Although the high risk nature of the adult industry makes it
difficult for an adult product merchant or adult service merchant to
obtain an adult merchant account; no need to worry, Painless Processing
is here to help! Adult merchants are usually turned away by most banks
and financial institutions for credit card processing due to the nature
of their business and when approved for an adult merchant account, these
adult merchants are at the mercy of high rates, high reserves, and
unfair oversight which adds unnecessary pressure and adversely affects
the bottom line of these adult industry merchants. Owning an adult
industry business can be a very lucrative, quickly gaining many loyal
customers that are ready and willing to pay right from the start.
Obtaining an adult merchant account from a high-risk payment processor
that understands the adult industry is of the upmost importance.
However, to find, choose, and trust a high-risk payment processor that
understands your adult business type and properly aligns you with the
appropriate credit card payment processing solution for your adult
merchant account, is not so easy. Choosing the wrong adult merchant
payment processor can cause problems with cashflows and in the worst
cases, profit losses. Additionally, many adult merchants run continuity,
membership, or subscription-based business models. This means that adult
merchants are charging their customers on a recurring basis, usually
every month. This type of credit card payment processing increases the
level of risk involved with obtaining an adult business merchant
account. Fortunately for adult merchants, Painless Processing
specializes in the adult industry and can equip your adult business with
the appropriate PCI complaint banking solution and specialized gateway
to automatically process all of your adult business transactions and
streamline your adult business so that you can focus on what’s
important, pleasing your customers.
Why do banks not approve adult merchant accounts?
All adult merchants are labeled as high risk merchants simply due to the nature of their business. Most adult merchant businesses explore human sexuality and offer sexually explicit products, services, or images. These adult products and adult services are risqué, at times controversial, and even cross into a grey area of legalities including the way adult merchants market and sell to the general public. Because of this, most traditional payment processors classify adult merchants as high risk merchant accounts and will not approve them for credit card processing. Additionally, high-risk credit card payment processors carry great concern over the risk of chargebacks which are common with high risk adult merchant accounts. Credit card chargebacks occur when a customer disputes a credit card transaction because they don’t agree with the credit card charge. Incurring credit card chargebacks are costly and can lead to the adult merchant being shut down and placed on the Visa or MasterCard MATCH or TMF list. Adult merchants need a high risk payment processor that understands the trials and tribulations of the adult industry. Painless Processing has a clear understanding of the adult industry and is ready to assist adult merchants in obtaining a high risk adult merchant account for their adult business.
Contact us now to get approved for an adult merchant account
Painless Processing has adult industry experts standing by with extensive experience in the field of adult high risk merchant accounts ready to assist adult merchants acquire a high risk merchant account so they can process credit cards. Contact us today so that we can answer your adult merchant questions and provide you with a quote for credit card processing based on your adult business model.