Thus, a gambling merchant account is a type of account that provides merchants services specifically to companies within the said industry. Below is an inexhaustive list of each high-risk industry and its correlating merchant category code: High-Risk Industry (A-F) MCC. net payment gateway. Skill gaming merchants should aim to secure an MCC7994 code. Higher transaction fees: Transaction fees for high risk merchant accounts are not cheap. 5% from 2020 to 2027. S. Segpay works with high-risk merchants to. Online transactions are the foundation of every online business. A high-risk business is an operation that, for one or more reasons, is perceived by credit card processors or financial institutions to represent an elevated risk for chargebacks. However, most providers offer fees and pricing ranging from: Rates from 4. Trends fueling growth include digitization, rising merchant adoption, increasing repeat usage among younger consumers, and an expanding set of players targeting lending at point of sale, a. 7995 – Betting, including Lottery Tickets, Casino Gaming Chips, Off-Track Betting, Wagers at Race Tracks and games of chance to win prizes of monetary value. G2 analysts have seen a recent increase in illegal gambling sites laundering their transactions through gadget sites—usually a simple site selling a few select items, often consumer electronics, power tools, or sporting goods. 30 per transaction. MCC. This includes the emotional and mental impact of gambling, such as addiction, anxiety, and depression. e-merchants and payment facilitators which provide a good degree of anonymity c. A high-risk merchant is a label given to a business by a payment processor. A high-risk merchant account is a business account or merchant account that allows the business to accept online payments though they are considered to be of high risk nature by the banks and credit card processors. 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. Medium-risk merchants should invest in robust fraud prevention tools and employ strategies like customer authentication and proactive chargeback management. 5% for high-risk merchants. 9% of total transactions. That includes completing ALL your accounts in full, filing them correctly – on time – then making all of that accessible to the Acquirer/Processor. ISO High Risk (ISO –HR) Contracts with an acquirer to provide merchant solicitation, sales, customer service, merchant transaction solicitation and/or customer training to "high– brand risk merchants". 30, 2011, 22:45), FDICHOGR00002079. Point-of-sale (POS) financing services in the United States have grown significantly over the past 24 months, especially since the onset of COVID-19. We Provide Offshore International French European 3D Secure Merchant Account Services, High Risk, Hi Limit, No Cap, Gambling, Offshore and ACH Merchant Accounts Verified By Visa and Mastercard. Additionally, a business owner who has bad credit, an unsatisfactory credit card processing history, low cash flow levels or higher sales volumes may be viewed as a high. There is no standard definition of what is “higher risk” but some business categories which typically fall into that classification are online gambling, tobacco. We aimed to identify review-level evidence for interventions to address or prevent gambling. With specialization and years of experience in working with all types of high-risk merchants, we give you the best experience. Think of the MATCH list. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online. 6. A gaming merchant account is interpreted as a high-risk account for many reasons: The turnover rate at your business may be too high. Credit card companies (VISA, Mastercard, etc. Bogus “gadget” websites are putting merchant acquirers at risk for card network fines and assessments. Traditional banking solutions aren’t willing to take the risk. Last year, the residents of Spain (36%), France (52%), Belgium (47%) and the UK (49%) were leaders in using credit cards for. As a high-risk merchant, having a backup merchant account will allow you to avoid bottlenecks and potential business closure should Stripe freeze your account. With the High Brand Risk Chargeback Monitoring Program, there are not a. A high-risk merchant is a label given to a business by a payment processor. Chargebacks Prevented. Section, Division of Risk Management Supervision, to Managing Editor, Supervisory Insights, Division of Risk Management Supervision (Mar. Gambling disorder tends to run in families, which suggests a genetic link. The changes are going to force merchants, particularly those in high risk industries, to re-think their chargeback strategies. The standards for classifying merchants as high-risk or low-risk differs from provider to provider. 4. 