Online dating merchant account security. Dating websites engage millions of users, and one of their biggest challenges is personal data safety. So, you need to take the necessary steps to prevent the suspicious activity of your users that can affect not only your company but also the whole industry you operate in. ThreatMetrix reported that European online businesses had to face 80 million Author: Sandra Wróbel-Konior. Online dating merchant account & industry overview. 59% of all internet users agree that online dating is an effective way to meet individuals. Source Pew Research. There are thousands of dating websites and apps. These platforms help people to find like-minded individuals. Since they all are adults they can further decide how to take the relationship further. The world is facing a. · Merchants providing online dating and matchmaking services often find themselves experiencing difficulties when obtaining merchant accounts. Big banks and payment processing companies refuse to provide online dating merchant account services due to multiple risks that are involved in doing so. At PayDiverse, we have spent countless hours learning the ins and outs of this 10/10(3).
Online Dating Merchant Account for High Risk Payment - PaySpacelv
We have the largest network of high risk banks in the industry, and growing! Paydiverse has thoroughly tested numerous processing banks to understand which are the perfect fit for every high-risk merchant account category.
We have a diverse array of solutions per business type unlike anyone else in the industry. Securely upload supporting documents Get Approved Applications are sent to online dating merchant account banks that have pre-approved you, online dating merchant account. Daily updates sent with additional documents and final approvals Start Processing Payment Gateways are activated. Start accepting payments from your customers immediately Get Approved Online Dating Merchant Accounts Merchants providing online dating and matchmaking services often find themselves experiencing difficulties when obtaining merchant accounts.
Big banks and payment processing companies refuse to provide online dating merchant account services due to multiple risks that are involved in doing so. At PayDiverse, we have spent countless hours learning the ins and outs of this industry and are pleased to provide online dating credit card processing services that include features such as award-winning fraud protection, multi-bank and offshore processing and chargeback alerts. Our services are tailored to each industry we serve to provide them with the features and services that suit their specific needs.
As the stigma that surrounds online dating diminishes and the practice becomes more mainstream, the industry continues to experience growth year after year. Online dating services provide users with matchmaking services for a nominal fee.
It is now becoming increasingly common, however, for online dating merchants to use a business model that includes a timed free-trial followed by recurring monthly subscription fees instead of the aforementioned model. This is likely because nowadays it is far too simple for users to take advantage of viewing members in their area for free and track them down using social media sites such as Facebook, Instagram or Twitter. There are, in fact, many reasons that result in big banks and payment processors declining to offer merchant accounts and online dating payment processing services in this industry, online dating merchant account.
Some reasons, online dating merchant account, unfortunately, are due to some merchants giving the industry a bad name, while other reasons are more related to the customers of the industry and the risk they create.
Online prostitution rings, escort services and human traffickers commonly use online dating websites as a front for their illegal activities. Doing so helps them to launder their illegal funds and provides them a platform with which to sell their services. The Recurring Billing Risk Merchants who offer free trials and recurring billing options are almost always deemed high-risk by big banks and payment processors.
Customers who register for free trials and recurring billing have a much higher tendency to request chargebacks. The Infidelity Risk Online dating sites are often frequented by married men and women looking for a secret rendezvous. This presents a huge chargeback risk. Many times when a spouse discovers online dating charges on credit card bills or bank account statements, the cheating spouse will claim it as fraud and initiate a chargeback fraudulently to avoid being caught.
Other Chargeback Risks Online dating services are notorious for having high chargeback ratios. Part of this is because of the infidelity mentioned above, however, chargebacks occur in this industry for a number of other reasons.
Other times, online dating merchant account, customers may initiate chargebacks after a bad encounter on the site, or unfortunately, they may request a chargeback after making a positive connection in order to avoid paying for the service.
Online Dating Credit Card Processing Services At PayDiverse, we offer online dating merchant account services for high-risk merchants with a variety of online dating services, including: Religious dating sites Dating sites for the elderly Dating sites specific online dating merchant account the LGBT community Compatibility dating sites Race-specific dating sites Location-based dating sites Adult dating sites We offer high-risk merchants a multitude of fraud and chargeback protection features along with online dating merchant account secure payment gateway that provides online dating merchants with long-term, reliable payment processing solutions.
Chargeback Alerts The online dating industry is at a particularly high risk for excessive chargebacks, therefore, online dating merchants who use PayDiverse as their payment processor find our chargeback alert and chargeback dispute systems to be a great asset, online dating merchant account.
