Content of this guide applies to traditional “pull” payments,. . The intent of the document is to provide cohesive guidance for the application of physical security countermeasures at Federal facilities. Curacao eGaming licenses are going to be divided into two types: Curacao gaming license B2B; Curacao gaming license B2C It’s a difficult balance to strike. Maintain impeccable accounts - good or bad. Category: Gaming Author: GBO Specialist GBO: Expert Merchant Services for Online Gaming – Open Your European Online Gaming Merchant Account Today! Contact us in WhatsApp below We specialize in merchant services for online gambling businesses, helping you open and manage your online gaming merchant account in Europe’s top banks. With online gambling revenue rapidly increasing 2, growth at this scale can present risk and security challenges for many operators,. to visit exciting locations in the metaverse will not stay long if they feel their personal data or their safety is at risk. High-risk merchant accounts are payment processing accounts geared to businesses operating in high-risk industries and more prone to chargebacks, fraud, regulatory hurdles, and legal issues. List of High-Risk MCC Codes. One of the main reasons for this is the attitude of conservative institutional banks that categorize eGaming as high-risk business and refuse to offer their services. Based on our evaluation, the best high-risk merchant account providers are: Best overall (and most versatile): PaymentCloud. eMerchant Authority’s Online Gaming Merchant Options. Square’s comprehensive payments package puts it at the top of our top PayPal competitor’s list, while Stripe, Shopify, PaymentCloud, and Amazon Pay are all among our favorite options. 5% plus 10¢ per transaction. Online gaming operators may have to shop-around for a high-risk merchant account. GBO is one of the leading company formation agent in IFZA . 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. Let’s start by busting some myths and revealing common pitfalls with business risk management. Demystifying business risk management. With Instabill, that’s a thing of the past. Home users often use firewalls to help protect their computers. 3) Main Steps for Approval. Risks are heightened when the. 1 Third Party Agent Risk 9 Non-compliance with Visa Global Acquirer Risk Standards Questionable Agents 4. A high-risk payment gateway is a payment gateway solution for businesses that present a high degree of risk for payment processing companies—either because they have a higher than usual percentage of chargebacks, there is a higher risk of fraud or a few other reasons that will be outlined below. UK. Gebr. You will need to comply with due diligence; show proof of your capital funds; present a business plan and outline the tools your company. We can provide B2C and B2B Gaming, Sportsbook and Casino operators full merchant facilities worldwide. Powerful POS System Strategies with Mony Zenou. It claims the overall average fee for in-person transactions is 1. services (often referred to as “ high risk A merchant that is considered a high risk based upon the credit, product, method, ticket size or volume. The gaming industry tends to see a high rate of fraud attacks. This is why,. Gigadat provides businesses with a robust portfolio of flexible and secure online banking payment solutions that ensure e-merchants succeed. To discuss your payment management needs with one of our expert advisors. Moving companies. SOFTSWISS develops innovative iGaming software products for online casino, sports betting, and beyond. 2. More than 2% charge back. Mobile gaming is a magnet for fraud—true fraud as well as “friendly fraud” chargebacks. American Express considers a business more likely to have a high chargeback ratio to be a “high-risk merchant. Management: A group of seasoned individuals who have a thorough awareness of the business climate in the UAE and the region oversee IFZA. 11 per online transaction w/ discounts for nonprofits & high-volume businesses. ResearchAndMarkets report. This is followed by Fashion with 24. Payment processors pose greater money laundering and fraud risk if they do not have an effective means of verifying their merchant clients' identities and business practices. Source: Finix. Demystifying business risk management. Our industry-leading payment solutions include mobile-initiated transactions, and real-time analytics to help you take your business to the next level. expanding product suites: Stripe vs. ”. The latter is especially crucial, as data from Chargebacks911 states a single chargeback will cost merchants $190. Low-risk merchants. Support for Scaling Globally. Along the lines of many other merchants, they offer coupons to their buyers as well. 5% with a fixed fee per transaction of 10¢ to 50¢. The level an organization is delegated to varies according to: The number of credit card transactions processed every year, andIn 2023, the gaming industry will have experienced expansion, change, and some noteworthy trends. Playing a multiplayer internet game sometimes requires an exception in the rule set for the firewall to allow information from the game to get through to your computer. If your merchant is switching things up, you need to know about it. With an emphasis on personal attention and customized solutions for “bricks-and-clicks” companies (i. ETtech. For in-person payments, rates range from 2. Average sales tickets are high. net’s gateways