MERCHANT STRONGHOLD INSTANT APPROVAL MERCHANT ACCOUNT FOR ONLINE DATING INDUSTRY
Statistics show that Online Dating industry is changing perceptions and dynamics within social norms regarding Online Dating and relationships among adults. Hence, online dating websites are growing in popularity as well as profitability in today’s world. The first and foremost requirement for the operation of your business is the need for a merchant account. However, finding a merchant account for your business can be the difficult task as your business falls under a high risk business category. As a result, It doesn’t matter which one you choose. If you get too many charge-backs your merchant account will be closed no matter what you do and you won’t be able to get a new merchant account.
Businesses that have high refunds and returns lead to charge-backs are considered high-risk businesses. The main issue is that Visa and MasterCard have such strict guidelines regarding the maximum number of charge-backs a merchant can have per month. Exceeding of these limitations puts merchant in a special monitoring program of the card company and the acquiring bank. Such “special� treatment leads to the penalties and ends up with a termination of the merchant account.
THE REQUIREMENT OF OFFSHORE START-UPS ONLINE DATING WEBSITE MERCHANT ACCOUNTS 6 months of business banking statements If no business banking statements, 3 months of personal banking statements Approvals: 5 business days to two weeks So, when people pay for love but they don’t find out, they ask for their money back. With more than 2.1 billion in annual revenue. There is huge profit-making potential in this industry. But securing against some of the riskier aspects of the business is going to be crucial to securing a payment processing partner. With due process and research, you can find an adult merchant account for your adult dating website.
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