Too many refunds in a short amount of time cause problems for low-risk merchant account servicers. Probably, this is the most important thing to consider. Additional factors to consider When it comes to how to create a merchant account, there are also certain factors to consider. Getting your high risk merchant account is only the first step. Fees usually run high for adult merchant accounts. The factors that have caused this rapid expansion have also directly contributed to consumer interest in other adult services.
The essential ingredients you need to take your adult business online
Does payment processing for your adult merchant account turn you off?
Advantages we offer for merchants seeking an adult merchant account Low rates 2. At first glance, this may seem like a counterintuitive way to stay in business — but granting refunds is an effective strategy for keeping your chargeback ratio low. The adult industry is classified as high risk merchants by banks and processors. However, one huge problem for members of this industry is that major banks and credit card processors refuse to work with them. Prepare to pay higher fees and meet certain requirements others do not.
Adult Merchant Accounts - How to take your adult business online and accept card payments
Merchants are easily confused on the issue of risk categorization, which often leads them to contact the wrong payment processors. In high-risk merchant services , the only way you to do business successfully is to pay higher. To give you an idea, your fees will depend upon your business history, whether you are in the high or low risk bracket, and your predicted sales amount. Chargebacks are a fact of life for all merchants. A bad card might have an invalid number.
Blog, Fintech, Technology. Onr, director of Parade Travel UK based luxury tour operator. Despite the decline of adult video studios, porn is still the fastest growing industry in the world. A high-ticket sales funnel needs robust payment solutions to promptly accept orders that neither PayPal nor Square will handle long-term. Regardless of whether your company receives payouts daily three days in arrears or weekly one or two weeks in arrears , you will receive your approved funds from your offshore merchant account on time, every time.