must first find a merchant service provider willing to provide them with a merchant account. Paysafe connects merchants and consumers around the world through seamless payment processing, digital wallet, and online cash solutions. Section 2: E-Commerce Risk Management Best Practices. Our products can be delivered as standalone solutions or combined into a single iGaming Platform. Best for chargeback monitoring: SMB Global. For more information, please contact us at 800. The process is easy, so you can focus on more important things. High-risk industries: 10. When awarding a merchant account, financial institutions categorize businesses into two types, the low-risk and the high-risk. The company’s products include credit card processing, ACH processing, an online payment gateway, merchant cash advance, and. A competitive payment processing fee for a standard retail small-business account might be 2. Mastercard Payment Gateway Services (MPGS) provides advanced payment processing and fraud prevention technology to merchants, technology partners and acquirers across the globe. The RBI has also opened a sandbox for startups to test multiple CBDC use cases. 6% – 2. Skill gaming merchants should aim to secure an MCC7994 code. Monthly fee: $10 to $45. (2) However, these companies find credit card processing services to be crucial to their. Durango Merchant Services. 2023. Risks Pertaining to Payment Facilitators and Marketplaces 9 4. We aim to preserve the integrity of the payment system, which is why we work proactively and collaboratively with our customers to grow business while minimizing risk. This pricing is very good in the high-risk. Square. 4. Expand your global footprint and tap into new markets without compliance worries. Dharma Merchant Services: Best for merchants who process more than $10,000/month. Welcome to my LinkedIn profile! I am a results-driven sales leader with a proven track record of success spanning over a decade. Nick Leeson, the bank’s then 28-year-old head of derivatives in. It has a high level of customization and allows users to pay using many methods. Launched as a part of Paytm's ecosystem, this innovative platform brings together entertainment and gaming,. Best merchant accounts for eGaming businesses PaymentCloud. Many online companies may find the process of an offshore high-risk merchant account a sensitive issue, but thanks to our well-established relationships with the banks, the process is smooth and painless. Offers a variety of services, including online wallet, prepaid cards, and direct payment processing. ” Several additional factors go into determining whether a business is a high risk, including the business’s industry, its history of chargebacks, and its average transaction amounts. In affiliate marketing, online merchants pay affiliates a commission for sales that affiliates refer. Account funding, stored-value card purchases, and prepaid loans (non-financial institution) 6540. We offer clients assistance with finding a white-label solution that includes licensing and payment service providers. Here’s a list of those codes and what they mean: 01: Account Data Compromise. There are a. Retailers that sell digital games can expect to deal with a high volume of disputes on a regular basis, especially if they offer in-game purchases. A high-risk merchant account is often necessary for companies dealing in industries that carry a high potential for fraud and charge backs. Financial institutions typically screen merchants through the MATCH list to verify whether they have a history of poor business activities or have ever had their ability to process. XanPay. Since its inception in 2020, Cricpayz has emerged as a pioneering payment solution provider, catering to high-risk merchants in India. Non-compliance. Host Merchant Services: Best for large high-risk businesses. Electronics & Media is the largest market segment in Europe accounting for 27% of eCommerce sales. • People Management: Led a team of 6 direct and 60+ indirect reports to manage a very fast-paced Startup environment for the Fintech products: e-wallet, C2C / C2B payments, debit cards and personal loans. This makes the POS systems used absolutely critical. High volume merchant accounts are usually offered to businesses with a turnover of over $100,000 and hundreds of small payments each day. 10 minutes. MerchACT is a specialized high-risk payment processor with proven account experience. Paytm First Games, a dynamic venture by Paytm, one of India's leading digital payment platforms, has taken the nation by storm with its captivating and rewarding gaming experience. However, most merchants find that outsourced chargeback management is more cost-effective, produces better results, and offers. Learn about online gaming merchant accounts, top high risk payment processors, and expert tips to keep your igaming business running smoothly. One of the leading global payment processing providers, offering a comprehensive suite of solutions for the gambling industry, including fraud prevention, multi-currency support, and risk management. This payment service provider makes high-risk merchant accounts accessible to businesses considered high-risk, like tobacco and e-cigarette sellers, credit repair companies, online liquor stores, and more. the example above, the Merchant descriptor for John’s Farm must be John’s Farm Parking; the descriptor for Ship Chandler must be Ship Chandler Restaurant. Common merchants that offer senior discounts include grocery. Bankruptcy. 