61 billion people worldwide purchased goods online in 2016. Therefore, it’s crucial to. And when the players win the reward, the gaming merchant sends the money to the players from this gaming merchant account only. PayKings is leading the industry of payment processing, especially for high risk merchants. Chargeback Alerts. The currency of your choice is delivered to your business. Higher fees: Due to the increased risk, banks and payment processors often charge higher fees for these accounts. Our high risk payment processing expertise can help your legal gaming business acquire merchant accounts and protect those accounts from excessive fraud using proprietary. With the gaming merchant account setup, your business will gain more profits as compared to regular profits, and will be beneficial when you serve people in your local area. Online Gambling Merchant Services. We deliver high risk merchant accounts and payment processing solutions that help business owners thrive. We serve almost all industries, including those that sell high-risk goods and services. High risk transactions refer to any financial activity that poses a greater degree of potential fraud or money laundering. The issue does not come with the search, but rather obtaining outside funding. Websites with Money Prizes: VISA. Social gaming. Have you heard about the huge scandal at Wells Fargo?Well, it’s huge – in fact, millions of fake accounts huge. Online Gaming Merchant Account. This account is offered by an acquirer, a bank that is ready to work with a high-risk company. With partnerships with more than 15 domestic acquiring banking partners, we are able to serve merchants in high risk industries as well as low risk, high volume, and low volume, and in-store or online. High-risk. Ultra-high-risk industries (like adult, firearms, and e-cigs) can even see higher rates. With a full application package, gaming merchants can start processing payments in as soon as 24 hours. Here, we will cover what makes a business high-risk and how a high-risk merchant account differs from a regular merchant account. When the ratios remain high, processors have no choice but to terminate their high-risk merchant accounts. Gambling clubs and Online gaming…The bank-to-bank transfers no chargeback payment platform was designed specifically for ecommerce businesses, particularly those classified as high risk merchants. Overdue payments and bills. Radiant Pay is a leading provider of payment processing solutions for online gaming in London. Credit card processing is a must for online businesses. Online Gaming is considered to be a high-risk business and needs a merchant account to fulfill your requirements. A lot of standard merchant accounts have no contract. High-risk businesses can expect processing rates of 3. You are your own boss and you can carry as few or as many clients as you want. Gaming payment processing refers to the methods and systems used to handle transactions related to online gaming. What Makes an Online Gaming Account High Risk? So, why is online gaming viewed by banks and other financial institutions as high risk? The two most common reasons that a company is labeled “high-risk business” are a high chargeback rate and a high frequency of fraud. As it is not too comfortable to get a merchant account for your online gaming business. There are two plans to choose from, one tailored to brick-and-mortar businesses and the other for ecommerce merchants. Now in the 21st Century, people play on their smartphones and the pay-to-play game has burst into existence. Credit Card Processing Services. Fantasy Sports is Considered a High-Risk Business While a fantasy merchant account is a necessity, many fantasy sports companies struggle to access payment processing. When a bank or financial institution rejects a merchant account application because the business is high risk, it is often due to a number of factors, including the industry, a history of bad credit or no credit, and a reputation for high volumes of chargebacks and refunds. Experience a secure and seamless gambling payment processing solution with PayFasto’s gambling merchant account. Many people find WooCommerce is the provider that best meets their business’s needs. With Instabill’s online gaming. High Risk Merchant Accounts. Our banking partnerships and network enable the online casino merchants to set up service with offshore and high risk merchant. High-risk merchant accounts are for businesses that have a high rate of a chargeback, legal issues, or other problems that increase the likelihood of nonpayment for products or services rendered. Everyone needs tech support from time to time. Account Se-up or Installation fee. There… Actual games and tables monitoring; High Risk. Businesses in high-risk industries, such as online gaming, adult entertainment, and nutraceuticals, may have difficulty obtaining domestic merchant accounts. On other side of that coin, standard banks do not underwrite these accounts. Travel Merchant Account. Because an online gaming merchant account permits gaming merchants to accept online payments quickly. Online world due to the fact that they typically use recurring payment methods. You can begin the process by just applying online now. It happened to be that, this account has become viral since the online gaming merchant has asked for the solution for payment p. 3. E-gaming companies operating