Online dating merchant accounts are
very popular as the increase in dating
websites evolves throughout the US and the
world. These businesses are grouped with
high risk businesses since there is a higher
chance of fraud and chargebacks associated
with these types of businesses. Dating
merchants and their websites are considered
high risk for a number of reasons. As with
most businesses considered high risk, dating
is a service only business with no product.
There is no guarantee that the customer
actually receives what they are purchasing.
A product based business would have a number
of factors that would give evidence that the
product was shipped and received.
Dating websites have fraud protection
tools however if someone is using a credit
card that is actually theirs and they
chargeback the sale there is no way of
protecting against this. The banks call this
friendly fraud. Tracking IP addresses and
sending out confirmation emails is the best
way to combat this. Some payment processors
have a black list of cardholders that have
filed chargebacks before. Declining orders
or payments from these customers will help
to avoid friendly fraud. Dating merchants
have worked to avoid fraud and unhappy
customers by providing refunds right away.
If a customer complains they are credited
back within days. No questions asked. This
is the best way to limit chargebacks.
Offshore Merchants is able to setup
your dating website with payment processing
services. If your business has previous
processing history it will greatly assist
your business with approval at a competitive
rate. If you are planning on starting an
online dating website, you will need to
provide the payment processing with
financial documents in order to prove that
your business is stable enough and able to
expand. Payment processors do not like
servicing small merchant accounts.