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. In order to get and maintain good standing with your service provider, you must meet. The global gambling market is worth billions of dollars, and with the rise of online gambling, the industry has become even more vulnerable to. Four individuals have been charged in the District of Massachusetts with conspiring to deceive banks and credit card companies into processing more than $150 million in credit and debit card payments on behalf of merchants involved in prohibited and high-risk businesses, including online gambling, debt collection, debt reduction,. Getting the best high-risk merchant account is the most significant requirement for your business to start taking online payments. 30, 2011, 22:45), FDICHOGR00002079. High Risk Merchant Accounts are usually considered high risk due to the business or industry type or being located outside of the 50 United States. Stax: Best for avoiding transaction fees. SCCG Management, a recognized leader with over 30+ years of expertise in the gambling industry, has announced a strategic partnership with Signature Payments. Managing a gambling account is very important, as it involves transactions of huge sums every day. Processes less than $20,000 monthly. These fees are quite high compared to some other providers, but you can be approved for your merchant account in around 48 hours. A high-risk merchant is a label given to a business by a payment processor. Fraudsters use other people’s cards, which may work but incur chargeback fees. Discount Rates. 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. Current legal and regulatory landscape. Skill gaming merchants should aim to secure an MCC7994 code. Permit you to conduct business in both regulated and unregulated sectors. It would be best if you didn’t. Instabill: It supports many high-risk businesses except those that. There some key differences in how payment processors treat high-risk and low-risk merchants to think about before diving into a potentially high-risk industry – Higher payment processing fees: The payment processing company charges a processing fee for each transaction over and above the interchange. Continuously establishing the context, identifying, analysing, evaluating and treating risks are the fundaments of risk management. With the High Brand Risk Chargeback Monitoring Program, there are not a. 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. PayKings (Merchant Payments Acceptance Corp LLC) is your powerful partner in global transaction Low, Medium, and High Risk Merchant Accounts processing. With the strengths in placing high-risk businesses, this PaymentCloud brought the high-risk merchants a lot of benefits such as a network of third-party processors. For example, ecommerce brands can expect to pay 4% per transaction while dating sites are looking at 6% and IT support 10%. This is up from #5 in 2019. Online gambling is particularly susceptible to fraud. Risk management decisions are paramount and usually prevail over other considerations. By 2023, the average cost of a single chargeback is expected to be $190, based on a $90 average transaction value. Positive future business projections. Not all merchants are created equal. The definition of “high-risk” is that there might be loss of money, chances of money laundering, users’ data theft, etc. As long as your business has a monthly processing volume of at least $50,000 per month, we can help you get. Task 1: complete the quick quiz. Some customers might join your gaming service or website for a bit and then leave. By Anna Zotova, Chief Risk Officer, xpate. It’s great for pop-up shops and food. Our goal is to turn a cumbersome and complex process into one that’s speedy, simple, and hands-free for merchants. What we need to do is look at ways to manage this risk rather than remove it entirely. Especially acquirers with many high-risk merchants in their portfolio have to implement a solid monitoring framework. A subsidiary of Visa, Authorize. The changes are going to force merchants, particularly those in high risk industries, to re-think their chargeback strategies. Best terms. The company focuses on providing tailored solutions and features to satisfy businesses’ needs. The solution contains a catalogue of video games, financial aggregators, and casino management tools. High-Risk Merchants vs Low-Risk Merchants. G2 analysts have seen a recent increase in illegal gambling sites laundering their transactions. There are high risk merchant accounts and procedures that high risk businesses can employ in order to manage chargebacks. These types of accounts typically offer higher. Chargebacks can no longer be considered another cost of doing business, particularly for high risk merchants. 5% for high-risk merchants. 3. Based in Lindon, Utah, National Processing is a high risk merchant account provider that is capable of serving international gambling merchants. Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving high risk business types. The overall gambling industry is predicted to balloon to $525 billion in revenues by 2023. Major card brands categorize merchants using merchant category codes (MCCs), and payment service providers must ensure that their merchants are accurately coded. Merchant management. Online gambling. Bogus “gadget” websites are putting merchant acquirers at risk for card network fines and assessments. If your business fits into any of these categories, you’re primed to start working with Dharma. Non-compliance with Visa Global Acquirer Risk Standards Questionable Agents 4. 