Another crucial thing to consider is that not all financial institutions work with offline and online businesses specializing in casinos, betting, gambling, etc. Current legal and regulatory landscape. As long as your business has a monthly processing volume of at least $50,000 per month, we can help you get. As a high risk merchant account provider, oftentimes we receive inquiries from merchants who have been placed on MATCH, the Member Alert To Control High Risk Merchants file (also known as the Terminated Merchants File, or TMF). These merchants will open up merchant accounts under false pretenses, claiming to be engaged in low-risk sales activities, only to switch to their. Financial institutions and payment processors use. Games of chance and games of skill - Includes any activity with an entry fee and a prize, regardless of whether the outcome is determined by chance or. Those serious about acquiring gambling merchants need to take it seriously. A unique license is used to randomize the play, which leads to provably fair. ” Contact us today at (615) 476-0255 to sign up for a high-risk-merchant account. The purpose of this guide is to provide merchants and their back-office sales staff with accurate, up-to-date information to help merchants minimizing the risk of loss from fraud and chargebacks. At SeamlessChex, we provide solutions that help your business get back on track. Positive future business projections. To learn more, please visit our website or call us at (866) 987-1969. Gaming Transactions you must use a fraud and risk management product or service acceptable. Average transaction of $500 or more. Credit card companies (VISA, Mastercard, etc. The gambling and gaming sectors are classified as high-risk industries. Best overall: PaymentCloud. Segpay works with high-risk. Find Gambling Counselling in Victoria, British Columbia and get help from Victoria Gambling Therapists for Gambling in Victoria. Games of chance and games of skill - Includes any activity with an entry fee and a prize, regardless of whether the outcome is determined by chance or. Onboarding. This growth is expected to rise to a whopping $2. Hence, its functioning is a little bit different from the usual low-risk merchant accounts. This includes identification, investigation, and enforcement activities related to. Therefore, you will need a gambling merchant account with the right high-risk payment processor. : Best for low. With a focus on transforming the payment landscape, the company's innovative approach has propelled it into rapid growth, making it a game-changer in the industry. Internet businesses with offshore. 0 M+. SMB Global: Best for Ultra High-Risk Merchants. Meanwhile, eCommerce merchants may encounter termination until they verify their identity and address. High risk merchants, particularly those of the e-commerce sort, need to gear for another set of Visa Chargeback rule changes, effective April 15, 2018. As online gambling merchants are often categorized as “high risk” by default, a chargeback problem can quickly limit their options for affordably and reliably accepting credit card payments. Ongoing Support. Grandview Research projects that the Online gambling market will grow at a CAGR of 11. High Risk Merchant Account for Gaming Business. Your payment service providers will impose a fee when you use your merchant account, accept credit card payments, or agree to pay from your debit cards. Despite the high risk of online gambling merchant accounts, companies have a decent number of providers from which to choose. Description. A gaming merchant account is interpreted as a high-risk account for many reasons: The turnover rate at your business may be too high. Together, they are committed to providing cutting-edge payment solutions for player pay-in and pay-out across various sectors including Sportsbook, DFS, Skilled Gaming,. With the High Brand Risk Chargeback Monitoring Program, there are not a. This includes the emotional and mental impact of gambling, such as addiction, anxiety, and depression. services (often. Most acquiring banks view gambling as a high-risk sector, making it extremely difficult to establish an online gaming merchant account and payment gateway. Banks and payment processors. (IP) Violations Illegal or Miscoded Gambling Online Sale of Tobacco Products Rogue Cyberlocker Merchants Prohibited Adult Content 4. 1. C. Psychological Risk: In addition to financial risk, online gaming also comes with a certain level of psychological risk. 7995 – Betting, including Lottery Tickets, Casino Gaming Chips, Off-Track Betting, Wagers at Race Tracks and games of chance to win prizes of monetary value. Supreme Court, that will allow intrastate sports betting in the U. Historically, merchants in high-risk categories have had few options for payments. National Processing. In response, researchers and operators have worked with big data to develop risk-identification models to identify indicators of problem. Risk management in gambling can prevent unbudgeted expenses and the loss of reputation, fight against cyber-attacks and money laundering. Last updated or reviewed on June 21, 2023. Internationally. High-risk merchants are generally more susceptible to fraud, insolvency or other liabilities, or connected to an. 