MerchantScout is specialized in processing payments for high-risk merchants in sectors including online gambling and gaming. Online gambling is a special category not accepted by many banks due to the high risk of fraud, and the historical frequency of chargebacks. Our main focus is on licensed EU/UK-based merchants, but we also serve international businesses through our worldwide acquiring network of banks which accept online gambling merchants.
When we place merchants with our primary acquiring banks in western Europe, the contracting merchant must be EU-based and have an EU-issued gaming/gambling license. Licenses are also accepted from territories including Gibraltar, Malta, Alderney, the Isle of Man and Curacao. Gambling merchant accounts are categorized as 7995 (MCC code), by which the payment processors identify the transaction and restrict certain countries.
If a payment is attempted in any of the following countries, the transaction is automatically blocked due to domestic online gambling laws: Brazil, China, Hungary, Hong Kong, Iceland, Israel, Japan, Lithuania, the Netherlands, Norway, Poland, Singapore, South Korea, Switzerland, Turkey and the USA.
Alternative Payment Methods
The online Gambling industry is currently observing a huge rise in the use of alternative payment methods such as paysafecard. Luckily, MerchantScout specializes in providing solutions to Gambling and various other kinds of high-risk merchants. Apply today and start accepting a variety of key alternative payment methods to Visa/Mastercard such as paysafecard.
"Extremely happy with your service! Not only did you guys match my rates from my previous provider, but you've successfully worked and negotiated with the acquiring bank to give us what we need in terms of payout conditions. We're very thankful for all your effort."Mike M., CEO
Sportsbetting and online casino operator