an online casino need a merchant account in order to accept payments from their players. For this, the best option for small businesses is to look for outside funding. When someone needs help with funding online gaming accounts, Segpay gets the job done by delivering ultra-fast processing and unparalleled cybersecurity protection. Were you born to gamble? You know, always making bets. 000 euros. In most card-present or CP chargebacks, issuing banks bear the responsibility to repay cardholders. Depending on the needs of your online gaming merchant account provider, when creating an online gaming and casino merchant account, it is important that you have the following documents ready. A new study by Experian shows that this generation has an average of $111,121 per person. The tremendous popularity and easy accessibility of many gaming sites and apps increase the importance of merchant account for accepting international credit card payments. A payment processing platform may label you as high-risk for a variety of reasons. It often means tougher-than-usual terms and higher fees than low-risk accounts. 4949 or get started here . A competitive payment processing fee for a standard retail small-business account might be 2. A high-risk merchant account is an account that allows businesses to accept payments from customers who have a very high credit risk. The industry is constantly. To locate the best possible provider for your business, you must perform sufficient research and locate the best possible service for your needs. Casinos have been around for many years, but the rise of the internet changed the game for gaming fans all over the world. The reason for this is that many of the transactions that come from gamers have a higher chance of being fraudulent. A merchant account is a type of business bank account that allows you to safely process electronic payments like debit and credit cards both in-person and online. – Adult Magazines. It helps merchants to achieve their goals. Credit and debit cards are the next step in the development of the online gaming business. Because an online gaming merchant account permits gaming merchants to accept online payments quickly. High-risk businesses are no strangers to the unique challenges posed by the ever-evolving e-commerce landscape. Merchant Services; High Risk Merchant Accounts; POS System for Small Businesses; Mobile Credit Card Processing for Small Businesses; Industries; Net 30. Payment processing for online gaming merchants. Now look for High risk merchant account providers offering customized gaming merchant account solutions to take care of your credit card processing. In time, they will likely become more. National Processing. Majority of card processing providers consider it as high risk industry due to certain reasons. OFFICE HOURSThe E-cigarette has been shooting off the shelves. 2) Adult Entertainment Merchants. Including individual transactions and batch totals with comprehensive reporting tools. Durango Merchant Services: Best For Offshore Merchants. 20. Why are online gambling, online gaming, and online casinos considered a high risk merchant account? What makes gambling or an online casino a high-risk business type is that the entire industry it’s heavily regulated in general. To process credit card payments effectively and efficiently, businesses need to turn to Casino Merchant Service providers to obtain a casino and online gaming merchant account. Locate the account application form/page. com accounts is their high approval rates. The prevalence of credit card processing providers evaluates it as a high-risk industry because of. The bank then sends the information to the card issuer. This blog gives an example of how we set up a gaming merchant account service and the steps we took. Voted #1 high risk processor throughout the US, EMB offers unique payment processing services to its customers. EMB is voted the #1 high risk processor in the US and has an A+ rating with the BBB. The majority of online gambling sites are based offshore. Online Gaming Merchant Account is a high-risk account. We guide online casino businesses in establishing accounts. com offers for a High Risk UK Merchant Account. These are important to look out for before giving green light to online gaming merchant accounts. Our high-risk merchant account service is exactly what. Despite the status as a high-risk merchant account, it is possible to find a reliable and affordably priced payment processor for online gaming. Slideshow 11067011 by HighriskThe world of online gaming has witnessed an unprecedented surge in popularity, captivating a diverse global audience. These are themselves financially risky activities for the customers, and a portion of such risk is always carried by the business that provides said. Mobile App Based. Access 24/7 tech support for online gaming merchant accounts. Avoid Chargeback. Amald. They provide flexible pricing options, fraud prevention tools, and excellent customer support. Fees and Costs: Understand the fee. FYI – GBO is a premier payment solution provider for online casinos. The Subscription boxes are regarded as at high risk in the merchant account. Although the gaming industry may be considered high risk, you can still find a great credit card processing solution. Payment Gateways for Online Gaming. It makes banks classify them as high-risk, and you can learn more about the meaning and consequences of having a high-risk business in this article. It happened to be that, this account has become viral since the online gaming merchant has asked for the solution for payment processing. Sell across channels. Instabill’s high risk merchant accounts are established with offshore acquiring banks that are eager to work with dedicated, hard-working merchants. At eMerchantBroker. High Risk Merchant Account. Here’s a snapshot of adult industries that use specialized payment processing: – Adult Bookstores. 