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 merchant accounts’ by banks and merchant account providers.
The gaming business, also known as online gambling, has over the years become a crucial part of a well-organized and profitable gambling industry. The gaming business merchants proffer all kinds of gambling in the form of casinos, sports wagering, online poker, online bingo and mobile gaming.
The gaming business merchants are called high risk merchant accounts because of the following reasons:
This does not mean that banks and other credit card processors do not give high risk merchants like the gaming businesses, merchant accounts. There are numerous merchant account providers, like Instabill.com, that offer high risk merchant accounts in the form of Offshore Merchant Accounts. They may have higher transaction costs and reserves, but in the long run they would allow unlimited sales volume--- which is the basis of the gaming business industry.