What is High-Risk Payment Processing?
High-risk payment processing refers to the specialized handling of financial transactions for industries or businesses considered to have a higher level of risk. This includes sectors such as online gambling, adult entertainment, CBD products, and debt collection, among others. Treacherous payment processors offer secure and efficient gaming payment processing solutions, advanced fraud prevention measures, and compliance with industry regulations to ensure smooth and secure transactions within these riskier sectors.

iGaming is enhancing us. iGaming platforms have emerged as popular destinations for players to enjoy a wide range of casino games, sports betting, and other forms of online wagering. Some gambling statistics show that around 26% of the world’s population gamble. Gaming platforms provide a convenient and accessible way for users to indulge in their favorite gambling activities from the comfort of their homes or on the go.

One crucial aspect that significantly impacts the success of iGaming platforms is user experience. With intense competition in the industry, providing a picture-perfect and enjoyable user experience has become essential for attracting and retaining players. A smooth and intuitive interface, fast loading times, engaging graphics, and a variety of gaming options are just a few elements that contribute to a positive user experience. By prioritizing user experience, iGaming platforms can create a satisfying environment that keeps players coming back for more.

Within the realm of iGaming platforms, gaming payment processing plays a vital role in enhancing the overall user experience. As online gambling involves financial transactions and sensitive personal information, iGaming merchants should propose secure and efficient payment-handling alternatives in place. High-risk payment processors specialize in handling transactions for industries with a higher level of risk, such as online gambling. These processors offer robust security measures, fraud prevention tools, and seamless payment solutions to ensure smooth and secure transactions for both the platform and its users. By partnering with reliable high-risk payment processors, iGaming platforms can provide a safe and convenient payment experience, instilling trust and confidence in their users.

Fundamentals of High-Risk Payment Processing in iGaming

In the iGaming realm, hazardous payment handling acts as a safety net, enabling secure and smooth financial transactions for online gambling platforms. By partnering with reputable high-risk payment processors, game owners can mitigate risks, tackle regulatory challenges, and provide a worry-free experience for players.

How high-risk payment processing in iGaming works

On iGaming platforms, payment ecoflow works similarly to the rest high-risk payment gateways. When a cardholder makes a purchase on the platform through a point-of-sale terminal or the website, the payment gateway comes into play. It transmits the transaction details to the acquirer, which determines the card's credit card network (Visa, Mastercard, American Express, or Discover). The transaction is then sent to the appropriate payment switch, which forwards a request to the issuing bank responsible for the card and associated account.

The issuing bank conducts fraud checks to ensure the transaction's legitimacy, considering factors like proximity to the customer's address and reasonable amounts. It also verifies if the customer has sufficient credit or funds to cover the purchase.

If the transaction passes all checks, the issuing bank approves it and communicates the approval through the credit card network to the gaming payment gateway and acquiring bank. Occasionally, the merchant on the iGaming platform may need to adjust the payment, such as adding tips. In such cases, they submit a batch capture or clearing file that includes all authorized transactions for reconciliation purposes.

Importance of secure and efficient high-risk payment processing

Trust and reliability are crucial in payment gateways for sports betting platforms. With the shift towards online game purchases and in-game transactions, developers face elevated levels of fraud and may be susceptible to platforms that take advantage of them.

Fraud poses a significant challenge for the gaming industry due to a higher incidence of accidental friendly fraud and intentional fraud. The presence of young users increases the likelihood of friendly mistakes, such as parents disputing in-game purchases made by their children. Additionally, gaming attracts fraudsters who exploit opportunities to launder money through the gray market or deceive gamers with illegitimate sources.

On the platform side, many game developers rely on large-scale marketplaces that not only charge high fees but also restrict developers from accessing valuable customer information. This lack of transparency hampers developers' ability to offer personalized experiences, discounts, and recommendations to their customers.

Working with legacy gaming payment providers can also be problematic, with issues such as slow payouts, lack of transparency, and subpar user experiences. Traditional pricing models may stifle innovation, making it economically unviable for game companies to support microtransactions or smaller in-game purchases.

For instance, in the gaming industry, platforms like Steam and the Epic Store act as large-scale marketplaces that game developers often rely on for customer acquisition. However, these platforms may impose high take rates and limit developers' access to valuable customer data, impacting their ability to provide tailored experiences. Additionally, Apple's take rate on the mobile front has faced criticism from developers, leading to legal disputes.

Popular Payment Methods on iGaming Platforms

By 2025, the online gaming audience is projected to exceed 1.3 billion. How will people pay for this entertainment?