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, Mastercard, and other leading credit card companies. Not all merchants are created equal. Venmo. For over 20 years, we have been helping merchants with high-risk merchants and businesses, niche businesses and emerging business types get set up with innovative payment processing solutions. November 14, 2021. High-risk merchant services are costly, but operators get reliable products that cater to an array of online payment needs. The following additional terms and conditions apply to you where you are a gambling or gaming sector merchant. Merchants may be rejected based on the nature of bookings. The two most common ways to pay for ending merchant accounts are a flat fee or liquidated damages. 5 steps to managing high-risk gambling merchants. This recognition has led to demands for public health strategies at the local, national, and international levels. Think of the MATCH list. Most of the eCommerce websites have a merchant account to take care of the payments which are processed through. This blog post will explore some of the options available to high-risk. 20. We Provide Offshore International French European 3D Secure Merchant Account Services, High Risk, Hi Limit, No Cap, Gambling, Offshore and ACH Merchant Accounts Verified By Visa and Mastercard. Encryption Support Organizations (ESO) Performs cryptographic key management services to support clients' ATM programs or to deploy Merchant Category Code. This report is based on a survey of MRC and non-MRC merchants from around the globe, who were asked about their eCommerce fraud. 20. The changes are going to force merchants, particularly those in high risk industries, to re-think their chargeback strategies. Gambling and fantasy sports fall under this umbrella. Low risk. eMerchant Authority is the leader in payment processing for high-risk merchants. Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving high risk business types. With EMB’s merchant accounts, clients realize many advantages such as increased savings and award. It is a landmark decision by the U. You should also explore a casino payment gateway. Authorize. With the strengths in placing high-risk businesses, this PaymentCloud brought the high-risk merchants a lot of benefits such as a network of third-party processors. Gambling was so rampant that when newspapers published names of prominent people who were seriously ill, bets were placed at Lloyd's on the anticipated dates of their death. Worldpay already provides high-risk merchant accounts to over 150 gambling businesses, including big names such as William Hill, bet365, and Ladbrokes. (EMB), specialized in. states that allow such: New Jersey, Nevada and Delaware. Financial institutions typically screen merchants through the MATCH list to verify whether they have a history of poor business activities or have ever had their ability to process. eMerchant Authority’s Online Gaming Merchant Options. Best for online CBD and high approval rate: eMerchantBroker. Conversely, low-risk merchant accounts. Durango: Best for International Businesses. As a high-risk merchant, having a backup merchant account will allow you to avoid bottlenecks and potential business closure should Stripe freeze your account. By 2023, the average cost of a single chargeback is expected to be $190, based on a $90 average transaction value. GOVERNMENT LICENSED CASINOS ONLINE GAMBLING: 7802: GOVERNMENT LICENSED HORSE/DOG RACING: 7833: EXPRESS PAYMENT SERVICES - MOTION PICTURE. A gambling merchant account is a credit card processing account for online gambling businesses. 000 euros. 2 Merchant Risk 10 Questionable or Unsound Business Practices High-Brand Risk Merchants Sellers Involved in Fraud or Illicit Activity 4. EPIC Risk Management is a problem gambling awareness and harm minimization organization in the UK and the US. It authorizes you to take the amount in various currencies and payment modes. Risk management in sports betting involves the creation and implementation of processes and contingency plans that ensure the stability and profitability of sports betting operations. 6. For information on our high risk merchant accounts, call us toll-free at 1-800-318-2713 or contact us online today. Factors which increase an account’s risk. High-risk sectors often have to deal with strict regulations and laws. Health and wellness products. There are several criteria to determine the risk level of a business: high transaction volume, international payment (geographic location. We are a financial advisor delivering high-risk payment gateway solutions to businesses labeled as high-risk such as online gaming, tobacco, adult services, etc. The gaming business, also known as online gambling, has over the years become a crucial part of a well-organized and profitable gambling industry. This is why gambling merchants should focus anti-fraud efforts on mobile devices. Acquiring online gambling. This includes a failure to have a customer interaction policy in place until 2015, and no specific provision for VIP or high-value customers in place until 2017. Whether you're struggling to accept payments on your adult ,sex shop, casino, tobacco, SaaS, membership, dropshipping ecommerce,IT tech support,crypto exchange, p2p crypto trading,gambling, forex, or trading website, or you've been banned by Paypal,Stripe,Shopify Payments or other providers due to high sales volumes or high. Online gambling; Jewellery; Legal services; If you’re a merchant operating in one of the above industries, chances are high you’ll need to secure the services of a merchant account that