75%, and you’ll also pay around €950 in annual bank fees, a setup fee of €100, and a monthly fee of €20. Continuously establishing the context, identifying, analysing, evaluating and treating risks are the fundaments of risk. SumUp, iZettle and Square prohibit lottery-, betting- and gambling-related sales, which could include bingo, Fantasy Football and casino services. By Anna Zotova, Chief Risk Officer, xpate. Plus, you’ll never be charged a setup fee or application fee. To learn more, please visit our website or call us at (866) 987-1969. Acquiring gambling merchants is not something any acquirer can dabble with in the corner of their portfolio. Why is my business. High risk transaction fees for EU or UK businesses start from 2. Bogus “gadget” websites are putting merchant acquirers at risk for card network fines and assessments. It aims to make merchant risk management efficient and beneficial to any industry. The hardest part for online casinos is obtaining online gambling merchant accounts for credit card processing. Our Custom Risk management solutions allow us to detect fraud at a very early stage, while applying a sophisticated risk assessment on all levels. Merchant management. EMB offers merchant account services with low fees, increased savings, and 24/7 customer support. As a high risk merchant account provider, oftentimes we receive inquiries from merchants who have been placed on MATCH, the Member Alert To Control High Risk Merchants file (also known as the Terminated Merchants File, or TMF). As a result, merchants can skyrocket their sales. However, there are specific ideas for categorizing both types of businesses as such. Shakespeare was always using the word risk in his plays – true or false. High Risk Pay offers high-risk merchant accounts and payment gateway solutions to businesses from all verticals. High-risk merchants are often associated with businesses that have a high level of exposure to lawsuits, other legal actions, fraud, chargebacks and higher transaction sizes. These businesses often operate in industries associated with high chargeback rates, potential fraud, and legal or regulatory issues. Ongoing Support. Gaming Solutions. The company’s products and services for gambling businesses include multiple currency support, offshore banking partners, an online payment gateway, shopping cart integration, and fraud protection. High Risk Merchant Account for Gaming Business. Based on your license status and targeted markets we find the best solution for your business. It will typically allow payments to be made via credit and debit card. Grandview Research projects that the Online gambling market will grow at a CAGR of 11. Majority of card processing providers consider it as high risk industry due to certain reasons. Comprehensive fraud management system. It means that the KYM procedure involves best practices from both the KYC and KYB procedures to ensure the merchant onboarding process is smooth and efficient. Step 1: Call or Email us and speak with one of out experienced Merchant Advisors. net is a payment gateway company that provides payment processing options for businesses, especially small and independently-owned businesses. G2 analysts have seen a recent increase in illegal gambling sites laundering their transactions. If your application is accepted, there will be set up or activation fees involved. Segpay works with high-risk. In order to stay ahead of the curve, sports betting operators need to balance managing risk with providing an optimal player experience. By 2023, the average cost of a single chargeback is expected to be $190, based on a $90 average transaction value. The clue is in the title – risk management. This symbol indicates that your products or services offering is restricted. A merchant account is a contract between a company and a financial institution that allows the company to accept. Ongoing monitoring is a win-win-win. ; 1 The Merchant of Venice is one of Shakespeare’s plays in which gambling features most prominently. Four individuals have been charged in the District of Massachusetts with conspiring to deceive banks and credit card companies into processing more than $150 million in credit and debit card payments on behalf of merchants involved in prohibited and high-risk businesses, including online gambling, debt collection, debt reduction,. This includes a failure to have a customer interaction policy in place until 2015, and no specific provision for VIP or high-value customers in place until 2017. especially if you’re a high-risk merchant. If your business fits into any of these categories, you’re primed to start working with Dharma. It also involves continuous management of your payment processing solutions and making the appropriate adjustments along the way. Be more expensive than the high street rates you may have been advised on. 75%, and you’ll also pay around €950 in annual bank fees, a setup fee of €100, and a monthly fee of €20. 9% this year. For example, a warning sign could be when a person spends €3k ($3. Why is my business considered high-risk? 8. It was created to make online. Square. Games of chance and games of skill - Includes any activity with an entry fee and a prize, regardless of whether the outcome is determined by chance or. Online gambling is particularly susceptible to fraud. The selection of merchants proposed for whitelisting is controlled by the Issuer; the Issuer will consider the industry type, the low risk of the merchant and also the purchasing history of the cardholder; for example, the Issuer may propose 10 merchants which a particular cardholder uses often and the Issuer may include merchants which. Believe us, the MATCH list is a distinction merchants want to avoid at all costs. states that allow such: New Jersey, Nevada and Delaware. PayKings Provides Online Gaming Merchant Accounts. . Typical reasons for this label is that your account is considered to be at a higher risk of fraud, chargebacks, or a high number of returns. 