First Card Payments has over 20 years experience as an online merchant processor. This financial success can largely be attributed to our Millennial and Generation Z population, who are extremely at home with the internet and live in a high tech world, preferring to participate in all things electronic, specialized and convenient. With the forecast ahead looking good and the audience in place, it stands to reason that opening an online dating service would surely be a highly successful endeavor. Get Approved Today! Comment Submit. The Online Dating Industry, much like the Adult Entertainment Industry, brings with it a myriad of complications inclusive of legalities, age restrictions, possible fraud and customer dissatisfaction. In fact, customer dissatisfaction is a major problem for dating services in particular. Credit card companies are known to generally back up their card holders, resulting in chargebacks, whereby the bank pulls the money back from the company in question and returns it to their customers. Heavy amounts of chargebacks raise a huge red flag for banks and credit card processors.
Dating Merchant Account
A merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. When a customer pays for a product or service with a credit card, the funds are first deposited into the merchant account and from there eventually transferred to the business bank account. Transfers to the business account are normally done on a daily or weekly basis.
Merchant Accounts for Online Dating Sites. The increasing popularity of online communication has turned our planet into a little global village. Modern people.
This is mostly due to the high volumes of transactions, chargebacks, frauds and highly regulated legal framework. So, it is important to find a Merchant Account service provider who understands the complete dynamics of the industry, its compliance regulations, legal aspects, disputes, and frauds. If you are running a membership-based or subscription-based online dating service and are looking for a reliable Payment Solutions Provider, you have landed at the right place!
We, at Radiant Pay, not only offer customised solutions for your industry-specific needs but also ensure continued support for your Merchant Accounts. What are you waiting for? We understand the multitude of challenges you face while dealing with high transaction volumes, especially considering the flexible online payment options you offer to your Customers like one-time membership payment or instalment-based payment EMIs on credit cards.
You will fall in love with how the high risks of your business seamlessly convert to high profits! With Radiant Pay’s Merchant Account Solutions, it is very simple to match your goals with actual earnings. We employ the best technology and customer support to give you the best that your business deserves. Submit your requirements in the form and speed track your approval!
Credit Card Processing for Online Dating
If you offer online dating services, Double Helix Processing can help you get the merchant account you need. Double Helix Processing will pair your online dating merchant account with the most compatible payment processing relationship for you and your business and a match you will fall in love with. There are many types of online dating merchant accounts, from the unique niche-based business type to the average and adult.
Adult dating is usually structured in a membership and subscription-based billing, Double Helix Processing can provide a payment processing solution for your company. Chargebacks are common and challenging when it comes to online dating merchant accounts and this can happen for a number of reasons, but regardless of why, these chargebacks will categorize your business as high risk.
Find out your rates for your site. Fill the bellow form and we will get back to you with decision. Free signup, no setup fees, offshore merchant account. Apply for Reseller account! About us. Apply now!
Looking for an Online Dating Merchant Account?
We all know about top dating sites and apps like Tinder, Bumble, Match. Since online dating is a popular trend, many Offshore payment service providers offer credit card processing to this industry. Still, some do not prefer working in this industry because of few factors like High Chargeback Ratio, reputation damage and the tendency of some fake merchants to use it as a Miscoded solution so that they may sell something else that may not be legal.
Over the last decade, the amount of people dating online has surged immensely. What once had a stigma attached to it now has become mainstream. Individuals have found that online dating takes much of the guesswork out of meeting people. Traditional sites such as Match. We have even seen a rise in the specific dating sites that target certain races, religions, sexual orientation and pastimes.
No matter if you like the concept or not, online dating has become the new norm to meet that special someone. Credit card processing for dating sites can present a higher level of risk for payment service providers. This is mainly due to the fickle nature of the customers who use these sites, which may cause headaches for the merchant when trying to obtain online dating credit card processing. Some customers may pay the monthly fee, only to be unimpressed with the selection available or the overall results.
Others may find a match quickly and no longer have use for the site, and thus want to cancel their membership. Some folks have negative experiences with other users that make them want to abruptly cancel membership and obtain a refund. In all these cases, chargebacks can become an issue. Unfortunately, any chargeback negatively affects an online dating merchant account, regardless if it was valid or not.
