MLM. Merchants that are commonly referred to as high risk include travel, gaming, multi-level marketing companies, direct marketing, collection agencies, online dating, web-based pharmacies, and other eCommerce. WorldPay – Best for set monthly fees and regular payouts. Over the past 18 years, the company has successfully provided proven, reliable. As long as your chargeback rate is below 3%, emerchantbroker. Take steps to improve your credit score, ensure your debts are in good standing, and. Your social gaming merchant account may be able to accept payments in the world’s most popular currencies. Bank-to-Bank Transfers. high-risk merchant account providers offer payment services to merchants with high-risk MCC codes. High-risk businesses can expect processing rates of 3. National Processing: Best For Clover Processing Hardware. The company’s products and services for gambling businesses include multiple currency support, offshore banking partners, an online payment gateway, shopping cart. There are many laws that prevent online gambling that businesses have to abide by. Specializing in high risk merchant services, Instabill has been providing e-commerce businesses with a wide range of credit card processing solutions for more than a decade. Each Certified Payment Specialists have “been there and done that” hundreds - or thousands of times. Apply now and you can set up your online casino and gaming merchant account and run within 24 hours and with no limitations. eMerchant Authority offers payment processing options for both domestic and offshore gaming businesses. About. On other side of that coin, standard banks do not underwrite these accounts. S. Like other high-risk industries, online gaming is also prone to many security and financial fraud issues. Payment service provider Content- Hi! My name is Martina. Having a high risk merchant account simplifies and streamlines your high risk processing needs. Gaming and interactive entertainment are considered high-risk businesses, which means service providers are frequently ineligible for merchant accounts at numerous sponsoring banks. A high-risk merchant account is a type of bank account specifically designed to cater to businesses with higher levels of risk associated with their operations. If you have all the documents and meet all the requirements, the next step is to file your application. Whenever a business exceeds a 2% chargeback ratio, credit card companies can fine the processor that provided the high-ticket merchant account. )However, if you find that acquiring a high risk merchant account or using a dedicated payment gateway is not feasible for your business at this time due to various reasons such as cost or industry. As a high-risk specialist and provider of industry leading merchant services, emerchantbroker. EMB offers many credit and debit processing options through various ways including: mail, retail, phone. We offer point-of-sale systems and payment gateways that are fully integrated. EMB’s competitive rates, flexible funding options, and range of payment processing solutions make partnering with us an easy choice. Gaming is an industry that banks have learned has high fraud and chargeback rates. To locate the best possible provider for your business, you must perform sufficient research and locate the best possible service for your needs. Online casino and gaming merchant accounts from Leap Payments are available for companies in the following industries: Digital Games. Below, we explore how a merchant account for online gambling and casinos differs from a regular merchant account and what makes online gambling high risk. Merchants will need to continue to find a balance between providing a good user experience and preventing fraud. In addition, businesses generally see an increase in ordering and payment acceptance rates with the high risk gateway. In fa. Here, we will cover what makes a business high-risk and how a high-risk merchant account differs from a regular merchant account. One thing all high-risk businesses have in common is an increased need for sharing supporting documents to ensure full compliance. As a kicker…. Paypound is a renowned payment. These types of merchants usually pay higher fees than average, but the benefits may outweigh the cost. In doing so, these providers enable businesses in. Best high-risk Merchant Accounts for online businesses . Healthcare. Again, adult entertainment account and payment processing rates fluctuate with season. With an online gaming merchant account, your firm will. So, if you are in requirement of a high-risk merchant account Europe (Albania. The Best Merchant Account Service Providers of 2023. 2) High chargeback ratio. Such accounts offer a range of features and services tailored to the gaming industry, including processing of payments from popular gaming platforms. This has allowed us to offer gaming merchant account and gaming payment processing services. Step 1: A customer buys a product or service either online or in-store. com | High Risk Payment Gateway, High Risk Gateway. There are troves of benefits that come along with having. 9. Getting a gaming merchant account in Bulgaria can take a lot of work for the. high risk merchant account. About. 99% uptime, providing our clients the reliability required to operate their business merchant accounts without concern. Stax: Best for avoiding transaction fees. 05 per transaction; Maximize approval ratios based on your target customer base; High-risk rates as low as blended 2. 