Adult Dating Website Statistics & Facts

Aug 28, 2014
2 Laptops with male and female avatars and hearts floating between themEvery 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 from 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!

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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