Like any other legitimate business, escort businesses deserve the opportunity to secure the credit card processing they need to help drive sales and raise profits. However, the majority of the time, this is easier said than done. Those in the adult industry experience many obstacles when attempting to secure the credit card processing that they need to successfully operate their business.
The adult industry, and therefore escort businesses, are considered to be “high risk” by traditional providers. Many larger merchant account providers refuse to work with high risk businesses for various reasons. For online escort services, the main reason that they fall under this categorization is due to this business type falling under the card-not-present type of transaction. Because many companies classify this type of business as a high risk business venture, it is difficult for online escort services to secure the credit card payment processing they need.
The first step is to begin seeking a merchant account through your local bank to find out whether or not they have and are willing to offer you a merchant account. If denied, the second course of action is to begin researching alternative options. Many alternative providers specialize in working with businesses that are otherwise categorized as being high risk.
With The High Risk Guys, for example, you will not only find a specific escort merchant account that is tailored to your needs, but you will also be offered a safe and efficient software, terminal and securities. Unlike with traditional providers, an alternative provider such as The High Risk Guys offer a speedy application approval time. The approval time period can be in as little as 48 hours.
Not taking the time to select the perfect credit card processing solution from the start can mean lots of problems popping up down the road. High risk merchants are extremely vulnerable to chargebacks, fund holds and placement on the TMF/MATCH list. Taking the time to thoroughly research alternative providers, the services that they offer and how comfortable they are with working with high risk businesses can save you time and stress in the future.
If you’ve struggled securing the credit card processing your business needs in the past, consider the options an alternative lending provider can offer you today – despite the “high risk” involved. Just be sure to take your time, interview the company, examine their software and securities and find the best fit for your business’ needs.Get Started Now