Here’s an overview of what may land you in the high-risk credit card processing category as opposed to the low-risk one: High risk. Specialized industry focuses: High-risk payment gateways may specialize in providing specific businesses deemed high-risk, such as online gambling, adult entertainment, or medicines. C. Some degree of friction in the customer experience is necessary to deter online gaming fraud. Smoking-related or CBD products. High-integrity Risk Financial Trading Platforms (card-absent) MCC 5966. To be able to accept and process any form of card payment or other electronic payments like bank transfers, digital wallets, e-invoices, etc, a business needs to have a merchant account. 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. 5% for high-risk merchants. 20. . High-risk merchant accounts attract more stringent conditionalities than regular merchant accounts and are more expensive to manage. High-risk industries, such as Crytpo, online gambling, and nutraceuticals, forex, often face stricter scrutiny from payment processors, leading to a higher likelihood of merchant account suspension. PayKings | 1,049 followers on LinkedIn. Mastercard Rules. Some do accept high-risk merchants and. Online gambling is particularly susceptible to fraud. Some customers might join your gaming. Through multi-acquiring, our goal is to have your business approved with best terms possible. Request Demo Discover Now. If you still have questions regarding what we can do for you, give us a call at 1-888-548-5649 so you can converse with one of our merchant account managers. 4. HighRiskPay. Christian: Ongoing monitoring is required by regulatory authorities and credit card organisations as part of enhanced due diligence for certain merchant types. Acquiring gambling merchants is not something any acquirer can dabble with in the corner of their portfolio. That includes completing ALL your accounts in full, filing them correctly – on time – then making all of that accessible to the Acquirer/Processor. There’s risk for a merchant account provider, like an issuing bank, due to the high amount of money that changes hands, a high chance of fraud in the industry, and handling the high frequency of transactions. The gambling and gaming sectors are classified as high-risk industries. With a high-risk merchant account from a gaming merchant, you may process online payments without the need for a bank or an electronic wallet. Self-exclusion fraud: offering players the opportunity to mark themselves as problem gamblers is a legal requirement. Merchant Category Codes (MCCs) are issued by credit card companies to indicate what goods or services a business offers. Hence, its functioning is a little bit different from the usual low-risk merchant accounts. • A High Risk Independent Sales Organization (HR - ISO) is an ISO that enters into a contract with an acquirer to provide merchant solicitation, sales, customer service, merchant transaction solicitation and/or customer training to “high-brand risk merchants. First, you need to enable a gambling app so to allow all the younger players to bet while watching Netflix and texting to friends. Problem. Closing Notes. It is a crucial element to both plots throughout the play since. ISO High Risk (ISO –HR) Contracts with an acquirer to provide merchant solicitation, sales, customer service, merchant transaction solicitation and/or customer training to "high– brand risk merchants". Below is an inexhaustive list of each high-risk industry and its correlating merchant category code: High-Risk Industry (A-F) MCC. Outbound Telemarketing (card-absent) MCC 5968. High-risk merchants work in businesses that are bound to increased refunds, legal and governmental restrictions, or reputational problems. A high-risk merchant account is a specific type of payment processing account that is required for certain businesses. Read on for everything you need to know about high-risk processing. Skill gaming merchants should aim to secure an MCC7994 code. Get a secure payment processing solution in as little as 24 hours. Dharma’s monthly fee is $20 per month. For instance, PayPal and Stripe enjoy a great reputation when it comes to payment processing for ecommerce businesses. . This is why gambling merchants should focus anti-fraud efforts on mobile devices. High-risk industries are typically defined as businesses that are considered to pose a higher risk of chargebacks, fraud, or other types of financial losses to merchant services providers and processors. When checking sources of funds/wealth for casino AML compliance, casinos must analyze whether a player displays behavioral patterns associated with problem gambling. With more than 20 years of industry experience, we specialize in offering. How High-Risk Merchants Can Navigate the Compliance Maze. The following additional terms and conditions apply to you where you are a gambling or gaming sector merchant. Most payment processors and merchant acquirers will not work approve any type of gaming or gambling merchant account. S. 1. MCC 6211. Discover the power of Riskdefy. Outbound Telemarketing (card-absent) MCC 5968. Gaming is booming industry…. Moonlight Payments stands out as a dedicated payment processing provider for high-risk merchants and specialized industries. The company guarantees the lowest rates and prides itself on. Likely to have a rolling reserve attached to it. 7995 or 7999. That simplifies online transactions in a variety of currencies. Credit card processors E-commerce High Risk Business High Risk Business Merchant High Risk Merchants Merchant Account Merchant Services. High-Risk Merchants vs Low-Risk Merchants. The ability for all agents to keep their own players. Today, most merchants looking to sell a product or service online can quickly get their payment system live with the help of a modern