Adult dating and hookup sites have come a long way ever since the inception of online dating back in the 1990s. The internet was expected to open the gateways for a number of industries, including online dating, and has shown consistent growth on an annual basis in this industry.

The online dating segment alone amounts to a market cap of US$1.7 billion, with a compounded annual growth rate of 4.2 percent for the years to come. By the time we reach 2025, the online dating segment will be well over the figure of $2 billion.

Payment Processing in Adult Dating

Whether you are a hookup app merchant or adult dating site, there are multiple risks and scams associated with payment in this vertical. Companies that facilitate the services of consensual sex through the internet are considered high risk by most payment processors. Regardless of the amount of promiscuity and sexuality on your hookup or dating app, the industry is generally known to carry more Madoff’s than any other.

The best way to take the scam out of the cam with your adult dating payments is to get an adult merchant account. An adult merchant account from a reliable payment processor will reduce the complications in the industry and give you a secure outlet.

Benefits of Adult Merchant Accounts

Adult merchant accounts help adult dating merchants take and record payments in a seamless manner without any confusion. The benefits include:

Low Rates and Easy Setup

An adult merchant account provided by the likes of PaynetSecure offers exceptionally low rates along with fast approvals. The payment provider you work with will give you a fair indication of their rates at the time of approval and will let you know just how much you can save by working with them.

Integrated Payments

Integrated payments allow vendors to take payments anywhere they want from all kinds of devices. You may be able to accept payments from cell phones and a lot of other devices if you have an adult merchant account.

Multiple Payment Methods

The flexibility of adult merchant accounts allows vendors to secure payments from multiple avenues. You will be able to accept debit and credit cards, add ACH/eChecks for more sales from US buyers and also secure international payments through a reliable gateway.

Companies with a global customer base realize the growth potential in targeting global markets across the world. Offshore adult credit card processing accounts help you expand your services to markets around the world with more potential. International payment support also comes with multi-currency processing as a standard feature.

Automated Scam Rejection

An adult merchant account from a secure provider comes with automated fraud fighting tools. These tools help you identify and approve good transactions while rejecting the bad ones. Additionally, the availability of more than one merchant account helps you maintain consistency in operations without depending on a single option.

Easy Application

Applying for an adult merchant account is absolutely free without any obligation. Your dedicated account manager will take you through the process and approve your application as soon as they can. Many adult merchants operate with multiple accounts, which simplify the management process.

Conclusion

Smooth payments power profits. The adult dating industry might be host to fraudsters and additional risk, but the provision of a high-risk adult merchant account can help you avoid financial complications.  

Searching for a reliable adult dating payment solution, especially a platform with modern features, is incredibly hard. Reach out to PaynetSecure today so that we can utilize our 25 years of experience to set up online payment gateway integration for your adult dating business.

The world is at your fingertips if you own a global ecommerce company of your own. Global markets are developing around us and the ability of vendors to reach out to customers from across industries has made competition even more difficult.

Global ecommerce competition might be tough to master at first, but it is not something beyond your business. In this article, we look at ways you can follow to beat ecommerce competition including the use of secure payments.

Have a Secure Payment Gateway

Global ecommerce creates a number of opportunities for businesses to increase and enhance profits. When you’re entering global markets as a vendor, realize that the more ways customers have to pay you, the more money you’ll end up making. You should look to offer as many global ecommerce payment gateways as you possibly can. Global merchant accounts should be a top priority for businesses looking to enter the global ecommerce market.

Domestic merchant accounts work well for processing and receiving payments from customers located within a single region, but they don’t work for global ecommerce. Processing international credit cards and payments made through them using your domestic bank can add to processing costs and lead to costly cross-border fees. There is also the growing concern about fluctuations in the exchange rate, which might further reduce profits.

The secret to succeeding in the global ecommerce market is to reduce costs and increase sales. A global merchant account from Paynet Secure allows you to do both. Many regions and countries have alternative payment methods which are indigenous to the specific area. Paynet secure offers support for all such payment methods and ensures that ecommerce vendors have it all covered. The secure payment solution offered through these payment gateways also limits the chances of frauds and scams.

