Big Money for Tinder Dating App

Sep 09, 2014

Tinder, the dating app that got its most notable press around Winter Olympic time, is set to explode around the 1 billion dollar mark at the end of 2015. With over 1 billion “swipes” per day, Tinder is the leading hook-up and dating app on the market. While these numbers are promising for Tinder, they are also promising to the entire online dating market.

Online dating is not new; in fact, as long as the internet has been public, there have been forms of dating websites, from online chatting and messaging to Skyping websites. It has always been a lucrative field to invest in, but the recent surge in its app popularity has really made it simple to invest in. Apps require little investment, aside from someone to create the app for you, and the knowledge to keep it monitored and secure. Though lucrative and a reasonably fun field to enter into, it can be hard to find a payment processing source. This is because online dating websites and apps are notorious for having fraudulent activity. This fraudulent activity can cause a $9.99 monthly fee to quickly become a $90 fee that you, the merchant. One too many fraudulent charges can cause a bank or traditional merchant account processor to drop your merchant account like a hot potato. While this seems like a bad thing – and it is – there is a solution.

eMerchantBroker.com is the top-rated online dating merchant account processors in the United States. While others will turn you down, or quickly dump your account, we at EMB know that a merchant account is a must for your business, and we will not punish you for your past, bad credit or fraudulent charges charged back to your account. In fact, we will help you determine if the charge is actually fraudulent with our optional chargeback insurance.

For your online dating merchant account needs, contact us 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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