7. We take Visa’s Global Brand Protection Program very seriously and we can also work with you if you fall under one of their High-Brand Risk Merchant Categories. Betting, including lottery tickets, casino gaming chips, Fantasy Football, off-track betting, and wagers at races. Our process is simple so you can focus on your business. Annual confirmation Annual confirmation. Finance managed services; Risk managed services; Legal managed services; Explore Managed Services Close Managed services. Fraudsters use other people’s cards, which may work but incur chargeback fees. The degree of risk an organization is met with varies according to several factors. 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. In order to apply for a Curacao gaming license from the Curacao Gaming Commission you will need to disclose your banking history and criminal history. Stricter terms A lot of standard merchant accounts have no contract. Category: Corporate & Merchant accounts, eGaming,. Specialty credit card processing for three decades. to their recent risk assessment (RA). Receive reports when merchants and their principals who are under monitoring trigger a risk event. Merchants have to strive hard to get an. Monthly fees. For this reason, effective management of chargebacks & fraud is important for all travel merchants. Since its inception in 2020, Cricpayz has emerged as a pioneering payment solution provider, catering to high-risk merchants in India. 2023. 5. Set up payment options to receive payments from players and to pay out winnings. GWRA specializes in enterprise risk management for state agencies and municipalities. Durango Merchant Services. 50% + $0. It has a wide service range, such as. 🌐 Industry Expertise: In my extensive career, I have garnered invaluable. A high-risk merchant is a company with which most credit card processors will not do business due to the merchant’s potential. PayKings Provides Online Gaming Merchant Accounts. We offer a secure, seamless, end-to-end processing solution for all businesses, no. 1 Third Party Agent Risk 9 Non-compliance with Visa Global Acquirer Risk Standards Questionable Agents 4. Step 1. 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. Below is a list of MATCH reason codes: 01: Account data compromise. With the growing rate at which cyber crimes occur, locating a high-risk account provider that processes all transactions safely is vital. G2 Key Features. Fastest application process: Soar Payments. The new license is valid for all iGaming – sports gambling, casino, poker, bingo, lottery. 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. 6% plus 10 cents, while the fee for a high-risk account might be 2. 75 Chapter 10: Account Data Protection Standards and Programs. Increase revenue and speed into target markets by performing proper due diligence. Search for a provider with extensive experience serving the online gambling industry. A fraudster will open multiple accounts to take advantage of special offers. Warning signs of fraudulent sites. These types of purchases are usually small, low-risk orders, but can add up to a big hit on a merchant’s bottom line. We are able to issue new Curacao sub-licenses which will be. When you begin your payment processing with us,. Medium-risk merchants should invest in robust fraud prevention tools and employ strategies like customer authentication and proactive chargeback management. Pay Attention to Firewall Management . Search registers. . Timeline. A high-risk merchant account is specifically designed to support payment processing for high-risk businesses. But, when gaming gets associated with gambling, the level of risk increases. Home Industries Gaming Gaming The rise of online gambling and more widespread legalization exposes the gaming industry to broader opportunities — and new risks. 5 steps to managing high-risk gambling merchants. To discuss your payment management needs with one of our expert advisors. High-risk businesses are typically those that are new, have a history of credit problems, or operate in an industry that is considered. credit/debit cards and cash management. In 2021, we launched a new roadmap. It is vital to make sure all other aspects of your business are beyond reproach. 9% plus 30 cents per transaction. Avoiding fraud. Secure, reliable, AML complied. Mobile App Based Games. Home. The Gemeinsamen Glücksspielbehörde der Länder or GGL, was put in charge of licensing interested operators. GBO specializes in helping online gambling and crypto services companies to open bank accounts in Europe – both B2B and C2B. With an emphasis on personal attention and customized solutions for “bricks-and-clicks” companies (i. • 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. PaymentCloud: Best for software integrations. 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. Estimates suggest that cloud gaming services will cause annual electricity use to rise by 40% to 60% for desktops, 120% to 300% for laptops, 30% to 200% for consoles, and 130% to 260% for streaming devices. 9% to as much as 3. If you opt to use Square for online sales, you can expect to pay a higher rate of 2. Their in-depth understanding of gamers and a professional team with solid tech and product focus have allowed them to. 15% + $0. Shopify: Best For eCommerce Businesses. Apply to Customer Service Representative, Account Executive, Customer Care Manager and more!Launched in 2012, Clover is a cloud-based POS system and merchant service provider that offers in-store and online payment processing technology. The company has a positive reputation for transparent customer service and reliable support. In-person payments cost the merchant a fee of 2. We’re here to support and guide you through the process of applying for an online gambling licence and help you to establish your business in the Isle of Man. 9 Month Maternity Contract. Slot Machines. He is responsible for security design and architecture, standards, vulnerability management and security operations for the end. 