specialises in catering to risky businesses. Medium-risk merchants should invest in robust fraud prevention tools and employ strategies like customer authentication and proactive chargeback management. EMB offers merchant account services with low fees, increased savings, and 24/7 customer support. Traditional banking solutions aren’t willing to take the risk. The gaming and gambling industry is considered a high-risk sector for money laundering due to the high volume of financial transactions involved and the potential for anonymity and lack of transparency. You need to have a way of accepting credit card payments in real-time from your customers all over the world. ” Several additional factors go into determining whether a business is a high risk, including the business’s industry, its history of chargebacks, and its average transaction amounts. PayKings (Merchant Payments Acceptance Corp LLC) is your powerful partner in global transaction Low, Medium, and High Risk Merchant Accounts processing. International accounts for online casinos, sportsbooks and skill games Online gambling merchant accounts are a great way for online casinos, sportsbooks and games of skill to maximize. Gaming Industry Merchant Services. It is vital to make sure all other aspects of your business are beyond reproach. PaymentCloud: Best overall. However, SumUp does allow lottery kiosks/clubs as an exception. Similarly, businesses in the high risk industries should look for merchant accounts that have a flawless reputation. It aims to make merchant risk management efficient and beneficial to any industry. We run through the major UK high street banks and outline what services they provide to their at-risk customers. For the approval of a high-risk. Host Merchant Services: Best for large high-risk businesses. Other risks include fraud and reputational risk. With a primary emphasis on serving the Indian market, Cricpayz has been a cornerstone in providing seamless payment solutions for local systems such as IMPS, UPI, NEFT, and RTGS. $20,000 or more in monthly transactions. Permit you to conduct business in both regulated and unregulated sectors. Provision and disclosure of Data and information 7. Authorize. By helping with transaction management and fighting online fraud, merchants can reduce the time and money spent on these problems. Banks have outsourced the high-cost customer and merchant acquisition to payment service providers and facilitators, who do not have the same degree of risk management and monitoring capabilities d. An acquirer makes money by offering merchant accounts to businesses, allowing them to accept credit cards. These businesses often operate in industries associated with high chargeback rates, potential fraud, and legal or regulatory issues. A high-risk merchant account is a business account or merchant account that allows the business to accept online payments though they are considered to be of high risk nature by the banks and credit card processors. Our innovative SaaS solution empowers your business to efficiently manage your merchant applications and enhance your operations that drive growth. An offshore merchant bank account is one established for eCommerce companies in a non-resident country. It also pays to ensure the merchants are. [noun]/hī • risk • biz • nəs/. All businesses need merchant accounts in order to accept credit and debit card transactions. Show Summary. Insurers – beware. Here are the major differences between low risk and high risk merchant accounts. The criteria used to classify merchants are usually the industry type and the history of disputes and chargebacks. The hardest part for online casinos is obtaining online gambling merchant accounts for credit card processing. Skill gaming merchants should aim to secure an MCC7994 code. This allows payment processors to take on risk but have a mechanism in place to prevent financial loss. Finance and Accounting Simplify accounting and reporting. Losing money you’ve earned shouldn’t be the cost of doing business. Each payment processor has specific criteria known as a credit policy, which dictates what types of business industries they are allowed to support. #1 PaymentCloud Strong Reputation For Fast Approvals. Top High Risk Merchant Industries Here are the top 15 biggest high risk merchants that need payment processing. Experience a secure and seamless gambling payment processing solution with PayFasto’s gambling merchant account. If you’re having a hard time finding a merchant account provider, then United Banc Card of TN is the business for you. If a merchant operates in an industry with historically high rates of fraud or customer disputes, or if the products or services they sell are subject to extended time limits for filing chargebacks, they're likely to be categorized as high risk. Beyond industry risks, this industry sees higher levels of fraud and. Subscription “negative option” merchants (card-absent) MCC 5993. The company may be ethical and financially strong but is considered ‘high risk’ simply due to the industry’s track record. In these additional terms regarding Gaming and Gambling Services, the following capitalised terms. 54 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11. In the simplest of words, a high risk merchant account is an account that is used for payment processing by businesses that are considered to be high risk by banks. Payment industry professionals that represented organizations such as, the US Food and Drug Administration (FDA), National Association of Boards of. Your Complete Guide to Managed-Risk Merchant Services | National Merchants Call us Toll Free (866) 509-7199 Accessibility Click here for Accessibility adjustments. 