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. MCC 6211. Also, if you do business in the EU. High-risk merchant accounts are payment processing accounts geared to businesses operating in high-risk industries and more prone to chargebacks, fraud, regulatory hurdles, and legal issues. High-risk merchant category refers to the industries or types of businesses considered to have a higher level of risk by financial institutions, payment processors, and acquiring banks. Tier 1. Gambling marketing influences gambling perceptions and interpretations of gambling and minimizes the risks. ” 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. Acquiring gambling merchants is not something any acquirer can dabble with in the corner of their portfolio. The latter helps you to better identify the chargebacks. This includes CBD and Kratom businesses. It is not about rolling the dice. Online transactions are the foundation of every online business. Security is the priority for any retailer. Online Payments, A high-risk merchant account is a payment processing account for businesses with an increased risk of chargebacks. Learn about online gaming merchant accounts, top high risk payment processors, and expert tips to keep your igaming business running smoothly. net is a payment gateway company that provides payment processing options for businesses, especially small and independently-owned businesses. A unique license is used to randomize the play, which leads to provably fair. This allows payment processors to take on risk but have a mechanism in place to prevent financial loss. The reason is that these companies get. Thus, a gambling merchant account is a type of account that provides merchants services specifically to companies within the said industry. ECS Payments can. 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. 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. It is a crucial element to both plots throughout the play since. Gaming Industry Merchant Services. Merchants coded under MCC 6211 must:Excluded merchant types (but ay b e sig n d under direct acquiring greements): Internet pharmacies, ter t harmacy referral ites, an outbound telemarketers. Acquiring online gambling. Every transaction is encrypted and easily monitored, whether your customers are making a trade among themselves or making a purchase. High Risk Pay has got you covered. If a company has high potential of chargebacks, or historically many chargebacks and refunds, the. 1. Specialized Risk Management Tools. When you begin your payment processing with us,. The purpose of this paper is to examine crisis management practices among gambling-related hospitality business stakeholders (GBSs) during the coronavirus disease 2019 (COVID-19) pandemic. Host Merchant Services: Best for Interchange-Plus Pricing. An online gambling merchant account is specifically used for vendors that operate in the high-risk industry of gambling. According to the report, 70 percent of online gambling transactions were made with a mobile device. Fraudsters use other people’s cards, which may work but incur chargeback fees. A #gambling_merchant_account is a type of account that caters specifically to businesses operating within the online gambling industry. High-Integrity Risk Merchant Tier. We are not blowing our own trumpet but revealing to you the truth that WebPays is what you all need. . Most of the eCommerce websites have a merchant account to take care of the payments which are processed through. High-integrity Risk Financial Trading Platforms (card-absent) MCC 5966. These tools can include enhanced security measures, real-time transaction monitoring, and fraud detection systems. Shakespeare was always using the word risk in his plays – true or false. As a result, merchants can skyrocket their sales. A merchant is considered high-risk from the viewpoint of a credit card payment processor or acquiring bank. In the end, consumers in the United States would be better protected than they are now. Sales via Visa and Mastercard still lead the way for online gambling purchases, particularly in Europe. Onboarding. E-gaming companies operating an online casino need a merchant account in order to accept payments from their players. A high-risk merchant account is a type of account designed for businesses that have a higher risk of fraud or chargebacks than other businesses. A similar scheme involves merchants who want to engage in “high risk” activity, such as online gambling, but don’t want to pay the higher fees charged to high-risk merchant category codes. Since gambling is an international business, it is vital for merchants to be able to accept payments in the local currencies using local payment methods not to lose clientele. Merchant Category Codes (MCCs) are issued by credit card companies to indicate what goods or services a business offers. S. Supreme Court, that will allow intrastate sports betting in the U. Additionally, a business owner who has bad credit, an unsatisfactory credit card processing history, low cash flow levels or higher sales volumes may be viewed as a high. you can look for a merchant service provider that allows high-risk merchants, but expect to. Be more expensive than the high street rates you may have been advised on. 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. To get a high-risk merchant account, you need to go through several stages: 1. One of the benefits of a high-risk merchant account is that your payment gateway can offer many payment options. GOVERNMENT LICENSED CASINOS ONLINE GAMBLING: 7802: GOVERNMENT LICENSED HORSE/DOG RACING: 7833: EXPRESS PAYMENT SERVICES - MOTION PICTURE. A comprehensive 360-degree dispute and chargeback management solutions for merchants and payment processors. 6. ResearchAndMarkets report. Stripe. National Processing. Risk Controls. Encryption Support Organizations (ESO) Performs cryptographic key management services to support clients' ATM programs or to deploy Merchant Category Code. Gambling enforcement activities are essential to maintaining the integrity of gambling in B. However, that processing fee can inflate to well over 1. Step 2: Submit the required documentation. Average card transaction is below $500. Higher set-up fees: High risk comes at a price and the price is that you pay more in setup fees. . 