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ADULT MERCHANT ACCOUNTS FOR ADULT BUSINESS

Adult merchant accounts fall under High Risk category of accounts. They are not the same as regular merchant accounts. The regular merchant accounts are not associated with high risk. There is such a sub-division under merchant accounts since businesses have their own percentage of risk involved and thus there is a need for arrangements that will ensure receiving payments online by way of checks/credit cards. As a general rule, majority of the providers of merchant account like credit card processors/banks are not comfortable with providing merchant accounts for adult service businesses since a high risk is involved.

THE PAYMENT METHODS THAT ARE AVAILABLE IN ADULT BUSINESS

It is common to have 2 methods of payment in adult businesses. The methods are – a one time fee and a periodical membership fee (or monthly). The different payment methods have different disadvantages and advantages associated with them. A one time fee will ensure customers’ loyalty thereby helping to build a good base of clients which in turn can make the business popular in addition to ensuring quality. On the other hand, a monthly fee will bring in guaranteed income month after month. Adopting any of these ways of payment is good for generating revenue for the service providers.

WHAT CAN BE DONE FOR INCREASING PROFITS OF ADULT BUSINESS

Though it is difficult to implement and run the payment methods initially, later on it will prove to be beneficial and add to the profits. But, even after earning sufficient profits, it is important to maintain the standards of quality. After establishing the business, the service provider of adult business can very well concentrate in expanding the business by promotional efforts that target Internet customers and customers of other channels of media. Also, this becomes the right time for planning merchant accounts so that payments can be facilitated using credit cards.

At this stage, it is common to come across the situation of most of the merchant account providers charging very high rates that can even be 20 percent. It is hard to avoid this rate since most of the account providers will not be keen in such customers. This will be a blow for adult businesses since it is not easy to part with 20 percent of the profit to the merchant account provider. This will have the effect of the service provider having to make some compromise in the quality. In addition to this, there will be also be a need to collect a large price for the service offered and the service provider must be even prepared to lose customers who cannot pay the stated amount as it may not suit their pockets.

Do a thorough search and find reasonable merchant account providers and make sure that payments are received on time via online method of payment. The facilities that merchant accounts offer are regular billing, facilitating one off transactions, variable billing in addition to deploying software that are popular in the fraud protection arena. The application process too is not tedious. Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.