An online gaming merchant account is a customized merchant service that helps in online money collection. We have solutions that work for all types of businesses. Obvious examples of high-risk merchants include those in industries like medical marijuana, on-line gambling, or telemarketing. The good news is that if your bank deems you “high risk,” they will not hide it from you. Depending on the type of gaming merchant services, one of these codes will be assigned to the merchant. Because different payment processors refuse to participate in high-risk business merchants. Many card processing company and banks consider this as a high-risk. Extensive Banking Network. Users can now access entertaining and engaging online games in a more luxurious lounge setting thanks to technological advancements such as touch-enabled kiosks, wall panels, and tables. GENERAL INQUIRIES. If you have all the documents and meet all the requirements, the next step is to file your application. This account is offered by an acquirer, a bank that is ready to work with a high-risk. 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. 3) Industry is considered low-risk, such as retail. We provide the advanced merchant solution to high-risk businesses like online gaming. Nonetheless, we have a high endorsement rate for high risk merchants and offer. Each type has its benefits and limitations and can be an important part of a chargeback management system. With Instabill’s online gaming. com offers for a High Risk UK Merchant Account. Our merchant account experts will answer your questions and send you a free adult merchant account application. 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. Gaming players invest a massive amount of money; thus, gaming platforms are a promising option to steal a lot of money through credit cards. Instabill’s high risk merchant accounts are established with offshore acquiring banks that are eager to work with dedicated, hard-working merchants. The finest investment an online gaming business can make is to look for a high-risk merchant account that is reliable and trustworthy to process payments safely. High-risk businesses are no strangers to the unique challenges posed by the ever-evolving e-commerce landscape. Published on May 22, 2023. Discover how high risk payment processing can benefit your online gaming business with our comprehensive guide. EMB offers many credit and debit processing options through various ways including: mail, retail, phone. The gaming business, also known as online gambling, has over the years become a crucial part of a well-organized and profitable gambling industry. Why do you need a high risk gaming merchant account? Gaming businesses need to have the proper payment solutions for their customers. Apply nowYour High risk merchant source! Lowest rates guaranteed and fastest service. A payment processing platform may label you as high-risk for a variety of reasons. Similar to most business services, the high-risk merchant account provider market is highly competitive. When your business has been labeled a high-risk merchant account, you will almost always pay higher. If you have started a new business with cigarettes in. Scan this QR code to download the app now. To lessen the burden on our clients, we provide an easy and organized application process to help you get your gaming or casino merchant account in a matter of days. FYI – GBO is a premier payment solution provider for online casinos. We serve almost all industries, including those that sell high-risk goods and services. e. If you’re interested in high risk payment processing, consider turning to EMB, the #1 high risk processor in the US. National Processing. 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. 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. Business Consulting is one of the many types of businesses classified as high risk. Well, traditional merchant accounts often shy away from working with high-risk industries like online gambling or game development due to their perceived risks. Take that information and compare the costs against what you can find online. On other side of that coin, standard banks do not underwrite these accounts. Therefore, it’s crucial to. The industry is booming with so much growth and potential that it is expected to reach over 127 billion by 2027. Contact. Merchants can receive real-time alerts for all chargebacks lodged. Actual games and tables monitoring; High Risk. Creating an approved online gaming merchant account requires a high level of preparation from the high-risk merchant owner. No one turned down. Many online gaming companies have trouble finding a merchant bank that will accept high-risk gaming operations, or opening an account in the country where. As a gaming merchant, you need to be aware of the needs of your gamers and also what your business needs. S. 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. Travel Merchant Accounts. Getting a regular online gaming merchant account is a difficult task due to the refusal of banks to co-operate with gaming merchants. And when the players win the reward, the gaming merchant sends the money to the players from this gaming merchant account only. However, the high vulnerability of these activities to fraud makes it an extremely high risk business. sit in all of this? Despite being incredibly hesitant to embrace the. Unlike traditional processors, they are more willing to work with high-risk businesses. The High-Risk Gaming Industry. High Risk merchants approved. Stripe is one of the leading merchant services providers out there. Bitcoin’s rise from oblivion in 2013 was a major story not only among those in the financial business but of consumers as well. But you may have been thinking that what it has to do with a gaming merchant. Low-Risk Merchant Accounts. This account acts as a conduit, facilitating. + Follow. Purchase your next favourite publicationIn fact, even many of the International high risk merchant accounts will not underwrite Online Gaming businesses. Whenever a business exceeds a 2% chargeback ratio, credit card companies can fine the processor that provided the high-ticket merchant account. net, give you access to information regarding your new account. A fraudster will open multiple accounts to take advantage of special offers. The PayKings team has high risk merchant accounts for businesses with high risk payment processing volumes of $20,000-$100,000,000+ per month. Massively multiplayer online gaming (MMO), which includes games that can be played by hundreds and sometimes, thousands of players at a time, generated $19. 