Adult services have become one of the fastest-growing industries in recent years. Adding credit card processing capabilities to your adult business will provide first-rate convenience for your customers. You can increase sales by accepting credit card payments.
Adult merchant accounts are available for both domestic and offshore banks, allowing adult agencies worldwide to be authorized and set up with an account. The banks we can access through our banking network are heavily influenced by the organization’s location. If the merchant is located in the United States, we can submit your account to a number of different banks.
Merchants based entirely outside the United States may be submitted to various offshore banks one at a time, depending on fees and approvals. We begin with the lowest-interest-rate banks and progress to larger banks as needed.
Your adult business is frequently faced with the daunting task of locating and establishing an Adult Business Payment Gateway. Adult merchants should seek out a financial institution that regularly works with adult companies and understands the industry extended high risk.
The Adult Industry is struggling
Despite the fact that the business has seen significant growth, banks and creditors continue to view the adult-oriented nature of adult services as a high risk. Merchant Account providers, like the adult industry, have regulations and policies. Even if you have a long history of transactions, finding a processor willing to work with a high-risk business can be difficult. Financial institutions have classified adult businesses as high risk for a variety of reasons, including:
- High dispute rates and chargebacks
- Laws and strict rules
Chargebacks and disputes can occur when a client attempts to conceal data from a spouse or family member. Also, if they’re using a stolen card. Other risks include merchants who use their website as a front for money laundering or even to sell illegal prostitution. Amald can get your merchant account approved quickly and easily, regardless of the institutions’ attitudes toward this industry.
How to manage Risk for your high-risk industry vertical at a more granular level?
Understand the risks and train the staff –
Your employees should be aware of the risks that your company may face and be prepared to deal with them. Everyone in the organization must be aware of the risks associated with online payments. Establish procedures for avoiding and resolving risks.
Ensure information security –
Information includes customer databases, purchase requests, payment processes, and so on. It must be ensured that information is not leaked or hacked. Create a safe and efficient method for submitting authorization requests via the Internet. Before you can begin accepting online payments.
Use collective efforts to reduce losses –
You have control over the majority of chargebacks, particularly those caused by processing errors. A well-designed collection system can aid in the recovery of unjustified chargeback losses.
Showcase effective policies and procedures –
Each page of your website should include information about your privacy, shipping, return, and refund policies. Customers should not have to look for them. This will also increase customer satisfaction and convenience, encouraging them to visit the website more frequently.
Risk evaluation –
When fraud or any other type of risk occurs, it should be evaluated first. This approach ensures that the business receives sound data and a well-planned structure to prepare for future risks.
Finally, Risk Management is concerned with the identification and mitigation of risk in a variety of activities.
Amald offers specialized help with a variety of issues, such as high-risk merchant accounts, offshore merchant accounts, merchant accounts, and online payment gateways.
How to get started with your Adult Toys Merchant Account?
You’ve come to high-risk business solutions to inquire about starting your adult payment processing business securely and reliably.
Fill out the application form merchant services or speak with one of our friendly representatives. You can be on your way to success in the adult-related industry in minutes.
Adult Merchant accounts are typically established within one week. The time allotted is largely determined by the organization applying and the bank underwriting the account.
The application is extremely straightforward, and a few documents are required to accompany it, including a photo ID, a voided check, a bank statement, processing statements, and corporate documents.
As a result, if the company is new, a few documents will be unavailable. To expedite the underwriting process, it is critical that the merchant provides as many records as possible.
Following approval, a contract is drafted and delivered to the merchant. When the login credentials are delivered, merchants can begin joining and running transactions. The merchant account and virtual terminal setup processes smoothly.
Your organization’s website specialist will be able to configure the payment gateway to meet your needs. As a result, once the setup is complete, the merchant will begin accepting live transactions. Rather than the previously running test transactions.
How Amald will assist you in getting Adult Business Merchant Accounts?
It is simple to open an adult service merchant account with Amald. With our lifetime price-lock guarantee, you can be confident that your prices will never rise for the duration of your partnership with Amald. Get credit card processing solutions that are specifically designed to meet the needs of your business. With secure and safe payment gateways, you can help reduce the risk of chargebacks on your Adult organization.
As a result, our customer support team is standing by to assist you. Get assistance with account questions, credit card reader recommendations, and setting up your online credit card processing account. Contact our merchant account specialist for more information.
SOLUTIONS FOR QUICK PAYMENT
Adult business wants to be treated like a legitimate business. As a result, your company wishes to raise funds in order to pay its vendors and employees.
High-Risk Solutions can help you work your way to record benefits with adaptable payment gateway options.
Credit card fraud is a growing problem. We are constantly reading about the most recent security breach and its impact on the organization. When looking for an adult merchant provider, choose one that provides not only payment processing but also peace of mind.
Our banking networks plan projects, particularly with adult services. They are aware of the types of transactions that will take place. Unlike other banks, which will quickly close accounts. Our banks fully understand the adult business, which they regard as risky. When you choose to work with us, you are working with a pioneer in the payment industry.