Introduction

If you're looking to start a business in the gaming industry, you'll need to apply for a high risk gaming merchant account. A high risk merchant account is one that's been approved by your bank or credit card processor, meaning they've determined that there's enough of an advantage in doing business with you over other merchants who don't have these types of accounts. It's important to note that having this type of account doesn't mean the bank will approve any order for any amount—they'll still check each individual transaction against its risk score and assess how likely it is to cause them losses on their balance sheet. If your estimated fraud rate or chargeback ratio is too high, then they might reject your application altogether (or at least require higher fees).

What is a Gaming Merchant Account?

A gaming merchant account is a type of credit card processing account that allows you to accept debit and credit cards in your business. It provides merchants with the ability to process transactions, as well as an electronic settlement of funds into their bank accounts.

What are the Different Types of Gaming Merchant Accounts?

There are three different types: low risk, mid-risk, and high risk. Low risk accounts are for businesses like grocery stores or pet shops that only sell food or pets products online. Mid Risk accounts are for restaurants, bars, hotels and other types of businesses that sell both food/drinks plus non-food/drink items like clothes or electronics online (like Best Buy). Lastly High Risk accounts exist specifically for companies like Pokerstars who only process payments through gambling websites but do not accept any other type of payment method such as PayPal or Venmo.

Do you operate in a High-Risk industry ?

If you fall into any of the following industries, it's likely that your business will be considered high risk:

• Alcohol
• Gambling
• Pornography
• Tobacco
• Adult entertainment (such as strip clubs)
• Weapons and firearms sales

If you're not sure what categories apply to your business, look at the list above and see if any of them match. If they do, then it's likely that your merchant account provider will classify this as a high risk industry.

Why do high risk industries need a High Risk Merchant Account ?

Why do high risk industries need a High Risk Merchant Account?

High risk industries are more likely to be fraudulent. High risk merchants often have higher chargeback rates, which means they are more likely to take advantage of their customers. The bank wants to