1% for low-risk transactions. Our high-risk merchant account service is exactly what. Unlike traditional processors, they are more willing to work with high-risk businesses. 4. Many card processing company and banks consider this as a high-risk. If you’re a merchant who is constantly on the go or lacks a brick and mortar location, a mobile card reader allows you to accept credit cards anywhere. If you are a business that needs a high-risk merchant account, then contact eMerchantBroker. Whenever a business exceeds a 2% chargeback ratio, credit card companies can fine the processor that provided the high-ticket merchant account. Begin your search for a collection agency merchant account at your bank. Easily accept payments from players. Although, all the gaming merchants are considered as high-risk still all of them can qualify for a gaming merchant account. Contact. An online high risk merchant account will help you to accept alternative payment methods, such as prepaid debit cards, e-check for high risk businesses, ACH, and crypto payments, which are not accepted by standard merchant account prpcessors. Online gambling also is known as the gaming industry in the merchant account service industry. To locate the best possible provider for your business, you must perform sufficient research and locate the best possible service for your needs. E-Gaming Merchant Accounts. Social gaming. Merchants can receive real-time alerts for all chargebacks lodged. Also to give the most successful transaction results. 5 Star Processing Offers Online Gaming Merchant Accounts. High Risk Solutions offers merchant accounts for social gaming. An online gaming merchant account has tremendous potential for online gamings, sports, and other skill games to maximize their benefit and guaranteed growth for the business. It is a personalized payment gateway that is fast and secure and offers all the services. sit in all of this? Despite being incredibly hesitant to embrace the. Extensive Banking Network. Many PSPs consider the same merchant services for every business type. Setup your Gateway Today! 1 2. Unfortunately I've never heard of this company before and couldn't find anything online. 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. Note that online gaming may be considered high risk due to the high volume turnover and the industry's background. However, this code is reserved for extremely high-risk merchant accounts associated with online casino operators, lottery outfits, and sportsbook wager companies. When your business has been labeled a high-risk merchant account, you will almost always pay higher. For example, the type of industry, the industry's reputation, the place of your business, a higher chargeback ratio, higher return volume & higher chances of fraud, high ticket items, and bad credit scores are a few grounds to consider a business high-risk. Dharma’s monthly fee is $20 per month. The digital gaming industry has a high volume turnover. A gaming merchant account is interpreted as a high-risk account for many reasons: The turnover rate at your business may be too high. All Online gaming merchant account, in general, is considered a high-risk business activity, but online gaming adds even more risk into the mix. Some of them are: • Gambling businesses generate high-volume turnover which increase the risk factor when an acquiring bank. They are annoying to merchants, and most of the time their fees come without warning. Massively multiplayer online gaming (MMO), which includes games that can be played by hundreds and sometimes, thousands of players at a time, generated $19. The valuation of active players also reached 2. For an instant merchant account quote, call us toll-free at 1-800-318-2713. Even though merchants also enjoy the same benefits as households when they use credit cards, a good majority are still. ECS Payments can provide you with the best payment solutions for an online casinos merchant account, covering all different types of online gaming payment processing including: Lottery. All they want is to avoid the risk. Bank-to-Bank Transfers. EMB offers merchants end-to-end services for all businesses, including high-risk businesses that offer nutraceuticals, gaming, telecom services, and more. Below is a list of the top 10 biggest high risk merchant account industries. World-class checkout. These industries are typically ones that have a higher-than-average rate of chargebacks, fraud, or other types of financial risk. This allows high risk businesses to accept credit card transactions and other types of online. Acceptance of all major Credit. You can begin the process by just applying online now. Connected. 06 trillion US dollars by 2020. According to a recent study, some 12. 