Online dating sites are bigger than ever before. In an increasingly digital world, more and more people like the idea of finding their soulmate online and believe that it is possible. Success story after success story proves it.
Even so, things are not as straightforward or easy for the companies that provide online dating services. Any business that falls within the adult sector is considered high risk. This means that most – even the world’s top processors – shy away from working with the industry. Unwilling to complete the underwriting process, these traditional processors leave online dating services without a means of processing their customers credit and debit card transactions.
Every online business relies on a merchant account. Without a way to process plastic card payments, the customer base would be virtually zero. The main reason this business type falls in the “high risk” category is due to frequent, fraudulent activity.
High risk processors offer a solution
For this reason, alternative providers like EMB have stepped up and developed a service that meets this lucrative industry’s needs. Specifically, a dating merchant account. We understand the risks of the industry and the challenges these companies face. As a high-risk specialist, we are well equipped to help with these obstacles and more than willing to do so.
EMB offers state of the art terminals, software, and security, to help ensure that your customers’ information is secure. While other merchant account processors penalize high risk merchants for chargebacks, EMB does not. Our team understands that chargebacks are a risk of being in the high-risk processing industry, and will not turn you away for it.
How to get a dating merchant account
One of the biggest advantages of working with an alternative lender is that the process is typically very straightforward and fast. The provider’s underwriting team reviews the application quickly. When you apply for a dating merchant account with emerchantbroker.com, the application itself can be completed in a matter of a few minutes. Even better, dating merchant accounts are approved in as little as 24 hours. The requirements are simple:
- A valid, government-issued ID, such as a driver’s license
- A bank letter or a pre-printed voided check
- 3 months of the most recent bank statements
- 3 months of the most recent processing statements, if applicable
- SSN (Social Security Number) or EIN (Employer Identification Number)
- Chargebacks must be under 2%
With emerchantbroker.com, our team helps you learn the ins and outs of setting up a dating merchant account. No VISA/MasterCard registration is required.
Get the Support You Need to Fight Chargebacks
You can also take advantage of our antifraud tools and chargeback protection and prevention programs. A chargeback occurs when a customer disputes a debit or credit transaction. This can grow into an even bigger problem if you wait too long to take action and dispute the chargeback. Emerchantbroker.com offers you the support you need to successfully fight chargebacks and protect your bottom line.
Emerchantbroker.com has partnered with Verifi and its new Cardholder Dispute Resolution Network (CDRN) and Ethoca’s alert system to create an industry-leading alert and prevention system. Because the CDRN works with banks and card issuers, you have control over resolving credit transaction disputes. Offering alerts and the resolution network allows you to achieve the greatest rate of chargeback resolutions – with direct input in the process.
You can also expect:
- No Application Fees
- Competitive rates
- No VISA/MasterCard Required
- Secure Payment Gateway
Never miss out on an opportunity again. Our dating merchant account ensures your customers’ have a convenient payment experience with multiple payment options. Focus more on growing your business, and less on the technical details. Our team has you covered.