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. Buy a casino. To discuss your payment management needs with one of our expert advisors. The industries that possess this account are Adult Industry, Travel, Forex trading business, Multilevel Marketing business. The company’s products and services for gambling businesses include multiple currency support, offshore banking partners, an online payment gateway, shopping cart integration, and fraud protection. This will ultimately make it harder for a merchant to apply for a high risk merchant account, given their negative credit history. This program applies to all high-risk merchants that meet or exceed specified chargeback thresholds. Source of funds (SoF) verification. High-risk merchant category refers to the industries or types of businesses considered to have a higher level of risk by financial institutions, payment processors, and acquiring banks. The Problems For High-Risk Merchants. Merchants may be rejected based on the nature of bookings. Authorize. Easy Pay Direct: Best for Scaling High-Risk Businesses. Demystifying business risk management. 30 per transaction. 9% +0. , online casinos, sportsbooks, and lottery providers). 7995 or 7999. Account funding, stored-value card purchases, and prepaid loans (non-financial institution) 6540. There is no standard definition of what is “higher risk” but some business categories which typically fall into that classification are online gambling, tobacco. 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. In these additional terms regarding Gaming and Gambling Services, the following capitalised terms. They then monitor those businesses via a four-digit Merchant Category Code (MCC). As e-gaming operations are considered high risk they are often rejected by banks and instead owners have to work with a high risk payment processor that is familiar with the gaming industry and already provides gaming merchant services. 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. Hence, its functioning is a little bit different from the usual low-risk merchant accounts. If your business sells expensive, high-ticket items, you are most likely in the high-risk category. We extend credit card processing and online payment services to Nashville businesses categorized as “high-risk merchants. High-risk merchants generally operate in areas with a high risk of chargebacks and legal attention, such as online gaming, the adult industry, travel services, debt collection, medicines, gambling,. The overall online gambling industry is predicted to balloon to $525 billion in revenues by 2023. Discover the power of Riskdefy. Also, if you do business in the EU. 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. You need to have a way of accepting credit card payments in real-time from your customers all over the world. 5. 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. Online casinos, poker and betting machines are considered particularly risky and complex by credit card processors and as. Lottery, betting and gambling. It aims to make merchant risk management efficient and beneficial to any industry. Businesses that are considered high-risk by banks and payment gateways have to pay a higher processing fee. A high-risk merchant is one considered by card networks and their designates (payment gateways, Payment Service Providers ( PSPs) and so forth) to be less safe than their normal clientele. Plus, you’ll never be charged a setup fee or application fee. Risk management in gambling can prevent unbudgeted expenses and the loss of reputation, fight against cyber-attacks and money laundering. 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. Particular features that make this form of speculation unique include its 24-hour availability, long-form nature, the extreme volatility of outcomes, and the strong influence of sentiment and social influence. You can load balancing by diverting. Good chargeback management and anti-fraud systems – If your business is considered high-risk, chargebacks will be one of the main concerns that acquiring banks and card processors will have. 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. Majority of card processing providers consider it as high risk industry due to certain reasons. Use of Stripe's services for any dealings, engagement, or sale of goods/services linked directly or indirectly with jurisdictions Stripe has deemed high risk, such as Cuba, Iran, North Korea, Syria, and the Crimea, Donetsk, and Luhansk Regions, or persons Stripe has deemed high risk, such as those individuals or entities named to a. A high-risk designation arises due to certain circumstances that affect a business, not necessarily the type of business it is. Merchant Category Codes (MCCs) are issued by credit card companies to indicate what goods or services a business offers. If you own a business, you understand the value of having a dependable payment processing solution. g. Industry is considered low risk e. Management of an Internet Gambling Merchant Accounts Online. How to open a high-risk merchant account: 8-step guide. How High-Risk Merchants Can Navigate the Compliance Maze. Further, it is prohibited to use Stripe’s products and. Below, we explore how a merchant account for online gambling and casinos differs from a regular merchant account and what makes online gambling high risk. If Stripe labeled you as a high-risk merchant, below are common reasons why: Offering digital. Know Your Third. It aims to make merchant risk management efficient and beneficial to any industry. 1. Some of them are:. 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. Especially considered to be video games played. In gambling, this also means that every play and stake is between you and the gamer alone, thanks to high-risk merchant accounts. 