9% plus 30 cents per transaction. If you’re considering online gaming for your next business venture, you need to understand the industry and its subsets. Customers provide their credit card info, and then the payment gateway passes the information between the selling business, the customer’s bank, and the seller’s bank, either approving or declining transactions along. Each payment processor has specific criteria known as a credit policy, which dictates what types of business industries they are allowed to support. By now, you probably know your business is classified as high-risk. Low-risk merchants have lower chances of fraud, money laundering, and other financial hazards that will cause them to lose money. 5. Clover uses a flat-rate pricing structure. 5. This company specializes in opening high-risk merchant accounts. If you are a high-risk merchant including iGambling, adult, delta8, facsimiles, or have a portfolio of hi-risk. . 7 Payment Gateways with a Higher Appetite for High-Risk Merchants 1. PayKings is leading the industry of payment processing, especially for high risk merchants. 5. Online gaming merchant account solutions here. Below is a list of MATCH reason codes: 01: Account data compromise. The state of Nevada is, effectively, the epicenter of the US commercial. At American Express, our ESG mission is to back people and businesses to thrive and create equitable, resilient, and sustainable communities globally. Higher sales projections, lower credit scores, and inadequate financial standing may increase credit risk. Gaming payment processing refers to the methods and systems used to handle transactions related to online gaming. Shopify: Best For eCommerce Businesses. Ten years on from founder and CEO Paul Buck’s decision to turn his lived experience of gambling. While merchants are typically corporate entities, they can be natural persons as well. 5% - 5%. According to the recent update from 13. 89% to 2%. Make iGaming payments simple with Paysafe's payment processing solutions. Other types of high risk merchants can usually still get their payments processed by large banks and major credit card companies. Dharma Merchant Services. . Slot Machines. If you’re inducted into the Visa Fraud Monitoring Program, it’s typically because you’re. Best High Risk Forex Merchant Accounts. Concentrations of industries, geographic areas, or other factors. Being MATCHed means you’ll be labeled as “high-risk. +97235104257 +972-504938469. Created and managed by Mastercard, the Member Alert to Control High-Risk Merchants (MATCH) list is an electronic database of high-risk merchants to avoid. Flexible payment solutions for Online Gaming industry. The resolution also stated cyber risks should be included within the SMS no later than the first annual verification of the company’s Document of Compliance after 1 January 2021. Bonus Abuse. A gaming merchant account is interpreted as a high-risk account for many reasons: The turnover rate at your business may be too high. With a focus on transforming the payment landscape, the company's innovative approach has propelled it into rapid growth, making it a game-changer in the industry. Finance managed services; Risk managed services; Legal managed services; Explore Managed Services Close Managed services. Ongoing monitoring is a win-win-win. The merchant’s industry presents concerns, such as reputation, health. The Problems For High-Risk Merchants. They have had to use either direct providers, horizontal industry gateways that have been open to serving high-risk merchants and high-risk specific gateways (e. Managed-risk merchants are categorized as such because statistics show that they tend to have high chargeback rates and significant numbers of payment disputes. There are a variety of ways to run an online gaming business. Computrad are the leading. Most online casinos do possess an online gaming license which ensures the legitimacy of the business as it requires regular audits on the company’s management and general business conduct. 10. , or NMI, is a payment gateway service that provides processing for high risk merchant accounts. With an online gaming credit card processing solution and merchant account from BankCard USA, you can bypass the app store and so much more: Process all forms of electronic payment, including all major credit/debit cards and ACH transfers. Too many organisations focus on avoiding and even eliminating business risks. Open navigation. My journey in the dynamic world of sales has been characterized by a deep-seated passion for driving growth and cultivating strategic partnerships. 7. Month-to-month billing and excellent customer support are also preferred. Low yearly maintenance. The best high risk merchant processors like EMB make business ventures hassle-free for everyone. American Express & High-Risk Merchants. A fraudster will open multiple accounts to take advantage of special offers. SMB Global: Best for Ultra High-Risk Merchants. Merchants that present a financial risk to the payment processor are assigned a high-risk MCC. That includes completing ALL your accounts in full, filing them correctly – on time – then making all of that accessible to the Acquirer/Processor. Created and managed by Mastercard, the Member Alert to Control High-Risk Merchants (MATCH) list is an electronic database of high-risk merchants to avoid. Fraud. There is also a fee of 0. Knowing that is how things stand, it is best to not waste time seeking partnerships with standard, low-risk. net payment gateway. 