Who We Are. All they want is to avoid the risk. We are experienced at handling merchant accounts for online tobacco companies, and are very familiar with online tobacco sales. That's where gaming merchant accounts come in - they are designed specifically for businesses operating in this niche. They offer online businesses a secure payment gateway, thus minimizing the risks associated with high-risk businesses. Gaming merchants should deal with. According to the Center for Disease Control (CDC) one-third of Americans are overweight. It all started with small breaches in several major companies including; Choicepoint, LinkedIn, TJ Max, Twitter, and the Adobe Systems. 4. Fantasy Sports is Considered a High-Risk Business While a fantasy merchant account is a necessity, many fantasy sports companies struggle to access payment processing. Amald. There are a few steps you can take to keep your gaming merchant account's chargeback ratio under 1%. Credit Card Processing Services. 3) Industry is considered low-risk, such as retail. Other factors that can lead being classified as “high risk”. 6. Towards the conclusion of the 20th Century, video games became a staple. We also look at. Websites with Money Prizes: VISA. A gaming merchant account is interpreted as a high-risk account for many reasons: The turnover rate at your business may be too high. Merchants can receive real-time alerts for all chargebacks lodged. Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving high risk business types. Radiant Pay is a leading provider of payment processing solutions for online gaming in London. com accounts is their high approval rates. You’re going to have to contact the bank or merchant account servicer that you had and find out what and why you have been placed on the list. Gambling clubs and Online gaming…The bank-to-bank transfers no chargeback payment platform was designed specifically for ecommerce businesses, particularly those classified as high risk merchants. Chargeback Alerts. Avoid Chargeback. 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. EMB’s competitive rates, flexible funding options, and range of payment processing solutions make partnering with us an easy choice. Gaming Industry Merchant Services. Step 1: A customer buys a product or service either online or in-store. Nov 6, 2017 | High Risk, Merchant Accounts | 0 comments. Moreover, a high amount of money is involved in the transactions. Fantasy Sports is Considered a High-Risk Business. If you do business in one of these industries, you need to prepare yourself for the “risks” that may come along. It happened to be that, this account has become viral since the online gaming merchantInstabill provides adult credit card processing solutions to both startups and existing businesses. High-risk businesses should anticipate having to pay higher costs for rates and fees associated with payment services. Nonetheless, we have a high endorsement rate for high risk merchants and offer. They typically offer online and in-person processing services. As a result, trust and customer loyalty improve and, in turn, brings. EMB has an A+ rating with the BBB and is voted the #1 high risk processor in the U. The merchant account for online gamers is a high-risk merchant account. 1. Common examples of high-risk businesses include: travel. The online eGaming and eSports industry is classified as higher-risk, making some businesses ineligible for merchant accounts at some sponsoring banks. 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. As one of the most popular high-risk payment processors in the world, Segpay leads the way in online gaming credit card processing. Not so. It is an option for high-risk merchants, like fantasy sports, tobacco, or online gaming niches. Chargeback Alerts. EMB specializes in all industries that are considered high risk. The high risk label of this type of businesses is partly associated with high chargeback rates. S. 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. In this day of high-speed communication and networking — credit card processing services have developed a high risk credit card processing program for just about every legal business. But you may have been thinking that what it has to do with a gaming merchant. Travel. What Makes a Gambling Merchant Account High-Risk? Most banks consider gambling “high risk. So, if you need end-to-end services for a travel, gaming, or online dating, warranties, or credit repair, for instance, then contact EMB. In time, they will likely become more. Bonus Abuse. 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. We offer point-of-sale systems and payment gateways that are fully integrated. Call us at (727) 873-0963. Apply Now for a High-Risk Merchant Account. Chargebacks And Disputes When customers file a. Gaming Industry Merchant Services. Doubtful bank statement. A simple, easy to find return or refund policy. i. Intangible product. Once a high-risk gaming industry merchant account is approved, payment processors set monthly processing limits, typically between $10,000 and $30,000 per month, for the first three-to-six-months. 