“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.