2. If your online business serves global customers. With specialization and years of experience in working with all types of high-risk merchants, we give you the best experience. There has been a sudden surge in alternate payment methods,. The clue is in the title – risk management. Some payment processors shun high-risk merchants, while others are more accommodating. 54 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11. An online gambling merchant account is specifically used for vendors that operate in the high-risk industry of gambling. PayKings | 1,049 followers on LinkedIn. Chargebacks911, 2022 Chargebacks Costs. : Best for low. However, there are specific ideas for categorizing both types of businesses as such. Risk and Compliance Monitor exposure and ensure compliance. This article provides an overview of high-risk merchant accounts and what it means to. August 6, 2021. 5122 – Drugs, Drug Proprietaries, and Druggist. With 50+ online rummy merchants and 70+ fantasy sports merchants…. The gaming business, also known as online gambling, has over the years become a crucial part of a well-organized and profitable gambling industry. Merchants that present a financial risk to the payment processor are assigned a high-risk MCC. EMB is a proven industry leader. Description. Skill gaming merchants should aim to secure an MCC7994 code. It can be very difficult to find the best gambling payment processor. High risk transaction fees for EU or UK businesses start from 2. Payment Gateways: Secure Solutions for Your Business. 2 Merchant Risk 10 Questionable or Unsound Business Practices. We understand the unique challenges of your business and can provide you with the right merchant account that will meet all your needs. Venmo. High Risk Merchants. Nor are the payment processors that serve them. Many gambling payment processors tend to charge unusual fees from the merchants coming from this particular industry. These companies include nutraceuticals, online dating services, travel agencies, etc. Managing High-Risk Merchants. Dealers and / or payment providers should always carry out a detailed fraud management. High-risk merchant accounts are payment processing accounts geared to businesses operating in high-risk industries and more prone to chargebacks, fraud, regulatory hurdles, and legal issues. They will help you prepare your application, explain the documentation needed, guide you through the approval process, and answer any questions you may have. Medium-risk merchants should invest in robust fraud prevention tools and employ strategies like customer authentication and proactive chargeback management. Our Custom Risk management solutions allow us to detect fraud at a very early stage, while applying a sophisticated risk assessment on all levels. 0 M+. . Best for businesses that want a wide variety of terminals and POS systems. We help companies who need to acquire an online gaming merchant account and run a sustainable business. The hardest part for online casinos is obtaining online gambling merchant accounts for credit card processing. 75%, and you’ll also pay around €950 in annual bank fees, a setup fee of €100, and a monthly fee of €20. As long as your business has a monthly processing volume of at least $50,000 per month, we can help you get. With an emphasis on personal attention and customized solutions for “bricks-and-clicks” companies (i. The new rules signify Visa is being less tolerant. A high-risk merchant processor that is familiar with your business type is the one you will want to work with. Starting on October 17, 2020, Visa is expanding the categories of merchants they're identifying as High-Brand Risk (HBR). 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. A high-risk merchant account is an agreement between a merchant and a bank. 2. Apply here to set. CCBill. Through multi-acquiring, our goal is to have your business approved with best terms possible. Gspay. High-risk merchant accounts attract more stringent conditionalities than regular merchant accounts and are more expensive to manage. The Pros. A high-risk merchant account is a label your payment processor has given your business. Signature Payments provides merchant accounts for a broad range of casino and gambling businesses. 5 steps to managing high-risk gambling merchants. At SeamlessChex, we provide solutions that help your business get back on track. Large Average Ticket Size. Pick it when on the lookout for a high-risk merchant account. Payments Processors consider gambling merchant accounts to be high risk for a few reasons, including age restrictions, diverse global laws, high-volume turnover, higher-than-typical chargebacks, money laundering and fraud. It acts as legal permission to accept credit card payments online. Durango Merchant Services: Best for highest-risk businesses. Why is my business considered high-risk? 8. Soar Payments prides itself on exceptional customer service (Soar Payments agents are actually available on the phone to discuss. Likely to have a rolling reserve attached to it. . Dharma’s monthly fee is $20 per month. Acquirers and PSPs should regularly compare merchants’ current behaviors with their initial expectations during the onboarding stage to ensure they still align. Banks have outsourced the high-cost customer and merchant acquisition to payment service providers and facilitators, who do not have the same degree of risk management and monitoring capabilities d. g. You can also contact us online. Christian: Ongoing monitoring is required by regulatory authorities and credit card organisations as part of enhanced due diligence for certain merchant types. MCC. A merchant is considered high-risk from the viewpoint of a credit card payment processor or acquiring bank. 