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. These transactions tend to involve large sums of money, unfamiliar parties, or certain industries notorious for illicit activities such as online gambling, adult entertainment, and. Stax: Best for avoiding transaction fees. Extensive Banking Network. Our Social Gaming Merchant Account gives real-time authorization response and multi-currency. 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. It is a personalized payment gateway that is fast and secure and offers all the services. There are certain regulations in online gaming or gambling businesses. Despite its outset, it has grown by leaps and bounds into a multi-billion-dollar business. For starters, they provide a higher level of protection for businesses that require greater levels of payment security. Go high level is an all in one marketing platform to help entrepreneurs, marketers, and agencies grow their businesses. Table Games and Poker. The best small business merchant services accept all common credit cards, including Visa, Mastercard, and American Express. Consider the following services EMB offers: Merchant Accounts. This means traditional banks and the majority of processors will refuse to open a merchant account for your company. Again, adult entertainment account and payment processing rates fluctuate with season. 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. An online gaming merchant account is a customized merchant service that helps in online money collection. Whether you operate in industries like adult products, CBD, or online gaming, finding the best merchant account services that are reliable and secure is paramount to your success. Thanks to the power of online technology, online casinos have been able to prosper in recent years, giving casino business owners new opportunities to expand into the digital world and offer. After that, many things can happen. 2. If you’re interested in high risk payment processing, consider turning to EMB, the #1 high risk processor in the US. com we can help make setting up your online tobacco store easy with our credit card payment processing. The gambling industry has seen a boom over the past few years. In 2016, global e-retail sales accounted for 1. 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. This industry is highly regulated to protect players from major financial distress. 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. 2. This account is offered by an acquirer, a bank that is ready to work with a high-risk. Our system has reporting tools and channels to aid in-house solution. Every day brings new opportunities for merchants with a merchant account for online gaming. High-risk businesses are no strangers to the unique challenges posed by the ever-evolving e-commerce landscape. Social gaming merchant account solutions at 5 Star Processing. Online gambling is commonly known as gaming within the merchant services industry. According to grandviewresearch, the online gambling market size was quoted at USD 57. Unfortunately I've never heard of this company before and couldn't find anything online. Similar to most business services, the high-risk merchant account provider market is highly competitive. Learn about online gaming merchant accounts, top high risk payment processors, and expert tips to keep your igaming business running smoothly. Our banking partnerships and network enable the online casino merchants to set up service with offshore and high risk merchant. However, if you comply with the requirements and provide the correct documentation, the chances of having your gaming merchant account approved is extremely high. 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. Get started by applying for a Hungarian high risk merchant account today. Businesses in high-risk industries, such as online gaming, adult entertainment, and nutraceuticals, may have difficulty obtaining domestic merchant accounts. This is where online gaming merchant accounts come in. Today, we see millions of records being lost in single breaches (Target, Kickstarter, the Sands Casino, White Lodging, and Neiman Marcus. 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;. Unfortunately, fantasy gaming is an industry that is classified as ‘high risk’ by many banks and financial service providers. Before. New merchants seeking for High-Risk Industry prospects can get an online gaming merchant account and make millions in no time. Stricter terms. This includes CBD and Kratom businesses. Thankfully, there are specialized companies that cater to high-risk merchant accounts, perfectly suited for the gaming industry. picture identification. High risk merchant accounts play a vital role in the success of businesses in high risk industries. Setting up a merchant account can require a lot of time and tracking down and submitting various paperwork and documents. Online gambling is popularly known as gaming in the merchant service industry. Digital gaming is unquestionably on the list. What Instabill. Most payment processors and banks turn down high risk and high volume merchants that operate non-traditional businesses such as Health and Beauty, Adult , Gaming, Sports, Casino, Dating, Gambling, MLM, Nutra, CBD Oil etc. The type of business applying for a merchant account may determine the level of risk associated with