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. The online lottery software providers offer full online lotto white label solutions including online lotto software, analytics, risk, insurance and all the necessary tools that will assist you to focus on marketing your online lottery site and generate revenue. Customers provide their credit card info, and then the payment gateway passes the information between the selling business, the customer’s bank, and the seller’s bank, either approving or declining transactions along. What We Look For in the Best Merchant Services 1. Paytm First Games, a dynamic venture by Paytm, one of India's leading digital payment platforms, has taken the nation by storm with its captivating and rewarding gaming experience. 5% + $0. Concentrations of industries, geographic areas, or other factors. 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. This makes the POS systems used absolutely critical. High volume merchant accounts are usually offered to businesses with a turnover of over $100,000 and hundreds of small payments each day. 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. According to the recent update from 13. 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. Gambling & Gambling Merchant Account with payment gateway. Businesses that are considered high-risk by banks and payment gateways have to pay a higher processing fee. Demystifying business risk management. Improve customer satisfaction: Avoid placing an unnecessary hold on a customer’s payment card. 5. 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. Low-risk merchants have lower chances of fraud, money laundering, and other financial hazards that will cause them to lose money. Some merchants offer a set percentage off every day, while others may offer a discount on certain days of the week. Increase your revenue and never lose out on a sale again. A strong risk management system is necessary to meet the challenges of fraud and ensure customer protection. customer relationship management, accounting, human resources. 7 Payment Gateways with a Higher Appetite for High-Risk Merchants 1. Stricter terms A lot of standard merchant accounts have no contract. Each payment processor has specific criteria known as a credit policy, which dictates what types of business industries they are allowed to support. High-risk businesses can expect processing rates of 3. 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. 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. Most payment processors define a maximum chargeback rate—often 1%—that their merchants must stay. We aim to preserve the integrity of the payment system, which is why we work proactively and collaboratively with our customers to grow business while minimizing risk. Show Summary. No restrictions on cryptocurrency with a Curaçao license. eGaming Credit Card Merchant Accounts Need A Gaming Merchant Account? We provide high risk merchant accounts with the services you need to successfully run your. 89% to 2%. That MCC regulates video game establishments and. Once a merchant account is terminated, your acquirer is required to add you to the MATCH List (sometimes called the “Terminated Merchant File”). Being MATCHed means you’ll be labeled as “high-risk. net payment gateway. Each merchant service provider received a rating based on over 50 data points. At its core, merchant fraud is a type of criminal activity in which an individual or group seeks to exploit the payment systems and processes that underpin the world of commerce, in order to steal from unsuspecting businesses and consumers. EPIC Risk Management is the world’s leading independent gambling harm minimization consultancy. 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. This is why,. Some merchant banks will be reluctant to open an account for your company as gaming sites are considered high risk. . Before onboarding merchants, all payment providers are responsible for conducting due diligence on those merchants to verify their identities and to guard against fraudulent or criminal activity. Key Points. There is a balance to be found between fraud prevention and payment optimization, and merchants agree that customer experience and revenue protection are the priority. Video gaming industry has a 14. 08 per in-person transaction & int. Computrad are the leading. . comAs the name implies, the Visa Fraud Monitoring Program, or VFMP, is a merchant monitoring initiative administered by Visa. 3. 2- Identity Checks and Due Diligence. ” 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. GBO is one of the leading company formation agent in IFZA . High-Risk Merchant Accountsmeans less management required and a lower risk of failure. The process is easy, so you can focus on more important things. Mobile gaming is a magnet for fraud—true fraud as well as “friendly fraud” chargebacks. Stripe. Content of this guide applies to traditional “pull” payments,. There are three main causes banks and processors are concerned about chargebacks from travel merchants. API-driven platform reduces time-consuming manual processes. This means they must apply for a high-risk merchant account. 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. 