Adult
April 27, 2021
April 27, 2021
The adult industry continues to expand as new technology opens doors and opportunities are created. As this industry continues to grow and become more accepted as a “norm” throughout society, one stubborn area you will not see the change in will be the banks. Their reputation is what continues to bring them new clientele, and the likeliness of approval in this field is slim to none. The adult industry can bring a high reward, but with that reward comes the industry being labeled as a high risk.
Strip clubs, online dating sites, adult content websites, stores, and all other branches of the industry carry great potential when it comes time to brainstorm your strategy. These sales can be heavily based on customer satisfaction through your service, which may be subscription or experience based. In this particular field you run a risk of unsatisfied customers. The likelihood of chargebacks is high compared to other areas of business. Due to the higher risk of chargebacks as well as the repetitional risk, the chances of being approved by the mainstream processors such as Square, Stripe, and PayPal is low.
High Risk Payment Pros specialize in areas where these processors stray away from. With our knowledge of the industry and experience in the field, we make getting your adult business up and running simple. Don’t risk having your business be shut down, do things right the first time around.