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. We run through the major UK high street banks and outline what services they provide to their at-risk customers. services (often. Average transaction of less than $500. Credit card processors E-commerce High Risk Business High Risk Business Merchant High Risk Merchants Merchant Account Merchant Services. A framework for prudently managing relationships with third-party payment processors was communicated in the FDIC’s 2008 Guidance on Payment Processor Relationships. 5 steps to managing high-risk gambling merchants. Durango Merchant Services is one of the oldest and best high-risk merchant service providers. EMB also helps many high-risk and new merchants who were rejected by other processors. And of course, if a business is selling products or services known. It also allows accepting wires, E-wallet payments, crypto, debit cards, and international (local) payment methods of merchant's choice. Learn about laws, regulations, and policies governing gambling in British Columbia including those related to lotteries, gambling facilities, gambling industry workers and. This will allow you to continue doing business even in high-risk markets. The process is easy, so you can focus on more important things. We have the best chargeback management tools. Those serious about acquiring gambling merchants need to take it seriously. Our process is simple so you can focus on your business. Description. PayPal is especially strict with these services due to state regulations on gambling. It lets you take payments in a variety of international currencies. 4949 or get started here . With the strengths in placing high-risk businesses, this PaymentCloud brought the high-risk merchants a lot of benefits such as a network of third-party processors. People could always find things that are new and might be more interesting to them after a while. Adult entertainment. Click on the “account” buttons if you want to start filling out a free application. Losing money you’ve earned shouldn’t be the cost of doing business. If the. PayKings Provides Online Gaming Merchant Accounts. With Instabill, that’s a thing of the past. This refers to both pay ins and payouts. The processor will look for the funds in the merchant’s bank. net payment gateway. A merchant account for an online casino will enable you to accept payment from anywhere in the world. 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. Segpay works with high-risk merchants to. We are impressed by EveryMatrix’s gaming portfolio and its ability to integrate with our. Risk managers – sit up and take notice. (EMB), specialized in. “High-risk” merchant accounts cater to businesses that are typically considered more prone to financial risk by banks and payment processors, including. Chargebacks, especially fraudulent ones, have been becoming more frequent over the last five years, evidenced by two significant amendments Visa has made over the last three years. Each merchant service provider received a rating based on over 50 data points. com: It will not work with businesses that offer gambling, online tech support, prescription drugs, or cannabis seeds. Low risk. According to Statista, the global media and entertainment market is. Some customers might join your gaming. Note that the major payment card brands prohibit certain industries too. GBO offers assistance with finding and matching bank account for gambling business, payment processing solutions and merchant accounts specifically tailored for offshore gaming companies. Integration. When your business has been labeled a high-risk merchant account, you will almost always pay higher. The selection of merchants proposed for whitelisting is controlled by the Issuer; the Issuer will consider the industry type, the low risk of the merchant and also the purchasing history of the cardholder; for example, the Issuer may propose 10 merchants which a particular cardholder uses often and the Issuer may include merchants which. g. In today's competitive business landscape, offering customers multiple payment options is crucial. It will typically allow payments to be made via credit and debit card. Venmo is a great cash-swapping app, and you could even ask customers to use Venmo for payments. 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 payments revoked. 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. A gaming merchant account is interpreted as a high-risk account for many reasons: The turnover rate at your business may be too high. E-Gaming Merchant Accounts. A high-risk merchant account is a label your payment processor has given your business. 9% of total transactions. 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. Continuously establishing the context, identifying, analysing, evaluating and treating risks are the fundaments of risk management. EMB offers merchant account services with low fees, increased savings, and 24/7 customer support. Ongoing support & risk management every day through Whatsapp, Telegram & Skype. When selecting a high-risk merchant account for your online gambling business, there are several key factors to consider: Industry Expertise. 14 trillion by 2020 based on the findings and projections of…Gaming industry is considered special on top of being categorized as high-risk. Gambling disorder tends to run in families, which suggests a genetic link. 50% + $0. 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. There are several criteria to determine the risk level of a business: high transaction volume, international payment (geographic location. Phone: (877) 493-4622 1-877 493-4622. You can load balancing by diverting. Traditional banking solutions aren’t willing to take the risk. #1 PaymentCloud Strong Reputation For Fast Approvals. We aim to take the problem out of. Search for a provider with extensive experience serving the online gambling industry. 0 bn market size for 2023 and projected growth of 1. 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.