Credit and Debit Cards

Credit and debit cards are highly prevalent and widely accepted payment methods on iGaming platforms. High-risk credit card processing offers convenience and familiarity to users, allowing them to make seamless transactions by simply inputting their card details. The benefits of card-based transactions include instant deposits, enabling players to start playing immediately. Moreover, the widespread acceptance of credit and debit cards ensures accessibility for a large user base. Some popular card brands commonly used on iGaming platforms include Visa, Mastercard, and American Express.


E-wallets have gained popularity as a convenient and secure payment method on iGaming platforms. They provide users with a digital wallet to store funds, which can be easily and quickly used for transactions. The advantages of e-wallets include fast deposits and withdrawals, eliminating the need for entering card details for each transaction. E-wallets also add an extra layer of security by acting as an intermediary between the player's bank account or card information and the iGaming platform. Some popular e-wallet providers used in the iGaming industry include PayPal, Skrill, and Neteller.


In 2023, one notable trend expected in the gaming industry is the growing adoption of cryptocurrency. As Bitcoin and other digital currencies gain popularity, gamers are increasingly using cryptocurrency for game purchases and in-game transactions. This trend is fueled by the advantages that cryptocurrency offers, including fast and secure transactions, as well as its decentralized nature, which aligns well with the needs of the gaming industry.

Bank Transfers

Bank transfers, a time-honored payment method on iGaming platforms, allow players to seamlessly transfer funds from their bank accounts directly to the platform. This traditional approach is championed by brands like Betway and 888casino, known for their commitment to secure transactions. Bank transfers are a go-to option for players who value reliability and are perhaps without credit or debit cards. However, it's important to note that while this method guarantees safety, it can be as slow as molasses compared to other payment options. Manual verification and processing often cause delays, which have led brands like Bet365 and William Hill to diversify their payment offerings. Additionally, players may encounter additional fees, especially for international transfers. Nonetheless, bank transfers remain a popular choice, with industry reports estimating that they account for over 30% of all iGaming transactions.

Enhancing User Experience through Payment Processing

A positive UX can foster customer loyalty and retention, while a negative one can spell disaster for a business. 88% of online shoppers won’t return to a site after a bad user experience. That is why 88% of companies now prioritize customer experience in their contact centers. Our research reveals the following key findings of the payment processing online gaming:

Speed and Efficiency

Fast and efficient transactions play a crucial role in enhancing the user experience on iGaming platforms. Slow-loading websites cost business owners $6.8 billion per year. When users can swiftly deposit funds, make withdrawals, or complete in-game purchases without delays, it improves their overall satisfaction and enjoyment. Brands like PayPal and Skrill excel in providing on-the-money payment processing, allowing for near-instantaneous transactions. The convenience of quick transactions eliminates frustration and keeps players engaged, enabling them to focus on the gaming experience rather than waiting for payment processes to complete.

Security and Privacy

Data protection and secure transactions are paramount in the iGaming industry. Jared Spool said it best when he summarized a key principle of security: “If it’s not usable, it’s not secure.” Players want reassurance that their personal and financial information is safeguarded during payment processes. Trusted payment processors like Stripe and Braintree employ robust encryption protocols and adhere to stringent security standards, ensuring that sensitive data remains confidential. By prioritizing security and privacy, iGaming platforms foster trust and loyalty among users, creating a safe environment for financial transactions and cultivating a positive user experience.

User-friendly Interface

An intuitive and user-friendly payment system is vital for enhancing the user experience in iGaming. 52% of users won’t return to an app with bad aesthetics. Brands like Paysafecard and Neteller understand the importance of providing a seamless and straightforward payment interface. A well-designed interface simplifies online gaming payment processing, allowing users to easily navigate through the steps, select their desired payment method, and complete transactions with minimal effort. By reducing friction and eliminating complexity, a user-friendly payment system enhances convenience, ensuring a smooth and enjoyable experience for players.

Multiple Currency Support

Supporting multiple currencies is essential for iGaming platforms with a global user base. Companies like Skrill and Payeer offer multi-currency support, allowing players to transact in their preferred currency. This feature eliminates the need for currency conversions, saving users from additional fees and confusion. By accommodating various currencies, iGaming platforms broaden their reach and cater to a diverse audience, enhancing the user experience for players worldwide.

Customer Support

Responsive and helpful customer support is crucial in the payment process on iGaming platforms. According to Gartner’s research, companies that successfully implement customer experience projects begin by focusing on how they collect and analyze customer feedback. Brands like Payoneer and Adyen prioritize excellent customer service, providing prompt assistance to users facing payment-related queries or issues. Efficient customer support ensures that users receive timely guidance, resolving any payment-related concerns and maintaining a positive user experience. By offering reliable support channels such as live chat, email, or phone, iGaming platforms build trust and foster customer loyalty, making the payment process a seamless and satisfying aspect of the overall user experience.