38 billion between 2021 and 20226. High-risk merchant accounts are for organizations with a history of chargebacks, fraud, or poor customer service. 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. It’s projected this number will reach 4. Specializing in providing high-risk merchant accounts for social gaming, We have been helping Casino , Gaming , Gambling & Poker Merchants irrespective of their Licenses, Incorporation and business sizes, We have ready solution for all categories of Casino , Gambling Merchants whether they are startup or big established name in the. High-risk payment gateways: Payment gateways are tools that facilitate credit card transactions. When your business has been labeled a high-risk merchant account, you will almost always pay higher processing fees. Alipay is a reliable high-risk merchant account provider that offers tailored payment processing solutions for businesses in various high-risk industries. According to a recent study, the online gaming market is projected to grow by $142. Services to high-risk business owners are comparatively expansive than low-risk businesses. E-gaming companies operating an online casino need a merchant account in order to accept payments from their players. In the recent years, alternative payment processors like emerchantbroker. Credit card associations have set up rules dictating merchants in specific high-risk MCC codes to pre-register with these associations to ensure monitoring of risks. We deliver high risk merchant accounts and payment processing solutions that help business owners thrive. Locate the account application form/page. Monthly fee: $10 to $45. We’re offering an online gaming merchant account. You can generate payouts without a hamper once you associate with us. The PayKings team has high risk merchant accounts for businesses with high risk payment processing volumes of $20,000-$100,000,000+ per month. As experts in challenging and hard-to-place merchants applying for payment processing, we’re here to get your business pre-qualified and approved with a high risk merchant account and the best US and International banking solutions catered specifically to your business needs. It gives merchants a unique login with order tracking, sales management, inventory, and payments. Even if you exercise utmost caution before accepting a card, it’s still a perceived risk that can see you labeled a high risk account. In any case, in the event that you operate in the high risk industry such as gaming and internet betting, you shouldn’t think you can’t secure a merchant account for your business. 3% to 3. Purchase your next favourite publicationEMB promises an open and honest application process, with as little as a 24-hour wait to be approved for a high risk merchant account. The vast majority of banks who are giving them a credit line consider this factor high. However, this code is reserved for extremely high-risk merchant accounts associated with online casino operators, lottery outfits, and sportsbook wager companies. A classic example of a high-risk online business is e-Gaming. With the sharp rise in e-gaming popularity, Instabill can offer online gaming merchant account solutions – domestic and offshore – with competitive rates. EMB is voted the #1 high risk processor in the US and has an A+ rating with the BBB. What Is Gaming Merchant Account?A gaming merchant account is a type of payment processing service specifically designed to serve the needs of gaming businesses. DigiPay’s expanded network of banking relationships processes payments for the. Create an online gaming merchant account with us. This could include industries such as adult entertainment, online gambling, pharmaceuticals, or even e-commerce businesses with a history of chargebacks. QuadraPay brings to you high-risk IBANs, and SEPA accounts for gaming-related merchants. Point of Banking / CashlessATM. The bank then sends the information to the card issuer. It will involve continuous management of systems to ensure a secure and seamless checkout process. 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. Some of them are: • Gambling businesses generate high-volume turnover which increase the risk factor when an acquiring bank. Consider the following services EMB offers: Merchant Accounts. Credit card. Easy Pay Direct offers Transaction. facebook. And it is a primary truth of the payment industry. We will also help you setup with bank, broker and FX solutions for end to end payment solutions for your business. Payment Gateways for Online Gaming. EMB is also a reputable alternative online lender in the high risk field. Healthcare. July 17, 2023. Dating and escort services. Use of Stripe's services for any dealings, engagement, or sale of goods/services linked directly or indirectly with jurisdictions Stripe has deemed high risk, such as Cuba, Iran, North Korea, Syria, and the Crimea, Donetsk, and Luhansk Regions, or persons Stripe has deemed high risk, such as those individuals or entities named to a. This expands. Gaming payment processing typically involves a. 2. A Merchant Category Code (MCC) is a four-figure number used to categorize business entities according to the type of products or services the company offers. Nutra Merchant Account. The underwriting process is complete and the business gets approved for the high risk merchant account. We are your credit card. High Risk Solutions has relationships with numerous banks, both offshore and domestic, and has been providing credit card processing services for businesses since. com accounts is their high approval rates. 