1. A high-risk merchant account is allocated if it is believed the business is at a higher risk of fraud and chargebacks. These fees are quite high compared to some other providers, but you can be approved for your merchant account in around 48 hours. A high-risk business is considered likely to fail financially by card processors and banks. High Risk Merchant Account LLC 915 Folly Road, Suite 49, Charleston SC 29412. 1. High risk transaction fees for EU or UK businesses start from 2. Its dedicated gambling team will work with you to help increase player conversion rates, while tailoring a risk screening process to the unique needs of your business . Also, if you do business in the EU. An online gambling merchant account is specifically used for vendors that operate in the high-risk industry of gambling. An online gambling account for merchants allows businesses to process digital payments online through a gambling payment gateway . Get a secure payment processing solution in as little as 24 hours. Solutions For High Risk Gambling Merchants. Thus, a gambling merchant account is a type of account that provides merchants services specifically to companies within the said industry. Reacting against such practices, 79 merchant underwriters broke away in 1769, and 2 years later formed a "New Lloyd's Coffee House" that became know as the. High. 4. PayKings is leading the industry of payment processing, especially for high risk merchants. With an online gambling merchant account, online gambling and casino merchants can accept payments from customers in a variety of currencies and payment methods, including credit cards, debit cards, and e-wallets. A subsidiary of Visa, Authorize. , online casinos, sportsbooks, and lottery providers). 5% from 2020 to 2027. Derivatives merchants – watch out for opportunities. 7273 – Dating Services. Some degree of friction in the customer experience is necessary to deter online gaming fraud. With an emphasis on personal attention and customized solutions for “bricks-and-clicks” companies (i. Step 1: Call or Email us and speak with one of out experienced Merchant Advisors. Each merchant service provider received a rating based on over 50 data points. 5% for high-risk merchants. 4. When you begin your payment processing with us,. Average transaction of less than $500. High-risk merchants generally operate in areas with a high risk of chargebacks and legal attention, such as online gaming, the adult industry, travel services, debt collection, medicines, gambling,. Ongoing support & risk management every day through Whatsapp, Telegram & Skype. For them, monitoring isn’t an option but a legal obligation. Those serious about acquiring gambling merchants need to take it seriously. Part of the Problem. If your business fits into any of these categories, you’re primed to start working with Dharma. August 6, 2021. This designation may. See full list on nationalmerchants. Get your high risk merchant account approved directly with principal member of Visa/Mastercard. Particular features that make this form of speculation unique include its 24-hour availability, long-form nature, the extreme volatility of outcomes, and the strong influence of sentiment and social influence. Request Demo Discover Now. SCCG Management, a recognized leader with over 30+ years of expertise in the gambling industry, has announced a strategic partnership with Signature Payments. 2. These fees are quite high compared to some other providers, but you can be approved for your merchant account in around 48 hours. ; 1 The Merchant of Venice is one of Shakespeare’s plays in which gambling features most prominently. S. Higher set-up fees: High risk comes at a price and the price is that you pay more in setup fees. We will require additional documentation prior to onboarding. 75%, and you’ll also pay around €950 in annual bank fees, a setup fee of €100, and a monthly fee of €20. Obtaining a payment gateway is never easy. At Axcess, we provide tailored merchant services which meet the exacting requirements of online gambling companies. Bogus “gadget” websites are putting merchant acquirers at risk for card network fines and assessments. Thanks in no small part to the. Because the online gambling industry must constantly keep up with changing market trends, being able to rapidly innovate should be a key goal for online gambling merchants. It provides a secure bridge for your #gambling_platform to #. We also look at. The main difference between online gambling and casino businesses and other businesses such as brick-and-mortar retail stores is how risky these businesses are to acquirers. This symbol indicates that your products or services offering is restricted. Best merchant services in 2023. ; 1 The Merchant of Venice is one of Shakespeare’s plays in which gambling features most prominently. The gaming business merchants are called high risk merchant accounts because of the following reasons: The gaming business has a high volume turnover which is. : Best for global payment processing. 