Gambling or Betting
The gambling and betting industry is highly risky from the point of view of card schemes and requires the mandatory use of MСС (Merchant Category Code 7995). The allocation of a special MCC and increased monitoring by the card schemes is primarily due to the fact that in many countries this activity is either prohibited or strictly controlled. The website is subject to additional requirements for the content of information, checking the age of users, the availability of a license, and others. Also, such merchants are not bypassed by scammers, it is very convenient to use this service for money laundering.
So, what are the risks?
These are just the main risks that can be applied to Gambling or Betting, in reality there are a much larger number of them.
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