This will save time for yourself and the participants. For more information, please contact us at 800. Too many organisations focus on avoiding and even eliminating business risks. Lower rates and pricing. The Gemeinsamen Glücksspielbehörde der Länder or GGL, was put in charge of licensing interested operators. It claims the overall average fee for in-person transactions is 1. Each merchant service provider received a rating based on over 50 data points. Moonlight Payments Overview. To help you find the right solution for your needs, we’ve ranked our picks of the best merchant services for small business available today. Account opening in days not weeks. Next, be sure that the payment processor can properly manage the high volume of transactions that is common among online gambling merchants. Let’s start by busting some myths and revealing common pitfalls with business risk management. The guide contains risk management information aimed to assist those new to the payment system as well as seasoned organizations. 08 per in-person transaction & int. The Mastercard Alert to Control High-risk Merchants (MATCH) allows an acquiring partner to lookup whether another acquiring partner has terminated a merchant in the past and the reason for that termination, to aid in an onboarding decision. Square: Best for businesses that are seasonal or process less than $10,000/month. We have over 23 years of experience in providing corporate services. Cons. As with interchange-plus, the percentage markup for online and other card-no-present transactions is higher, ranging from about 2. Open Your Merchant Account for eGaming Business Blog, Merchant Accounts. Month-to-month billing and excellent customer support are also preferred. 5% with a fixed fee per transaction of 10¢ to 50¢. To discuss your payment management needs with one of our expert advisors. Merchant Ivory Productions — is a film production company, established in 1961. This allowed companies like Stripe — one of the first PayFacs — to quickly underwrite and onboard new merchants. The state of Nevada is, effectively, the epicenter of the US commercial. PAs shall put in place adequate information and data security infrastructure and systems for prevention and detection of frauds. There are three main causes banks and processors are concerned about chargebacks from travel merchants. Non-compliance. Expand your global footprint and tap into new markets without compliance worries. XanPay is a payment gateway that supports cross-border transactions to both high and low-risk businesses via local payment methods. For e-gaming companies offering online casinos, poker, draws, bingo, lottery, skill games, crypto casinos and all other online gambling operations on the internet with a gaming license, there are two basic “must-have” financial services: A bank account. Pay Attention to Firewall Management . It provides a graphical overlay to simplify the deployment of game servers, and serves as the next iteration of the popular Minecraft server control panel McMyAdmin. Registry. and many more. As of yesterday, Egaming offers 15 deals in total on their website - 2 discount codes and 13 sales. : Best for low. 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. 73 9. Higher payment processing fees. local contenders such as BOL. Chargeback Gurus: Best for chargeback analysis. This makes the POS systems used absolutely critical. There is also a danger of investing money and also of transacting money. Visit the merchant’s website and document what type of merchant it is at a granular level to set a. They accept 160 major currencies and most major credit cards. eMerchant Authority’s Online Gaming Merchant Options. Host Merchant Services: Best for Interchange-Plus Pricing. Accertify’s iGaming fraud prevention solutions address today’s threats and are agile enough to detect what comes tomorrow. This section identifies the best ways to reduce risk exposure when selling your goods and services through the Internet. 1 Onboarding Platforms:Like most high-risk merchant account providers, PaymentCloud does not disclose pricing information online. Accept Visa & Mastercard payments for online casino, sportsbooks, betting. Best one-stop shop: First Card Payments. G2 provides Mastercard’s required monthly merchant compliance reporting on your behalf. The resolution also stated cyber risks should be included within the SMS no later than the first annual verification of the company’s Document of Compliance after 1 January 2021. A competitive payment processing fee for a standard retail small-business account might be 2. When the competitions are over, notify all the winners about where and when the finals will be held, collect all the fr equently asked questions and rapidly respond to any emails. As e-gaming companies are considered high risk, they are often rejected by banks and instead will have to work with a payment processor familiar with the high-risk. Telecommunication service including local and long distance calls, credit card calls, calls through use of magneticstrip reading telephones and fax. Starts at $0/month for unlimited devices and locations. Like most high-risk merchant account providers, PaymentCloud is not a direct processor. Online Gaming Payments. Improve customer satisfaction: Avoid placing an unnecessary hold on a customer’s payment card. Our payment-specific solutions allow businesses of all sizes to. 6) Picking The Right High Risk Provider. In contrast, gamers will frequent, spend more time with, and return to. Square. The clue is in the title – risk management. eMerchantBroker is a Los Angeles, California-based company that offers high risk e-commerce processing solutions including CBD oil merchant accounts. May 2022 - Present 1 year 7 months. A high-risk merchant account is often necessary for companies dealing in industries that carry a high potential for fraud and charge backs. Gaming payment processing. 