MERCHANT STRONHOLD
MERCHANT STRONGHOLD IS THE #1 HIGH RISK MERCHANT SERVICES PROVIDER
Introduction About Merchant Account For Online Dating Statistics shows that Online Dating industry is changing perceptions and dynamics within social norms regarding Online Dating and relationships among adults. Online dating websites are growing 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. 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 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 end up with a termination of the merchant account.
THE REASON YOUR BUSINESS FALLS UNDER A HIGH RISK CATEGORY LIKE ONLINE DATING IS:
High Charge-backs: In the adult Online Dating industry there is a higher probability of chargebacks. This is the most critical factor for conventional banks when they consider an application for such a high-risk business. Stability: Online dating Industry has instability issues that makes it high risk. This industry has shown rapid growth in past few years but has the stability issues with it that makes this industry a high risk industry. Perception: Regardless of your website, how honest your business is this industry carries the risk of association with the escort services. Association with escorts can lead to cases against business and no business, merchant account provider want unnecessary reputation risk to them.
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
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.
CONTACT INFORMATION Address: 10300 49th Street N Suite 427 Clearwater, FL 33762 Contact No: +1 (888) 622-6875 Fax Number: +1 (844) 465-4723 Email: info@merchantstronghold.com Website: https://www.merchantstronghold.comÂ
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