4. Of course, the level of risk will vary with the type of goods or. Content of this guide applies to traditional “pull” payments,. Service providers and gaming websites depend on the easy management of funds transfer from their. 50% + $0. The latter is especially crucial, as data from Chargebacks911 states a single chargeback will cost merchants $190. To help you find the right solution for your needs, we’ve ranked our picks of the best merchant services for small business available today. Durango Merchant Services. Fastest application process: Soar Payments. Many embedded payment solutions support multiple currencies and payment methods. Online Casinos. High-risk businesses are typically those that are new, have a history of credit problems, or operate in an industry that is considered. The gaming business merchants are called high risk merchant accounts because of the following reasons: The gaming business has a high volume turnover which is considered a risk factor by banks and merchant account providers who are giving them a credit line. 1 day ago · Synopsis. A fraudster will open multiple accounts to take advantage of special offers. To keep your global reach and maintain a good relationship with your bank, you should opt for a provider that specializes in high-risk or gambling companies and do your utmost to keep your account in order. Current legal and regulatory landscape. My journey in the dynamic world of sales has been characterized by a deep-seated passion for driving growth and cultivating strategic partnerships. We take Visa’s Global Brand Protection Program very seriously and we can also work with you if you fall under one of their High-Brand Risk Merchant Categories. Open Your Merchant Account for eGaming Business Blog, Merchant Accounts. 2. Chargebacks911, 2022 Chargebacks Costs. An offshore merchant bank account is one established for eCommerce companies in a non-resident country. Table Games and Poker. Many "low risk" merchants have a majority of their credit card transactions conducted in person ("card present"). Low-risk merchants have lower chances of fraud, money laundering, and other financial hazards that will cause them to lose money. This means they must apply for a high-risk merchant account. An EY survey of large US merchants 1 reveals that more than 85% of merchants are planning to accept new APMs — defined as nontraditional payments, like digital wallets, account-to-account (A2A) bank transfers and buy now pay later (BNPL) — in the next one to three years. 56 Customer Relations jobs available in S Charleston, OH on Indeed. Flagship Merchant Services: Best. . The company has a positive reputation for transparent customer service and reliable support. Computrad are the leading. This is a mistake. It acts as the mediator between the customer and the merchant to make payments. Team Lead Digital Product Development. Our risk management and fraud prevention solutions empower operators by providing a full suite of customizable tools. Opening business bank accounts. and many more. Key Points. advocate and industry-leading provider of managed-risk merchant A business that accepts credit cards for goods or services. In Summary: The 8 Best Offshore Merchant Account Providers For Small Businesses. As of yesterday, Egaming offers 15 deals in total on their website - 2 discount codes and 13 sales. Dharma’s monthly fee is $20 per month. Control authentication: You. EPIC raises awareness of gambling-related harm in order to identify and. To meet their needs and make the company formation procedure as seamless as possible, they work directly with clients. With over 25 years of verifiable commercial success, Melcom. Best for online and international sellers: Durango Merchant Services. When selecting a high-risk merchant account for your online gambling business, there are several key factors to consider: Industry Expertise. We would like to show you a description here but the site won’t allow us. 7. Now, let's dive into the top strategies that will help you secure a high-risk merchant account without breaking a sweat: Research, research, research: Don't jump into bed with any old payment. According to the recent update from 13. Environmental: The gaming industry is a heavy contributor to carbon emissions. The authorised bodies of Curaçao offer two types of licenses: Master License: Curacao basic license (White label) Sub-License: grants the same rights without. As part of the new gaming regulatory framework, companies applying for a new Curacao license will pay a reasonable application fee of €5,000 and a yearly license fee of €14,000. Our team of experts are ready to update you with the likely costs – please contact us. Before onboarding merchants, all payment providers are responsible for conducting due diligence on those merchants to verify their identities and to guard against fraudulent or criminal activity. Overview. Best for online and international sellers: Durango Merchant Services. EPIC raises awareness of gambling-related harm in order to identify and. Once a merchant account is terminated, your acquirer is required to add you to the MATCH List (sometimes called the “Terminated Merchant File”). . If it’s just recreational gaming, the risks involved in the business are much less. Bill payment services. Luckily, at Humboldt Merchant Services, we’ve got you covered. Posted on: 9 Nov, 20:58. With a merchant account from Instabill, we offer live support Monday. Soar Payments. 