3) Travel Merchants. Online Gaming Merchant Account helps gaming merchants to receive online payments in a simpler and faster way. Persistent, well connected, and socially active business owners manage to successfully connect with their customers and other businesses on a daily basis. Or check it out in the app stores Home; PopularThe two highest-risk accounts are online gaming and adult material. Reasons to Choose Karma Payment Solution for Online Gaming Merchant Account. However, if you comply with the requirements and provide the correct documentation, the chances of having your gaming merchant account approved is extremely high. 1) Brick-and-mortar businesses where the credit card is physically presented. Certain industries, such as online gaming,. WebPays is a full-stack payment processor and offers numerous payment solutions, such as merchant accounts, high-risk merchant. Merchant Accounts for gaming industries are what you need that makes you able to accept credit or debit card payments. What is this? An online gaming merchant account is a customized merchant service that helps in online money collection. Online gambling is popularly known as gaming in the merchant service industry. Integration with popular e-commerce platforms and shopping carts. Published on August 17, 2017. Merchant Account Services For The US. The prevalence of credit card processing providers evaluates it as a high-risk industry because of. The acquiring banks consider the casino industry as high-risk. 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. However, the sector’s influence extends far beyond dollars; it has shaped broader social, cultural, and business trends and established a path for companies to. So, if you need end-to-end services for a travel, gaming, or online dating, warranties, or credit repair, for instance, then contact EMB. Online gambling, adult entertainment, timeshare resale, and travel agencies are a few examples of high risk sectors that could be taken into account for high risk merchant accounts in Europe. But you may have been thinking that what it has to do with a gaming merchant. If you do not handle this issue on time, your gaming merchant account may even get rejected because acquirers also have to follow some rules. Scan this QR code to download the app now. Online Gaming Merchant Account to Drive You Through the Efficient Gaming Payment Transactions. Online gambling/gaming merchant accounts are very similar to fantasy sports merchant accounts because risk and skill are involved in both. A high-risk merchant account is a payment processing account for businesses considered high-risk by banks. These industries include the adult industry, online gaming, subscriptions, etc. 7 million Americans fell victim to identity fraud in 2014. Especially with the online gaming business, various small transactions get generated & often hit a higher percentage fee. High-risk merchant accounts are for businesses that have a high rate of a chargeback, legal issues, or other problems that increase the likelihood of nonpayment for products or services rendered. gaming merchant account. It can be a beneficial and essential step to take by gaming. So, with a true high risk payment expert like EMB, you can enjoy unmatched merchant processing services, including a merchant account for drop shipping. Whether you want to enable recurring or stand-alone sales, we got you covered! 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. The reason for this is that many of the transactions that come from gamers have a higher chance of being fraudulent. The type of business applying for a merchant account may determine the level of risk associated with that merchant account. Issuu Store. These types of merchants usually pay higher fees than average, but the benefits may outweigh the cost. These constraints pose difficulties to the ownership of a gaming merchant account. Thus, some countries or states may choose to ban the entire industry. The GBO team will be happy to assist you to open bank accounts to your gambling company. In this case, Online. But with us, you won’t need to be troubled. Our wide network of associates enables our merchant account experts to find you a personalized credit card processing solution. For the last two decades, internet marketing has been a profitable venture for tech savvy entrepreneurs. If you still have questions regarding what we can do for you, give us a call at 1-888-548-5649 so you can converse with one of our merchant account managers. For our high risk UK merchant accounts we offer: 24/7 Technical Support. High chargeback ratios. 6. Thus, here are five instances that make an online gaming merchant account high risk: The card and cardholder are not present. What Makes a Gambling Merchant Account High-Risk? Most banks consider gambling “high risk. Here, we will cover what makes a business high-risk and how a high-risk merchant account differs from a regular merchant account. Some of the high risk industries they have worked with include: tech support, gaming, e-cigarettes, adult entertainment, nutraceuticals, gambling, and airlines, among others. These industries include online gaming, adult entertainment, cryptocurrency. Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving high risk business types. Travel. This means that they will usually decline to provide a merchant account to gaming businesses, and if they do, the rates they charge will be higher. S. Dharma’s processing rate for high-risk businesses is interchange rate + 1. Gaming Industry Merchant Services. While some things about the business are common-sense, such as knowing the product, other are not. Rely on the Instabill team to get you a high. Majority of card processing providers consider it as high risk industry due to certain reasons. 