Running a dating website can be challenging, especially when it comes to dealing with membership fees and how payments are processed. Most dating sites operate on a free trial with monthly payments to follow model. This is a model that we at MerchACT understand. Our payment processing solutions allow for dating websites to keep this model active without encountering any issues. We offer secure payment portals so you can accept multi-currency options, leading you to tap into an international market that would otherwise be unavailable. Our payment processing options are designed to make transactions quick, easy and simple so your business can thrive. MerchACT provides your dating business with the reliable, scalable and secure e-commerce solution to payment processing. Before you set up your merchant account with us, we will examine your business model and determine the best course of action.
Looking for processing love in all the wrong places for your Dating Merchant Account?
Are you looking for payment processing for your online dating site? We provide online dating merchant accounts designed to meet the special requirements of dating apps and internet dating sites. Having the right dating merchant account is vital to your success in an increasingly competitive industry. With over dating sites worldwide, and more being added every day, competition is fierce. PaynetSecure provides online dating merchant accounts specifically designed for credit card processing of online, in-app, and MOTO transactions.
Card payments are the greatest source of your cash flow.
Merchant Accounts for Online Dating Sites. The increasing popularity of online communication has turned our planet into a little global village. Modern people.
Although an online dating business is regarded as a high-risk and needs high-risk solutions for making your business work appropriately. PayCly fulfills your dreams with no hassles. With a reliable gateway to make your business work, you can look for an awesome transaction process. Our gateway solutions offer the best ways for enhancing your transaction process with the aid of our experts. You can call us or approach us through our website and get the right solutions for your business.
Want incredible solutions for your business; connect with PayCly experts to get the right solutions. PayCly offers a credit card processing solutions with Merchant Accounts for Online Dating which aids in swiftly maintaining your transaction process. Credit card offers incredible transaction once you go for it. You can maintain a transaction in a speedy manner. With fast solutions for your business, you can easily connect with many customers at a time.
Credit cards offer efficiency to your online dating business, supposed to be a high-risk business. Get solutions through credit card processing in a better manner from PayCly. PayCly offers 2d and 3d high-risk gateways with an Online Dating Merchant Account offering exceptional security to your transaction.
Merchant Accounts for Online Dating Sites
With all its subsets, the industry is undeniably lucrative, and even more so in recent years as stigmas about it have progressively faded. Banks consider the online dating industry high risk for three main reasons. The first is that it operates online, where credit card fraud is rampant, and the second is that it incurs a higher-than-average amount of chargebacks. Reasons for chargebacks include:.
The popularity of online dating grew exponentially over the last few years. The main reason: dating site chargeback issuances. Chargebacks are a surprisingly complicated matter. A chargeback is a form of forced bank reversal. A cardholder can call the issuing bank associated with the transaction and request a chargeback. There can be numerous potential chargeback triggers at different stages of a transaction. That said, we can trace all chargebacks to one of three fundamental sources: merchant error , criminal fraud, or friendly fraud.
Merchant error and criminal fraud chargebacks are preventable, but you can only stop friendly fraud after the fact by going through the chargeback representment process. You can prevent chargebacks , recover revenue, and reduce your costs of operation. The solution is just one click away. These disputes can add up in the long term, resulting in reputational damage and increased operating costs.
Ultimately, you could even be placed on the MATCH list and lose your ability to process payments if the situation gets out of hand. A chargeback ratio is a measure of your monthly chargebacks as a portion of your total monthly transactions. Breaching acceptable chargeback thresholds enforced by the card schemes can lead to your business being placed in a chargeback monitoring program , or even losing your processing account.
Dating Merchant Account
Finding a soulmate is as easy as shopping for clothes online. Technology has made every aspect of your life easy and looking for a life partner is no different either. What started as personal ads in the 90s, gained rapid resurgence after the introduction of dating websites and apps. The figures are only increasing rapidly.
What are the challenges while opening an Online Dating Merchant Account? There are various banks that consider dating sites as a payment.
