Your dream of running an adult toy shop, book store, escort company, porn website or strip club is still far from reality if you haven’t figured out how to get an adult merchant account. The obvious reason being; most top banks won’t allow your credit card processors write adult related businesses. So if you want to begin accepting credit cards for whatever adult company, the best option you have is to visit a high risk payment processor sponsored by a bank that’s comfortable working with adult businesses
Fortunately, the process becomes rather simple after you’ve come to agreement with an adult merchant service provider like EMB. All you have to do is fill up an online application form, present a couple of documents (maybe a business check (voided) and a driver’s license). After that, the card processor’s underwriting staff will go through your application, and typically approve you in only a few days.
On top of that, you credit card processor should ship to you all the equipment you need. And for those planning to receive mobile or online payments, they’ll prepare you a payment gateway. Then you can start as taking payments soon as possible.
What do I need to apply for an adult merchant account?
The process of applying for such accounts begins with filling out a simple online form. And while nothing is a sure bet, the process is easier if your business is ready with the items below:
- A valid ID, e.g. driver’s license
- Voided businesses check or bank letter
- Recent bank statements (at least 3 months)
- Chargebacks under 2%
- A secure, functioning website
- EIN (Employer Identification Number) or SSN (Social Security Number)
The bottom line…
You will need to prove that you’re operating a legit business by presenting legal disclosures as listed by your card processor to be.
As soon as they’ve confirmed your company is legitimate, an underwriter will examine how risky your business is by looking at its bank statements, payment processing history, credit score, and your official website.