that merchant account. Everyone needs tech support from time to time. Integration with popular e-commerce platforms and shopping carts. co offers a full compliment of online payment solutions for high-risk businesses. – Webcam and Live Video Streaming Sites. Online Gaming Merchant Account to Drive You Through the Efficient Gaming Payment Transactions. This means that they will usually decline to provide a merchant account to gaming businesses, and if they do, the rates they charge will be higher. However, to gain more clients having a bookkeeping merchant account allows clients to pay with their credit cards rather than having to take the time to write a check. You may use it for online. The GBO team will be happy to assist you to open bank accounts to your gambling company. The internet has caused an explosion of new media and online gaming. The industry is constantly. What sets high risk businesses. 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. You are your own boss and you can carry as few or as many clients as you want. By utilizing a third-party processor, the merchant is able. Rely on the Instabill team to get you a high. To locate the best possible provider for your business, you must perform sufficient research and locate the best possible service for your needs. Learn about the specific challenges of an online gaming merchant account and how to secure reliable payment processing capabilities. com offer high risk merchant account instant approval. This industry is highly regulated to protect players from major financial distress. It supports businesses of all sizes, offering both standard flat-rate and interchange plus pricing. Step 1: A customer buys a product or service either online or in-store. Click to continue reading gaming merchant account and high risk merchant account. These online merchants can have an extremely tough time finding a high-risk merchant account. Thus,. 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. Our team of experts have a strong reputation of providing industry-specific support for low-risk industries: Apparel. What is a High-Risk Merchant Account? An online gaming business merchant account is a good example of a high-risk account. Voted #1 high risk processor throughout the US, EMB offers unique payment processing services to its customers. FYI – GBO is a premier payment solution provider for online casinos. Even though merchants also enjoy the same benefits as households when they use credit cards, a good majority are still. S. Especially with the online gaming business, various small transactions get generated & often hit a higher percentage fee. E-Commerce high-risk merchant services are services provided by companies that specialize in high-risk eCommerce accounts. Dharma’s processing rate for high-risk businesses is interchange rate + 1. Let us get you set up today. Well, traditional merchant accounts often shy away from working with high-risk industries like online gambling or game development due to their perceived risks. A high-risk merchant account is one that has been classified. Merchants can receive real-time alerts for all chargebacks lodged when. High-risk merchant accounts provide this advantage by allowing you to trade globally and accept various currencies with fewer restrictions. Online gambling also is known as the gaming industry in the merchant account service industry. EMB has consistently proven to be THE BEST at what it does. Online Gaming Merchant Account is a high-risk account. Setup your Gateway Today! 1 2. In order to get and maintain good standing with your service provider, you must meet. Despite this overwhelming number, there is some encouragement in that this number has decreased by 3% from the 13. The Payment Experts. And when the players win the reward, the gaming merchant sends the money to the players from this gaming merchant account only. Those are required for the growth of your online business. Durango Merchant Services: Best For Offshore Merchants. Well, traditional merchant accounts often shy away from working with high-risk industries like online gambling or game development due to their perceived risks. Therefore, you need a high-risk merchant account for your high-risk business. They provide flexible pricing options, fraud prevention tools, and excellent customer support. 000 euros. Whenever a business exceeds a 2% chargeback ratio, credit card companies can fine the processor that provided the high-ticket merchant account. You’ll get approval for a casino and gaming merchant account in just 24 hours. 805. High chargeback ratios. Create an online gaming merchant account with us. High risk solutions. This is where you will log in to your control panel. Hardware: Quote-based. Depending on the type of gaming merchant services, one of these codes will be assigned to the merchant. Nonetheless, we have a high endorsement rate for high risk merchants and offer. Bail bondsmen need a high risk specialist to open their bail bond merchant accounts. 