1% for low-risk transactions. Card-not-present or CNP merchants know that chargebacks may cause frustration and cost them a lot. 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. Getting a smoke shop merchant account requires careful consideration of several key factors. With partnerships with more than 15 domestic acquiring banking partners, we are able to serve merchants in high risk industries as well as low risk, high volume, and low volume, and in-store or online. Merchant Accounts for gaming industries are what you need that makes you able to accept credit or debit card payments. To begin the process, you can apply online for a fantasy sports merchant account. ; 99 percent approval for high-risk merchants, including those in the CBD, adult, online gaming, collections, nutraceutical 1. E-gaming companies operating an online casino need a merchant account in order to accept payments from their players. Sell across channels. The Subscription boxes are regarded as at high risk in the merchant account. 4% for mid-risk transactions. However, the sector’s influence extends far beyond dollars; it has shaped broader social, cultural, and business trends and established a path for companies to. Online gambling also is known as the gaming industry in the merchant account service industry. High Approval Rates. CNP, or card not present, fraud is still possible with EMV cards, and it is quickly becoming a hacker’s new way of getting. There are troves of benefits that come along with having. Grow your business online. A high-risk merchant account is a payment processing account for businesses considered high-risk by banks. 7995 - Betting (including Lottery Tickets, Casino Gaming Chips, Off-track Betting, and Wagers). Especially with the online gaming business, various small transactions get generated & often hit a higher percentage fee. Manage one-time and recurring billing so members can auto-pay on a set schedule. Social gaming. In general, MCC codes are meant to safeguard processors and banks. Due to the added risk factor of high volume sales, potential chargeback and refunds involved, high risk businesses in the UK have certain demands that need to be met with. 1. a tax id number. Easy Pay Direct can help you get an adult merchant account and credit card processing services for your high risk business. Why online gaming merchant account is considered high-risk. With a full application package, gaming merchants can start processing payments in as soon as 24 hours. This industry is highly regulated to protect players from major financial distress. July 17, 2023. What Instabill. #1 PaymentCloud Strong Reputation For Fast Approvals. i. To avoiding put merchant accounts in jeopardy, businesses must work to. 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. 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. With rapid innovation growth, specific niches have begun to thrive. This includes CBD and Kratom businesses. Payment Gateways for Online Gaming. In online payment processing, some business are considered riskier than others. There are many laws that prevent online gambling that businesses have to abide by. Though they flagged my business as high risk and outsourced me to one of their partners who offers high risk merchant accounts for businesses like mine. – Pre-recorded Videos. To prevent cheating, restrict those online gamers that surpass gaming limits at an online gaming website. fees. Radiant Pay is the leading high risk payment processing, merchant account services and payments gateway solution provider in London UK. Gaming merchants should deal with. Experience a secure and seamless gambling payment processing solution with PayFasto’s gambling merchant account. Online Gaming Chargebacks. Apply for a high risk merchant account in Malta today. Apply Now for a High-Risk Merchant Account. According to Statista, the global media and entertainment market is projected to grow to $2. Or diversify accounts for backup and mitigation of processing risk. linkedin. A new study by Experian shows that this generation has an average of $111,121 per person. A high-risk merchant account is a label your payment processor has given your business. E-Commerce high-risk merchant services are services provided by companies that specialize in high-risk eCommerce accounts. The account is arranged by a payment service provider which works as a mediator between the acquirer bank and the business. Moving companies. 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. It is an option for high-risk merchants, like fantasy sports, tobacco, or online gaming niches. 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. Because different payment processors refuse to participate in high-risk business merchants. One of the biggest mistakes that merchants make is deciding on a popular payment processor and then finding out they won’t work with any high-risk merchant. Integration with popular e-commerce platforms and shopping carts. Internet gambling laws are murky in many regions and an increasing number of companies are registered offshore. But there are some surprising businesses that fall into the high-risk category. Due to specific regulations and restrictions in certain states, online gaming is often classified as a high-risk venture. However, the number of High-Risk Merchants account providers for online gaming is limited and finding one that can deliver consistently can. If you have too many chargebacks from customers, you’re going to need to clear all that up, along with anything else you left dangling. To succeed, online merchants should choose the right credit card processor in the field. So, why is this the case? High-risk businesses are rarely served by ordinary merchant account