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. High volume merchant accounts are usually offered to businesses with a turnover of over $100,000 and hundreds of small payments each day. 2. A fraudster will open multiple accounts to take advantage of special offers. It’s impossible to remove all risks, so it’s a fruitless task. As such, high-risk businesses often struggle when trying to obtain a merchant account and. A strong risk management system is necessary to meet the challenges of fraud and ensure customer protection. Pre-certified card readers with cloud-based fleet management ranging between $59 to $249 USD⁸ ;. For this reason, effective management of chargebacks & fraud is important for all travel merchants. Managing Risks: A New Framework. Posted on: 9 Nov, 20:58. This account regulates all business economic activities. 5% projected compound annual growth rate from 2020-2026. Responsible for Managing a portfolio of 30 undeveloped merchant and partner accounts across a wide variety of sectors including. The Visa Dispute Monitoring Program, or VDMP, gives Visa a way to keep tabs on chargeback activity at the merchant level. 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. DigiPay’s expanded network of banking relationships processes payments for the gaming industry at competitive rates, terms and conditions. Based on our evaluation, the best high-risk merchant account providers are: Best overall (and most versatile): PaymentCloud. A high-risk merchant account is a type of bank account designed for businesses considered high-risk by. Based on our evaluation, the best high-risk merchant account providers are: Best overall (and most versatile): PaymentCloud. With a simple API integration, we make it easier for. Clearly Payments: Best For Membership Pricing. The Curacao e-Gaming Licensing Authority (CeGLA) is a division of the Curacao Gaming Control Board (GCB) that is responsible for issuing licenses to online gaming companies. However, there are some advantages to high risk. It will typically allow payments to be made via credit and debit card. Merchants, Agents and ISOs -Bitcoins - eGaming - High-Risk If you are a high-risk merchant including iGambling, adult, delta8, facsimiles, or have a portfolio of hi-risk clients, we can provide Bitcoin and eGaming processing. 5% per transaction Other Fees that may apply; High-Risk annual registration cost for dating sites: $500 High-Risk annual registration cost for other high-risk sites: $1,000 For specific plans, a 3% surcharge applies if the transaction amount is less than $10. 2023. The Curaçao Gaming Commission, often known as the Curaçao Gaming Control Board or simply Curaçao eGaming, is the body responsible for overseeing online gaming in Curaçao, a Caribbean island that is a member of the Kingdom of the Netherlands. Easy Pay Direct specializes in high-risk industries and has experience working with gaming businesses . With the High Brand Risk Chargeback Monitoring Program, there are not a notification or workout period. 3% to 3. Search. It is managed by JPMorgan Chase. Bonus abuse is a more basic scam closely linked to multiple account fraud. they should have a deep understanding of the unique challenges faced by the industry and be knowledgeable about the regulations. Table Games and Poker. 3. Low yearly maintenance. Offline and feature phone-based payments and purpose-defined payments are the next big charters for the Reserve Bank of India and the National Payments Corporation of India (NPCI), for pushing the adoption of the central bank-backed digital currency ( CBDC ), said two bankers in the know of the matter. Increase revenue and speed into target markets by performing proper due diligence. Businesses that are considered high-risk by banks and payment gateways have to pay a higher processing fee. 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. Being MATCHed means you’ll be labeled as “high-risk. Gebr. Either one can result in serious consequences for merchants who fail to quickly correct course after being enrolled. Our key services include: Payment Gateway Integration: Seamlessly integrate payment. Most payment processing providers treat high-risk merchant accounts and high volume merchant accounts in the same way as they both are at high risk of fraud and chargebacks. Get a Free Consultation about an eGaming or eSports Merchant Account Online Gaming Payments. Mastercard Payment Gateway Services (MPGS) provides advanced payment processing and fraud prevention technology to merchants, technology partners and acquirers across the globe. For over 21 years I have been focused on decision optimization, risk management, and data science. We are able to issue new Curacao sub-licenses which will be. Our payment-specific solutions allow businesses of all sizes to. Each payment processor has specific criteria known as a credit policy, which dictates what types of business industries they are allowed to support. Team Lead Digital Product Development. 