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. Our process is simple so you can focus on your business. They then monitor those businesses via a four-digit Merchant Category Code (MCC). Good chargeback management and anti-fraud systems – If your business is considered high-risk, chargebacks will be one of the main concerns that acquiring banks and card processors will have. Receiving a high-risk MCC leads to higher fees and limitations on merchant accounts. Paydoo: It supports merchants in cryptocurrency, travel and hospitality, forex, binary, gaming, ecommerce, and most other high-risk ventures. Merchant Category Code. High Risk Merchant Accounts are usually considered high risk due to the business or industry type or being located outside of the 50 United States. 0 M+. It is not about rolling the dice. Those serious about acquiring gambling merchants need to take it seriously. EMB also helps many high-risk and new merchants who were rejected by other processors. Ongoing Support. High-Integrity Risk Merchant Tier. R. CCBill. A merchant account is a contract between a company and a financial institution that allows the company to accept. The global gambling market is worth billions of dollars, and with the rise of online gambling, the industry has become even more vulnerable to. io's Merchant Application Management Software as a Service (SaaS) to optimize and simplify your business operations. Acquirers and PSPs should regularly compare merchants’ current behaviors with their initial expectations during the onboarding stage to ensure they still align. At Trustly, we're proud to partner with such a holistic platform and together drive innovations in the payments industry. That MCC regulates video game establishments and. Who We Are. There will always be some level. Higher transaction fees: Transaction fees for high risk merchant accounts are not cheap. The proliferation of gambling opportunities worldwide, including continuous online gambling, has generated concern over how to protect individuals and families from harm caused by excessive spending. If your business sells expensive, high-ticket items, you are most likely in the high-risk category. They look at many factors, including the ticket size of a typical sales transaction. Durango Merchant Services is one of the oldest and best high-risk merchant service providers. What is a high-risk merchant account? A high-risk account is a specialized banking solution for businesses operating in industries deemed high-risk due to legal, financial, or regulatory complexities. Application. But as mentioned, online gambling companies and other business entities like eCommerce, subscription-based services, forex, and exchanges also fall under the high-risk category. As discussed in the previous section of this guide, using a third-party payment processor instead of an aggregator offers a range of benefits, including cheaper high-risk. . The following additional terms and conditions apply to you where you are a gambling or gaming sector merchant. It allows merchants to accept and process payments in foreign currencies, typically through online transactions. 75%, and you’ll also pay around €950 in annual bank fees, a setup fee of €100, and a monthly fee of €20. Many companies consider this to be having a merchant account. A payment gateway for online gambling is the bridge that connects your gambling/casino website to your online casino merchant account. Normalization is a long-term process, including sub-processes of cultural and legal legitimization. advocate and industry-leading provider of managed-risk merchant A business that accepts credit cards for goods or services. In the United Kingdom, it is roughly 3. Lottery, betting and gambling. High-integrity Risk Financial Trading Platforms (card-absent) MCC 5966. National ACH specializes in offering high-risk merchant accounts to process ACH, e-checks, debit cards, and credit cards. Get expert assistance from LicensingAid. When problem gamblers bet using credit cards, they might also be gambling that a “win” will enable them to pay off credit card balances at the end of the month. This allows payment processors to take on risk but have a mechanism in place to prevent financial loss. Banks and financial institutions perceive these industries as having a higher probability of chargebacks and. Last updated: May 2023. Processes less than $20,000 monthly. When your business has been labeled a high-risk merchant account, you will almost always pay higher. In order to stay ahead of the curve, sports betting operators need to balance managing risk with providing an optimal player experience. By now, you probably know your business is classified as high-risk. This classification is due to the higher incidence of chargebacks, regulatory complexities, the global nature of. The company has a positive reputation for transparent customer service and reliable support. The overall gambling industry is predicted to balloon to $525 billion in revenues by 2023. Moreover, PaySpacelv has highly effective technical service. how businesses have managed customers’ accounts. The high-risk designation can make it difficult for large and small business owners, startups and service providers to find a way to accept customer payments. Businesses that are considered high-risk by banks and payment gateways have to pay a higher processing fee. We help companies who need to acquire an online gaming merchant account and run a sustainable business. What a high risk merchant processor underwriter looks for is the volume of unpaid chargebacks, any irregularities in business