Domestic US Adult Merchant Account For Credit And Debit Card Processing
Your search for an advanced adult merchant account solution ends here. Our adult payment processing solutions are powered by top acquirers that process millions in transactions each year. Since 2016, QuadraPay has been assisting merchants from various high-risk industries, including those operating in the adult ecommerce industry. We can undoubtedly say that we have vast relationships with providers comfortable offering adult merchant accounts to qualifying ecommerce businesses. Since we work with multiple adult payment processors worldwide, we have an in-depth understanding of why banks say no to the adult industry. Let us look at the top reasons why banks say no to merchants from the adult industry.
Why Banks Say No To Adult Business Merchant Accounts?
Reputation Risk. The second reason is reputation risk. Financial institutions avoid associating with industries like adult dating, adult gaming, chat lines, cam sites, adult toy stores, and strip clubs because of the reputation risk.
Legal Challenges. The most common cause is regulatory and legal challenges. In some countries, this industry is considered taboo, so banks are naturally bound to say no to these applications. This is not the case with many PSPs and Banks in the USA, European Union, Canada, and the UK.
High Chargeback Ratio. The third critical reason is the high chargeback and dispute ratio. It’s pretty standard for many adult merchants to experience over a 1% dispute and chargeback ratio; however, there are ways to reduce it.
Adult Ecommerce Payment Processing
If you are an adult ecommerce merchant, you may have had difficulty getting a merchant account from a traditional bank or payments processor. Getting a merchant account from these institutions is not easy, and many business owners realize this too late. Unfortunately, they end up applying for a merchant account through the traditional methods of collecting information and risking their account being suspended. You don’t want this to happen to your business.
What is an Adult dating merchant account?
Erotic dating or adult dating is not a thing of the past. Many websites offer platforms for consenting adults to meet online. These platforms are social networks but primarily focused on adult customers.