Our system notifies merchants in real time as soon as a chargeback is requested on their account. This allows the merchant to act quickly, filing a dispute whenever necessary against the chargeback. Multi-bank and Offshore Payment Online dating merchant account Multi-bank payment processing is ideal for merchants with high chargeback ratios. At PayDiverse, we secure a minimum of four banking solutions for every client and from day one, payments will be equally dispersed across all supporting banks, online dating merchant account.
With ACH and e-check acceptance, customers are able to pay merchants for goods or services directly from their bank account without the use of a credit card. Accepting these payments can drastically increase sales for online dating merchants, as it expands their customer base beyond those with credit card accounts and gives customers additional payment options.
Fraud Protection PayDiverse offers industry-leading fraud protection to all high-risk merchants. Our award-winning fraud prevention tools are integrated into our secure payment gateway. These tools analyze hundreds of data points to detect fraud on the spot, notifying the merchant at the first sign of suspicious seeming activity. Online dating merchant account have the ability to configure fraud filters and automatically reject transactions based on their specifications.
Our application process is simple and quick. Just fill out and digitally sign our secure online application, and submit your supporting douments. Our underwriting team will review and confirm your information within 24 hours and if approved, we can have your setup complete within 48 hours of acceptance, online dating merchant account. The redundancy and backup processors are a huge value to me.
I was pleasantly surprised with their integrations team. They were skilled in setting up my site to run on their platform. My site was processing transactions just 3 days after I first contacted them. The portal is what sold me on this company. Despite having multiple processing accounts, everything is in 1 place. We have multiple high-risk online dating merchant account solutions for any online dating business. This field is for validation purposes and online dating merchant account be left unchanged.
About PayDiverse. Apply Now. Apply Now Complete our quick and easy online application Digitally sign applications using your mouse Securely upload supporting documents Get Approved Applications are sent to all banks that online dating merchant account pre-approved you Banks will review and determine a processing limit Daily updates sent with additional documents and final approvals Start Processing Payment Gateways are activated Integrate your Payment Gateway with the backend of your site Start accepting payments from your customers immediately.
Get Approved. Online Dating Merchant Accounts. Merchants providing online dating and online dating merchant account services often find themselves experiencing difficulties when obtaining merchant accounts. About the Online Dating Industry. The Money-Laundering Risk. The Recurring Billing Risk. Merchants online dating merchant account offer free trials and recurring billing options are almost always deemed high-risk by big banks and payment processors.
The Infidelity Risk. Online dating sites are often frequented by married men and women looking for a secret rendezvous. Online dating merchant account Chargeback Risks. Online dating services are notorious for having high chargeback ratios. At PayDiverse, we offer online dating merchant account services for high-risk merchants with a variety of online dating services, including:.
Race-specific dating sites Location-based dating sites Adult dating sites. We offer high-risk merchants a multitude of fraud and chargeback protection features along with a secure payment gateway that provides online dating merchants with long-term, reliable payment processing solutions. Chargeback Alerts. The online dating industry is at a particularly high risk for excessive chargebacks, therefore, online dating merchants who use PayDiverse as their payment processor find our chargeback alert and chargeback dispute systems to be a great asset.
Multi-bank and Offshore Payment Processing. Multi-bank payment processing is ideal for merchants with high chargeback ratios. Fraud Protection. PayDiverse offers industry-leading fraud protection to all high-risk merchants. Start Accepting Payments with PayDiverse, online dating merchant account. You can fill out our application form here. Diverse Payment Processing is Smart Processing Fill out our free and quick merchant account application and let us match you with many banks that want your business.
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How to Get Approved for a High Risk Merchant Account
, time: 7:10Online Dating Merchant Account - Free Setup - Echeck & Card Processing
Online dating merchant account security. Dating websites engage millions of users, and one of their biggest challenges is personal data safety. So, you need to take the necessary steps to prevent the suspicious activity of your users that can affect not only your company but also the whole industry you operate in. ThreatMetrix reported that European online businesses had to face 80 million Author: Sandra Wróbel-Konior. If your online dating service needs a reliable payment gateway, then you should choose a specialized merchant account (Dating Merchant Account) with which you can accept credit and debit card payments quickly and efficiently and protect your customers from fraudsters. All payment transactions made using bank cards are determined by four-digit MCC codes, depending on the type of activity of . MERCHANT ACCOUNTS FOR ONLINE DATING DISCOVER MERCHACT’S DATING MERCHANT ACCOUNT SERVICES. DATING. Running a dating website can be challenging, especially when it comes to dealing with membership fees and how payments are processed. Most dating sites operate on a free trial with monthly payments to follow model. This is a model that we at MerchACT understand. .
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