Challenges and Solutions in High-risk Payment Processing: Corytech’s Practices

Discover how Corytech tackles regulatory compliance, fraud prevention, and technological innovations to overcome challenges in high-risk payment processing on iGaming platforms.

Regulatory Compliance

Failure to comply with regulations can lead to severe consequences, including hefty fines and legal repercussions. Just like walking a tightrope, payment processors such as Corytech navigate the intricate landscape of regulations, ensuring that their operations meet the stringent requirements set by regulatory authorities.

Fraud Prevention

Fraudsters never sleep. In the high-risk environment of iGaming, fraud prevention is a top priority for both payments in gaming and iGaming platforms. With the potential for significant financial losses, platforms like Betfair and PokerStars implement robust measures to combat fraudulent activities like phishing and other cybercrimes. They employ advanced fraud detection systems that utilize machine learning algorithms and behavioral analysis to identify and mitigate suspicious transactions.

Technological Innovations

The adoption of new technologies has revolutionized high risk car processing on iGaming platforms, providing enhanced efficiency, security, and convenience for users. According to industry statistics, the global iGaming market is projected to reach a value of $180.1 billion by 2027, driving the need for advanced payment solutions. To meet the growing demand, platforms are actively embracing innovative technologies.

One such know-how is artificial intelligence (AI), which has been instrumental in optimizing high risk payment gateways. AI-powered algorithms can analyze vast amounts of transaction data in real-time, swiftly identifying patterns and anomalies that may indicate fraudulent activities. This proactive approach helps prevent unauthorized transactions and protects user accounts. Additionally, AI-based chatbots are employed for customer support, providing instant assistance and resolving payment-related queries promptly, further enhancing the user experience.

By leveraging blockchain, iGaming platforms can eliminate the need for intermediaries, reducing transaction fees and processing times. Moreover, blockchain enables the implementation of smart contracts, enabling automatic and verifiable execution of payment agreements. A notable example is Bitbook, an iGaming platform that utilizes blockchain for transparent and auditable payment processes, ensuring fair play and trust among players.

Biometric authentication is yet another technology transforming payment processing in iGaming. With the rise of fingerprint scanners, facial recognition, and voice authentication, platforms can offer secure and convenient payment experiences. Biometric authentication eliminates the need for passwords or PINs, reducing the risk of account breaches and enhancing user convenience. According to market research, the global biometrics market is expected to reach $59.31 billion by 2025, underscoring the increasing adoption and importance of this technology in payment systems.

High-Risk Payment Processing FAQ

What is a high-risk merchant account?

A high-risk merchant account is a specialized payment processing account designed for businesses operating in industries with a higher risk of fraud, chargebacks, or regulatory issues. It enables these businesses, such as online gaming platforms or adult entertainment websites, to accept credit card payments and manage their transactions securely.

What does high-risk processing mean?

High-risk processing refers to the specific set of payment processing services and solutions tailored to meet the needs of businesses deemed high-risk. These businesses often face challenges such as higher chargeback rates, legal and compliance requirements, and potential reputational risks. High-risk processing providers offer customized solutions to manage and mitigate these risks effectively while ensuring smooth payment operations.

What are high-risk purchases?

High-risk purchases typically refer to transactions involving products or services that are considered more susceptible to fraud or legal complications. These can include online gambling, adult content, nutraceuticals, travel services, and e-cigarettes, among others. Due to the nature of these industries, financial institutions and payment processors may classify such purchases as high-risk and subject them to additional scrutiny and security measures to protect merchants and customers.

What’s Next?

Payment processing plays a vital role in enhancing the user experience on iGaming platforms. By providing fast and efficient transactions, ensuring security and privacy, offering a user-friendly interface, supporting multiple currencies, and providing responsive customer support, payment systems contribute to a seamless and enjoyable gaming experience. It is crucial for businesses to continually improve their payment systems to meet the evolving needs and expectations of users, ultimately leading to platform success.

To achieve these goals, businesses can turn to innovative payment processing solutions like Corytech. With its fully-featured platform, Corytech offers advanced features and technologies that streamline payment operations, reduce fraud risks, and optimize the user experience. By integrating Corytech into their iGaming platforms, businesses can provide a secure and convenient payment environment for their users, ultimately driving customer satisfaction and loyalty.

To explore the capabilities of Corytech and how it can benefit your business, we invite you to request a personalized demo. Discover firsthand how Corytech's innovative payment processing platform can help you enhance user experience, streamline operations, and achieve success in the competitive iGaming industry.

Vyacheslav Bondarenko
Co-founder of Corytech