If you can’t find the information that you’re looking for regarding the merchant services, payment gateways and payment processing in general on daily basis, please use the button below to ask us a question. All your questions about payments are welcome and they will get answered as soon as possible (5-7 business days).
hello I am creating an escorts dating site and I wish to accpeter credit card payments but nobody wants because these a venture at risk. what can I do?
Dating services is, indeed, one of the most common examples of a high-risk industry. You should look for a partner only among acquirers/processors that underwrites high-risk merchants. Total Payment Service is one example I can think of. There should be others as well.
However, be prepared to pay higher (above-the-average) commissions: as a way of protection, providers charge more in order to offset financial risks associated witht the specificity of your business.
Another tip is: try to partner with a wholesale ISO, especially, if you expect high chargeback rates. For wholesale ISOs chargeback rates are calculated as average across ALL sub-merchants, so even if you exceed the 1% threshold, your account might not be terminated.
Here is an article you might find helpful.
