Yes, you can definitely accept international payments for your tarot or psychic reading service. However, you will need an international payment processor. It is equally important for you to position your profile correctly in front of the payment processors for approval. You must also note that mainstream payment processors such as Stripe, PayPal, or Shopify payments, they are generally not very much comfortable in supporting merchants from high-risk industries, including divination services. This simply means that if you go to a low-risk payment processor then the stability of the account might always be in question. Your chances of account approval can significantly improve with processors that explicitly confirm that they support spiritual services.
The core issues is primarily with the card companies they clearly classify any kind of divination services as high risk. This is primarily because of the risk of chargebacks and customer disputes. It is quite common for customers in this industry to raise disputes on charges claiming that the reading that the practitioner or the specialist provided did not deliver promised results.
Or sometimes they even say that the advisor was not accurate in analyzing the situation or predicting the future. Or sometimes they simply ask for money back because they change their mind. When you add international payments to psychic or tarot reading services, you are basically amplifying the risk and this is because of certain factors such as the language barrier and the cross-border transactions.
All of this makes chargeback defense extremely difficult and that is why banks and PSPs usually have rolling reserve terms and conditions in place. If you are really looking forward to get a merchant account for your psychic or tarot reading or horoscope or astrology business, then you should explicitly start by stating the required MCC during the application process. You should use MCC7392, which is for consulting services, and you should avoid using MCC7999, which is for miscellaneous services, not elsewhere classified.
You should always be ready to provide clear evidences of your service delivery. This includes recorded sessions, written conversation summaries, or platform documentation. For international credit card processing acceptance, you should use a processor that offers multi-currency support and preferably is located in your customer’s home country.
For example, if your customers are primarily in the European Union, then you should work with a processor that is registered in the European Union although such processors may also allow you to accept a small percentage of international traffic, but the majority of traffic should come from the same region.
You should also build a strong refund policy that is firm and clear, this will help you to reduce the risk of friendly fraud disputes significantly. It will also help you if you consider requiring prepayments or deposits rather than post-service billing. All the popular platforms like AstroTalk and others, they use a top-up system in which the customers, they upload funds on their wallet and they continue using the funds for prediction as well as telephonic readings.
PSPs offering High-risk merchant accounts for spiritual services will generally accept you, but they will offer terms such as elevated processing rates, which is generally between 2.9% to 4.5% plus a per transaction fee. They may also have a monthly minimum volume requirement and sometimes they may even have rolling reserves of up to 10%.
To keep your account active for a long time, you must keep a close track on your chargeback ratio. Always try to stay below 1%. This will keep your account stable, but if it goes above 1%, then it may trigger immediate account review and also potential termination.
If you are currently looking forward to get a merchant account for your psychic business, tarot card reading services, astrology services, or horoscope business, or even numerology business, then feel free to contact Quadrapay. Our team specializes in supporting merchants from such industries. Apply now.