3. Therefore, PSPs must ensure that they took local methods into account. Step 4: Apply for an account. We also look at. Acquiring gambling merchants is not something any acquirer can dabble with in the corner of their portfolio. If you still have questions regarding what we can do for you, give us a call at 1-888-548-5649 so you can converse with one of our merchant account managers. . Particular features that make this form of speculation unique include its 24-hour availability, long-form nature, the extreme volatility of outcomes, and the strong influence of sentiment and social influence. The terms of the contract may vary from provider to provider, but at the core of the agreement, they are covering their bases. Understanding High-Risk Merchants. Processes less than $20,000 monthly. These fees are quite high compared to some other providers, but you can be approved for your merchant account in around 48 hours. Let’s start by busting some myths and revealing common pitfalls with business risk management. online gambling include the design and use of different risk-management strategies tailored to the different classes of risk that are associated with Internet gambling. Ongoing support & risk management every day through Whatsapp, Telegram & Skype. Chargeback Management Guidelines for Visa Merchants is a comprehensive manual for all businesses that accept Visa transactions. ; 1 The Merchant of Venice is one of Shakespeare’s plays in which gambling features most prominently. In. The overall gambling industry is predicted to balloon to $525 billion in revenues by 2023. e. Historically, merchants in high-risk categories have had few options for payments. A Merchant Category Code (MCC) is a four-figure number used to categorize business entities according to the type of products or services the company offers. We Provide Offshore International French European 3D Secure Merchant Account Services, High Risk, Hi Limit, No Cap, Gambling, Offshore and ACH Merchant Accounts Verified By Visa and Mastercard. PayPal prohibits the following activities, even where the specific activity is lawful and/or isn’t legally defined as gambling, unless the transactions are associated with an approved merchant. PayKings. Who We Are. That simplifies online transactions in a variety of currencies. 1k) every month, while earning only €2k ($2. There are several criteria to determine the risk level of a business: high transaction volume, international payment (geographic location. By helping with transaction management and fighting online fraud, merchants can reduce the time and money spent on these problems. PaymentCloud, based in Woodland Hills, California, is one of the best merchant service providers you can rely on. 01332 477 85301274 649 89301274 649 89501274 649 893. Personality traits and coexisting mental health conditionsGambling merchant accounts with hassle-free pay-in and payout solutions. It will typically allow payments to be made via credit and debit card. August 6, 2021. A payment gateway gives customers a choice of payment methods, such as ACH, bank transfers, credit or debit cards, e-wallets, and cryptocurrencies that helps customer retention. PayPal prohibits the following activities, even where the specific activity is lawful and/or isn’t legally defined as gambling, unless the transactions are associated with an approved merchant. An online gambling account for merchants allows businesses to process digital payments online through a gambling payment gateway . Certain sorts of organisations and sectors are typically deemed high-risk by banking institutions when applying for a merchant account. We run through the major UK high street banks and outline what services they provide to their at-risk customers. 3. 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. Reacting against such practices, 79 merchant underwriters broke away in 1769, and 2 years later formed a "New Lloyd's Coffee House" that became know as the. See full list on nationalmerchants. Those serious about acquiring gambling merchants need to take it seriously. Best for online CBD and high approval rate: eMerchantBroker. 805. Security is the priority for any retailer. SCCG Management, a recognized leader with over 30+ years of expertise in the gambling industry, has announced a strategic partnership with Signature Payments. Internet businesses with offshore. A high-risk industry is defined by its likelihood to introduce more operational, regulatory, and reputational risk exposure. High-integrity Risk Financial Trading Platforms (card-absent) MCC 5966. Especially with online gambling, several little transactions are produced, and the corresponding banks frequently charge a significantly larger percentage fee. The company guarantees the lowest rates and prides itself on. g. Transparent oversight. Local payment methods. We don’t discriminate. Gambling enforcement activities are essential to maintaining the integrity of gambling in B. Installing a firewall, encrypting card data, using anti-virus software, monitoring networks, and other requirements will be part of this. International businesses selling their services and products within the US. Additionally, you will receive a detailed fee schedule for all your transactions. However, that’s easier said than done. Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving high risk business types. Accept all major credit cards and APMs with a multi-currency gateway. But as mentioned, online gambling companies and other business entities like eCommerce, subscription-based services, forex, and exchanges also fall under the high-risk category. 