Protect your adult business by choosing the right provider of adult merchant accounts. When you do expect growth in sales and profit due to improved customer experience. It all starts with understanding the basics. This adult entertainment merchant account guide is a brief overview and should aid in this process.
If you have any more detailed questions, reach out directly!
What are the fees for an Adult Entertainment merchant account?
You have to pay for a high-risk credit card processing fee that is comprised of interchange, assessments, and processor markup.
You can negotiate for the processor markup but not for the interchange and assessments. Both of these fees are set by and remitted to the card brands and the banks.
Is there a difference between online and retail adult entertainment merchant accounts?
Yes. There’s a difference in how payment is processed.
An online merchant account does not need a credit card to be swiped since payment is processed on the spot and online. A retail merchant account is a traditional process of paying through credit cards where a card is swiped at a terminal. It is also called over the counter (OTC) merchant account.
How long does it take to get approved for an adult entertainment merchant account?
In as little as one week provided that you submitted all the required documentation. Failure to do so will increase the overall time frame up to one month before your merchant account is approved.
How Do I Apply for an Adult Merchant Account?
Find a provider that offers a merchant account for high-risk businesses, including adult entertainment, and register a free account. Fill out the general information that a provider requires, such as registration number, description of your business model, processing information, and country of incorporation.
Why do I need to fill out an application?
To give the provider of an adult entertainment merchant account a clear view on your business and have the data they need to assess the risk level of your business, calculate the convenient rates based on potential, and identify the account suitable for your needs.
Why are adult entertainment merchants considered to be high risk?
Banks categorize adult entertainment merchants as high risk for several reasons:
- Customer verification is difficult because many of them are not who they claim to be
- Subscriptions may require customers to pay per minute, resulting in a large volume of transactions that need to be processed
- Legal restrictions and strict regulations surrounding the adult entertainment industry
- Controversial content
- Increased risk of chargebacks that often leave the banks to cover the amount before a merchant can pay it back
What categories for adult entertainment and services may be supported by Adult Merchant Accounts?
- Video and photographs
- Adult dating sites
- Adult products
- escort services
- Strip clubs
Many processors support a few categories but not all of them.
How do you choose the best Adult Merchant Account provider?
Make sure it supports adult businesses, with a risk management team that will approve your adult entertainment merchant account after they review it.
If you have any more questions related to this adult entertainment merchant account guide, please contact us directly!