Online Dating Services Merchant Accounts
While being at a small scale or a large scale worries bombard you and keep you away from earning potentially! If you own a website with the following intentions or services. As you decide to take an Online Dating Merchant account either chat with our sales person who will explain you online by just chatting now option you click. All the information is available. Also if you avail for that offline merchant account opening, our relationship manager will assist you from the very first day!
All you need to provide is identification proof, 3 months either a business bank account or personal bank account for the same period also total sales.
Unfortunately, because your business is considered as high-risk by financial institutions, gaining access to safe, robust, and reliable dating services credit card.
Online Dating Services Merchant Accounts. At Leap Payments our goal is to make sure that your business can process credit cards. We can support industries considered by some to be high risk with domestic and even off shore solutions, so your business can accept credit cards. Online dating is a thriving industry. When you can scan profiles and begin safely chatting with someone online- hanging out in some gin soaked bar seems downright medieval!
Naturally, due to the electronic nature of online dating, you need to secure safe and reliable online dating credit card processing before you can even think about doing business. This is important because one; you will be holding a lot of the personal information of your clients- personal information that is attached to their bank accounts and credit scores, and two; because your sales are going to happen almost exclusively online. Unfortunately, because your business is considered as high-risk by financial institutions, gaining access to safe, robust, and reliable dating services credit card processing can be a challenge.
Credit card processing for dating sites and apps
Libby James is co-founder, director and an expert in all things merchant services. Libby is the go-to specialist for business with more complex requirements or businesses that are struggling to find a provider that will accept them. Libby is regularly cited in trade, national and international media. With over 1. Dating websites and apps are considered high risk by payment account providers due to historic chargebacks experienced within the industry.
Users more often than not sign up on a subscription basis for a set period of time and either wish to cancel or forget to end the contract, resulting in chargebacks.
Get a high-risk Online Dating Merchant Account for dating website and buisness from accept Credit, Debit and Echeck members can easily make the.
Online dating and mobile dating apps have gained popularity and acceptance in the digital age. DigiPay Solutions is a recognized payment processing brand among leading online dating service providers. DigiPay works closely with online dating service partners, providing tailored solutions and timely advice to national and regional service providers, while helping them maintain the highest standards of banking and payment card industry compliance. A study by Pew Research Center found 15 percent of Americans have used online dating, 41 percent know someone who uses online dating, and 29 percent know someone whose online dating experience culminated in marriage or a long-term partnership.
Research associates interviewed 2, adults, 18 years of age or older, living in all 50 U. Proper classification is vitally important to prevent funds from being held in reserve for misrepresentation. Top performing online dating service companies have impressively scaled their organizations by creating a comfortable and safe environment for people to browse personality profiles and look for someone with similar beliefs, interests and tastes. Established in by Dr.
Neil Clark Warren, eHarmony is an online dating site that uses algorithms to match people with optimally compatible partners, by identifying key areas and personality traits. The subscription site averages more than 4 million unique visitors per month, according to Forbes Magazine. Launched in April , Match.
Online Dating Merchant Accounts
Online dating sites are increasing in large numbers. There are common websites like matrimonial or like the Kindle which helps in getting the soul mate online. It is the best time or the opportunity for the new business to enter the online dating services also good for existing dating businesses. Now everyone is digital, so demand for online dating websites are also high.
Although an online dating business is regarded as a high-risk and needs high-risk solutions for making your business work appropriately. PayCly fulfills your dreams with no hassles. With a reliable gateway to make your business work, you can look for an awesome transaction process. Our gateway solutions offer the best ways for enhancing your transaction process with the aid of our experts.
You can call us or approach us through our website and get the right solutions for your business. Want incredible solutions for your business; connect with PayCly experts to get the right solutions. PayCly offers a credit card processing solutions with Merchant Accounts for Online Dating which aids in swiftly maintaining your transaction process. Credit card offers incredible transaction once you go for it. You can maintain a transaction in a speedy manner.