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. The MMS tool will enable the Company to undertake necessary risk- assessment and KYC process of merchants (including Ultimate Beneficial Owner). I am driven by the mission of preserving the trust and. The definition of “high-risk” is that there might be loss of money, chances of money laundering, users’ data theft, etc. Businesses change – moving into different industries, taking on new staff, partnering with new clients – and each change exposes their PayFacs to different risks and vulnerabilities. They have had to use either direct providers, horizontal industry gateways that have been open to serving high-risk merchants and high-risk specific gateways (e. We only work with the best lottery platform providers! eGaming and social gaming are rapidly expanding, and it is now more than ever, a global business requiring customized merchant accounts. Practicing ongoing merchant acquiring risk monitoring is critical to avoiding financial liabilities and ensuring they treat merchants according to their appropriate risk level. When awarding a merchant account, financial institutions categorize businesses into two types, the low-risk and the high-risk. As of yesterday, Egaming offers 15 deals in total on their website - 2 discount codes and 13 sales. Moonlight Payments Overview. We offer support to companies who need an online gaming merchant account for a sustainable business. Seamlessly integrate payment methods to connect cards and digital wallets. American Express considers a business more likely to have a high chargeback ratio to be a “high-risk merchant. The latter is especially crucial, as data from Chargebacks911 states a single chargeback will cost merchants $190. Thanks to merchant services, you can process credit cards, debit cards, contactless payments, ACH payments, mobile payments, gift cards, store credit. Opening business bank accounts. GBO’s package, last update 20. APPLY NOW. One of the newest and most well-liked free zones in Dubai is the International Free Zone Authority (IFZA), and at GBO, we specialize in assisting businesses in doing so. This company specializes in opening high-risk merchant accounts. Get a Free Consultation about. Offer high performance, diverse, and local payment methods to increase sales. The merchants give. But high-risk merchants won't get that. Our industry-leading payment solutions include mobile-initiated transactions, and real-time analytics to help you take your business to the next level. The county of Anne Arundel, Maryland (the client) hired GWRA to conduct a risk assessment of Odenton, Maryland (a community within the Anne Arundel County), with a focus on business operations within the municipality. There is also a danger of investing money and also of transacting money. Payment processors pose greater money laundering and fraud risk if they do not have an effective means of verifying their merchant clients' identities and business practices. For this reason, effective management of chargebacks & fraud is important for all travel merchants. Visa uses the VDMP as a way to audit merchant outlets, identify any business generating an excessive number of disputes, and take action to address the situation. Marsh's risk management specialists understand that the ebb and flow of business can be just as unpredictable as any roulette wheel. The hosting provider needs to offer DDoS attack protection and anti-virus scans, which is of the utmost importance. Octro. eMerchant Authority’s Online Gaming Merchant Options. The guide contains risk management information aimed to assist those new to the payment system as well as seasoned organizations. Search. and LexisNexis Risk Solutions. Payment processing fees: 2% to 3. + 0. June 2023: New eCommerce acquiring. Square. An EMI service is a great. 5) How High Risk Merchant Accounts are Managed. 6% plus 10 cents per transaction. • Business Management: In charge of. 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. 5% plus 10¢ per transaction. 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. Merchants that present a financial risk to the payment processor are assigned a high-risk MCC. But high-risk merchants won't get that. Friendly fraud is now reportedly the #1 fraud attack source that merchants have to deal with. Chargebacks911 is the payment industry leader in chargeback management, comprehensive fraud mitigation, risk management, and loss prevention, serving card-not- present merchants, banking. Best High Risk Forex Merchant Accounts. 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. Here, we break down the difference between iGaming and eGaming, and discuss payment options for online gaming companies. Effective 1 May 2023, Visa will introduce the Visa Integrity Risk Program (VIRP) to replace the Global Brand Protection Program (GBPP). Your high-risk merchant account provider should offer personalized features to your business to best address the various obstacles that you encounter. 10 minutes. Overview. If a merchant operates in an industry with historically high rates of fraud or customer disputes, or if the products or services they sell are subject to extended time limits for filing chargebacks, they're likely to be categorized as high risk. Inquire for terminated merchants. +97235104257 +972-504938469. KIS Payments: Best For Cash Discounting. 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. Curacao Sub-licenses are to be renewed until the beginning of 2024. Compare the top merchant account providers and see which one could be best or your business. myRegistry myRegistry. (2) However, these companies find credit card processing services to be crucial to their. Bankruptcy. Online gaming merchant account solutions here. Choose Payment Methods and Systems for. Chargebacks911, 2022 Chargebacks Costs. Visit the merchant’s website and document what type of merchant it is at a granular level to set a. There are a variety of ways to run an online gaming business. Prior to executing the merchant agreement, the Acquirer submits an inquiry to the MATCH API that includes information on a merchant and the associated principal owner (s) Step 2. Although obtaining such an account can be difficult and has disadvantages, it can provide a lifeline for such businesses. Hamburg und Umgebung, Deutschland. High volume merchant accounts are usually offered to businesses with a turnover of over $100,000 and hundreds of small payments each day. Specific airlines, air carriers. 