Due to the unjustified stigma many payment processors have against the industry, adult merchant accounts are one of the hardest to open — but all hope is not lost. The Adult Industry is filled with many quality products and services that are in very high demand. There are almost limitless possibilities in the world of adult entertainment too, thanks to the endless variety of niche markets. However, one huge problem for members of this industry is that major banks and credit card processors refuse to work with them. Continue reading to learn more about the current path of the industry, laws that could affect your business, struggles you may face, frequently asked questions, and the best ways to get your adult merchant account approved. Generally speaking, anyone selling adult-oriented content, products, or services for the purpose of enhancing or stimulating sexual health and wellness would fall under this category.
Safe, reliable credit card processing
Merchant Accounting Solutions | Adult Merchant Payment Account
Whether you are EU or offshore-based, MerchantScout can provide flexible payment solutions for your Adult-orientated business. Our Adult merchant accounts are built on networks connected with trusted acquiring banks. The Adult sector is a highly lucrative, niche industry; however, the unfortunate truth is that as a category it is automatically considered high-risk by acquiring banks. You can rest assured, though, that MerchantScout can offer specialized payment solutions to high-risk Adult businesses. Alternative Payment Methods The online Adult industry is currently observing a huge rise in the use of alternative payment methods such as paysafecard.
Adult Merchant Account
The adult entertainment industry is a multi-billion dollar industry just in the U. Taking advantage of that demand is a matter of offering the kinds of products and services your customers want. This includes making payment as easy and convenient as possible by accepting credit and debit cards. Unfortunately, when searching around for credit card processing you may have trouble accessing electronic payment services through traditional providers because of the industry you're in. Let's face it, the adult entertainment industry is not necessarily one that traditional financial institutions want to be linked to.
Adult merchants are considered high risk by banks and processors. The primary reason for a high risk classification is concerns over chargebacks and fraudulent transactions. Companies processing high volumes of transactions frequently establish multiple adult credit card processing accounts to mitigate the inherent risks of depending upon a single acquiring bank. US companies establish adult services merchant accounts in both the US and offshore. The biggest advantages of US processing are higher approvals for US cards, lower rates and faster settlements compared to offshore merchant accounts.