What is difference between iGaming and low-risk merchant accounts?
High-risk accounts are the opposite of low-risk accounts – these are for businesses with a history of chargebacks, who operate in multiple jurisdictions. iGaming accounts are for high-risk industries and these have higher fees but offeressential access to payments as well as protection.
What are the costs for iGaming providers?
Fees are astronomical compared to average (10% before/after)1-3)%). Final rate is determined by industry, turnover, geographical location and chargeback history.
How Long Does It Take to Get a iGaming Merchant Account?
Low-risk business takes some days here, due diligence process takes 1 to 8 weeks! Speed varies based on document preparedness and business model complexity.
What Does Rolling Reserve Mean and Can You Avoid It?
Rolling reserve (ATS) A percentage of your turnover (5-15%) retained for a certain period (in some cases up to 180 days) as collateral against potential chargebacks. For new businesses operating in high priced industries, this is an accepted condition. But it could also decay over time by showing clean operations.
What are some of the regulatory obstacles crypto/CBD companies may face?
Major pain points are KYC, AML and local licensing in each country you operate. Trustworthy high risk payment processors will bring expertise and technology to the table here.
Which payment processors are trustworthy for iGaming payments?
The established market professionals can be considered as BillBlend, PaySpacelv, iPayTotal, PayKing RISK Payments. It really comes down to your niche, where you are located and what kind of site you need.