2. most impactful to today’s e-commerce merchant. Leap Payments Helps Overcome the Obstacles. 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. The vulnerability of casinos was recognised in the revision of the FATF 40 Recommendations, with obligations on casinos being significantly enhanced. 25 for keyed/online transactions. Home users often use firewalls to help protect their computers. Show Summary. A high risk merchant account is a certain type of business bank account assigned to those merchants who present a degree of risk associated with their business. Service providers and gaming websites depend on the easy management of funds transfer from their. 7. Chargebacks911: Best for. We examine the updated requirements for acquirers and their agents in respect of high-risk merchants. Higher payment processing fees. The Problems For High-Risk Merchants. Ongoing monitoring is a win-win-win. ETtech. QuadraPay is a leading payment processing solutions provider, offering a wide range of services in association with our partners. The total cost can be influenced by several factors, including advisory fees, which depend on the. Registry. There are a. $15 monthly fee ($12 for nonprofits) Interchange + 0. Skill gaming merchants should aim to secure an MCC7994 code. This solution includes hosted payment pages; one-time, subscription, and one-click billing solutions; risk management; affiliate tools, and end-user customer support. 7 . The level an organization is delegated to varies according to: The number of credit card transactions processed every year, andIn 2023, the gaming industry will have experienced expansion, change, and some noteworthy trends. Instead, PaymentCloud partners with numerous banks and processors to maximize your odds for initial approval and ongoing account stability. 2 Service Provider Risk Management Program. 13. Because of the lack of physical buyer-seller interaction, all online merchants are usually regarded as high-risk. 11. Security, Fraud Prevention and Risk Management Framework. The player who plays is also aware of this risk and so is the merchant who is providing a platform. We take Visa’s Global Brand Protection Program very seriously and we can also work with you if you fall under one of their High-Brand Risk Merchant Categories. Inquire for terminated merchants. Verifi: Best for merchants that take Visa (also works with other chargeback apps) ClearSale: Best for reducing false declines. 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. American Express considers a business more likely to have a high chargeback ratio to be a “high-risk merchant. Level up on payments with ECOMMPAY's online gaming processing solutions. Support free trial. A subsidiary of Visa, Authorize. DigiPay’s expanded network of banking relationships processes payments for the gaming industry at competitive rates, terms and conditions. For instance, a gaming license from Curacao typically ranges between 20,000 to 25,000 Euros, while a license from Kahnawake may cost around 50,000 USD. The flow of payments in a gaming business is totally dependent on the degree of digitization that has overtaken the internet service sector over the past decade, and has been radically affected by the impact of the COVID-19 pandemic. Typically, the RNG can be. Month-to-month billing and excellent customer support are also preferred. The Visa Dispute Monitoring Program, or VDMP, gives Visa a way to keep tabs on chargeback activity at the merchant level. Relying solely on the merchant’s MCC or SIC code can be risky, as a plethora of high-risk services fall under MCC 8999 “Professional Services”, for example. By now, you probably know your business is classified as high-risk. Welcome to my LinkedIn profile! I am a results-driven sales leader with a proven track record of success spanning over a decade. 6% – 2. 1% for low-risk transactions. Square. A High-Risk Merchant Account is a digital account for high-risk merchants that keep track of all transactions. You will probably pay at least $25/month to maintain your high-risk merchant. MCC Codes. Dharma Merchant Services. 95%. The market value is anticipated to reach $296. Winchester, Virginia, United States. Service providers and gaming websites depend on the easy management of funds transfer from their. 2. A gaming merchant account is interpreted as a high-risk account for many reasons: The turnover rate at your business may be too high. 3. A merchant account is a type of business bank account that allows businesses to process electronic payments such as debit and credit cards. Last update 8. 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 casino and gaming merchant accounts from Leap Payments are available for companies in the following industries: Digital Games. Of course, the level of risk will vary with the type of goods or. The Curaçao eGaming’s main characteristics are as follows: For all forms of. However, most merchants find that outsourced chargeback management is more cost-effective, produces better results, and offers. This allowed companies like Stripe — one of the first PayFacs — to quickly underwrite and onboard new merchants. This pricing is very good in the high-risk. Average Chargeback Ratio: 0. Our payment processing solutions cover in excess of 40+ acquirers and processors and over 240 Direct Alternative Payment method integrations. When looking for a merchant account for your gambling business, save time by seeking out companies that explicitly support gambling. Can I Get A Senior Discount At Egaming? Many merchants offer senior discounts as a way to promote customer loyalty and attract older shoppers. With Instabill, that’s a thing of the past. The high-value transactions and advance bookings common in travel also contribute to a higher risk of chargebacks. If there is a slight balance here and there then the game is over. With the High Brand Risk Chargeback Monitoring Program, there are not a notification or workout period. With digital wallets (funded via a card or bank account) now. Risks are heightened when the. Each merchant on the list receives a numerical code that indicates the reason for them being on it. The acquirer routes the information to the customer’s issuing bank. 122 Appendix A: Omitted. PayKings is leading the industry of payment processing, especially for high risk merchants. eMerchant Authority is the leader in payment processing for high-risk merchants. and many more. Gaming and gambling are often categorized as high risk businesses. PaymentCloud – Surcharging. 