54 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11. 1. High-risk merchants are generally more susceptible to fraud, insolvency or other liabilities, or connected to an. 35 Euro per transaction. High-risk merchant category refers to the industries or types of businesses considered to have a higher level of risk by financial institutions, payment processors, and acquiring banks. Risk management in sports betting involves the creation and implementation of processes and contingency plans that ensure the stability and profitability of sports betting operations. The proliferation of gambling opportunities worldwide, including continuous online gambling, has generated concern over how to protect individuals and families from harm caused by excessive spending. It is a landmark decision by the U. This recognition has led to demands for public health strategies at the local, national, and international levels. A high-risk merchant account is allocated if it is believed the business is at a higher risk of fraud and chargebacks. At Trustly, we're proud to partner with such a holistic platform and together drive innovations in the payments industry. Many gambling payment processors tend to charge unusual fees from the merchants coming from this particular industry. November 14, 2021. The gaming and gambling industry is considered a high-risk sector for money laundering due to the high volume of financial transactions involved and the potential for anonymity and lack of transparency. The risk is raised on gambling, gaming and fantasy sports businesses because the merchant account provider takes on the potential risk of paying any refunds, fees, or fines merchants are unable to pay due to going bankrupt or getting forced into closing. Here are the major differences between low risk and high risk merchant accounts. 95% for normal merchant accounts. Membership or subscription-based. Bet on behalf of players. Conversely, low-risk merchant accounts. The processor will look for the funds in the merchant’s bank. Therefore, you will need a gambling merchant account with the right high-risk payment processor. Businesses that are classified as high-risk need a high-risk merchant account to transact and receive payments. [email protected] Login; Mid Management; Schedule Consultation;. Payment Gateways: Secure Solutions for Your Business. High Risk Merchants. The Pros. Understanding High-Risk Merchants. 1. eMerchant Authority’s Online Gaming Merchant Options. High-risk merchant account parameters may differ by acquirer, but generally, high-risk merchants tend to process more than £/€20,000 in monthly volume, have an average card transaction value higher than £/€500, and a chargeback ratio higher than 0. With an online gambling merchant account, online gambling and casino merchants can accept payments from customers in a variety of currencies and payment methods, including credit cards, debit cards, and e-wallets. It is not about rolling the dice. When it comes to monitoring and preventing fraud, gambling. The overall online gambling industry is predicted to balloon to $525 billion in revenues by 2023. Certain industries such as adult content, online gambling, e-cigarettes and online wine delivery make acquiring banks and payment processors nervous – for fear of selling products and/or services. net payment gateway. It’s impossible to remove all risks, so it’s a fruitless task. Since gambling is an international business, it is vital for merchants to be able to accept payments in the local currencies using local payment methods not to lose clientele. Worldpay already provides high-risk merchant accounts to over 150 gambling businesses, including big names such as William Hill, bet365, and Ladbrokes. According to Statista, the global media and entertainment market is. Get a. With Instabill, that’s a thing of the past. : Best for low. Receiving a high-risk MCC leads to higher fees and limitations on merchant accounts. This applies to businesses selling goods or services within the adult, gambling, cannabis, and other industries considered high risk. 5 steps to managing high-risk gambling merchants. “High-risk” merchant accounts cater to businesses that are typically considered more prone to financial risk by banks and payment processors, including. Note that the major payment card brands prohibit certain industries too. ECS Payments can. A #gambling_merchant_account is a type of account that caters specifically to businesses operating within the online gambling industry. Low risk. A high-risk merchant processor that is familiar with your business type is the one you will want to work with. Merchant category risk is determined by assessing several factors, including the nature of the products or services being sold, the transaction volume and frequency, the geographic location of the merchant, and the history of fraud or chargebacks associated with the merchant’s business. High-Risk Business. This pricing is very good in the high-risk. Some do accept high-risk merchants and. 1. Large Average Ticket Size. We are impressed by EveryMatrix’s gaming portfolio and its ability to integrate with our. Higher set-up fees: High risk comes at a price and the price is that you pay more in setup fees. For more information, please contact us at 800. 