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. Online gambling is popularly known as gaming in the merchant service industry. sit in all of this? Despite being incredibly hesitant to embrace the. Online Gaming Merchant Account Services. When selecting a high-risk merchant account for your online gambling business, there are several key factors to consider: Industry Expertise. Our team of experts have a strong reputation of providing industry-specific support for low-risk industries: Apparel. An online gaming business merchant account is a good example of a high-risk account. Cryptocurrency Payments; Partner; Industries. Penny auction merchant accounts are considered high risk in large part thanks to the high chargeback rates that happen so frequently to penny. Traditional banking solutions are often unwilling to take on the risks associated with these industries, which is why specialized merchant accounts are necessary. 1-800-621-4893. People could always find things that are new and might be more interesting to them after a while. You’ll get approval for a casino and gaming merchant account in just 24 hours. Online Gaming Chargebacks. A competitive payment processing fee for a standard retail small-business account might be 2. ” This is related to the causes we list below. The process is easy, so you can focus on more important things. Retail. Contact. It often means tougher-than-usual terms and higher fees than low-risk accounts. Moving companies. 6% plus 10 cents, while the fee for a high-risk account might be 2. A business can be considered high risk for a number of reasons, including just being a new business without much traffic. You Need to Open a Business Bank Account and a Separate Merchant Account. High Risk Solutions Offered by the Online Gaming Merchant Account . Whether or not you’ve started your penny auction website already, the damage is done. 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. This has created a huge demand for weight loss solutions that include weight loss supplements, healthy foods and drinks, and more. 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. The online casino industry is well-known as online gaming in the merchant service industry. Thus, here are five instances that make an online gaming merchant account high risk: The card and cardholder are not present. This system immediately alerts merchants about disputes, giving them enough time to correct any misconceptions before a chargeback occurs. Scan this QR code to download the app now. Travel Merchant Accounts. 2) High chargeback ratio. For. With a reliable gaming merchant account, online companies can make the most of their business. Locate the account application form/page. Laws differ between countries and states regarding what is legal in iGaming, but they are difficult to enforce due to the nature of the online environment. Negative bank account. Depending on the needs of your online gaming merchant account provider, when creating an online gaming and casino merchant account, it is important that you have the following documents ready. Laws differ between countries and states regarding what is legal in. This can be damaging to any consumer, and merchants, as credit reports typically list any loan or credit card inquiry. fees. We provide the advanced merchant solution to high-risk businesses like online gaming. We have solutions for all sorts of gaming businesses, whether gambling, casino, social gaming, etc. Thus, some countries or states may choose to ban the entire industry. If you are a business that needs a high-risk merchant account, then contact eMerchantBroker. A competitive payment processing fee for a standard retail small-business account might be 2. It happened to be that, this account has become viral since the online gaming merchant has asked for the solution for payment p. It gives merchants a unique login with order tracking, sales management, inventory, and payments. Browse short-form content that's perfect for a quick read. Many wonder if Bitcoin is finished, or if it will rise from the ashes once again. Using the best high-risk credit card processing goes far beyond just the setup. The issue does not come with the search, but rather obtaining outside funding. Consider whether you need a multi-currency account, a high-risk merchant account, or specific features like an international payment gateway. net to use them as payment processor. Certain industries, such as online gaming,. A gaming merchant account is a bank account that lets you accept payments from customers using credit cards or debit cards. ePay Global have multifunctional processing system which can process over 200 currencies. The merchants are regarded as high-risk merchants by the acquiring bank. This will reflect a 37% growth all factors. EMB specializes in all industries that are considered high risk. The prevalence of credit card processing providers evaluates it as a high-risk industry because of. Payments Processors consider gambling merchant accounts to be high risk for a few reasons, including age restrictions, diverse global laws, high-volume turnover, higher-than-typical chargebacks, money laundering and fraud. Step 2: The customer’s card details are sent to the merchant account with details of the purchase. As soon as you’re approved, EMB can set up chargeback management tools and a payment gateway. Other Industries; Online Gaming & Casinos; Multilevel Marketing;. High risk solutions. Get in Touch. Online world due to the fact that they typically use recurring payment methods. Online gaming is on top of the competition these days, as just one online stream can earn you millions in. Majority of card processing providers consider it as high risk industry due to certain reasons. Why Gaming Merchant Account Is High-Risk Business. Banks won’t onboard any business category that poses a high financial and reputational risk. Most high-risk processing providers don’t disclose a standard rate for their clients, as they tend to tailor the price to the particular business. The bank then sends the information to the card issuer. Also included are some valuable tips to decrease the risk associated with the online payment process. 