Account. As players immerse themselves in virtual worlds, the significance of a seamless…Online gaming is considered a high-risk business because they are more likely to experience online fraud, high chargebacks than other types of business. Easy to find contact information on the Website, receipt, and packing slips. Both the owners of painting businesses and independent painters may work with clients who would prefer paying them via credit cards. Almost every household owned some sort of console. If you think a merchant is selling any of these items, you need to take action before you get hit with fines and other penalties. A high-risk merchant account is one that has been classified by merchant account providers to be exposed to high levels of fraud which could result in high chargebacks. co offers a full compliment of online payment solutions for high-risk businesses. Online Gaming Merchant Account helps gaming merchants to receive online payments in a simpler and faster way. When a bank or financial institution rejects a merchant account application because the business is high risk, it is often due to a number of factors, including the industry, a history of bad credit or no credit, and a reputation for high volumes of chargebacks and refunds. Quickly send money to winners. One of the primary advantages of highriskpay. A new study by Experian shows that this generation has an average of $111,121 per person. World-class checkout. Let us get you set up today. This will allow you to continue doing business even in high-risk markets. We provide gaming businesses with local & international payment processing. If you do business in one of these industries, you need to prepare yourself for the “risks” that may come along. Sell across channels. Moreover, a high amount of money is involved in the transactions. Retail. Consider whether you need a multi-currency account, a high-risk merchant account, or specific features like an international payment gateway. As it is not too comfortable to get a merchant account for your online gaming business. S. Intangible product. This means that merchants in high-risk industries have a better chance of getting approved for an account. Extensive Banking Network. If you still have questions regarding what we can do for you, give us a call at 1-888-548-5649 so you can converse with one of our merchant account managers. This account is offered by an acquirer, a bank that is ready to work with a high-risk company. ChargeMoney is offering efficient and secure Travel Merchant Accounts tailored for businesses in the travel industry. [email protected] You're Approved GET STARTED NOW ! About Us;. Digital gaming is categorised as high-risk by most acquiring banks for the following reasons: High volume turnover. And when it comes to industries like online gaming, gambling, forex trading, IPTV, adult entertainment, tobacco, and other high-risk industries, the preference rises to 84% for cross-border businesses. Majority of card processing providers consider it as high risk industry due to certain reasons. In card-not-present transactions, merchants are liable for repaying cardholders. gaming merchant account. The best small business merchant services accept all common credit cards, including Visa, Mastercard, and American Express. Travel Merchant Accounts. Fast approvals in 24 – 48 hours. What is this? An online gaming merchant account is a customized merchant service that helps in online money collection. You can begin the process by just applying online now. Yet, these sectors are often labeled “high-risk” due to a variety of factors such as regulatory. Other factors that can lead being classified as “high risk”. Social gaming. Social gaming merchant account solutions at 5 Star Processing. Because different payment processors refuse to participate in high-risk business merchants. Hardware: Quote-based. This. When the customers subscribe to the digital television. 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 industry and already provides gaming merchant services. It can also take less time for your application to be processed, allowing you to start accepting payments. 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. An online gaming merchant account from a high-risk merchant account provider can give you a way to process online payments without a bank or an electronic. How much does a high-risk merchant account cost? Businesses with high-risk merchant accounts typically pay $100 per month on average. See full list on forbes. As it is not too comfortable to get a merchant account for your online gaming business. Contact. It has several beneficial features that run to complete operations faster. Whether you are a seller online or have a smoke shop somewhere across the country, your profits have gone through the roof. WebPays. Apply nowYour High risk merchant source! Lowest rates guaranteed and fastest service. Gaming businesses are starting to understand the benefits of finding a reliable high-risk payment processor, and the sector is poised for further expansion.