WHY GAMING IS CONSIDERED AS HIGH RISK

“Online Casinos” is the most popular online gambling merchants. However, there is a slew of others, including fantasy sports, gambling, and multi-player games.

  • Total turnover: Because online gambling has such a large turnover, merchant service providers and banks consider it a high-risk industry.
  • Offshore Business:   There is a high probability for fraud and money laundering.
  • Business includes international transactions and multiple currencies this makes the business a high risk.
  • Business includes a high percentage of chargebacks, which is the number one driver of a vertical being classified as “High Risk”.   Also, a subscription based business model is common, which can result in a high chargeback’s.

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