For business owners in the adult industry, merchant accounts are notoriously difficult to get approved and maintain, let alone be happy with! You are a professional – shouldn’t your adult Merchant Service Provider be one as well? Why is it so hard to establish a dependable adult merchant account? How do you find a good one?
Why are Adult Merchant Accounts difficult to get approved?
When it comes to credit card processing for the adult industry, many acquiring banks have adult entertainment on their prohibited merchant list. The reasoning behind an acquiring bank not wanting to provide merchant accounts to the adult industry comes from a variety of areas including public perception, masked illegal activities, and an industry that tends to carry a high percentage of chargebacks.
Due to the low number of banks willing to offer merchant accounts to the adult industry, business owners are frequently treated poorly. Often times even when an adult entertainment business is able to establish a merchant account they are charged astronomical fees of up to 25% to accept credit cards!
So how do you find a good adult merchant account provider?
The first thing to consider when you are looking for a high risk merchant account in the adult industry are the 3 R’s the reputation, reliability, and respect.
Reputation – This is perhaps the most important. Do your diligence on not only the provider you are dealing with, but the representative themselves. The Merchant Account Provider should have a minimum of 5 years experience in the High Risk merchant services sector. It is important that they understand the high risk side of the industry. Additionally look for a representative who has taken the time to earn their ETA – Certified Payment Professional degree. In high risk payment processing reps tend to come and go quickly, leaving you with a big contract, high processing rates, and poor service. Your business deserves someone who cares about your success and is professional enough to dedicate themselves by attaining the only certification in the industry.
Reliability – This comes back to the high risk merchant account provider’s experience in the industry. The high risk merchant services industry has a lot of turnover because there are so few reliable merchant account providers out there. Your Adult Industry business needs a merchant account provider who not only has a long history in high risk payments but the portfolio and services to back it up. Without that, there is a high likelihood that your high risk merchant account will get shut down.
Respect – Maybe the most important key factor of them all. Your business deserves a high risk merchant account provider who not only respects your business but wants to help you succeed. Without respect you can expect poor service, consistent rate adjustments, and unreliable services.
A high risk adult merchant account provider who meets the 3 R’s, like Bankcard Brokers, can make accepting credit cards for your Adult eCommerce, membership, or retail business painless and affordable.
Bankcard Brokers offers the most dependable adult merchant services solutions.
At Bankcard Brokers we are able to help just about any business model including streaming videos, membership sites, strip clubs, magazines, live webcams, toys, and novelties. We do, however, have a list of prohibited Adult Merchant content including incestual, bestiality, child or underage pornography, and content containing extreme violence.
Whether you are just getting started in the adult entertainment industry or are a seasoned veteran looking for a more dependable and service oriented adult merchant services provider – Bankcard Brokers has the perfect solution for your business.
- Robust secure gateway that ensures every transaction meets the lowest qualifying interchange category while protecting your customer’s information
- ETA-CPP certified representatives
- Both domestic and international solutions
- Chargeback prevention and management program
- Domestic 24/7 support
- Guaranteed Lowest Rates
- Multi-Currency/Dynamic Currency Exchange Processing
- With multiple solutions available we can assist with load balancing
- Recurring billing
- Easy access to past transactions and customer information
Want to learn more or just get started right away? Give us a call, one of our friendly certified payment professionals will be happy to discuss the best solution for your business.