We boast some of the world’s largest dating companies and we have dealt with a wide range of dating sites from adult dating, marriage sites, religious dating, LGBT, international dating to professional matchmaking services. The reason is, our knowledge and expertise in this sector is second to none. We maintain a vast network of banking relationships where we can place your dating volume, and we offer state-of-the-art anti-fraud tools to help protect your accounts.
We understand the unique needs of dating websites, and will be your advocate to maximize volume, reduce fraud and increase profits. From developing one of the Internet’s first payment gateways to implementing the industry’s most advanced fraud prevention technology, our team’s know-how is second to none. We are CPP certified, and have the banking relationships to get you approved where others can’t.
From merchant accounts to payment gateways, from ACH processing to chargeback prevention. Whatever your payment needs, we offer the expertise and solutions to make you more money.
Libby James is co-founder, director and an expert in all things merchant services. Libby is the go-to specialist for business with more complex requirements or businesses that are struggling to find a provider that will accept them. Libby is regularly cited in trade, national and international media. With over 1. Dating websites and apps are considered high risk by payment account providers due to historic chargebacks experienced within the industry.
Users more often than not sign up on a subscription basis for a set period of time and either wish to cancel or forget to end the contract, resulting in chargebacks.
‘s Fastest Growing Companies of Online dating websites use merchant account and payment gateways to accept credit and debit card.
Despite the incredibly lucrative opportunities within the online dating industry, the increasingly negative reputation is what has led many payment service providers to run for the hills, avoiding this industry entirely. Where does that leave our fearless online dating merchants, determined to succeed The online dating industry is huge and very profitable. Match Group, which owns sites like Tinder and Match. Without a doubt, love is big business.
Why the Online Dating Industry is High Risk Despite its profitability, however, online dating is considered high risk The high-risk classification of the service makes it a hassle to get a merchant account and payment processing solution, which are almost impossible to operate without. You have to conduct a detailed search to partner It seems like everything has moved online these days. Businesses, grocery shopping and now dating. With approximately 91 million interested singles between the ages of 19 and 45, it makes sense that many entrepreneurs would see launching a dating site as a lucrative business venture.
However, running a successful online dating site is not as simple as you might think The adult industry is quite lucrative. There is an increased number of merchants interested in an online dating business.
Online Dating Merchant Accounts
Over the last decade, the amount of people dating online has surged immensely. What once had a stigma attached to it now has become mainstream. Individuals have found that online dating takes much of the guesswork out of meeting people. Traditional sites such as Match. We have even seen a rise in the specific dating sites that target certain races, religions, sexual orientation and pastimes.
Online dating sites are notorious for excessive chargebacks. vulnerabilities and increase retention so you can ensure the longevity of your merchant account.
Contact us today and find the perfect match for your online dating merchant account in as little as 5 days. There are several types of online dating merchant accounts, from the unique niche-based business models to membership and subscription billing, PayKings can provide a payment processing solution for your company. Chargebacks are quite common when it comes to online dating merchant accounts and this can happen for a number of reasons, but regardless of why, these chargebacks will categorize your business as high risk — which just means that your online dating company will be looking for high risk merchant accounts.
You may also incur chargeback fees in the case that a married person finds their partner on a dating site, and when confronted about their involvement on the site, the member typically files false charges and denies any authorization of the membership fees. Aggregate payment processors like PayPal, Stripe, and Square do not allow payment processing for high risk businesses similar to those who are in the online dating industry.
Paykings makes payment processing a seamless experience. When you work with true experts in the field, everything runs so much smoother. We specialize in working with high risk merchants, like your business, and we have multiple acquiring banking partners that offer Online Dating Merchant Accounts. Think of us as your one-stop-shop for all your payment processing needs. Stop waiting. Contact us today and find your perfect match in as little as 5 days. Skip to content Contact Apply Now.
Looking for processing love in all the wrong places for your Dating Merchant Account? Got Payments?