6. ” 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 merchant account is a bank account into which a merchant's payment processor. We can provide B2C and B2B Gaming, Sportsbook and Casino operators full merchant facilities worldwide. Powerful POS System Strategies with Mony Zenou. Financial institutions offering manual or automated cash disbursements. Instabil is a leading high risk merchant account provider for online gambling merchants, e-commerce, MOTO, and retail businesses. • People Management: Led a team of 6 direct and 60+ indirect reports to manage a very fast-paced Startup environment for the Fintech products: e-wallet, C2C / C2B payments, debit cards and personal loans. EPIC Risk Management is the world’s leading independent gambling harm minimization consultancy. 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. Offer high performance, diverse, and local payment methods to increase sales. Gaming and gambling are often categorized as high risk businesses. With this license, you’re eligible to open bank accounts. Our company registration, business license acquisition, office space renting, legal and professional services, and bank account opening are just a few of the many. 2. Read on for everything you need to know about high-risk processing. The Pros. Overview. Over the past few years, the Sports Betting and iGaming industries have seen an increase of player activity and are anticipated to be valued at more than $92. Durango Merchant Services is one of the oldest and best high-risk merchant service providers. 1. Have payouts to contractors, and even gaming tournament's winners confirmed in up to 1 hour. That assessment becomes the foundation of a long-term plan to help you maintain your merchant reputation and provide customers with the best service possible. Launched as a part of Paytm's ecosystem, this innovative platform brings together entertainment and gaming,. Once a merchant account is terminated, your acquirer is required to add you to the MATCH List (sometimes called the “Terminated Merchant File”). A gaming merchant account is interpreted as a high-risk account for many reasons: The turnover rate at your business may be too high. advocate and industry-leading provider of managed-risk merchant A business that accepts credit cards for goods or services. It acts as the mediator between the customer and the merchant to make payments. These mechanisms vary widely in cost, but a typical online or physical high-risk merchant account payment gateway may cost anywhere from $50 to several hundred dollars, depending on your preempted volume. Until merchants start transacting, acquirers and PSPs won’t. This payment service provider makes high-risk merchant accounts accessible to businesses considered high-risk, like tobacco and e-cigarette sellers, credit repair companies, online liquor stores, and more. Forex Merchant Accounts opening in Europe! Contact usThe Galaxy Leader commercial ship was "illegally boarded by military personnel via a helicopter" on Nov. Curacao is a well-known jurisdiction that grants online gaming licenses to operators. High-risk businesses can expect processing rates of 3. The player who plays is also aware of this risk and so is the merchant who is providing a platform. Monthly fees. Curacao eGaming licenses are going to be divided into two types: Curacao gaming license B2B; Curacao gaming license B2C It’s a difficult balance to strike. Automate check payments obtained through remote deposit capture channels including branch, teller, ATM, kiosk, merchant and consumer with the cloud-based, image-enabled item processing solution from FIS®. and has the following features: Don’t have a processing history. processors who do not have a handle on dispute management can easily find themselves on the receiving end of punitive fines ranging from $10,000 to $75,000 which can be assessed month after month until a. In 2022 its revenue was £8. In general, the price has ranged from approximately €15,000 to €20,000. To keep your global reach and maintain a good relationship with your bank, you should opt for a provider that specializes in high-risk or gambling companies and do your utmost to keep your account in order. If you opt to use Square for online sales, you can expect to pay a higher rate of 2. Content of this guide applies to traditional “pull” payments,. : Best for low. With over 25 years of verifiable commercial success, Melcom. Prepaid cards, checks, insurance or other financial merchandise or services. Leaders Merchant Services – Affordable free credit card processing and budget-friendly custom pricing for low-risk small businesses. Other known high-risk industries include healthcare and pharmaceuticals, travel, Forex and cryptocurrency trading, casinos, adult services, and debt collection. High risk offshore merchant account is best applicable for online business that operate in high risk online business like e-commerce, gaming, it, marketing, etc. Seamlessly integrate payment methods to connect cards and digital wallets. We partner with business to ensure success from inception and throughout your business journey. Why is your business, an online gaming business, considered high risk? The reasons are the following: it has a high-volume turnover, there are age restrictions, diverse global laws, and significantly higher instances of chargebacks. Increase your revenue and never lose out on a sale again. 