providers. Again, adult entertainment account and payment processing rates fluctuate with season. Every day brings new opportunities for merchants with a merchant account for online gaming. Best high-risk Merchant Accounts for online businesses . Our payment solutions for face-to-face, online, and mobile transactions will help you exceed your goals. And when it comes to industries like online gaming, gambling, forex trading, IPTV, adult entertainment, tobacco, and other high-risk industries, the preference rises to 84% for cross-border businesses. Travel Merchant Account. This is because they often use stolen credit cards to make their purchases and the cardholder may not be aware of the purchase until it has already been made. As a result, trust and customer loyalty improve and, in turn, brings. You do this by opening a merchant account. In addition, fraud losses are said to have fallen from $18 billion to. net, give you access to information regarding your new account. Opening a bookkeeping service is an ideal way to earn a living. Chargebacks plague penny auction merchant accounts with a determination that can be described as dogged. Businesses in high-risk industries, such as online gaming, adult entertainment, and nutraceuticals, may have difficulty obtaining domestic merchant accounts. The pre-screening process occurs in the early stages when the PSP learns a little bit more about the new merchant. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online. When selecting a high-risk merchant account for your online gambling business, there are several key factors to consider: Industry Expertise. Square: Best overall. EMB’s competitive rates, flexible funding options, and range of payment processing solutions make partnering with us an easy choice. To locate the best possible provider for your business, you must perform sufficient research and locate the best possible service for your needs. picture identification. Travel. High Risk Solutions Offered by the Online Gaming Merchant Account . Published on October 26, 2021. But with us, you won’t need to be troubled. 50% + $0. 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. When a merchant application is submitted, the payment processor. The digital gaming businesses usually have a high volume of turnover. A gaming merchant account is interpreted as a high-risk account for many reasons: The turnover rate at your business may be too high. National Processing. Secure high-risk merchant accounts for online gaming and credit repair. 805. The original risk factors are gaming and gambling. Fill in all the required fields. Call us at (727) 873-0963. The gambling industry has seen a boom over the past few years. These are important to look out for before giving green light to online gaming merchant accounts. We provide the advanced merchant solution to high-risk businesses like online gaming. It is highly important to look for a reputable processor in the field when choosing payment processing solutions for painting services. Moving companies. How much does a high-risk merchant account cost? Businesses with high-risk merchant accounts typically pay $100 per month on average. High-risk businesses are rarely served by ordinary merchant account providers. And with lucrative benefits like large ticket processing. The bank then sends the information to the card issuer. Despite the status as a high-risk merchant account, it is possible to find a reliable and affordably priced payment processor for online gaming. – Online Dating. How High Risk Merchants Can. Step 3: The card issuer sends the purchase information to the customer’s bank or the issuing bank to approve or deny. The reasons are as follows: Online gambling businesses feature a high-volume turnover; Most gaming businesses are based offshoreA: 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. This means that merchants in high-risk industries have a better chance of getting approved for an account. Gaming payment processing typically involves a. The online casino industry is well-known as online gaming in the merchant service industry. These industries include the adult industry, online gaming, subscriptions, etc. EMB specializes in all industries that are considered high risk. As soon as you’re approved, EMB can set up chargeback management tools and a payment gateway. The gaming business is considered to present a higher risk to the underwriter, therefore it is considered high risk. In order to get and maintain good standing with your service provider, you must meet. gaming merchant account. Acceptance of all major Credit. It involves the transfer of funds between players, gaming companies, and financial institutions to enable the purchase of in-game items, virtual currencies, or to fund player accounts. Online Gaming Digital Goods. Protect high-risk and adult gaming transactions with comprehensive fraud management. Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving high risk business types. New merchants seeking for High-Risk Industry prospects can get an online gaming merchant account and make millions in no time. 2) High chargeback ratio. Knowing that is how things stand, it is best to not waste time seeking partnerships with standard, low-risk. Nonetheless, we have a high endorsement rate for high risk merchants and offer. Eliminate chargebacks, which means more money for you. Welcome to BKW Servicing +1-866-259-7475 1054 Saint Andrews Boulevard, Charleston, SC 29407 sales@bkwservicing. Emerchantbroker. It’s also free of monthly fees. Easy to find contact information on the Website, receipt, and packing slips. That's where gaming merchant accounts come in - they are designed specifically for businesses operating in this niche. Including individual transactions and batch totals with comprehensive reporting tools. If you’re one of those involved into online gaming industry, you can also. The digital gaming industry has a high volume turnover. Mobile gaming, social gaming, sports gaming and many other gaming. What is iGaming? In contrast, “iGaming” typically refers to online gambling offered through casinos. 