checkout platform. How to open a high-risk merchant account: 8-step guide. PaySpacelv is a Riga-registered PSP. ISO High Risk (ISO –HR) Contracts with an acquirer to provide merchant solicitation, sales, customer service, merchant transaction solicitation and/or customer training to "high– brand risk merchants". Settlement may be weekly. National Processing. Top Quality Gambling Credit Transfer Solutions for winning amount transfer. Learn about laws, regulations, and policies governing gambling in British Columbia including those related to lotteries, gambling facilities, gambling industry workers and. August 6, 2021. DigiPay’s expanded network of banking relationships processes payments for the gaming industry at competitive rates, terms and conditions. A high-risk business is considered likely to fail financially by card processors and banks. Show Summary. With this article we describe the transaction log file and provide two filtered subsets of the data. 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. 7273 – Dating Services. Bogus “gadget” websites are putting merchant acquirers at risk for card network fines and assessments. services (often. Encryption Support Organizations (ESO) Performs cryptographic key management services to support clients' ATM programs or to deployDurango Merchant Services is one of the oldest and best high-risk merchant service providers. Current legal and regulatory landscape. Online gambling, online dating and software/hardware sales are, for example, generally qualified as high-risk. High-risk sectors often have to deal with strict regulations and laws. Merchant account services. Based in Portsmouth, New Hampshire, Instabill has been covering the high-risk merchant space since 2001. Tier 1. 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. High Risk Merchant Account LLC 915 Folly Road, Suite 49, Charleston SC 29412. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online. Its purpose is to facilitate deposits, payments, payouts, and. It will typically allow payments to be made via credit and debit card. A high-risk merchant is a label given to a business by a payment processor. Merchants that present a financial risk to the payment processor are assigned a high-risk MCC. You can load balancing by diverting. 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. With specialization and years of experience in working with all types of high-risk merchants, we give you the best experience. The company focuses on providing tailored solutions and features to satisfy businesses’ needs. Chargebacks911, 2022 Chargebacks Costs. A merchant is considered high-risk from the viewpoint of a credit card payment processor or acquiring bank. It also involves continuous management of your payment processing solutions and making the appropriate adjustments along the way. 2 Merchant Risk 10 Questionable or Unsound Business Practices. Signature Payments provides merchant accounts for a broad range of casino and gambling businesses. Experience a secure and seamless gambling payment processing solution with PayFasto’s gambling merchant account. By now, you probably know your business is classified as high-risk. 5 Financial. 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 . The process is easy, so you can focus on more important things. Verified by Visa is the card network-branded deployment of 3-D Secure technology. Banks and financial institutions perceive these industries as having a higher probability of chargebacks and. To get a high-risk merchant account, you need to go through several stages: 1. 0 bn market size for 2023 and projected growth of 1. net is a payment gateway company that provides payment processing options for businesses, especially small and independently-owned businesses. The changes are going to force merchants, particularly those in high risk industries, to re-think their chargeback strategies. 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. 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. 5. Christian: Ongoing monitoring is required by regulatory authorities and credit card organisations as part of enhanced due diligence for certain merchant types. Moonlight Payments Overview. Click on the “account” buttons if you want to start filling out a free application. For MasterCard and Visa, gambling and gaming merchants are both considered high risk merchants not only due to their potential for fraud and chargebacks, but also due to the legality of the service they provide. It acts as legal permission to accept credit card payments online. Banks and payment processors. 75%, and you’ll also pay around €950 in annual bank fees, a setup fee of €100, and a monthly fee of €20. Positive future business projections. (2) However, these companies find credit card processing services to be crucial to their. 95% for every transaction compared to 0. With 50+ online rummy merchants and 70+ fantasy sports merchants…. Permit you to conduct business in both regulated and unregulated sectors. How To Apply For A High Risk Merchant Account. International businesses selling their services and products within the US. Online gambling/gaming merchant accounts are very similar to fantasy sports merchant accounts because risk and skill are involved in both. Secondly, you have to set up in-app payments. 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. Each merchant service provider received a rating based on over 50 data points. SGC has addressed this risk by adopting a proactive system. Supreme Court, that will allow intrastate sports betting in the U. However, SumUp does allow lottery kiosks/clubs as an exception. Durango Merchant Services: Best for highest-risk businesses. , payment gateways specifically for gambling), or indirect providers, publishers or marketplaces that require. 