5. 1 Third Party Agent Risk 9 Non-compliance with Visa Global Acquirer Risk Standards Questionable Agents 4. It. No. GBO specializes in helping online gambling and crypto services companies to open bank accounts in Europe – both B2B and C2B. 5) How High Risk Merchant Accounts are Managed. . Management: A group of seasoned individuals who have a thorough awareness of the business climate in the UAE and the region oversee IFZA. 9 Month Maternity Contract. If it’s just recreational gaming, the risks involved in the business are much less. In fact, game servers are at the greatest risk for a DDoS attack compared to other hosting types. If you are looking to open a merchant account, Fast Offshore can help. Still, most competitors do not accept high-risk merchants at all. Home. Square’s comprehensive payments package puts it at the top of our top PayPal competitor’s list, while Stripe, Shopify, PaymentCloud, and Amazon Pay are all among our favorite options. Accertify’s Sports Betting & iGaming Solutions are designed to protect against fraudulent account activity across the entire player journey. Here's the list of some reasons why you're unable to activate the online payment feature: Type of products or services you sell. At American Express, our ESG mission is to back people and businesses to thrive and create equitable, resilient, and sustainable communities globally. These merchants must pay $200 per month for Paysafe’s costs associated with the ongoing monitoring of high-risk merchants. With a focus on transforming the payment landscape, the company's innovative approach has propelled it into rapid growth, making it a game-changer in the industry. Now, let's dive into the top strategies that will help you secure a high-risk merchant account without breaking a sweat: Research, research, research: Don't jump into bed with any old payment. The MMS tool will enable the Company to undertake necessary risk- assessment and KYC process of merchants (including Ultimate Beneficial Owner). 6% – 2. Access 24/7 tech support for online gaming merchant accounts. Achieve operational excellence by moving. Worldpay. 95%. By using the latest data protection technology and fraud prevention mechanisms, such as 3D Secure, address verification and CVV, the right payments provider can help you reduce your risk and. An offshore merchant bank account is one established for eCommerce companies in a non-resident country. The main difference between online gambling and casino businesses and other businesses such as brick-and-mortar retail stores is how risky these businesses are to acquirers. Here, we break down the difference between iGaming and eGaming, and discuss payment options for online gaming companies. It offers different features and tools for managing an account. SquareAuthorize. net’s gateways must first find a merchant service provider willing to provide them with a merchant account. Considering the increased difficulties for Curacao entities to obtain bank account and/or merchant accounts in Europe, creating a structure which involves the Curacao company (which has the license to operate online gaming) and the payment processing agent (preferably an EU-Cyprus company) creates a powerful and strong. It has a wide service range, such as. For information on our high risk merchant accounts, call us toll-free at 1-800-318-2713 or contact us online today. The MATCH list is a blacklist that prevents merchants with excessive chargebacks and high-risk accounts from opening an account with another credit card processor. Merchant account fees are simply fees paid to maintain the merchant account you need to be able to accept credit and debit cards. Monthly fee: $10 to $45. Stripe. Easy Pay Direct: Best for Scaling High-Risk Businesses. Chargebacks911 also agreed to a permanent injunction against using deceptive tactics to prevent consumers from winning credit card chargeback disputes and to ban certain high-risk merchants with a. High-risk businesses can expect processing rates of 3. To ensure successful payment processing, merchants must have a robust fraud prevention system in place, as well as ensure that all applicable laws and regulations are being followed. Best High Risk Forex Merchant Accounts. 9. It offers the lowest fee, which is why thousands of companies use XanPay worldwide. 01332 477 85301274 649 89301274 649 89501274 649 893. Melcom Copeland is a Stablecoin Subject Matter Expert and Senior Strategic Advisor at XSTRATEGY, a Singapore-based Web3 Management Consulting firm that specializes in blockchain and cryptocurrency compliance, fintech, Decentralized Finance (DeFi), and digital payment solutions. Modern, cloud-based stack. and LexisNexis Risk Solutions. Last update 8. 2023. 51% + $0. 10 minutes. Dharma’s monthly fee is $20 per month. Durango Merchant Services: Best For High-Risk Merchants. With over seven years of work experience in the retail industry, I am a passionate and skilled e-commerce fraud analyst at Inditex. Home Industries Gaming Gaming The rise of online gambling and more widespread legalization exposes the gaming industry to broader opportunities — and new risks. $15 monthly fee ($12 for nonprofits) Interchange + 0. Such businesses are more likely to face financial issues due to unforeseen circumstances. 