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. A High-Risk Merchant Account needs a payment processing solution for the generation of revenue. So, with a true high risk payment expert like EMB, you can enjoy unmatched merchant processing services, including a merchant account for drop shipping. PayKings has the knowledge, experience, and expertise in high risk. Call PayPound at +44 800 832 1733 or email sales@paypound. The right card processor will be available to help you solve issues 24/7 through various channels. Here are the six criteria that merchant account underwriters use to confirm that the business is viable, trustworthy, and has a chance of getting approved: Must-Have A Business Bank Account. As a high-risk merchant, maintaining a secure and stable payment processing solution is vital to your business’s success. 1) Brick-and-mortar businesses where the credit card is physically presented. 805. Processing limitations describe the highest sales volume that a payment processor will let a merchant process in a certain period of time, typically monthly or annually. Over the past few years, and especially during the pandemic (where folks had more time on their hands), the use of. Online Gaming Merchant Account is a high-risk account. In-Store. Gaming Merchant Account. A typical issue in a gaming merchant. It is possible for the bank to place a rolling reserve. Bank accounts for Startups companies; Best Business Bank Accounts for Online Business 2023; Affiliate Company Formation and Affiliate Bank Account Opening; e-Commerce Company formation & Banking solutions; Feelancers Financial Solutions; High-Risk Merchant Accounts in Europe for Online Business; Knowledge center; About us. 1% for low-risk transactions. PayKings provides payment processing solutions for gaming businesses domestic and offshore. Overall, the landscape of high risk eCommerce is undergoing constant changes all the time. Start Accepting Credit Cards in as little as 1 Business Day!The online gaming industry is ripe for fraud. For example, a customer may make a purchase from a nutraceutical company (a high risk business) then claim that a purchase was made without their knowledge, call their credit card company. Coaching & seminars. The merchant account for online gaming setup is easy and has many benefits. These are important to look out for before giving green light to online gaming merchant accounts. There are tons of high-risk merchant services providers out there, so it’s. PaymentCloud: Best overall. In 2016, global e-retail sales accounted for 1. Gaming. We make High Risk Easy. Bank accounts for Startups companies; Best Business Bank Accounts for Online Business 2023; Affiliate Company Formation and Affiliate Bank Account Opening; e-Commerce Company formation & Banking solutions; Feelancers Financial Solutions; High-Risk Merchant Accounts in Europe for Online Business; Knowledge center; About us. 9% for all total transactions. A competitive payment processing fee for a standard retail small-business account might be 2. The almost real-time nature of these transactions makes it more difficult to catch fraudsters before it’s too late. ; The original risk factors are gaming and gambling. Luckily, there are several high risk. Published Jan 18, 2023. Authorize. July 17, 2023. PaymentCloud: Best for software integrations. Account Se-up or Installation fee. These accounts are ideal for businesses that offer online gaming services, such as casinos, sports betting, fantasy sports, and more. MCC 6211. How EMB Helps You Succeed Establishing a high risk merchant account and high risk payment gateway with EMB, you get the opportunity to enjoy fast and secure payment processing. In most cases, a high-risk merchant account can be approved within 3 to 10 business days of a complete application packet being submitted to underwriting. Gaming Merchant Account is the Best Solution for your Online Gaming BusinessesWhat You Need to Know About High-Risk Merchant Accounts. A gaming merchant account is essential for online businesses in this unique industry. Small Business. You may use it for online and brick-and-mortar companies to handle all debit, credit, and prepaid card transactions. According to industry experts, there is a strong correlation between a high rate of chargebacks and poor customers service. Having a gaming merchant account can be beneficial for online gaming businesses, but it's important to be aware of the potential risks involved. Adult payment processing is high-risk credit card processing so it comes with different fees and fee requirements which vary by service. The merchant account provider will usually require a high-risk account to process these payments. Merchants that are commonly referred to as high risk include travel, gaming, multi-level marketing companies, direct marketing, collection agencies, online dating, web-based pharmacies, and other eCommerce businesses which accept credit cards over the telephone and online rather than in person. Process payments safely and securely by adding a layer of protection to your transactions that will lower the risk of fraudulent transactions and save you money. In the gaming industry, customers may dispute or reverse their transactions due to various reasons such as dissatisfaction with the game outcome or. Easy Pay Direct offers Transaction. We like to think of it as “High Priority”. A: A casino merchant account enables online casinos to accept various payment methods, including credit and debit cards, e-wallets, bank transfers, cryptocurrencies, and prepaid cards. Excessive Chargeback Merchant: The merchant has a