Merchant accounts are a critical component of generating
revenue in the adult industry. Traditional institutions, on the other hand, classify adult businesses as high-risk due to greater
chargeback and fraud rates.
They are unable to obtain a standard or traditional
merchant account because these institutions do not want to take on this
risk or taint their reputation as high-risk merchants. Adult businesses, on the other hand, still require a means to handle credit card
transactions, which is where a high-risk merchant account comes in.
The Solution is to Work with a High-Risk Specialist
You'll need to choose an high-risk merchant account to
accept and process transactions properly. A high-risk specialist will have years of experience working with "risky" merchants and will
have solutions suited to your individual need. They'll also be familiar with the issues that your sector is dealing with.
As an adult merchant, look for a high-risk supplier like
PayCly that offers an adult merchant account as well as industry-leading fraud detection and security. Our team of professionals is
prepared to tackle the additional risks that your sector entails, and we can provide you with the resources you need to succeed.
The number of high-risk merchant account providers has risen
with the number of high-risk merchants in every vertical. Many of these companies specialize in high-risk sectors and are eager to work
with high-risk merchants to meet their payment processing needs.
Some of these companies have partnered with offshore banks to
provide offshore merchant accounts. Due to the nature of their company, adult merchants may expect to pay higher than typical processing
costs and one-time setup fees.
Is your industry comes in the vertical of a High-Risk Industry?
- You accept a variety of currencies.
- The average monthly sales volume exceeds $20,000.
- The average credit card transaction costs over $500.
- You offer goods and services to nations where there is a high rate of fraud (anywhere outside the USA, Canada, Western or Northern Europe, Japan or Australia).
- Merchants have poor credit ratings.
- You accept payments on a recurring or subscription basis.
- Due to numerous chargebacks, you've been placed on the MATCH list.
- High-risk software, digital, tickets, and seasonal products are your key product offerings.
Look no farther than PayCly if you're looking for a
high-risk merchant account provider that specialized
in the adult sector. PayCly is the industry leader in offering Adult Toys Merchant Accounts with custom payment solutions.
It's never been more straightforward to open an account. All
you have to do is visit the PayCly website and complete an online application, which takes only a few minutes. A merchant account can
be granted in as little as 24 hours. However, this is not a guarantee.
However, before you begin filling out the online
application, it would substantially improve your chances if you could supply the following documentation:
- A valid government-issued ID (such as a driver's license) is required.
- A pre-printed canceled check or a bank letter
- The most recent three months' worth of bank statements
- The most recent three months' worth of processing statements (if applicable)
- Chargebacks must be maintained to a minimum of 2%.