1) Online payments where the purchase is made via the Internet and not at a physical store. If you have all the documents and meet all the requirements, the next step is to file your application. There are a few steps you can take to keep your gaming merchant account's chargeback ratio under 1%. A bail bond merchant account may be difficult to find. In fact, some industries are deemed unsafe altogether. And when it comes to industries like online gaming, gambling, forex trading, IPTV, adult entertainment, tobacco, and other high-risk industries, the preference rises to 84% for cross-border businesses. While online gambling is now highly regulated and organised, some financial institutions. A competitive payment processing fee for a standard retail small-business account might be 2. Contact us. Gaming players invest a massive amount of money; thus, gaming platforms are a promising option to steal a lot of money through credit cards. The majority of online gambling sites are based offshore. Our Social Gaming Merchant Account gives real-time authorization response and multi-currency. Adding secure bank transfers on your checkout page as an alternative payment method boosts profits by eliminating the risk of chargebacks. Each type has its benefits and limitations and can be an important part of a chargeback management system. 5% - 5%. Other times merchants wish for a bigger standing in their industry. Secure high-risk merchant accounts for online gaming and credit repair. Sometimes people are happy with their small business. Hillcrest Dr. Additionally, you will receive a detailed fee schedule for all your transactions. An online casino merchant account is a special type of account designed to cater to the payment processing needs of high-risk industries like online gambling and gaming. What to Look for in a High-Risk Merchant Services Account. com Home; About Us; Categories. Chargeback protection. EMB is also a reputable alternative online lender in the high risk field. There are several type of fees attached to accommodate to the financial loss from the Acquirers. The gaming industry is a fast-growing industry and has enormous potential growth shortly with the evolution of technology and so the gaming industry. com can help you get your business the proper credit card processing account. This account acts as a conduit, facilitating. According to a recent study, the online gaming market is projected to grow by $142. Digital gaming is unquestionably on the list. Get processing. 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. Our gateway partners like NMI and Authorize. It gives merchants a unique login with order tracking, sales management, inventory, and payments. Secure high-risk merchant accounts for online gaming and credit repair. US and international merchant accounts. Find reliable solutions for your business needs. Online gaming merchant. Including individual transactions and batch totals with comprehensive reporting tools. Merchants can get approved in as little as 24 hours. 1-800-621-4893. Getting an online gaming merchant account is not easy,. Nonetheless, we have a high endorsement rate for high risk merchants and offer. With an easy to manage payment gateway, merchants will have no trouble with gateway integration or function. Getting a regular online gaming merchant account is a difficult task due to the refusal of banks to co-operate with gaming merchants. Merchants trading in online gaming requires an online gaming merchant account. Our streamlined application process ensures quick approval, so you. This is because they often use stolen credit cards to make their purchases and the cardholder may not be aware of the purchase until it has. Visit the merchant account processor’s website. Adult payment processing is high-risk credit card processing so it comes with different fees and fee requirements which vary by service. In 2016, global e-retail sales accounted for 1. Our banks have liberal underwriting policies, which makes approving online gaming merchants possible. Every engagement on an online gaming merchant's website necessitates the use of a High-Risk Merchant Account. To process debit and credit card payments, these businesses require a specialized high-risk merchant account, acting as a protective shield against potential financial pitfalls. 1) Online Gaming Merchants. We’re offering an online gaming merchant account. Despite achieving unbelievable profits, weight loss supplement. Luckily, PayMystic’s expanded network of banking relationships accepts the eGaming and eSports category and provides competitive rates, terms and conditions. I recently got approved by Authorize. Apply for a high risk merchant account in Malta today. We offer point-of-sale systems and payment gateways that are fully integrated. Instead, companies that are specialists in managing high-risk merchant accounts are the right choice. Click on the “account” buttons if you want to start filling out a free application. You’re going to have to contact the bank or merchant account servicer that you had and find out what and why you have been placed on the list. Fraud is a big problem in America. 