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. It happened to be that, this account has become viral since the online gaming merchant has asked for the solution for payment p. is the top service provider for merchants having high-risk businesses. After that, many things can happen. A merchant account is a type of business bank account that allows you to safely process electronic payments like debit and credit cards both in-person and online. Because an online gaming merchant account permits gaming merchants to accept online payments quickly. Step 1: A customer buys a product or service either online or in-store. 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. Penny auction merchant accounts are considered high risk in large part thanks to the high chargeback rates that happen so frequently to penny. No matter you’re a new business or the owner of top adult websites, you can get a secure and low-cost adult merchant account if you turn to EMB. Amald. A No Chargeback Merchant Account, also known as a "high-risk" merchant account, is a specialized payment processing solution designed to cater to businesses that face a higher risk of chargebacks. This is where you will log in to your control panel. Online Gaming Merchant Account to Drive You Through the Efficient Gaming Payment Transactions. Luckily, PayMystic’s expanded network of banking relationships accepts the eGaming and eSports category and provides competitive rates, terms and conditions. An online gaming merchant account is a customized merchant service that helps in online money collection. The high-risk merchant services should offer tools and integrations to ensure online purchases are easy and safe for customers and merchants. 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. As long as your chargeback rate is below 3%, emerchantbroker. One problem the online gambling and casino industry faces is obtaining a merchant account, as acquirers are seldom willing to work with them, given the high-risk nature of their business. Business Funding. 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. At eMerchantBroker. OFFICE HOURSThe E-cigarette has been shooting off the shelves. And when the players win the reward, the gaming merchant sends the money to the players from this gaming merchant account only. [email protected] You're Approved GET STARTED NOW ! About Us;. Level 1 PCI / DSS Certified Gateway. Several businesses may need a high-risk merchant account to process credit cards. 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 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. Fast approvals in 24 – 48 hours. 3% to 3. all the signers to the account. Social gaming merchant account solutions at 5 Star Processing. Before. These online merchants can have an extremely tough time finding a high-risk merchant account. It involves the transfer of funds between players, gaming companies, and financial institutions to enable the purchase of in-game items, virtual currencies, or to fund player accounts. 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. These online merchants can have an extremely tough time finding a high-risk merchant account. A competitive payment processing fee for a standard retail small-business account might be 2. 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. High-risk merchant accounts are for businesses that have a high rate of a chargeback, legal issues, or other problems that increase the likelihood of nonpayment for products or services rendered. 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. The first step is identifying your exact vertical. 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. WebPays. E-gaming companies operating an online casino need a merchant account in order to accept payments from their players. Beyond that, EMB can also set up a fraud filter for your online payments. The merchant account for online gamers is a high-risk merchant account. In most card-present or CP chargebacks, issuing banks bear the responsibility to repay cardholders. Published on January 30, 2022. As players immerse themselves in virtual worlds, the significance of a seamless…Online gaming is considered a high-risk business because they are more likely to experience online fraud, high chargebacks than other types of business. What Makes an Online Gaming Account High Risk? So, why is online gaming viewed by banks and other financial institutions as high risk? The two most common reasons that. Ultra-high-risk industries (like adult, firearms, and e-cigs) can even see higher rates. Thus,. All they want is to avoid the risk. 2. As it is difficult to assist a merchant account for an online gaming business, it requires risk-bearing authorizations to run your casino business worldwide. If you do not handle this issue on time, your gaming merchant account may even get rejected because acquirers also have to follow some rules. 1) Online Gaming Merchants. Higher payment processing fees. com Home; About Us; Categories. Therefore, you need a high-risk merchant account for your high-risk business. All There Is to Know About Getting a Nutraceutical Merchant Account. Why Gaming Merchant Account Is High-Risk Business. They provide flexible pricing options, fraud prevention tools, and excellent customer support. 1% for low-risk transactions. Be sure those online merchant servicers are actually true businesses. A flat-rate pricing structure is offered by Stripe:As a high-risk merchant account provider, we can help you get credit card transactions processed online in no time. Also included are some valuable tips to decrease the risk associated with the online payment process. Here’s a snapshot of adult industries that use specialized payment processing: – Adult Bookstores. Secure high-risk merchant accounts for online gaming and credit repair. Tags: Articles Credit and Debit Card Payments EMB solutions high risk merchant account offshore merchant account Offshore Payment Processing. Every engagement on an online gaming merchant's website necessitates the use of a High-Risk Merchant Account. Connected. 