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. Features to look for when choosing a gambling merchant account High-risk services and pricing. 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. While it is a thriving industry, the companies are considered high risk due to the chance for legal action in. In the realm of commerce, certain businesses earn the label “high-risk” due to their susceptibility to chargebacks, fraud, and other challenges. An online gaming merchant account is a business account used to process payments of the customers/players. Receive fast approval and start utilizing your high-risk merchant account today. Find reliable solutions for your business needs. Emerchantbroker offers e-commerce high-risk merchant services that integrate easily with WooCommerce, BigCommerce, Shopify, QuickBooks, Shift4 Shop, etc. PayKings Provides Online Gaming Merchant Accounts. The pre-screening process occurs in the early stages when the PSP learns a little bit more about the new merchant. Fees and Costs: Understand the fee. 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. Now in the 21st Century, people play on their smartphones and the pay-to-play game has burst into existence. Discover how high risk payment processing can benefit your online gaming business with our comprehensive guide. Payline data plans cost $$20/month plus. Our rates are competitive and affordable. 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. Our payment solutions for face-to-face, online, and mobile transactions will help you exceed your goals. Though DHL’s e-commerce division closes on April 12, the delivery company plans to keeps its other package delivery hubs running in the country. But it is no longer enough for businesses to be internet savvy, they must also be. There… Actual games and tables monitoring; High Risk. The high risk label of this type of businesses is partly associated with high chargeback rates. jakethad Feb 20, 2007 9:36 AM Your High risk merchant source! Lowest rates guaranteed and fastest service. Hardware: Quote-based. A gaming merchant account is interpreted as a high-risk account for many reasons: The turnover rate at your business may be too high. 7 million Americans fell victim to identity fraud in 2014. High Approval Rates. Chargebacks – One of the main obstacles online gaming companies face when applying for a merchant account or payment service provider is chargebacks. Social gaming. With rapid innovation growth, specific niches have begun to thrive. Chargebacks occur when a customer disputes a transaction with their credit card company, leading to a refund. Connected. 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. Online world due to the fact that they typically use recurring payment methods. Credit card processing is a must for online businesses. 14 trillion by 2020. These industries are typically ones that have a higher-than-average rate of chargebacks, fraud, or other types of financial risk. Get the help you need to obtain a high-risk merchant account. We at MallFine specialize in providing hall legal bankcards and high risk merchant accounts and other payment processing. To prevent cheating, restrict those online gamers that surpass gaming limits at an online gaming website. More and more high-risk businesses are getting. Connected. Sell online. Our gateway partners like NMI and Authorize. Expertise: With years of experience in the industry, we know the ins and outs of high-risk businesses. Email Customer Service. EMB is recognized as one of the most experienced high risk providers in the industry. We specialize in approving high-risk merchant accounts, providing you with the necessary services to effectively operate your eCommerce business. Despite achieving unbelievable profits, weight loss supplement. Step 3: The card issuer sends the purchase information to the customer’s bank or the issuing bank to approve or deny. 95%. This article will help your tech support company secure the merchant account and payment gateway it needs to operate smoothly and safely. Best high-risk Merchant Accounts for online businesses . EMB offers merchants end-to-end services for all businesses, including high-risk businesses that offer nutraceuticals, gaming, telecom services, and more. 