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. Unfortunately, fantasy gaming is an industry that is classified as ‘high risk’ by many banks and financial service providers. This will allow you to continue doing business even in high-risk markets. Compared to other business types the gaming business presents a higher risk to the underwriter and that is why this merchant business is called high risk by banks and merchant account providers. National Processing: Best For Clover Processing Hardware. At last, we also learn some benefits and drawbacks of using a high. 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. It is only via a high-risk merchant account that a merchant can process credit and debit card transactions online. The merchant account should also include a high. The industry is booming with so much growth and potential that it is expected to reach over 127 billion by 2027. In-gaming Restrictions. Grow your business online. Bonus abuse is a more basic scam closely linked to multiple account fraud. Laws differ between countries and states regarding what is legal in iGaming, but they are difficult to enforce due to the nature of the online environment. Alipay. We…With the proliferation of high-risk verticals entering the marketing place, more merchant account providers have opened their doors to serve the needs of the growing number of high-risk merchants. is the top service provider for merchants having high-risk businesses. 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. Nutraceuticals are tricky businesses to find merchant accounts for due to lack of health regularization by the government. The online gaming industry is considered high risk because of its high average chargeback ratios (friendly fraud is rampant), legal gray areas (when gaming meets. 3) Industry is considered low-risk, such as retail. Luckily, PayMystic’s expanded network of banking relationships accepts the eGaming and eSports category and provides competitive rates, terms and conditions. Retail. 3% to 3. There is a range of rules and regulations surrounding gambling and online gaming businesses. The reasons are as follows: Online gambling businesses feature a high-volume turnover; Most gaming businesses are based offshoreA: A casino merchant account enables online casinos to accept various payment methods, including credit and debit cards, e-wallets, bank transfers, cryptocurrencies, and prepaid cards. Firstly, it is essential to choose a reputable payment processor with expertise in the high-risk industry. Online Casinos. Traditional banking solutions are often unwilling to take on the risks associated with these industries, which is why specialized merchant accounts are necessary. But there are some surprising businesses that fall into the high-risk category. In addition, fraud losses are said to have fallen from $18 billion to. Connected. 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. Authorize. Online gambling has become an uncontrollably profitable segment of the betting business. CNP, or card not present, fraud is still possible with EMV cards, and it is quickly becoming a hacker’s new way of getting. Chargebacks And Disputes When customers file a. The company’s products and services for gambling businesses include multiple currency support, offshore banking partners, an online payment gateway, shopping cart. As soon as. 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. Setting up a merchant account can require a lot of time and tracking down and submitting various paperwork and documents. A high-risk merchant account is one that has been classified. While a fantasy merchant account is a necessity, many fantasy sports companies struggle to access payment processing. Discover how high risk payment processing can benefit your online gaming business with our comprehensive guide. Thanks to the power of online technology, online casinos have been able to prosper in recent years, giving casino business owners new opportunities to expand into the digital world and offer. The most significant red flag for banks is the fact that a lot of these. net’s gateway also stores repeat customer payment information and even gives the merchant the ability to provide recurring billing. The online eGaming and eSports industry is classified as higher-risk, making some businesses ineligible for merchant accounts at some sponsoring banks. They typically offer online and in-person processing services. We help companies who need to acquire an online gaming merchant account and run a sustainable business. Many merchant account providers do not understand the issues surrounding this industry and will provide a merchant account that will eventually be terminated, which is not only highly disruptive to any business, but it also makes it. Obtaining an online gaming merchant account isn’t easy. High risk solutions. Documents needed to open an online gaming merchant account. No one turned down. A flat-rate pricing structure is offered by Stripe:As a high-risk merchant account provider, we can help you get credit card transactions processed online in no time. 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. The online eGaming and eSports industry is classified as higher-risk, making some businesses ineligible for merchant accounts at some sponsoring banks. com is rated A by Card Payment Options and is named one of Inc. 9.