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First, they are closely associated with fraud and chargebacks – that’s why they are subject to government scrutiny and various regulations.Second, high-risk businesses often have a doubtful reputation.Opening this account shows the merchant that you take your business seriously. Before you get approved for credit card processing for adult video sites, it’s critical to get certain documents ready.Must-have papers are listed right below: If you get approved quickly, you get a higher chance of bringing in more revenues, making payments on time, and building up your business as a low-risk venture.Take notice, they are called high-risk not because they are unprofitable.Instead, they are deemed so due to a close connection with fraud, refunds, and chargebacks.If you provide easy, non-cash payment methods, chances to encourage impulse buying increase. Most credit card processing companies that work with adult websites will require you to set a certain fraction of your sales aside.In high-risk merchant services, the only way you to do business successfully is to pay higher. In lay terms, it means opening a different account which the processor can access if any losses happen in the future.
Our customised and scalable solutions can help your business qualify for credit card acceptance from a vast pool of offshore banking partners at a convenient charge.
If you have had previous merchant accounts closed, or you have faced any bankruptcy proceedings in the past, you have a zero chance to succeed. However, if you have a good explanation for them, you might just be lucky.
If you are currently being charged a higher rate because of these factors, your merchant account provider is likely to drop your rates and fees. While business owners will most likely get better rates compared to what you get, your revenue stream is likely to be boosted as well.
For this reason, mainstream financial institutions never want to deal with them.
So, if you run an adult industry business, you may have a tough time with payment processing.
Contact one of the top three reporting agencies (Experian, Trans Union, and Equifax) and have them understand that you have made these payments.