1 Operational Risk 7 3. Mumbai: The Reserve Bank of India ( RBI) wants all licensed prepaid payment instruments (PPIs) — or mobile wallets such as Paytm, PhonePe and Mobikwik — to be interoperable from fiscal 2023, according to a circular issued on Wednesday. Being categorized as high risk business, it becomes difficult for such portals to obtain regular merchant accounts. Description: Soar Payments offers credit card processing, eCheck, and ACH solutions to a wide range of merchants, but specializes in serving those considered to be high-risk or hard to place. Since its inception in 2020, Cricpayz has emerged as a pioneering payment solution provider, catering to high-risk merchants in India. Variable and flexible pricing and settlement plans and no joining fees. Betting, including lottery tickets, casino gaming chips, Fantasy Football, off-track betting, and wagers at races. Average sales tickets are high. Square. PaymentCloud – Surcharging. Chargeback fraud: iGaming sites often act as e-wallets, where players can deposit funds using credit cards. With gaming set to continue on an upward trend, the increase in fraud can be seen as an endogenous and predictable phenomenon. A fraudster will open multiple accounts to take advantage of special offers. 89% to 2%. As a merchant A business that accepts credit cards for goods or services. customer relationship management, accounting, human resources. We hold and update 16 registers including Jersey companies, business names, foundations, partnerships and security interests. The GBO team will be happy to assist you to obtain a Curacao gaming license for your needs throughout our wide network of banks, payment processors and gaming regulators. Best merchant services in 2023. 122 Appendix A: Omitted. This is a mistake. Taha Sajid is a 5G Security Lead and a 3GPP SA3 Delegate at Comcast. For most online companies, there are no issues when it comes to securing merchant services, however companies dealing in these high-risk fields are met with many obstacles and difficulties when trying to find a service provider. Choose Payment Methods and Systems for. 2. National Processing: Best for Small Businesses 6. Octro. Higher payment processing fees. Instead, PaymentCloud partners with numerous banks and processors to maximize your odds for initial approval and ongoing account stability. advocate and industry-leading provider of managed-risk merchant A business that accepts credit cards for goods or services. These merchants pay more for processing due to the higher amount of work involved in making sure their payment transactions are approved. American Express considers a business more likely to have a high chargeback ratio to be a “high-risk merchant. 4. The definition of “high-risk” is that there might be loss of money, chances of money laundering, users’ data theft, etc. Online Casinos. There are a. what is a high risk merchant account. Identify and document what the merchant is selling, beyond its MCC or SIC code. Merchant risk profiles . e. 6. This will determine the account benefits, services, and fees that a business will get. net is a payment gateway company that provides payment processing options for businesses, especially small and independently-owned businesses. MATCH searches the database for possible matches between the merchant information provided in the inquiry and information. 20% + $0. g. Merchants Trust plc — is an investment trust focused on. Octro is a renowned gaming company in India, founded in 2006 by Stanford alumnus Saurabh Agarwal. Affiliate fraud. However, for those based in Curaçao, with our expert help, we can provide you with an EU-based payment processing agent providing high-risk merchant account payment processing. . com. This solution includes hosted payment pages; one-time, subscription, and one-click billing solutions; risk management; affiliate tools, and end-user customer support. The travel industry loses an estimated $25 billion in fraud and chargebacks each year. The GBO team will be happy to assist you to open bank accounts to your gambling company. Thanks to merchant services, you can process credit cards, debit cards, contactless payments, ACH payments, mobile payments, gift cards, store credit. It is vital to make sure all other aspects of your business are beyond reproach. to visit exciting locations in the metaverse will not stay long if they feel their personal data or their safety is at risk. A Merchant with multiple Merchant outlets may add the city, store number, or other unique identifier to distinguish the specific Merchant outlet. Hire vendors if you need extra help to plan a successful esports event. High-risk businesses are typically those that are new, have a history of credit problems, or operate in an industry that is considered. Summary. An EY survey of large US merchants 1 reveals that more than 85% of merchants are planning to accept new APMs — defined as nontraditional payments, like digital wallets, account-to-account (A2A) bank transfers and buy now pay later (BNPL) — in the next one to three years. High-Risk Merchant Accountsmeans less management required and a lower risk of failure. Leaders Merchant Services: Best for Established Businesses 4. The total cost can be influenced by several factors, including advisory fees, which depend on the. Many software developers have also started offering their games on the. Let’s start by busting some myths and revealing common pitfalls with business risk management. Once a merchant is set up, the payment processing involves the. 1% for low-risk transactions. com in the Netherlands and CDiscount in France that offer diversity of revenue source and managed risk. Other types of high risk merchants can usually still get their payments processed by large banks and major credit card companies. 