10. customer relationship management, accounting, human resources. Modern, cloud-based stack. Each payment processor has specific criteria known as a credit policy, which dictates what types of business industries they are allowed to support. Best merchant accounts for eGaming businesses PaymentCloud. So for Canadian businesses serving a large. Based on our evaluation, the best high-risk merchant account providers are: Best overall (and most versatile): PaymentCloud. Merchants, Agents and ISOs -Bitcoins - eGaming - High-Risk If you are a high-risk merchant including iGambling, adult, delta8, facsimiles, or have a portfolio of hi-risk clients, we can provide Bitcoin and eGaming processing. Show Summary. Such businesses are more likely to face financial issues due to unforeseen circumstances. GBO can assist you to find a multi-currency e-commerce provider and proven fraud management mechanism, which enables merchants to conduct secure transactions with customers all over the world. PCI compliance means that your systems are secure, reducing the chances of data breaches. The county of Anne Arundel, Maryland (the client) hired GWRA to conduct a risk assessment of Odenton, Maryland (a community within the Anne Arundel County), with a focus on business operations within the municipality. Increase revenue and speed into target markets by performing proper due diligence. The clue is in the title – risk management. When looking for a merchant account for your gambling business, save time by seeking out companies that explicitly support gambling. Capital International Bank is a unique, entirely digital Corporate banking solution which can help those corporates looking to set up an Isle of Man bank account. A subsidiary of Visa, Authorize. If your business fits into any of these categories, you’re primed to start working with Dharma. Forex. 9 Cryptocurrency Merchants. Transparent oversight. Like almost all high-risk providers, Durango uses a quote-based pricing system and doesn’t disclose fees or rates on its website. Either one can result in serious consequences for merchants who fail to quickly correct course after being enrolled. advocate and industry-leading provider of managed-risk merchant A business that accepts credit cards for goods or services. Leading a talented team of product owners to move the „omni-channel“ needle in travel retail. In some cases, payment gateways for high-risk. The issuing bank checks that the customer has. Examples of key areas where implementing a consolidated compliance workflow management system could bring significant benefits are: • Having all of your compliance regulatory requirements - jurisdictions games, issues, third parties, etc – in one place • Enabling stakeholders to. processors who do not have a handle on dispute management can easily find themselves on the receiving end of punitive fines ranging from $10,000 to $75,000 which can be assessed month after month until a. payment types. Risk Management Risk management is the process through which the various risk exposures are identified, measured, monitored, and controlled. This account regulates all business economic activities. Category: Corporate & Merchant accounts, eGaming,. An Introduction to accounting topics which are of significant relevance to the gaming industry. 75 Chapter 10: Account Data Protection Standards and Programs. High-risk payment gateways: Payment gateways are tools that facilitate credit card transactions. A high risk merchant account is a certain type of business bank account assigned to those merchants who present a degree of risk associated with their business. MATCH searches the database for possible matches between the merchant information provided in the inquiry and information. Support free trial. Some merchant banks will be reluctant to open an account for your company as gaming sites are considered high risk. 6% plus 10 cents, while the fee for a high-risk account might be 2. The market value is anticipated to reach $296. 2. GBO specializes in helping online gambling and crypto services companies to open bank accounts in Europe – both B2B and C2B. Financial institutions offering manual or automated cash disbursements. Video gaming industry has a 14. 2 Merchant Risk 10 Before onboarding merchants, all payment providers are responsible for conducting due diligence on those merchants to verify their identities and to guard against fraudulent or criminal activity. Description: Soar Payments offers credit card processing, eCheck, and ACH solutions to a wide range of merchants, but specializes in serving those considered to be high-risk or hard to place. Fraudsters use other people’s cards, which may work but incur chargeback fees. 2023. in-person; 2. Winning Fraud Strategies for Scalable Growth. RNGs are programmed to produce a stream of numbers that cannot be predicted and that do not follow any pattern. The Pros. Leaders Merchant Services: Best for Established Businesses 4. 