Adult Merchant/ Seller Accounts
When it comes to making serous money there is no doubt the adult industry is a top earner reaching $12 billion and more a year. This covers the many fields of adult online dating service, toys, items, and services.
Even though the industry is legal, many issues may arise resulting in account servicers choosing not to open a credit card processing account for you. High-risk merchant servicers are aware of the risks and give you the credit card processing you need.
Why use High-Risk Card Services?
The business models behind Adult industries have high risk of illegal credit card use and refunds. Providing services by phone or online sellers must rely on "not-present" credit card sales.
Since the seller cannot see the card in person you must take the customers word at face value that they are not using a stolen card.
Various other business models have a tendency to increase refund risk, which include Payment by the minute, subscription based, laws involved with adult sales.
Who's at Fault for Bad Purchases?
While you can simply label some issues as mistakes, that is not always enough.
Merchant seller accounts are required to put rules in place before sales are charged to a card. Even then problems still arise when the company is positive the sale is valid. While refunds are a nuisance for anyone the adult industry attracts its hefty share of them.
Customers sometimes decide they didn’t not like what they purchased, they may argue their charges and credit card companies may favor them. Some customers want products and simply do not wish to pay for them or think the price is to high so they choose to use lost or stolen credit cards, and as a business there is little you can do about it.
As a result low-risk merchant account servicers wish to deal with these issues.
Why use Credit Cards with all the risks involved with all the other available options to collect payment.
Well the biggest reason is convenience and access to a line of credit allowing people to pay of their purchase over a period of time. With this options customers are more likely to spend more money at any given time increasing sales and profit.
The second and almost as import reason is your credibility. When as a business you don’t accept one of the most popular forms of payment they may not trust that they are purchasing from a serious business. This trust is vital to gaining and maintaining a customer base.