3) Travel Merchants. . For this, the best option for small businesses is to look for outside funding. Glitches like unexpected server shutdowns cost you money and irritate customers looking to buy from your company. Also to give the most successful transaction results. We provide gaming businesses with local & international payment processing. The vast majority of banks who are giving gaming merchants a credit line consider this factor high-risk. One essential service that top merchant services offer is credit card processing. Nutra Merchant Account. The Importance of High Risk Merchant Accounts. There… Actual games and tables monitoring; High Risk. high risk merchant account. Email Customer Service. Many small businesses have been taking their trades online to benefit from the huge online market. For more information, please contact us at 800. There are certain regulations in online gaming or gambling businesses. PaymentCloud: Best for software integrations. Consider whether you need a multi-currency account, a high-risk merchant account, or specific features like an international payment gateway. The process is easy, so you can focus on more important things. 1. com Home; About Us; Categories. This is where online gaming merchant accounts come in. Browse short-form content that's perfect for a quick read. All they want is to avoid the risk. Advantages and Limitations of Stripe as a Merchant Account Provider. What makes an Online Gaming Merchant Account? The online gambling industry has operated in legal limbo for years, though the grey area has become smaller. With Go High Level you can easily capture new leads, build full-blown websites, and landing pages, drag & drop surveys and forms, plus online appointment setting. Bank-to-Bank Transfers. Because of high risks involved, online tobacco stores face many obstacles. Online gaming merchant. 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’s projected this number will reach 4. The finest investment an online gaming business can make is to look for a high-risk merchant account that is reliable and trustworthy to process payments safely. With our services, bank-to-bank transfers have never been easier. In addition, there are other risk factors that cause banks to avoid. Digital gaming is claimed high-risk by most of acquiring banks for the following reasons: High volume turnover. World-class checkout. 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. Applying for “No-Credit-Check” Merchant Account: Step-by-Step Guide. High Risk Merchant Account ; International. Strong descriptors that include a customer service phone number. Below is a list of the top 10 biggest high risk merchant account industries. Our gateway partners like NMI and Authorize. Obvious examples of high-risk merchants include those in industries like medical marijuana, on-line gambling, or telemarketing. This. Online gambling has become an uncontrollably profitable segment of the betting business. We’re offering an online gaming merchant account. Sell online or in person. Yes #offshore_merchant_accounts can offer significant benefits, But they also come with certain risks, We at PAYCLY Merchant Services have vast experience managing cross border #High_Risk_Payment. If you are a business that needs a high-risk merchant account, then contact eMerchantBroker. Although, all the gaming merchants are considered as high-risk still all of them can qualify for a gaming merchant account. 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. Credit card processing is a must for online businesses. 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. A lot of standard merchant accounts have no contract. This is where you will log in to your control panel. What Is High Risk Merchant Account? A business with a higher-than-average transaction rate is termed a high-risk merchant by a bank or any other financial institution. High risk transactions refer to any financial activity that poses a greater degree of potential fraud or money laundering. As soon as you’re approved, EMB can set up chargeback management tools and a payment gateway. Online Payments, A high-risk merchant account is a payment processing account for businesses with an increased risk of chargebacks. This blog gives an example of how we set up a gaming merchant account service and the steps we took. – Webcam and Live Video Streaming Sites. Mobile Card Reader. Payment processing fees: 2% to 3. Offshore payment processors typically provide these high-risk merchant accounts in a foreign country. To that point, some. We are experienced at handling merchant accounts for online tobacco companies, and are very familiar with online tobacco sales. EMB’s competitive rates, flexible funding options, and range of payment processing solutions make partnering with us an easy choice. No set up fees for most merchants. Our solid infrastructure allows us to take even greater payment processing risks. The acquirers mostly consider them as a high-risk business as it requires a special account to protect the security of their transaction. Effective payment processing is crucial to maximizing profits, boosting customer. 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. Like other high-risk industries, online gaming is also prone to many security and financial fraud issues. What to Look for in a High-Risk Merchant Services Account. 6% plus 10 cents, while the fee for a high-risk account might be 2. PayKings is leading the industry of payment processing, especially for high risk merchants. They are annoying to merchants, and most of the time their fees come without warning. This is because they often use stolen credit cards to make their purchases and the cardholder may not be aware of the purchase until it has. This industry is highly regulated to protect players from major financial distress. High-risk businesses are no strangers to the unique challenges posed by the ever-evolving e-commerce landscape. See full list on forbes. 7 billion gamers worldwide. Online gambling is popularly known as gaming in the merchant service industry. and therefore banks are a bit leery to take on gun merchants. 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. As you know, gaming businesses are high-risk and quite prone to chargebacks, so working on some solutions is necessary. com is rated A by Card Payment Options and is named one of Inc.