3% plus interchange if you’re among the low-risk merchants. Merchants who are unable to do so may have their accounts terminated and be forced to contract with “high risk” payment processors. It can be very difficult to find the best gambling payment processor. ResearchAndMarkets report. Buy a casino. Those serious about acquiring gambling merchants need to take it seriously. Most of the eCommerce websites have a merchant account to take care of the payments which are processed through. This will ultimately make it harder for a merchant to apply for a high risk merchant account, given their negative credit history. Risk managers – sit up and take notice. The Gambling Commission stated these failings stemmed from inadequate anti-money laundering (AML) policies and processes, as well as inadequate senior-management oversight. Today, most merchants looking to sell a product or service online can quickly get their payment system live with the help of a modern checkout platform. MCC. At SeamlessChex, we provide solutions that help your business get back on track. These fees are quite high compared to some other providers, but you can be approved for your merchant account in around 48 hours. Interestingly, the primary impetus behind the adoption of programs like iCare and Techlink's RGD are related to concerns surrounding insurance and potential liability risk for problem gambling. In simple terms, high-risk businesses are merchants who are perceived to be at a greater risk of financial. If your business sells expensive, high-ticket items, you are most likely in the high-risk category. A high-risk merchant account operates as a specialized business account for high-risk businesses. Banks and aggregators simply prohibit accounts for some types of businesses (online gambling, drugs, pornography, and the like). Here’s an overview of what may land you in the high-risk credit card processing category as opposed to the low-risk one: High risk. Merchants that present a financial risk to the payment processor are assigned a high-risk MCC. You can find out more and apply online for our online gaming merchant accounts here . PayKings is leading the industry of payment processing, especially for high risk merchants. Acquirers and PSPs should regularly compare merchants’ current behaviors with their initial expectations during the onboarding stage to ensure they still align. Navigating Compliance Challenges. A mobile merchant account is a type of payment processing account that allows businesses to accept payments from customers using their mobile devices. A unique license is used to randomize the play, which leads to provably fair. With a high-risk merchant account from a gaming merchant, you may process online payments without the need for a bank or an electronic wallet. Sites like Cardgames io, Replay Poker, and San Manuel Online Casino all have something in common; they work in a unique niche. Smoking-related or CBD products. Another crucial thing to consider is that not all financial institutions work with offline and online businesses specializing in casinos, betting, gambling, etc. A high-risk merchant account is a type of account designed for businesses that have a higher risk of fraud or chargebacks than other businesses. Lydia Thomas, a producer on Radio 4’s You and Yours, gave evidence to a 2019 House of Lords inquiry in which she described receiving data that showed “evidence of problem gambling, for example, gambling all night, on obscure sports, or using a range of. The purpose of this guide is to provide merchants and their back-office sales staff with accurate, up-to-date information to help merchants minimizing the risk of loss from fraud and chargebacks. This will allow you to continue doing business even in high-risk markets. They look at many factors, including the ticket size of a typical sales transaction. When a skill gaming merchant is tied to this code, it results in tighter geographical restrictions, lower conversion rates, and higher payment processing fees for Visa, Mastercard, and other leading credit card companies. The global gambling market is worth billions of dollars, and with the rise of online gambling, the industry has become even more vulnerable to. We can assist with merchant accounts and payment gateways. High-Risk Merchants vs Low-Risk Merchants. 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. 01332 477 85301274 649 89301274 649 89501274 649. Like almost all high-risk providers, Durango uses a quote-based pricing system and doesn’t disclose fees or rates on its website. Meanwhile, eCommerce merchants may encounter termination until they verify their identity and address. 