95% for normal merchant accounts. The main reasons you may be given a high risk merchant account are: History of chargebacks: This is when the issuing bank initiates the return of funds to the cardholder based on their complaint/dispute. As long as your business has a monthly processing volume of at least $50,000 per month, we can help you get. The company has an excellent reputation for honesty, fair rates, and great customer service. Once a merchant is set up, the payment processing involves the. Therefore, PSPs must ensure that they took local methods into account. Plus, you’ll never be charged a setup fee or application fee. At SeamlessChex, we provide solutions that help your business get back on track. Gaming Transactions you must use a fraud and risk management product or service acceptable. A high-risk merchant account is a label your payment processor has given your business. You should also explore a casino payment gateway. Top High Risk Merchant Industries Here are the top 15 biggest high risk merchants that need payment processing. However, most providers offer fees and pricing ranging from: Rates from 4. 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. Local payment methods. 7273 – Dating Services. 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. According to Newzoo research, the online gambling industry will keep increasing by 8% annually. We help companies who need to acquire an online gaming merchant account and run a sustainable business. Higher-risk businesses include industries like adult entertainment, online gambling, nutraceuticals, firearms, and several others. net. In Summary: The 8 Best Offshore Merchant Account Providers For Small Businesses. However, that processing fee can inflate to well over 1. Dealers and / or payment providers should always carry out a detailed fraud management. 10 Financial institutions in relationships with payment processors should establish clear lines of responsibility for controlling the associated risks. One of the main and longer-lasting effects of gambling advertising is the normalization of gambling ( 65, 66 ). 6. : Best for global payment processing. Tier 1. Payspacelv specializes in high-risk industries, so it can be the ideal solution for the gambling enterprise, taking into account the minimal rate of processing charged by the company – from 1. With Instabill, that’s a thing of the past. Losing money you’ve earned shouldn’t be the cost of doing business. You need to have a way of accepting credit card payments in real-time from your customers all over the world. Our TMF or MATCH list merchant accounts allow you to get back to receiving credit card and eCheck payments - without exorbitant fees or excessive scrutiny. Last year, the residents of Spain (36%), France (52%), Belgium (47%) and the UK (49%) were leaders in using credit cards for. Authorize. It’s impossible to remove all risks, so it’s a fruitless task. The Pros. 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. Onboarding. Integration. 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. Stax: Best for avoiding transaction fees. Best for businesses that want a wide variety of terminals and POS systems. Centre for Addiction and Mental Health offers resources and a helpline at 1-866-531-2600. For our top picks, explore Expert Market’s guide to the best high risk merchant accounts in 2023. For the approval of a high-risk. Historically, merchants in high-risk categories have had few options for payments. 01332 477 85301274 649 89301274 649 89501274 649 893. Our innovative SaaS solution empowers your business to efficiently manage your merchant applications and enhance your operations that drive growth. 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. Majority of card processing providers consider it as high risk industry due to certain reasons. Studies on identical twins also show that genetic factors may contribute more to the risk of developing gambling disorder than environmental factors (like adverse childhood experiences). The agent management system allows multi-level structures of agents and can be tweaked according to the operators’ needs: Multi-level structure of sub-agents. A high-risk merchant account is allocated if it is believed the business is at a higher risk of fraud and chargebacks. But when it comes to high volume eCommerce websites, the risks up, and one can see that succeeding without careful financial management is a pipedream. 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. The reason is that these companies get. Many banks are now working on plans to help customers restrict their spending on gambling, offering gambling blocking solutions, with some banks allowing customers to 'turn off' payments to certain types of retailer, including. Merchants may be rejected based on the nature of bookings. Gambling and fantasy sports fall under this umbrella. Higher risk products typically provide players with the opportunity for fast-paced, repetitive and chance-based games which are available 24 hours a day. Supported integrations . A subsidiary of Visa, Authorize. Managing a gambling account is very important, as it involves transactions of huge sums every day. Subscription “negative option” merchants (card-absent) MCC 5993. The processor will look for the funds in the merchant’s bank. 5122 – Drugs, Drug Proprietaries, and Druggist. Definitions and Interpretation 1. Created and managed by Mastercard, the Member Alert to Control High-Risk Merchants (MATCH) list is an electronic database of high-risk merchants to avoid. The list includes solutions and best practices on how to get accepted for a merchant account. This article provides an overview of high-risk merchant accounts and what it means to. Section, Division of Risk Management Supervision, to Managing Editor, Supervisory Insights, Division of Risk Management Supervision (Mar. Fraudsters use other