Every year singles in America spend more than $$82 billion on dating. This makes the United States dating market worth around $2.2 billion. More and more businesses and entrepreneurs are creating new and lucrative channels to capitalize on this booming industry. Now any industrious, open-minded individual can start their own adult dating app, website, or service. An adult dating merchant account with First American Merchant offers professional, 24-hour monitoring of your business transactions without excessive processing fees or transaction delays no matter which avenue you choose to start your adult dating business.
Adult Dating Applications
The latest Pew report states that 56 percent of Americans have a smartphone and many feel they can’t live without it. Smartphones and their accompanying apps have enabled our growing need for instant gratification which extends to our dating life as well. Why bother with blind dates, when you can find Mr. or Mrs. Right on your phone? As app-building software becomes less expensive and more available, tech-savvy entrepreneurs can also earn major bucks by creating efficient, and aesthetically pleasing adult dating apps.
Adult Dating Websites
Currently, online dating moguls like eHarmony and Match.com have a large share of the adult dating market, however, an increasing number of smaller dating websites are seeing an influx of members and profit. The average dating site customer spends more than $239 a year, which means dating via the internet is still a viable and profitable option for business owners.
Adult Dating Merchant Account
The adult dating industry has still not hit its peak, which means the time is now for serious business-minded people to carve their own niche in the market. However, staring an adult dating business requires capital and the opening of an adult dating merchant account, so that you can accept a range of payment options like credit cards and debit cards. Traditional payment processors and lenders won’t work with adult dating merchants because they are seen as a “high risk” enterprise. At First American Merchant, we specialize in working with high-risk accounts and will manage and fund your adult dating merchant account with the respect and professionalism it deserves. Don’t miss out on this new money-making venture.
Contact us to start your Adult Dating Merchant Account today!