Adult Companies offer echecks to boost up revenue, attract new sales and reduce the cost of processing payments. Echecks can be used as a supplementary payment method and are often more affordable in terms of processing payments. What’s more, they help increase sales in adult merchant accounts by 8-20% from customers who lack credit cards or just prefer to pay bills with echecks.
Adult companies, as well as other retailers with a recurring billing model, should consider echeck which makes payments less costly. Retailers should capitalize on recurring billing as buyers develop purchasing habits from a single service provider after getting introduced to a recurring billing system. You can also take advantage of consumer buying habits by introducing echecks to your adult business.
How you can use eChecks for your Adult Merchant
Adult accounts that allow echecks permit customers to make purchases with funds from their savings or checking accounts instead of using their credit cards. At checkout, the buyer keys in their routing and account number instead of a card number. The amount the customer wishes to pay is then debited from his/her account and credited to the retailer’s account. If the transaction is successful, a confirmation email receipt is sent to the buyer.
If you are the company owner who still wonders if consumers will go for echecks when cards are the most accepted method of conducting transactions online, then it’s time you heard the good news. Businesses who have added echecks to their adult merchant accounts are enjoying its great benefits.
About two in every four Americans have no credit cards. 25% of those with credit cards are either close to being maxed out while the rest have already been. It is therefore obvious that you lose by excluding echecks in your account.
Most households in the US have savings or checking accounts. Adding eChecks as an alternative payment method for adult merchants grants a company access to millions of customers who cannot purchase with cards.
It’s also clear that balancing payment options with electronic checks makes processing payments even cheaper. eChecks are less costly to process compared to cards. In fact, reasonably priced echeck processing rates often save companies over 50% as compared to similar rates for card processing.