If you’re in the adult industry, you need to apply to an adult credit card processor for merchant processing services. Adult payment processing services will enable you to accept debit and credit card payments from your customers over the internet.
Adult Industry: Market Growth
The global online porn market accounted for US$ 35.17 billion in 2019 and is anticipated to grow at a CAGR of 15.12% from 2019 to 2027, as Absolute Markets Insights reports. Specifically, the rise in the use of mobile devices is one of the driving forces for such growth.
According to the IBIS World, the adult and pornographic websites’ market size in the U.S., measured by revenue, made up $856.2 million this year. The industry in the U.S. has grown faster than the economy overall.
How to Obtain an Adult Credit Card Processor Account
The adult is lucrative and is forecast to become even more profitable in the years to come. Businesses in this sector are high risk because of the industry and due to the large volume of chargebacks.
What is included in adult merchant account services? These include online credit card processing for various companies:
- MOTO (mail order/telephone order)
- Retail
- Internet
- High Risk
Thanks to a reputable high risk merchant service provider in the U.S., you can get fast and easily approved for adult payment processing services. Be aware that adult merchant accounts are under a specific type of regulation.
A respected adult credit card processor can help you successfully fight fraud, reduce chargebacks, and overcome any other hurdle that you may encounter in this high risk space. With a true high risk payment expert, you can simply and easily open a merchant account for dating, adult novelties, adult toys, and any adult-related website. When applying, make sure the rates are among the cheapest and the services are among the most secure and advanced.
A simple application process means providing the following:
- A valid, government-issued ID, e.g., a driver’s license
- A bank letter or a pre-printed voided check
- 3 months of your most recent bank statements
- 3 months of your most recent processing statements, if applicable
- SSN (Social Security Number) or EIN (Employer Identification Number)
- Chargebacks must be under 2%
How to Get Approved for Adult Credit Card Processing Services
Adult businesses are booming. They’re growing into a highly profitable industry. To get access to the most secure and cheapest adult payment processing services, you need to work with a reputable high risk merchant services provider in the country.
Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest-rated high risk merchant account processor in the country that can best help you with an adult credit card processor. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.