Lottery & Raffles

Lottery & Raffles businesses are classified as high-risk due to elevated chargeback rates, regulatory complexity, and reputational risk for acquiring banks. Traditional processors often decline these merchants, requiring specialized high-risk payment solutions.

Required documentation typically includes business formation documents, government-issued ID, bank statements (3-6 months), processing history (if applicable), industry-specific licenses, and compliance documentation. Specific requirements vary based on your business model and risk profile.

Standard lottery & raffles approvals typically take 3-10 business days. Businesses with complex histories, MATCH list status, or high processing volumes may require 2-3 weeks for full underwriting review.

High-risk merchant processing typically runs around an 8% effective rate once reserve holds, monthly fees, and ancillary charges are included. Cybin targets placements as low as 3% effective for lottery & rafflesmerchants whose file qualifies — a 5-percentage-point cut on every transaction, plus $0.25-$0.50 per-transaction fees and rolling reserves typically 5-10%. Final rate depends on your chargeback history, processing volume, and business model. We don't quote until we review statements.

Yes. We specialize in helping merchants with prior terminations, MATCH list status, or high chargeback ratios. Our network includes processors who understand the unique challenges of lottery & raffles businesses and can structure appropriate solutions.

Yes. We offer both domestic (US) and offshore processing options for lottery & raffles merchants. Offshore processing provides broader risk tolerance and multi-currency settlement, while domestic processing offers faster settlement and lower fees.