Online dating sites are increasing in large numbers. There are common websites like matrimonial or like the Kindle which helps in getting the soul mate online. It is the best time or the opportunity for the new business to enter the online dating services also good for existing dating businesses. Now everyone is digital, so demand for online dating websites are also high. If your online business does not support the credit card or online payment then it is a complete loss. Making money from online dating sites are very easy.
Dating Merchant Services
Allied Wallet is known as a payment solution provider for hundreds of dating websites that have already put their trust in the brand. Whether you are a niche dating website catering to specific population segments, or if you have a complex billing system, we have helped every dating business type with a multitude of unique merchant service requirements.
Signing up with Allied Wallet will enable you to send and receive credit card payments online on a global scale. We have established relationships with banks around the world to make sure our clients have multiple options for payment processing. No matter where your company is located, you can accept payments from just about anyone living anywhere.
You need a merchant services provider who understands your business and offers competitive rates. We’re committed to helping online dating merchants.
The online dating industry is huge and very profitable. Match Group, which owns sites like Tinder and Match. Without a doubt, love is big business. Despite its profitability, however, online dating is considered high risk by traditional lenders. One of the biggest reasons for this is the nature of the business and the risks involved. For example, every year thousands of people are catfished online. It not only takes a toll financially but emotionally as well.
Dating Site Merchant Account
High Risk Provider offers a dating merchant account for those who offer dating services, match making or online dating websites. Because dating businesses require high risk merchant accounts, we have carved out a section of our team to provide dating and high risk specific solutions. In the last decade, the popularity of online dating and online dating services has skyrocketed.
Due to the fact that most of these transactions are done with card not present payment solutions, banks tend to shy away from this industry.
AllayPay specializes in sourcing difficult-to-place online dating merchants. Please contact us to set up your merchant account today!
Over the last decade, the amount of people dating online has surged immensely. What once had a stigma attached to it now has become mainstream. Individuals have found that online dating takes much of the guesswork out of meeting people. Traditional sites such as Match. We have even seen a rise in the specific dating sites that target certain races, religions, sexual orientation and pastimes.
No matter if you like the concept or not, online dating has become the new norm to meet that special someone. Credit card processing for dating sites can present a higher level of risk for payment service providers. This is mainly due to the fickle nature of the customers who use these sites, which may cause headaches for the merchant when trying to obtain online dating credit card processing. Some customers may pay the monthly fee, only to be unimpressed with the selection available or the overall results.
Others may find a match quickly and no longer have use for the site, and thus want to cancel their membership.
As we all know about dating website businesses considered under High-Risk Business. Hence, there are multiple reasons that the online dating industry considered under the high risk business category. The dating industry attracts high chargebacks and Transaction laundering. Firstly, The online dating industry gets a lot of chargebacks for several reasons.
This list of the top merchant account providers for dating websites will help you find the right credit card processor for your online dating service.
Thanks for filling that out. We really appreciate you giving us a moment of your time today. Your ticket on its way to your email. When you are in the online dating business, the major hurdle becomes getting access to online dating merchant solutions. Many online payment processing firms are reluctant to provide online dating payment getaways due to the high-risk nature of the business. Unlike other types of online business, online dating has proved to be high risk due to the number of people who are unsatisfied with the services provided.
However, you need a reliable online merchant account to be able to transact. For this reason, we are here to offer you just the right solution for your business. It is common for many people to chargeback due to dissatisfaction when looking for suitors online. It is such high rates of chargebacks that makes it hard for online dating merchant accounts to be approved.
Online dating merchants rank high among fraudulent businesses. It is common to find an online dating merchant providing escort or prostitution services. Some online dating merchants go to the extent of trafficking underage children. For this reason, there is a need to have considerable investigations before any online dating merchant account is approved.
Online dating and mobile dating apps have gained popularity and acceptance in the digital age. DigiPay Solutions is a recognized payment processing brand among leading online dating service providers. DigiPay works closely with online dating service partners, providing tailored solutions and timely advice to national and regional service providers, while helping them maintain the highest standards of banking and payment card industry compliance.
A study by Pew Research Center found 15 percent of Americans have used online dating, 41 percent know someone who uses online dating, and 29 percent know someone whose online dating experience culminated in marriage or a long-term partnership. Research associates interviewed 2, adults, 18 years of age or older, living in all 50 U.
Want to run a dating site but can’t find a bank that will process payments? Instabill can help with an online dating merchant account. Find out more now!
We all know about top dating sites and apps like Tinder, Bumble, Match. Since online dating is a popular trend, many Offshore payment service providers offer credit card processing to this industry. Still, some do not prefer working in this industry because of few factors like High Chargeback Ratio, reputation damage and the tendency of some fake merchants to use it as a Miscoded solution so that they may sell something else that may not be legal.
Quadrapay works with multiple payment processing companies in USA, Europe and other parts of the world including Asia. With the help of a massive team of our partners, we can find payment processing options for almost every merchant including Dating and Friend finding apps. We recommend EU based solutions as the best merchant accounts for dating sites. For the EU based solution merchant must have an EU incorporation.
The EU incorporation can be done after the approval of the account but before starting to accept credit card transactions. Getting a merchant account is an extensive process that involves underwriting.
Dating Merchant Account
The incredible popularity of online dating sites and apps is both a blessing and a curse when applying for a dating merchant account for your dating business. On one hand superior technology has made the industry incredibly lucrative for business owners and merchant service providers alike. On the other hand , bad reputation and rampant fraud have resulted in some pushback from payment providers. The latter especially has made finding secure and reputable dating merchant accounts challenging.
First Financial is a leading provider of full-service merchant accounts for online dating sites rejected by traditional banks. In , 35% of Americans met their.
In business it takes a considerable amount of attention and planning to become successful. For some industries it can be a little harder to get off the ground especially for Online Dating companies. This is the result of the difficulties involving running a successful business, also satisfying customers while still preserving full compliance of industry laws and regulations. Online Dating business often relies on the ability to take credit cards from customers as a form of payment.
To insure growth for your business and deliver services clients need without delay; Online Dating need a solution for online credit card processing on their websites. At Choice Funding we specialize in Online Dating accounts to make sure you are up and processing quickly. By submitting the above form you agree to receive further communication from our company. You can opt-out from further communication at anytime. With current and growing regulation looming in the Online Dating industry it makes operating a business challenging for their owners.
Regulations, restrictions and also rules for merchant account providers can put more pressure on operating successfully. Because of these many challenges, finding a processor that will approve a merchant account to a Online Dating company is extremely problematic. Banks often brand Online Dating companies as high-risk industry for a range of reasons.