minimum of 100 chargebacks, with a ratio of at least 1. Gun Friendly. High-risk businesses typically operate in industries that are prone to chargebacks, fraud, and legal and regulatory complications, such as online gambling, adult entertainment, nutraceuticals, and e. Be upfront about your policies. This year, the world’s two largest gaming regions, North America and Asia Pacific, are expected to account for 78% of global revenues. The PayKings team has high risk merchant accounts for businesses with high risk payment processing volumes of $20,000-$100,000,000+ per month. Higher fees: Due to the increased risk, banks and payment processors often charge higher fees for these accounts. Online Casino Merchant Account; Online Gaming Merchant Account; Online Pharmacy Merchant Account;. Online Gaming Merchant Account propose ideal payment solutions for gaming merchants As a growing and ever-growing. Meanwhile, businesses with low or moderate risk are less likely to be targeted for cancellations and other types of deception. High-risk businesses are no strangers to the unique challenges posed by the ever-evolving e-commerce landscape. In the end, Merchant Stronghold has the expertise, and experience in high-risk merchant account payment processing that can provide solutions to all of these sectors and more. When someone needs help with funding online gaming accounts, Segpay gets the job done by delivering ultra-fast processing and unparalleled cybersecurity. More than 74% of consumers in this category were rejected for loans and credit. A high risk merchant has been classified by the banks as belonging to an industry that has above average chargeback rates and instances of fraud. If you run a compliant gaming operation in a licensed territory then we will be able to help you with payment processing without question. This is especially important for merchants that work exclusively with online and telephone products and services. Selecting the ideal payment processing partner is a pivotal step in effectively managing a high-risk merchant account. High-Risk Merchant Accounts in Europe for Online Business. Financial institutions and payment processors use. Fees. Gamers keep themselves informed of any new releases that gaming platforms and service providers may make. Following these steps will help you manage your merchant account well: 1. This gives processors time to develop a customer risk profile by evaluating payment flows, average ticket sizes, processing levels and chargeback ratios. The currency of your choice is delivered to your business. If a company has high potential of chargebacks, or historically many chargebacks and refunds, the. Published on August 17, 2017. By offering alternative payment options, casinos can cater to the diverse preferences of their players and provide a seamless deposit and withdrawal experience. Businesses should expect to pay 2% over the cost of traditional merchant accounts, while also anticipating 18-month contracts. Go high level is an all in one marketing platform to help entrepreneurs, marketers, and agencies grow their businesses. Doubtful bank statement. Business must process at least $100,000 per month to be eligible for a high-volume merchant. 05 per transaction; Maximize approval ratios based on your target customer base; High-risk rates as low as blended 2. Fees also vary by provider and in most cases, pricing is set individually for every merchant. Gaming merchants should deal with. The gaming industry has high. Your High risk merchant source! Lowest rates guaranteed and fastest service. As one of the most popular high-risk payment processors in the world, Segpay leads the way in online gaming credit card processing. These providers offer specialized payment processing services tailored to the unique needs of high risk merchants,. People could always find things that are new and might be more interesting to them after a while. High Risk Merchant Account Tobacco. Instead, find an excellent high-risk merchant account processor such that of Allied Payments. The digital gaming industry has a high volume turnover. This is where high-risk gaming merchant accounts come in – they’re provided by organizations that specialize in serving businesses like these. Dharma’s processing rate for high-risk businesses is interchange rate + 1. Salons. Gaming is an industry that banks have learned has high fraud and chargeback rates. As long as your chargeback rate is below 3%, emerchantbroker. The reasons are as follows: Online gambling businesses feature a high-volume turnover; Most gaming businesses are based offshoreIf you are a businessman, you can look for secure payouts through a high-risk gateway process. 3. A Forex merchant account is vital for a foreign business that accepts online payments. Chargeback Alerts. comExpert Merchant Services For E-Commerce Businesses Payment Processing and Merchant Account Solutions. Some examples of high risk merchant account providers include Durango Merchant Services, EMB, and High Risk Solutions. . Gaming Merchant Accounts. E-Gaming Merchant Accounts. Why Choose TouchSuite for a High-Risk Merchant Account? Expertise in High-Risk Industries At TouchSuite, we understand the unique challenges faced by high-risk businesses. With a 10-minute conversation, our merchant account experts can walk you through the possibilities at 1-800-530-2444. When searching for a high-risk merchant account, processing limits are a crucial factor to take into account. It’s estimated 1. E-gaming companies operating an online casino need a merchant account in order to accept payments from their players. Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving high risk business types. Acquiring banks must assess the risk of each Merchant account before the agree to process credit card payments. This special account is like the backbone of these companies. We understand the unique challenges of your business and can provide you with the right merchant account that will meet all your needs. These companies often face various obstacles that require specialized payment solutions. This account is offered by an acquirer, a bank that is ready to work with a high-risk. Payment Processing for Gaming Merchants Jun 29, 2023. Firearms: There is great controversy over gun ownership, regulation, and safety in the U. Outbound Telemarketing (card-absent) MCC 5968. Secure your business with a high-risk payment gateway. Ultimately, a high-risk ACH account. Online gaming merchant account demand has been on the rise over the recent few years. FYI – GBO is a premier payment solution provider for online casinos. Gaming merchants should deal with. banks and financial service providers deny working with this industry. High Risk Merchant Account. The digital gaming businesses usually have a high volume of turnover. Banks won’t onboard any business category that poses a high financial and reputational risk. twitter. GetPayment is at the forefront of the industry when it comes to offering merchant accounts for casinos and online gaming. Secure your business with a high-risk payment gateway. Unlike traditional processors, they are more willing to work with high-risk businesses. What is a High-risk Merchant Account? Oct 11, 2023 The Complete Guide to Online Credit Card Payment Processing Sep 30, 2023. Unfortunately, fantasy gaming. 2. Eliminate chargebacks, which means more money for you. The merchant account for online gamers is a high-risk merchant account. Last updated: May 2023. 1. Such accounts offer a range of features and services tailored to the gaming industry, including processing of payments from popular gaming platforms. These industries typically include online gaming, #adult entertainment, #pharmaceuticals, travel and tourism, and debt collection,. At EMB, our high-risk merchant accounts are our primary focus, and our team of professionals have years of experience in tailoring solutions to meet businesses’ unique needs and address their biggest challenges. There are several type of fees attached to accommodate to the financial loss from the Acquirers. 4949 or get started here . All the above-mentioned qualities of a top-class high-risk account are auto-integrated with our Singapore merchant account. Leap Payments Helps Overcome the Obstacles. Merchant Accounts for Curacao GamingA high-risk merchant account is specifically designed to cater to businesses that are considered high risk by #payment_processors and banks. High Risk Merchant Account Specialists - From small businesses to Fortune 500 enterprises, organizations nationwide have trusted us to handle their high risk merchant accounts. It’s important to carefully research and compare different providers to find the one that best meets your business’s needs and budget. These online merchants can have an extremely tough time finding a high-risk merchant account. i. Low-Risk Merchant Accounts. These industries include online gaming, adult entertainment, cryptocurrency. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online. High volume solutions: load balancing gateways and multiple MIDS. e. net to use them as payment processor. Discover how high risk payment processing can benefit your online gaming business with our comprehensive guide. Gaming payment processing refers to the methods and systems used to handle transactions related to online gaming. Gaming payment processing. Gaming Merchant Accounts. 2. Digital gaming is claimed high-risk by most of acquiring banks for the following reasons: High volume turnover. Including individual transactions and batch totals with comprehensive reporting tools. High-risk merchant payment processors both understand the unique problems that a Forex merchant can experience and are also likely to be experienced in processing applications for high-risk trading. 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. EMB specializes in all industries that are considered high risk. Our merchant accounts provide you with the platform to handle all payments for businesses considered high risk, without the extreme fees of the industry. We assist people in any kind of business in any part of the world. Higher payment processing fees. Thanks to high-risk merchant account providers, customers can conveniently buy products safely and instantaneously using their credit cards. Getting a regular online gaming merchant account is a difficult task due to the refusal of banks to co-operate with gaming merchants. 