patterns that suggest funds aren’t legally managed properly, and how much exposure there would be to regulatory fines from the government or card brands. Whether you're struggling to accept payments on your adult ,sex shop, casino, tobacco, SaaS, membership, dropshipping ecommerce,IT tech support,crypto exchange, p2p crypto trading,gambling, forex, or trading website, or you've been banned by Paypal,Stripe,Shopify Payments or other providers due to high sales volumes or high. Self-exclusion fraud: offering players the opportunity to mark themselves as problem gamblers is a legal requirement. The current situation puts online betting shops in a difficult position. The risk is raised on gambling, gaming and fantasy sports businesses because the merchant account provider takes on the potential risk of paying any refunds, fees, or fines merchants are unable to pay due to going bankrupt or getting forced into closing. Often considered high risk due to market perception and chargeback rates, it is important to work with the right merchant services provider. List of High-Risk MCC Codes. We find many merchants are surprised to learn they are considered high risk. Whitepages Pro and GiG examine fraud prevention for the online gambling industry, providing practical examples and four key steps to success for fraud proofing an online gambling organisation. Firearms Merchant Accounts. 1k) every month, while earning only €2k ($2. PayKings Provides Online Gaming Merchant Accounts. The overall online gambling industry is predicted to balloon to $525 billion in revenues by 2023. It will typically allow payments to be made via credit and debit card. You might get a rate of about 0. Returns: If your business tends to give out refunds frequently, payments companies may assume that you, the merchant, are doing. 3. We also do eu or euro web hosting and new business merchant account start up credit card processing and internet sales for pharmacies. The definition of “high-risk” is that there might be loss of money, chances of money laundering, users’ data theft, etc. PaymentCloud, based in Woodland Hills, California, is one of the best merchant service providers you can rely on. Like almost all high-risk providers, Durango uses a quote-based pricing system and doesn’t disclose fees or rates on its website. Additionally, you will receive a detailed fee schedule for all your transactions. PaymentCloud — Best for businesses looking for completely customized payment packages, fraud prevention tools, advanced payment gateways, and merchant funding. In simple terms, high-risk businesses are merchants who are perceived to be at a greater risk of financial. Online gambling websites must obtain a reliable credit card processing solution for their business to thrive. We provide assistance with locating merchant accounts at top European banks. clothes, shoes, kitchenware, food. With an increasing rise in the popularity of online gambling, you may be considering opening a business of your own in the industry. We also do eu or euro web hosting and new business merchant account start up credit card processing and internet sales for pharmacies. Gaming Solutions. Online casinos, poker and betting machines are considered particularly risky and complex by credit card processors and as. Integration. . Dharma’s monthly fee is $20 per month. Nor are the payment processors that serve them. Christian: Ongoing monitoring is required by regulatory authorities and credit card organisations as part of enhanced due diligence for certain merchant types. High-risk merchant accounts attract more stringent conditionalities than regular merchant accounts and are more expensive to manage. 5 Financial. Venmo. The list below shows all the products and services that are restricted or prohibited from using Adyen services for ‘ Merchant ’ business models and ‘ Platform / Partner business ’ models. With a 10-minute conversation, our merchant account experts can walk you through the possibilities at 1-800-530-2444. Online gambling/gaming merchant accounts are very similar to fantasy sports merchant accounts because risk and skill are involved in both. There will always be some level. Task 1: complete the quick quiz. This could include industries such as adult entertainment, online gambling, pharmaceuticals, or even e-commerce businesses with a history of chargebacks. 9754—Gambling-Horse, Dog Racing, State Lottery. Merchants who are unable to do so may have their accounts terminated and be forced to contract with “high risk” payment processors. In Summary: The 8 Best Offshore Merchant Account Providers For Small Businesses. The process is easy, so you can focus on more important things. If you own a business, you understand the value of having a dependable payment processing solution. Merchants that present a financial risk to the payment processor are assigned a high-risk MCC. High-Risk Merchant Accounts Authorize. A high-risk merchant account operates as a specialized business account for high-risk businesses. It also involves continuous management of your payment processing solutions and making the appropriate adjustments along the way. MCC 6211. When selecting a high-risk merchant account for your online gambling business, there are several key factors to consider: Industry Expertise. High-risk merchant fees: Most credit card processors do not approve high-risk merchants for an account, such as those that belong to the gambling industry.