Why Most Gateways Reject Forex & Gaming Apps — And How to Get Approved

If you run a forex, gaming, or fantasy sports app in India, you’ve probably encountered the dreaded message:

“We’re sorry, but our payment gateway doesn’t support your business model.”

You're not alone. In fact, over 80% of gaming and forex startups get rejected by mainstream gateway providers. Here's why — and how to finally get approved.

Common Reasons for Gateway Rejections

1. High-Risk MCC Codes

Gaming, forex, and betting platforms fall under “high-risk” merchant categories (MCCs), which most traditional banks and gateways blacklist.

Result: Instant rejection during onboarding — even before KYC begins.

2. Frequent Chargebacks and Refund Risks

Gaming apps often have:

• Bonus-based promotions
• Refundable wallet balances
• User disputes on winnings

Forex apps face volatile pricing, KYC mismatches, and redemption delays — all red flags for payment processors.

3. Regulatory Scrutiny

• RBI regulations
• FEMA (for forex payouts)
• State-level bans on real-money gaming

Many gateway partners simply don’t want to deal with the legal risk.

4. Lack of Business Transparency

If your app doesn’t clearly explain:

• How users earn/spend money
• The source of funds
• The legal entity behind operations

...you’ll face immediate rejection.

Why Standard Gateways Like Razorpay, Stripe, PayPal Don’t Work

These providers have automated onboarding and compliance filters. If your app triggers any high-risk keywords like:

• “casino”
• “forex”
• “fantasy”
• “bet”
• “tokens”

Your application is flagged or auto-denied.

How to Get Approved with a High-Risk Gateway like PlusPe

✅ 1. Pre-Screened Approval

PlusPe offers manual pre-screening of your business model to guide compliance alignment before submission.

✅ 2. Tailored MCC Matching

We place your business under compliant MCCs based on:

• Skill-based gaming
• Financial service exports
• Wallet or utility-based services

✅ 3. Risk-Based Routing

PlusPe intelligently routes your payments through banks and processors that accept your vertical — maximizing success rates.

✅ 4. Full KYC & Compliance Assistance

We help you:

• Draft terms & conditions that comply with gaming and forex laws
• Collect KYC from users and map it to transaction logs
• Generate GST, TDS, and FX reports

Real Use Case: Forex App Approval in 5 Days

A top-tier forex platform was denied by 3 providers. PlusPe approved them in 5 business days after:

• Clarifying use case under “financial education & demo account”
• Mapping payouts to verified bank accounts
• Setting daily TXN limits with smart alerts

Internal Links You Can Add

• Multi-Currency Cards vs Wallets for Indian Startups
• Scaling Indian Apps with Cross-Border Payments
• Enable INR to USD Payments for Indian Apps

Final Thoughts: Don’t Let the Word “High-Risk” Stop You

Rejection is frustrating — but it’s not the end.

With the right partner, strategy, and documentation, forex and gaming platforms can securely accept payments in India and abroad.

🔓 Get Approved in Days — Not Weeks

Talk to PlusPe and unlock compliant, scalable gateway access for your high-risk business.