5 percent. Reputable payment processors like emerchantbroker. For businesses that are deemed to be high risk for a variety of reasons, such as having. The right card processor will be available to help you solve issues 24/7 through various channels. High Risk merchants approved. Step 3: The card issuer sends the purchase information to the customer’s bank or the issuing bank to approve or deny. Fill in all the required fields. Apply Now. Meanwhile, businesses with low or moderate risk are less likely to be targeted for cancellations and other types of deception. net offers high-risk merchants all the tools for high-risk payment processing. These merchants can have a particularly hard time finding a high risk merchant account because a lot of payment processors refuse to participate in high risk processing. When someone needs help with funding online gaming accounts, Segpay gets the job done by delivering ultra-fast processing and unparalleled cybersecurity protection. Depending on the type of gaming merchant services, one of these codes will be assigned to the merchant. Contact us now by dialing 1 (727) 330-3944 to be approved for your business and merchant account . It’s important to carefully research and compare different providers to find the one that best meets your business’s needs and budget. Stricter terms. One of the essential parts of the setup process is getting a high-risk merchant account for. If a company has high potential of chargebacks, or historically many chargebacks and refunds, the. net, give you access to information regarding your new account. I am a top international payment processing service provider, such as- high risk payment gateway , high risk merchant account, offshore payment gateway in different different industry- Forex, Casino & i gaming, IPTV Payment gateway,Adult industry etc. Gspay. The phrase high-risk is a scary prefix for most business owners seeking a merchant account. 1. Search for a provider with extensive experience serving the online gambling industry. I am a top international payment processing service provider, such as- high risk payment gateway , high risk merchant account, offshore payment gateway in different different industry- Forex, Casino & i gaming, IPTV Payment gateway,Adult industry etc. iPad. Join our LinkedIn Page at. You can look for a secure way-out for your industry without a hassle once you connect with Amald. Chargeback protection. Merchant Stronghold specializes in high risk and offshore merchant accounts. As a result, nationwide online gaming is categorized as high risk. 1. Payment processors that offer high-risk merchant accounts understand the unique challenges faced by high-risk merchants, such as an increased likelihood of chargebacks or fraud. Payment Gateway for Adult Merchants. Less or no credit processing history also raises your risk profile Looking For Right Processor. financial risk involved. Again, adult entertainment account and payment processing rates fluctuate with season. 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 Risk Solutions offers merchant accounts for social gaming. High-risk merchant accounts can vary due to industry specific requirements. Several businesses may need a high-risk merchant account to process credit cards. 95%. There are several criteria to determine the risk level of a business: high transaction volume, international payment (geographic location. Voted the #1 High Risk Merchant Account Services Provider in 2015, and 2016. Online Payments, A high-risk merchant account is a payment processing account for businesses with an increased risk of chargebacks. 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. Our team of experts have a strong reputation of providing industry-specific support for low-risk industries: Apparel. A high-risk merchant account offers subscription businesses global reach, access to a large network of acquiring banks, and the ability to accept payments in multiple currencies. The original risk factors are gaming and gambling. To avoiding put merchant accounts in jeopardy, businesses must work to. 6. Electronic cigarettes & vape. With the proliferation of high-risk verticals entering the marketing place, more merchant account providers have opened their doors to serve the needs of the growing number of high-risk merchants. One determining factor of a high risk business is chargebacks, so high risk payment processors have a plan in place to protect the business from chargeback issues; Lower risk of account termination. The first step in building a solid plan is to add a “comprehensive digital element” to existing, physical vetting methods. Our tools have been designed with business owners in mind, and our goal is to assist growing high risk businesses to reach the next level of success. The chosen high risk merchant account should be easily integrated with the business’s current account software and inventory management systems. High-Risk Merchant Accounts face several unique challenges, including: 1. The type of business applying for a merchant account may determine the level of risk associated with that merchant account. PaymentCloud: Best for software integrations. 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. High-risk merchant accounts: Charge higher processing fees. Majority of card processing providers consider it as high risk industry due to certain reasons. An online gaming merchant account is a business account used to process payments of the customers/players. These industries typically include online gaming, #adult entertainment, #pharmaceuticals, travel and tourism, and debt collection,. You can attract players from all over the world, and accept payments in US dollars, British pounds, euros, and more. 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. High-risk merchant accounts provide this advantage by allowing you to trade globally and accept various currencies with fewer restrictions. A high-risk merchant account is a type of business account offered by a payment processor or a bank, designed specifically for businesses deemed “high-risk. Small Business. Online Gaming Chargebacks. The High-Risk Gaming Industry Casinos have been around for many years, but the rise of the internet changed the game for gaming fans all over the world.