5% plus 10¢ per transaction. This is, in fact, a common stage in the finance onboarding and banking onboarding. Best for chargeback monitoring: SMB Global. If you are a high-risk merchant including iGambling, adult, delta8, facsimiles, or have a portfolio of hi-risk. The merchant’s industry presents concerns, such as reputation, health. While merchants are typically corporate entities, they can be natural persons as well. These types of purchases are usually small, low-risk orders, but can add up to a big hit on a merchant’s bottom line. January 14, 2022. Gaming payment processing refers to the methods and systems used to handle transactions related to online gaming. 1. The Problems For High-Risk Merchants. The possession of a license ensures that the company is committed to conducting its business in a lawful and honest manner, which in turn gains the trust. We are able to issue new Curacao sub. The vulnerability of casinos was recognised in the revision of the FATF 40 Recommendations, with obligations on casinos being significantly enhanced. When you begin your payment processing with us,. A high-risk merchant account means payment processors and card networks view the company as being more likely to default on its payments, suffer high levels of chargebacks, or even commit fraud. most impactful to today’s e-commerce merchant. Navy Federal Credit Union. Managed-risk merchants are categorized as such because statistics show that they tend to have high chargeback rates and significant numbers of payment disputes. GBO has the skills and experience needed from. MerchACT is a specialized high-risk payment processor with proven account experience. Many "low risk" merchants have a majority of their credit card transactions conducted in person ("card present"). High-risk payment gateways: Payment gateways are tools that facilitate credit card transactions. With this program, Visa can also accelerate merchants to this program. Pricing at a GlanceSubscription/Recurring Payments and Negative Option Billing Merchants – FAQs; Customer compliance programs. net offers credit card payment services for more than 430,000 merchants, including merchants that could be categorized as high-risk. Set up payment options to receive payments from players and to pay out winnings. PCI compliance means that your systems are secure, reducing the chances of data breaches. Leap Payments Helps Overcome the Obstacles. The overall gambling industry is predicted to balloon to $525 billion in revenues by 2023. XanPay. We would like to show you a description here but the site won’t allow us. Video gaming industry has a 14. Average Chargeback Ratio: 0. By now, you probably know your business is classified as high-risk. The gaming industry tends to see a high rate of fraud attacks. Why payments play an instrumental role in the growth of the global iGaming market in 2023 and beyond. 805. WebPays is a complete pack of high-risk payment processing that has all high-risk payment solutions. Durango Merchant Services. Open navigation. We work with:The buyers of accounts are often people who are new to the game or not as advanced and are looking for an easy way to win. If there is a slight balance here and there then the game is over. Examples of key areas where implementing a consolidated compliance workflow management system could bring significant benefits are: • Having all of your compliance regulatory requirements - jurisdictions games, issues, third parties, etc – in one place • Enabling stakeholders to. Based in Portsmouth, New Hampshire, Instabill has been covering the high-risk merchant space since 2001. : Best for global payment processing. 7. Considering the increased difficulties for Curacao entities to obtain bank account and/or merchant accounts in Europe, creating a structure which involves the Curacao company (which has the license to operate online gaming) and the payment processing agent (preferably an EU-Cyprus company) creates a powerful and strong. Medium-risk merchants should invest in robust fraud prevention tools and employ strategies like customer authentication and proactive chargeback management. Timeline. Network Merchants, Inc. To that end, we work proactively a. . With digital wallets (funded via a card or bank account) now. Mobile credit card. 2. 4% for mid-risk transactions. You will definitely need a payment processor that has extensive experience with high-risk merchants. Attention Forex Companies! GBO's Banking and Payments Solutions for Forex Companies. Other fees are only assessed if a specified event (such as a chargeback) occurs. The reason is simple: Everyone in the payment chain (except for the customer) loses money in a chargeback. PayMystic’s risk management team works with merchants and sponsoring banks to shorten trial periods and raise processing limits based upon good merchant credibility. 4. We help companies who need to acquire an online gaming merchant account and run a sustainable business. 13. These companies include nutraceuticals, online dating services, travel agencies, etc.