Adult dating websites are all the rage, both for merchants and consumers. Commercials and internet ads are sending single guys and gals to these sites, looking for the perfect mate. While consumer use is growing, so is the money that these merchants are making. While the money is great, there are issues when it comes to processing these payments.
Most adult dating merchants know that finding an adult dating merchant account is tough. Instead of looking high and low for one, many turn to Apple Pay for their payment acceptance needs. However, problems quickly arise with Apple Pay. One aspect of Apple Pay that seems great is that transactions are not stored. While this may seem great for security reasons, a problem arises if there is a transaction dispute. Apple Pay does not store data, so you cannot dispute a transaction with them, as you could with your card company. On the other hand, your card company will tell you to dispute it with the merchant – and Apple Pay. This can quickly turn ugly, with consumers losing money, as well as the fear of them accusing you – the merchant – of stiffing them of a refund.
Apple Pay may work for small merchants with sporadic business, but not for adult dating websites, who typically have high rates of business. For this, you should take the time to look for an adult dating merchant account. While many are offered, few actually deliver. You need to search for a company that has great processing rates, as well as staff that is experienced in the business. Many times, merchant account processors are not well educated in the areas that they are providing accounts for. Before signing on with a processor, ask questions. This is one of the most important things you will obtain for your business, and you need to make sure that you are making the best choice for you, your business, and your customers. While you can hire and fire staff fairly easily, replacing a merchant account is not so easy, especially for adult dating merchants.