Gaming Merchant Account

Setting up the pace for hard to place merchants

Growth Of Online Gaming Industry
  • With constant internet growth and technological innovation, certain industries have begun to flourish. The online gaming universe is one such industry. Still, in its infancy, this phenomenon, known as iGaming, has grown into a multi-billion-dollar business. The digital gaming industry is booming with a growing appetite for online gaming in the world.

    It is growing leaps and bounds as compared to the other industries. Not only are the global giants taking advantage of the plethora of innovative opportunities that this industry is bringing about, but the startup gaming developers are also benefited.


    The global gaming market size was valued at USD 97.80 billion in 2016 and is expected to witness remarkable growth over the next eight years. Technological proliferation and innovation in both hardware and software are expected to be key factors driving the market. Growing penetration of Internet services across the globe, coupled with easy availability and access of games on the Internet, are also expected to keep growth prospects upbeat over the coming years.

Why is Online Gaming considered High Risk?

Have you tried to search “How to obtain a Gaming Merchant Account” or “Gambling Merchant Account” and came up short? You are not alone. Gaming is considered to be a high-risk industry by most of the acquiring banks and thus it’s very difficult to obtain an online gaming merchant account and payment gateway. Especially with online gaming many small transactions are generated and can often be hit with a much higher percentage fee by the respective banks.

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.
  • The gaming businesses are based offshore and there have been instances of money laundering and fraud making it a high-risk business.
  • The product offered by the gaming business is a high risk product as there is a potential for numerous chargebacks and refunds, increasing the liability the processor would likely incur when processing for the business.
  • The gaming business merchants may be relatively new in their fields and thus have no credit line, increasing the chances of insolvency and thus placing the bank/merchant account provider underwriting them at financial risk.

    Though all signs show that online gaming and casinos are lucrative businesses, many traditional financial institutions won’t take a gamble on them. The industry’s background and history, high chargeback ratios, and potential legal issues due to ambiguous laws keep banks away from these merchants.

How Do I Get A High-Risk Online Gaming Merchant Account?

At iPayTotal, we offer dedicated support from a team with decades of experience in payment processing for online gaming. Our international network of banks / partners who are experts in online gaming merchant accounts and payment processing systems , provide you access to the most competitive rates and ensures you have resiliency in the business, operating across many different acquiring banks that can all be placed on our gateway without the need for individual integrations, saving time and money online gaming merchant account setup. We can also help to reduce your foreign exchange exposure to further improve your profitability.


We know through our network which banks are offering the best current deals and can enable the merchant to obtain the very best market leading rates for a merchant account for online gaming. We build our merchant services around your unique business model, whether it’s one-click tokenization for fast, in-game payments, or recurring transactions for game subscriptions. Our partner gaming payment providers get you best in class online gaming merchant account rates.


Our experience with individual high risk industries allows us to identify potential avenues for fraud and payment disputes, then assist in sealing them before those setbacks occur. Instead of charging exorbitant rates, we fortify your business with the tools needed to combat those potential losses. With every high-risk merchant account we set up, we dedicate end-to-end support so that your online payment gateway is equipped with advanced fraud detection filters and thresholds, chargeback prevention features and seamless integration with your shopping cart and other software—all under a low rate guarantee.

iPayTotal specializes in merchant accounts developed specifically for gaming and casino companies. To obtain an online gaming merchant account through iPayTotal, a business needs to fill our online application. In addition to the application and a secure, operational website, merchants also must have the following items handy to provide to processors and underwriters:

  • A valid, government-issued ID, such as a driver?s license.
  • A bank letter or a pre-printed voided check
  • 3 months of the most recent bank statements
  • 3 months of the most recent processing statements
  • Chargeback ratio must be under 2%
  • A SSN (Social Security Number) or EIN (Employer Identification Number)
  • Utility Bill
  • Company Incorporation certificate