Getting a Adult Payment Gateway establishes stability and foundation to your payment system so that it can work efficiently and seamlessly. In 2021, the global sex toys industry was worth USD 30.48 billion. From 2022 to 2030, it is predicted to increase at a compound annual growth rate (CAGR) of 8.4%. During the projected period, increased spending capacity and an improved standard of life in developing economies are expected to fuel market expansion. With their expanding appeal among all age groups, novelty adult items are establishing a mainstream position in the sexual wellness market.
Continuity subscription merchants understand the value of ongoing revenue in growing their business. This billing model enables businesses to have a stable and consistent customer base on which to rely. However, there are some difficulties in passively processing financial transactions like this.
Many banks, for example, do not consider subscription merchants or recurring payment structures to be traditional categories. Banks limit and vet subscription merchant accounts due to the high volume of sales and risk of fraud. As a result, businesses and entrepreneurs employing this strategy must collaborate with a leading continuity subscription merchant processor to find an efficient and secure way to ensure their ongoing transactions.
Fill out the application form with information about your company and the services you require. Our team of experts will make recommendations from our network for the best banking partners.
Begin by completing the online application form on our website. Simply provide us with a summary of your information, such as:-
Once the payment gateway application has been approved by us, a test payment gateway ID will be provided for the payment gateway to be integrated into the website. The Website Terms and Conditions and Privacy Policy must also be professionally drafted for the website and updated on the website during this process.
If you follow the above steps and the payment gateway works with the test ID, the payment gateway solution provider can be notify and the payment gateway will go live.
At this time, the website will be able to accept credit card, debit card, and net banking payments through it.
If the company is a "mainstream" merchant, finding a merchant account provider should be relatively simple. The merchant can open an account at any bank or work with any number of payment processors. But what about "Adult" businesses? Can they simply walk into a bank and open a merchant account?
As part of running a successful business, owners must find a reliable payment processor. Adult-oriented businesses are high risk, and many processors cannot or will not accept these merchants.
With the number of businesses going online growing by the month, collaborating with an Online Payment Solutions Provider is more important than ever.