0 M+. This is a mistake. It’s great for pop-up shops and food. With an online gambling merchant account, online gambling and casino merchants can accept payments from customers in a variety of currencies and payment methods, including credit cards, debit cards, and e-wallets. Fortunately, EMB’s application process is quick and easy. That MCC regulates video game establishments and arcades. Another crucial thing to consider is that not all financial institutions work with offline and online businesses specializing in casinos, betting, gambling, etc. Finance and Accounting Simplify accounting and reporting. With this article we describe the transaction log file and provide two filtered subsets of the data. The high-risk designation can make it difficult for large and small business owners, startups and service providers to find a way to accept customer payments. Each merchant service provider received a rating based on over 50 data points. Recognition is growing that gambling, although highly profitable for corporations and governments, is a source of serious and unevenly distributed harm. Dharma’s processing rate for high-risk businesses is interchange rate + 1. Fraudsters use other people’s cards, which may work but incur chargeback fees. With the latest technology, speedy transactions, simpler refunds to players, we can program any relatable comfort for your. Payspacelv specializes in high-risk industries, so it can be the ideal solution for the gambling enterprise, taking into account the minimal rate of processing charged by the company – from 1. Top High Risk Merchant Industries Here are the top 15 biggest high risk merchants that need payment processing. Some payment processors shun high-risk merchants, while others are more accommodating. 5967 – Direct Marketing – Inbound Teleservices Merchant. $20,000 or more in monthly transactions. This is why gambling merchants should focus anti-fraud efforts on mobile devices. you can look for a merchant service provider that allows high-risk merchants, but expect to. net. But before we dive into the issue, let’s start from the basics and define the payment gateway. The solution contains a catalogue of video games, financial aggregators, and casino management tools. The main reasons you may be given a high risk merchant account are: History of chargebacks: This is when the issuing bank initiates the return of funds to the cardholder based on their complaint/dispute. Also, if you do business in the EU. If your business fits into any of these categories, you’re primed to start working with Dharma. This designation may. We provide the best credit card processing services for all type and size of businesses. Merchant Category Codes (MCCs) are issued by credit card companies to indicate what goods or services a business offers. Centre for Addiction and Mental Health offers resources and a helpline at 1-866-531-2600. Last year, the residents of Spain (36%), France (52%), Belgium (47%) and the UK (49%) were leaders in using credit cards for online. So, If you are planning on operating an online casino or gaming platform, accepting credit cards online is a must. Since its inception in 2020, Cricpayz has emerged as a pioneering payment solution provider, catering to high-risk merchants in India. Payment industry professionals that represented organizations such as, the US Food and Drug Administration (FDA), National Association of Boards of. In Summary: The 8 Best Offshore Merchant Account Providers For Small Businesses. Merchant account services. 7 Examples of high-risk merchants include direct marketers, adult content, online pharmacies, gambling merchants, outbound telemarketers, travel services, and others. 9% fee plus $0. Stripe: Best for owners of multiple businesses and brands. It also pays to ensure the merchants are. Stripe. (EMB), specialized in. . It is a crucial element to both plots throughout the play since. High Risk Merchant Account – Get Approved in Under 24 Hours. The merchant should always consider security when selecting a gambling payment gateway. They then monitor those businesses via a four-digit Merchant Category Code (MCC). Outbound Telemarketing (card-absent) MCC 5968. People could always find things that are new and might be more interesting to them after a while. Venmo is a great cash-swapping app, and you could even ask customers to use Venmo for payments. A merchant is considered high-risk from the viewpoint of a credit card payment processor or acquiring bank. High-risk merchants work in businesses that are bound to increased refunds, legal and governmental restrictions, or reputational problems. The purpose of this paper is to examine crisis management practices among gambling-related hospitality business stakeholders (GBSs) during the coronavirus disease 2019 (COVID-19) pandemic. All businesses need merchant accounts in order to accept credit and debit card transactions. Square: Best overall. Casinos and gambling providers who have a loyalty program or CMS tracking gambling. services (often. Similarly, businesses in the high risk industries should look for merchant accounts that have a flawless reputation. Average card transaction is below $500. The internet has caused an explosion of new media and online gaming. PayPal is especially strict with these services due to state regulations on gambling. When your business has been labeled a high-risk merchant account, you will almost always pay higher. Finding the right payment gateway and merchant account solutions requires research and patience. By Anna Zotova, Chief Risk Officer, xpate. Application. Easy Pay Direct: Best for Scaling High-Risk Businesses. Security Payment In any business, the risk is unavoidable. Bogus “gadget” websites are putting merchant acquirers at risk for card network fines and assessments. 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. For them, monitoring isn’t an option but a legal obligation. R. 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. Chargebacks911, 2022 Chargebacks Costs. Continuously establishing the context, identifying, analysing, evaluating and treating risks are the fundaments of risk management.