Since the start of the pandemic, most people worldwide were forced to stay home to halt the spread of the virus. Most service-oriented, customer-facing industries suffered tremendously due to their brick-and-mortar businesses being shut down. One of the few industries that fared better was online media and entertainment services. One particular sector, online porn, experienced a dramatic surge in the...
Since the outbreak of COVID-19, many people found themselves stuck at home, with little to no personal contact with others. With their only companions being the Internet and their smartphone, customers have helped the adult industry explode as it joined forces with modern-day technology to fulfill customers’ needs. Today, the adult industry continues to be highly profitable, with some researchers...
Grand View Research reported that the size of the e-cigarette and vape market size was valued at as much as $6.09 billion back in 2020. But it is also set to expand at a compound annual growth rate of 27.3% from the years 2021 to 2028. Worldwide vaping sales alone are expected to hit $40 billion by the year 2023....
Due to the nature of their respective verticals, high-risk merchants have often turned away from traditional payment processing. Why? High-risk businesses are more prone to chargebacks and fraud. Although the risk is inherent in every business, high-risk businesses are attacked at higher rates than low-risk businesses. What Other Activities Subject Businesses To The High-Risk Category? There are a number of...
According to Statista.com, it is predicted that by the year 2024, there will be almost 280 million customers using online dating platforms. The “global revenue” of matchmaking dating services is forecasted to reach well over $2.5 billion, also by the year 2024. Allied Market Research cites that this growing trend in the last twenty years is a result of the...
According to a new Grand View Research, Inc. report, the online event ticketing market size is projected to hit $67.99 billion worldwide by the year 2025. This increasing demand for online ticketing is related to the growing accessibility of the Internet. It is also attributed to an increase in disposable income, which gives way to a rise in discretionary spending...
Running a business is not without risk. Competition, security and fraud, compliance with regulations, protecting your reputation, and a myriad of other challenges make operating an establishment quite an unsettling journey. When it comes to running a high-risk business, the stakes are even higher. Your business can be labeled high-risk if you meet at least two criteria: if you operate...
The financial industry is teeming with risk. There is theft, fraud, and defaulted loans. Companies struggle to mitigate risk in order to keep more of their profits. There are certain industries where there are higher incidences of both fraud and chargebacks. These industries are categorized as “high-risk”. When it comes to payment processing, being labeled as a “high-risk” business does...
With the sales of cigarettes changing all across the country, it is no surprise of a change in the e-cigarette industry. Finding a merchant servicer that wants to do an electronic cigarette merchant account may not be the easiest task of the day. This account will likely fall into the high-risk merchant account area, but don’t panic. A lot of...