people’s cards, which may work but incur chargeback fees. Receiving a high-risk MCC leads to higher fees and limitations on merchant accounts. ” Contact us today at (615) 476-0255 to sign up for a high-risk-merchant account. Managing High-Risk Merchants. Additionally, it is prohibited to use Stripe's products and services to directly or indirectly export, reexport, sell, or supply accounting, trust and corporate formation, management consulting services, architecture services or engineering services to any person located in Russia. Merchants that are compliant with the Visa Rules and operate regulated and licensed trading platforms may continue to transact under MCC 6211—Security Brokers / Dealers. Average card transaction is below $500. High-risk merchants are often associated with businesses that have a high level of exposure to lawsuits, other legal actions, fraud, chargebacks and higher transaction sizes. Besides equipping your gambling merchant account with chargeback prevention tools, think of embracing chargeback monitoring and alerts. The main reason these credit policies differ is due to the processor’s ability to. This means they must apply for a high-risk merchant account. It can be very difficult to find the best gambling payment processor. Armed with years of experience navigating the baffling world of payment disputes, we built. With a high average sale amount, the more “risk” there is to the processor in the event of charge backs. Let’s start by busting some myths and revealing common pitfalls with business risk management. Why Ongoing Monitoring Merchant Acquiring Fraud Risk is Critical. PayPal prohibits the following activities, even where the specific activity is lawful and/or isn’t legally defined as gambling, unless the transactions are associated with an approved merchant. 2 Merchant Risk 10 Questionable or Unsound Business Practices High-Brand Risk Merchants Sellers Involved in Fraud or Illicit Activity 4. This is up from #5 in 2019. com: It will not work with businesses that offer gambling, online tech support, prescription drugs, or cannabis seeds. If you are looking for an experienced payment provider who can offer comprehensive online gambling payment solutions together with remarkable expertise, you have landed on the right page. Here are the major differences between low risk and high risk merchant accounts. We also do eu or euro web hosting and new business merchant account start up credit card processing and internet sales for pharmacies. PayPal prohibits the following activities, even where the specific activity is lawful and/or isn’t legally defined as gambling, unless the transactions are associated with an approved merchant. 30 per transaction. Those serious about acquiring gambling merchants need to take it seriously. Lastly, it is important to recognize that creating a high-risk merchant account involves a lot more than just setting up a system. Merchant Category Code. According to the report, 70 percent of online gambling transactions were made with a mobile device. g. Risk Controls. Require a high risk registration. If Stripe labeled you as a high-risk merchant, below are common reasons why: Offering digital. This could include industries such as adult entertainment, online gambling, pharmaceuticals, or even e-commerce businesses with a history of chargebacks. 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. Application. Last year, the residents of Spain (36%), France (52%), Belgium (47%) and the UK (49%) were leaders in using credit cards for online. 30, 2011, 22:45), FDICHOGR00002079. 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. eMerchant Broker: Best for High Approval Rate. Search for a provider with extensive experience serving the online gambling industry. Most merchant account suppliers are willing to listen and support business owners who learn from their mistakes. Located in California, PaymentCloud is a company starting its business since 2010 designed Authorize. We can assist with merchant accounts and payment gateways. With the latest technology, speedy. Best overall: PaymentCloud. We are impressed by EveryMatrix’s gaming portfolio and its ability to integrate with our. In order to get and maintain good standing with your service provider, you must meet. 1 “Between 1500 and 1700 gambling in Venice changed from a private activity for small groups of noble ; 2 John Marckant, Of Dyce, Wyne and Women, London, printed by William Gryffith, 1571. The Problems For High-Risk Merchants. To discuss your payment management needs with one of our expert advisors. With EMB’s merchant accounts, clients realize many advantages such as increased savings and award. How High-Risk Merchants Can Navigate the Compliance Maze. Shakespeare was always using the word risk in his plays – true or false. 3 Big Changes Merchants Need to be Ready ForWith the sharp rise in e-gaming popularity, Instabill can offer online gaming merchant account solutions – domestic and offshore – with competitive rates. Risk management decisions are paramount and usually prevail over other considerations. We don’t discriminate. The hardest part for online casinos is obtaining online gambling merchant accounts for credit card processing. Cybersource, 2021 Global Fraud Report. That MCC regulates video game establishments and arcades. It means that the KYM procedure involves best practices from both the KYC and KYB procedures to ensure the merchant onboarding process is smooth and efficient. We founded Justt to deal with chargebacks on behalf of merchants. However, if you operate in a high-risk industry, such as online gambling or adult entertainment, obtaining a merchant account can be challenging. In these additional terms regarding Gaming and Gambling Services, the following capitalised terms. An offshore merchant account is a type of bank account specifically designed for businesses outside their home country. The process is easy, so you can focus on more important things. Not all merchants are created equal. Current legal and regulatory landscape. Risk Controls. 