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. PayKings is leading the industry of payment processing, especially for high risk merchants. Higher fees: Due to the increased risk, banks and payment processors often charge higher fees for these accounts. A gaming merchant account is interpreted as a high-risk account for many reasons: The turnover rate at your business may be too high. It has several beneficial features that run to complete operations faster. Issuu Store. If your company doesn’t have a positive transaction history or it is too new to have developed one, you will encounter high charges from payment processing providers at best, but more. Based in Lindon, Utah, National Processing is a high risk merchant account provider that is capable of serving international gambling merchants. The reason is that these companies get much more chargebacks than others. Here, we will cover what makes a business high-risk and how a high-risk merchant account differs from a regular merchant account. Basically, it's just like a regular merchant service, but for the gaming. Best high risk merchant. High-risk merchant accounts typically charge higher fees and. 3% to 3. Where does the U. You can begin the process by just applying online now. Firstly, it is essential to choose a reputable payment processor with expertise in the high-risk industry. It can be a beneficial and essential step to take by gaming. Over the past few years, and especially during the pandemic (where folks had more time on their hands), the use of. – Sex Toys. High-risk. I recently got approved by Authorize. When the ratios remain high, processors have no choice but to terminate their high-risk merchant accounts. With EMB, you can enjoy top reliability, convenience, and ease of payment processing. Overdue payments and bills. Casinos have been around for many years, but the rise of the internet changed the game for gaming fans all over the world. 3. 4% for mid-risk transactions. On other side of that coin, standard banks do not underwrite these accounts. Obvious examples of high-risk merchants include those in industries like medical marijuana, on-line gambling, or telemarketing. In the last ten years, the gaming industry has grown a lot, and there are many ways to make money by selling popular games or other products. Published on May 22, 2023. Easily accept payments from players. The merchant account should also include a high. ChargeMoney is offering efficient and secure Travel Merchant Accounts tailored for businesses in the travel industry. Sell online or in person. Radiant Pay is the leading high risk payment processing, merchant account services and payments gateway solution provider in London UK. See full list on forbes. 38 billion between 2021 and 20226. Merchant Discount Rate (MDR) or commission rate. With the industry exceeding the expected growth the. An online gaming merchant account has tremendous potential for online gamings, sports, and other skill games to maximize their benefit and guaranteed growth for the business. 61 billion people worldwide purchased goods online in 2016. A high-risk merchant account is a label your payment processor has given your business. On the other hand, setting up an account with a payment aggregator usually requires very little paperwork. Animals and Pets Anime Art Cars and Motor Vehicles Crafts and DIY Culture, Race, and Ethnicity Ethics and Philosophy Fashion Food and Drink History Hobbies Law Learning and Education Military Movies Music Place Podcasts and Streamers Politics Programming Reading, Writing, and Literature Religion and Spirituality Science Tabletop Games. It has several beneficial features that run to complete operations faster. Adding secure bank transfers on your checkout page as an alternative payment method boosts profits by eliminating the risk of chargebacks. Easy Pay Direct specializes in high-risk industries and has experience working with gaming businesses . 1) Online payments where the purchase is made via the Internet and not at a physical store. The first concern is the business that provides the platform for the players, for this you need some important resources and their availability depends on your banks. The company’s products and services for gambling businesses include multiple currency support, offshore banking partners, an online payment gateway, shopping cart. Slideshow 11067011 by HighriskThe world of online gaming has witnessed an unprecedented surge in popularity, captivating a diverse global audience. A high-risk merchant account is an account that allows businesses to accept payments from customers who have a very high credit risk. As it is not too comfortable to get a merchant account for your online gaming business. Merchant Processing Advisors can help find a payment processor for your gaming business due to the fact that we specialize in high risk merchants and that we have partnership agreements with both. Sometimes people are happy with their small business. 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. 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. Below, we explore how a merchant account for online gambling and casinos differs from a regular merchant account and what makes online gambling high. 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. Knowing that is how things stand, it is best to not waste time seeking partnerships with standard, low-risk. The majority of online gambling sites are based offshore.