2. With high risk merchant accounts, the bank may use risk management strategies like a rolling reserve, to protect the bank and the merchant from potential losses. Visit the merchant’s website and document what type of merchant it is at a granular level to set a. Merchant account fees are simply fees paid to maintain the merchant account you need to be able to accept credit and debit cards. The new license is valid for all iGaming – sports gambling, casino, poker, bingo, lottery. These merchants must pay $200 per month for Paysafe’s costs associated with the ongoing monitoring of high-risk merchants. A competitive payment processing fee for a standard retail small-business account might be 2. Of course, the level of risk will vary with the type of goods or. : Best for global payment processing. We will introduce you to our extensive network of local service providers and advisors. But a merchant forgets that for such a risk the claimant must also be strong. High-risk merchants can be very attractive additions to your portfolio because they can generate significant financial rewards. Typically, the RNG can be. These companies include nutraceuticals, online dating services, travel agencies, etc. Square. • Business Management: In charge of. 15% + $0. Visa uses the VDMP as a way to audit merchant outlets, identify any business generating an excessive number of disputes, and take action to address the situation. With this license, you’re eligible to open bank accounts. Make iGaming payments simple with Paysafe's payment processing solutions. Search registers. Businesses change – moving into different industries, taking on new staff, partnering with new clients – and each change exposes their PayFacs to different risks and vulnerabilities. The MATCH list (previously referred to as the Terminated Merchant File or TMF) is a database identifying merchants who have had their payment processing privileges revoked by an acquiring bank or processor. National Processing: Best for an all-around processor. As an operator, you have to acquire new players and keep them entertained and satisfied, but also mitigate risk posed by fraud and gaming chargebacks. comAs the name implies, the Visa Fraud Monitoring Program, or VFMP, is a merchant monitoring initiative administered by Visa. . An acquirer makes money by offering merchant accounts to businesses, allowing them to accept credit cards. These mechanisms vary widely in cost, but a typical online or physical high-risk merchant account payment gateway may cost anywhere from $50 to several hundred dollars, depending on your preempted volume. Annual confirmation Annual confirmation. Gaming payment processing typically involves a. Each merchant service provider received a rating based on over 50 data points. Establishing customer centric product development in Digital Commerce (Webshop, CRM, App and Digital POS)Curaçao eGaming (Netherlands Antilles) is regarded as a practical solution for starting an online gaming and gambling business due to its optimal mix of time and cost balance. o. Segpay is a Payments Platform specializing in online credit card processing for e-commerce merchants and subscription-based content providers who intend to operate globally. One integration. We only work with the best lottery platform providers! eGaming and social gaming are rapidly expanding, and it is now more than ever, a global business requiring customized merchant accounts. By 2023, the average cost of a single chargeback is expected to be $190, based on a $90 average transaction value. This means that starting April 2022, a fully vetted mobile wallet user—one who has fulfilled all. 11. Summary. Too many organisations focus on avoiding and even eliminating business risks. Last update 8. 6. Problem #1: Most large banks and credit card companies won’t work with adult merchants. Online gaming communities that value uptime will choose a managed dedicated server for web hosting. Scalability, high speed of operation, and intuitive management make the SOFTSWISS Online Casino Platform an exceptionally reliable. GBO’s package, last update 20. 2 Merchant Risk 10 Questionable or Unsound Business Practices High-Brand Risk Merchants Sellers Involved in Fraud or Illicit Activity. Growth of the Industry as a Whole: The industry is expected to grow significantly, recovering from a slower 2022. Most payment processors define a maximum chargeback rate—often 1%—that their merchants must stay. Risk management is too often treated as a compliance issue that can be solved. Merchant Ivory Productions — is a film production company, established in 1961. 5 steps to managing high-risk gambling merchants. This is mostly because high-risk merchant accounts are highly personalized based on the business as well as the trustworthiness of the business owner. As a merchant A business that accepts credit cards for goods or services. With gaming set to continue on an upward trend, the increase in fraud can be seen as an endogenous and predictable phenomenon. If a merchant operates in an industry with historically high rates of fraud or customer disputes, or if the products or services they sell are subject to extended time limits for filing chargebacks, they're likely to be categorized as high risk. This payment service provider makes high-risk merchant accounts accessible to businesses considered high-risk, like tobacco and e-cigarette sellers, credit repair companies, online liquor stores, and more. As a PayFac, Segpay handles the sub-merchant onboarding and provides a fully managed payment processing solution. With the strengths in placing high-risk businesses, this PaymentCloud brought the high-risk merchants a lot of benefits such as a network of third-party processors. Alert Notifications. 6% plus 10 cents per transaction. $15 monthly fee ($12 for nonprofits) Interchange + 0.