Subscription Boxes
April 27, 2021
April 27, 2021
Subscription Boxes are one of the fastest growing markets out there, with new business ventures around every corner for hungry entrepreneurs. Due to the fact the business structure is built around recurring payments, this is a high risk industry.
These boxes are often given as gifts, and details mentioning monthly renewals can be skipped. The end result? A high chance of chargebacks a month after a gift is received. These boxes often have a theme that is changed up monthly, and the customer does not know what to expect when they open up that package. Often, their expectations are not met and complaints roll in.
Choosing a payment processor for such a business can’t be taken lightly. You may start off on the right foot, but as your subscribers grow so do the troubles. Having the right team in place from the start can secure a smooth and secure business in the long run. High Risk Payment Pros have the experience you need to ensure the success of your Subscription Box business.