1. Chargeback management fees; The Volume Capabilities. The High-risk Experience. Level up on payments with ECOMMPAY's online gaming processing solutions. 805. Moreover, NMI processes billions of dollars in payments yearly, making it one of the most significant gateways worldwide. For information on our high risk merchant accounts, call us toll-free at 1-800-318-2713 or contact us online today. With the sharp rise in e-gaming popularity, Instabill can offer online gaming merchant account solutions – domestic and offshore – with competitive. At American Express, our ESG mission is to back people and businesses to thrive and create equitable, resilient, and sustainable communities globally. Flexible payment solutions for Online Gaming industry. High-risk payment gateways: Payment gateways are tools that facilitate credit card transactions. EY Sustainability. 9% + 30¢ online. Example One:The risk for the merchant acquirer arises where the merchant becomes insolvent between the date of the transaction and the date of the chargeback and is unable to reimburse the merchant acquirer. Table Games and Poker. Does. 1 Onboarding Platforms:Like most high-risk merchant account providers, PaymentCloud does not disclose pricing information online. 3% to 2. One of the pieces of this puzzle involves checking the details known about the merchant against databases with entities the payment provider should avoid. 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. National Processing: Best for Small Businesses 6. Read on for everything you need to know about high-risk processing. services (often referred to as “ high risk A merchant that is considered a high risk based upon the credit, product, method, ticket size or volume. In fact, game servers are at the greatest risk for a DDoS attack compared to other hosting types. But a merchant forgets that for such a risk the claimant must also be strong. But companies like PaymentCloud can help you find competitive processing rates. Chargeback fraud: iGaming sites often act as e-wallets, where players can deposit funds using credit cards. Increase customer acceptance rates, identify problem gamblers and prevent bonus abuse with multi-channel solutions for fraud and risk management, player authentication, payments and automation. Electronics & Media is the largest market segment in Europe accounting for 27% of eCommerce sales. Mastercard Payment Gateway Services (MPGS) provides advanced payment processing and fraud prevention technology to merchants, technology partners and acquirers across the globe. To meet their needs and make the company formation procedure as seamless as possible, they work directly with clients. 49%. Step 1. • Receive Credit Card Dispute inquiries from members and provide guidance regarding existing. It will typically allow payments to be made via credit and debit card. Our team of experts are ready to update you with the likely costs – please contact us. Modern, cloud-based stack. advocate and industry-leading provider of managed-risk merchant A business that accepts credit cards for goods or services. 11 per online transaction w/ discounts for nonprofits & high-volume businesses. 6% plus 10 cents, while the fee for a high-risk account might be 2. With over seven years of work experience in the retail industry, I am a passionate and skilled e-commerce fraud analyst at Inditex. We seek to mobilize our business to address pressing global challenges and deliver high impact initiatives to serve our colleagues, customers, and communities. This APG/FATF report considers vulnerabilities from gaps in. This is a running log of merchants whose accounts have been closed by an acquirer and processor. Mony Zenou, Founder, President, and CEO of Dejavoo Systems joins the show to discuss the power of cloud based POS offerings, and. 20% + $0. Either one can result in serious consequences for merchants who fail to quickly correct course after being enrolled. However, the term merchant services can also encompass the behind-the-scenes process by which a business. 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. Durango Merchant Services is one of the oldest and best high-risk merchant service providers. 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. The risk management process serves as a communication tool for senior management and the board when evaluating whether management actions are consistent with board strategic objectives. Show Summary. American Express & High-Risk Merchants. They accept 160 major currencies and most major credit cards. 1. As a PayFac, Segpay handles the sub-merchant onboarding and provides a fully managed payment processing solution. The best high risk merchant processors like EMB make business ventures hassle-free for everyone. Categories: Forex. Merchants, Agents and ISOs -Bitcoins - eGaming - High-Risk. Some higher-risk merchants routinely use third parties to process their transactions because they do not have a direct bank relationship. Low yearly maintenance. CDGcommerce: Best for an eCommerce/MOTO specialist. Still, most competitors do not accept high-risk merchants at all. The Pros.