Technology, especially smart devices, has changed many aspects of our society, including how people meet and establish a relationship- romantic or otherwise.
The online dating business has grown in a fastening way over the past few years. According to research, the global online dating market size has increased to USD 2.230 Billion in 2019 and expected to be USD 3.592 Billion by the end of 2025 at a CAGR of 8.26%.
Provides a Mechanism for Dating Using the Internet Connected Device
Online dating portals give you a platform to introduce yourself and find a potential partner over the internet, usually to develop personal, romantic or sexual relationships. Online dating is a company that provides a mechanism for dating using an internet-connected device.
A merchant account is an essential part of an online dating service. It helps you in getting a well-suited payment gateway for your business to manage your financial transactions. But, it is not a plain task to get a merchant account for an online dating business for many reasons.
Online dating business falls under high-risk business due to its nature, friendly frauds, and chargebacks.
Why does chargeback take place on an online dating website?
Chargebacks for online dating sites have a very predictable pattern. These are the most frequently seen reasons for the chargeback.
- Service not received
- Fraudulent transactions
- Credit not processed
- Cancelled service
Preventing chargeback for a dating website
You can reduce the number of future chargebacks for your Online Dating business effectively by implementing the following points in your industry.
- Develop a clear refund policy
- Make an easy cancellation process
- Explain policy visibly
- Use explicit billing descriptors
- Excellent service
- Identify suspicious users
Troubles you face while opening an Online Dating Merchant Account.
Many banks and financial institutes still consider dating sites as high-risk businesses. They don’t want to get involved in this industry due to the high number of chargebacks. It makes it tough to get an Online Dating Merchant Account.
For those accounts that are approved, a high processing fee can make it hard to run your business. Your business requires a merchant account service provider, who understands it and can offer a competitive rate.
Amald takes place here as a perfect solution for your high-risk industry.
Amald comes with a comprehensive payment processing solution for your online dating business. It assists you in getting Online Dating Merchant Account for your business with a suitable payment gateway for your business.
Benefits with Amald
With its several benefits, Amald plays a vital role in the growth of your business.
Integration with Amald is a just 2 minutes task.
A highly secured payment gateway:
With Online Dating Merchant Account, you get a payment gateway complied with PCI-DSS level I certified security standards and assured smooth and straightforward payment processing service.
Multiple payment modes:
You get various payment modes like a credit card, debit card, ACH, E-check, and other payment modes with Online Dating Merchant Account.
Diverse currency option:
Get a numerous currency payment processing service with Amald and allow your customers to pay in their desired cash option.
Responsive mobile interface:
Amald offers you a responsive mobile interface to make your payment processing service more responsive for your customers. It allows them to pay using any internet-connected smart device.
Prevention from chargeback: Amald verifies each transaction to avoid fraud transactions and reduce the number of chargebacks for your business.
Credit card processing for getting a wide range of customers for your business
The right Online Dating Merchant Account service provider can help you in increasing the number of customers and profit for your business and also makes the success ratio higher for your business.
With Amald, you get the credit card processing service for your business. It enables you to collect your payouts via credit card and debit card. Card payments are the most frequently preferred payment modes. Accepting card payment increases the profit ratio for your business.
Offshore merchant account to make your business visible globally
Online dating portals are famous worldwide. People are using this service in all age groups. It shows the vast opportunity available in the market to grow your online dating business globally.
Amald offers you the solution for your international payments with its offshore merchant account. It helps you in getting a global payment gateway for your online dating website and allows you to receive your amount from your customers globally.
Offshore Online Dating Merchant Account helps you in expanding your reach globally and in making more customers for your services.
If you are looking for an Online Dating Merchant Account, connect with Amald right away and get professional assistance in getting your payment processing service with us.