Know Your Reasons

Before you fly away from your home market and open doors to new avenues, you should understand your motivation to do so. It is important that you know why you’re entering new markets and have a broad sense of your products and their viability in foreign markets.

That being said, vendors shouldn’t assume that just because they achieved success in their home markets, they would be able to do the same in global ecommerce markets as well. The global scenario is much tougher, and customers have better and bigger options to choose from.

Work Out the Logistics

Before you think of going abroad, make sure that you have the logistics and the entire supply chain worked out. Know how you will fulfill and deliver products to your customers once you have entered the new market. Don’t wait for your first sale to find a strategy for the future. A business should preferably know about their logistics in advance and should have a clear play defined for their move to a global ecommerce market.

Know Your New Markets

Before you enter new markets, make sure that you do some homework beforehand and recognize the scope and potential within these markets. The more you know about your markets, the better it is for your brand. Understanding the local business environment and norms can help you.

Conclusion

Global ecommerce is growing at a breakneck pace and vendors will have to go through higher volumes of sales and processing. A secure global merchant account by Paynet Secure can help you keep pace with the market while evolving your strategies over time.

The adult entertainment industry is booming online. The industry has crossed the $5 billion mark and is progressing further with the inception of new business models that open new avenues. Over 40 million Americans regularly visit adult websites and more than 33 percent of all downloads made on the internet relate to pornographic or sexual material.

The industry for adult toys and sex products is currently a hit online with a raging customer base looking for new and interactive adult toys on adult-specific ecommerce stores. The market for adult toys is thriving currently with the industry projected to reach over $52 billion in market capitalization by the end of 2026.

Vendors in the adult toy industry recognize the high-risk nature of the industry and are looking for ways to maintain a secure payment solution.

Why Adult Toy Vendors Are Considered High-Risk

High-risk adult merchant accounts include digital content providers, chats, adult toy vendors and streaming services. Sexually oriented companies selling services and virtual goods online face the same high-risk tag.

Based on stats, businesses in the adult industry face greater instances of chargebacks and are also host to more fraudulent activities. Chargebacks are a significant cause of concern as customers often initiate chargebacks for over 180 days or 6 months’ worth of content. Additionally, since most married men/women buy adult sex toys without the consent of their significant other, there is a high risk for chargebacks when they are actually caught or when the amount shows up on their credit card bill.

Banks and Adult Toy Vendors

During the course of the last few years, most banks that previously recognized and accepted payments to and from adult toy vendors have distanced themselves from this business type. The reason for this parting of ways is that these financial institutions aren’t aware of the best ways to minimize fraud and chargeback in transactions.

Regardless of how well banks manage their adult merchant accounts, one bad business can disturb the chargeback threshold and the rapport of banks in the industry. Thresholds for chargebacks matter to most financial institutions today and shouldn’t be exceeded.

With an increase in merchant chargebacks, banks have purged all high-risk merchants from their clientele to adhere with regulations mandated by the law. The only way banks today can secure themselves and the adult toy vendor from fraud and chargeback is to have safeguards for chargeback and superior quality fraud protection in place.

Exclusive Networks of Banks for Adult Merchant Accounts

Paynet Secure has a developed network of international and domestic banks which provide adult merchant accounts to adult toy vendors. All of these banks are integrated in the simple solution, providing a unique platform to vendors that are otherwise tired of looking for options.

The technology in place within these adult merchant accounts ensures that fraudulent activities and chargebacks are kept to a bare minimum. As a result of these advanced security measures, banks can trust adult toy vendors and give them a long-term payment processing solution.

Paynet Secure has over 25 banks located within our network and payment processing system. With a simple plug-in, adult vendors can have access to banks and the specific features they offer.

Conclusion

It is necessary that adult toy vendors choose the right payment processing account to mitigate risk and minimize fraud. Are you searching for an adult merchant account?

Contact info@paynetsecure.net today!