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. 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. It also pays to ensure the merchants are. Host Merchant Services: Best for Interchange-Plus Pricing. Supported industries: Adult services, CBD, online dating, vape sales. net payment gateway. The company has a positive reputation for transparent customer service and reliable support. One key area where they differ is their willingness to accept risk. GOVERNMENT LICENSED CASINOS ONLINE GAMBLING: 7802: GOVERNMENT LICENSED HORSE/DOG RACING: 7833: EXPRESS PAYMENT SERVICES - MOTION PICTURE. 0 M+. The gaming business, also known as online gambling, has over the years become a crucial part of a well-organized and profitable gambling industry. Merchant account for gambling will: Take at least 4/6 weeks to approve. There is no standard definition of what is “higher risk” but some business categories which typically fall into that classification are online gambling, tobacco. The high risk merchant distinction has so many variables to it. While the codes of 7994 and 7999 are considered medium risk, 7995 is. We aim to take the problem out of. A comprehensive 360-degree dispute and chargeback management solutions for merchants and payment processors. 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. However, the number of High-risk Merchants account providers for online gambling is limited, and it can be difficult to find one that can deliver reliably. 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. This recognition has led to demands for public health strategies at the local, national, and international levels. 50% + $0. By Anna Zotova, Chief Risk Officer, xpate. We specialize in high-risk merchant accounts and will set up a dedicated merchant account to keep your deposits flowing, no matter what. Financial institutions and payment processors use. Online gambling. We appreciate you following Corepay’s blog. PayKings (Merchant Payments Acceptance Corp LLC) is your powerful partner in global transaction Low, Medium, and High Risk Merchant Accounts processing. Believe us, the MATCH list is a distinction merchants want to avoid at all costs. 300+ payment providers . Additionally, you will receive a detailed fee schedule for all your transactions. Easy Pay Direct: Best for Scaling High-Risk Businesses. 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. 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. Trends fueling growth include digitization, rising merchant adoption, increasing repeat usage among younger consumers, and an expanding set of players targeting lending at point of sale, a. Soar Payments prides itself on exceptional customer service (Soar Payments agents are actually available on the phone to discuss. Especially acquirers with many high-risk merchants in their portfolio have to implement a solid monitoring framework. Online gambling is popularly known as gaming in the merchant service industry. G2 analysts have seen a recent increase in illegal gambling sites laundering their transactions through gadget sites—usually a simple site selling a few select items, often consumer electronics, power tools, or sporting goods. Most of the eCommerce websites have a merchant account to take care of the payments which are processed through. For example, gambling merchants can choose from multiple codes: 7801—Government-Licensed Casinos (Online or Internet Gambling) 7995—Gambling Transactions Betting (Sportsbook, fantasy, social gaming; when regulated and not covered by other MCCs) (D) or. They then monitor those businesses via a four-digit Merchant Category Code (MCC). 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. If you're a financial institution, the following types of merchants are considered high-risk: Credit cards. Best for high risk businesses: High Risk Pay. ” 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. A high-risk merchant account is an agreement between a merchant and a bank. Meanwhile, eCommerce merchants may encounter termination until they verify their identity and address. Other risks include fraud and reputational risk. PayPal is especially strict with these services due to state regulations on gambling. Dharma’s processing rate for high-risk businesses is interchange rate + 1. Ongoing support & risk management every day through Whatsapp, Telegram & Skype. In gambling, this also means that every play and stake is between you and the gamer alone, thanks to high-risk merchant accounts. Every industry has its own market leaders when it comes to merchant accounts. Online Payment Service, High Risk merchants, White label secure Gateway, Merchant account provider, and Gaming/Gambling payment solution Employees at Meikopay Kevin LeeAdept Payments offers high-risk merchant accounts as well as accounts for low- and mid-risk merchants. Located in California, PaymentCloud is a company starting its business since 2010 designed Authorize. Firearms Merchant Accounts. November 14, 2021. 1. With the High Brand Risk Chargeback Monitoring Program, there are not a. especially if you’re a high-risk merchant. 2%. Traditional banking solutions aren’t willing to take the risk. Typical reasons for this label is that your account is considered to be at a higher risk of fraud, chargebacks, or a high number of returns. FDIC published the summer 2011 issue of Supervisory Insights on July 14, 2011. 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,. 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. Get a secure payment processing solution in as little as 24 hours. 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. Description.