New-Age Payment Solutions for Adult Industry Merchants

Nov 26, 2019

Adult entertainment existed even before the dawn of eCommerce, but the shift to online platforms has unlocked the industry’s full potential and seen it grow to a billion-dollar venture. Not that it wasn’t profitable before, only that it operated behind the scenes and its goings-on weren’t scalable.

What eCommerce did was weed out bad players, registered the sector in the financial system, improved authenticity and the quality of services, and provided a legal and secure way to do business.

And the sector is still improving on the above as eCommerce grows to ensure customers have a better experience tomorrow. Part of the improvements we see is how easy it has become for retailers in the adult entertainment sector to open merchant accounts and set up electronic payments for their clients.

Previously, adult entertainment service providers were turned down by banking institutions who were the main account providers back then. For banks, concerns were, and are still, that;

  • Erotic businesses are prone to reverse charges or chargebacks
  • Businesses in this sector aren’t reputable.

Thank goodness a whole new era of thoughtful high-risk merchant account providers and payment enablers like eMerchantbroker have come to the rescue of these long sidelined merchants.

What Advantages do New Service Providers Offer?

  • A reliable and safe solution with very fewer fees.
  • Secure payments via a safe gateway.
  • A payment gateway to help you take web-based payments worldwide.
  • A trustworthy network of worldwide financial institutions to accept your merchant account without a hassle.
  • Daily or weekly settlement.
  • Quick & simple approval.

Partnering with the right providers makes the signup process much easier and ensures you get enough support once you’ve started taking payments.

Considerations when Picking an Adult Merchant Account

  • Pricing

Adult payment processing is high-risk credit card processing so it comes with different fees and fee requirements which vary by service. Fees also vary by provider and in most cases, pricing is set individually for every merchant.

Again, adult entertainment account and payment processing rates fluctuate with season. Study trends and watch out fluctuations that can impact your bottom line.

  • Create a Reserve account

Having backup finances in a separate account helps you weather the storms of running an erotic business.

It also presents you as a financially savvy retailer to your account provider and increases your chances of qualifying for an account.

Must-have Documents for Your Adult Merchant Account Application

Most account opening services will ask for the following;

  • Copy of your passport
  • Government-issued photo ID
  • Business license
  • Business utility bill
  • Voided checks
  • Three months of business bank statement and personal bank statement

Requirements may vary from service to service but most new-age merchant account services do not ask for too much.

Final Words

Grow your erotic business with an easy-to-open adult merchant account that offers all the solutions you need to start taking payments locally and globally.

Let us help you get a high risk merchant account 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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