Adult Merchant Account

Adult Merchant Account for Promoting the Businesses Who Deals in Sexual Wellness

Adult Merchant Account

In 2020, the worldwide sex toys industry was estimated to be worth USD 33.64 billion. From 2021 to 2028, it is predicted to increase at a compound annual growth rate (CAGR) of 8.04 percent. During the projected period, increased spending capacity and an improved standard of living in developing economies are expected to fuel market expansion. With their expanding appeal among all age groups, novelty adult items are establishing a mainstream position in the sexual wellness market. The acceptance of the LGBTQ community as well as a growing interest among women in experimenting with sexual health products without fear of judgment is increasing product uptake and, as a result, driving market growth.

Liberalization, social media penetration, and the influence of pop culture have all contributed to a greater awareness of the importance of sexual health. Furthermore, the lack of manufacturing standards for sex toys allows producers to create items for both women and men. Without having to reveal the materials or chemicals used in the devices. As a result, manufacturers have complete freedom to produce a wide range of novelty toys. Sexual stimulation products such as vibrators, dildos, and e-stimulators are commonly utilized by both genders.

The adoption of cutting-edge technology for the production of creative items is one of the fastest-growing trends in the sex toys market.

How to Select the Most Appropriate Adult Merchant Account?

For a successful adult business, having a dependable merchant account is essential. Whether you’re an established company or just getting started, you’ll need to conduct extensive research and compare pricing.

One of the most common errors we see adult merchants make is selecting a popular payment processor. To discover that they don’t work with high-risk merchant accounts.

Let’s say you’re the owner of an adult toy store and you’re starting to see some success. You choose eMerchantPro because you’ll need to take credit cards.

eMerchantPro is a convenient payment processor for many businesses, but it does not operate with high-risk merchants.

As a result, after a few weeks of processing. eMerchantPro thoroughly underwrites your account, determines that it is an adult business, and instantly suspends your account. During the chargeback liability period, funds are held for up to 180 days.

Unfortunately, many adult merchants come to us after their accounts have been closed owing to being high-risk.

So, how can you choose an adult merchant account for your business while avoiding having your account closed?

How Does Having a High-Risk Adult Merchant Account Affect Your Business?

Adult merchants will very definitely want additional funds in a reserve account in the event of chargebacks, which are common in this business. Reserve accounts are linked to your adult merchant account as sub-accounts.

A portion of your credit card sales is held back to settle any credit card disputes or chargebacks that may arise. In most cases, reserves are kept for the duration of the merchant account.

After the chargeback liability period has elapsed – normally 180 days – the monies will be released. Consider a reserve as the bank’s last line of defense.

Offshore Merchant Account for Adult Business

Adult merchants will very definitely want additional funds in a reserve account in the event of chargebacks, which are common in this business. Reserve accounts are linked to your adult merchant account as sub-accounts.

A portion of your credit card sales is held back to settle any credit card disputes or chargebacks that may arise. In most cases, reserves are kept for the duration of the merchant account.

After the chargeback liability period has elapsed – normally 180 days – the monies will be released. Consider a reserve as the bank’s last line of defense.

If a merchant goes bankrupt, the bank has a legal right to recover chargeback’s.

eMerchantPro has a lot of experience assisting adult retailers with optimizing their charging structures. In terms of payment options, we believe merchants should always think worldwide and act locally. Adopting a truly global approach to billing is one example, but guaranteeing compliance can be difficult.

Make sure your payment service provider is aware of the numerous dangers associated with processing payments in several locations.

For Your Adult Business, increasing conversions with a high-risk account

Instead of focusing on the negative aspects of having a high-risk merchant account, consider how a high-risk solution might dramatically enhance conversions.

Because there will be fewer shocks when it comes to denied transactions, adult businesses will realize that they are converting more sales. This is especially true if their payment processor is open and honest about supporting and understanding adult merchant accounts.

Increased chargeback and fraud prevention will also help conversions because revenue will not be lost unintentionally. eMerchantPro has joined with CB-ALERT to assist in the prevention of adult industry fraud.

Adult Toys Merchant Account Fees         

Is your payment processor experienced with the adult industry? If they do, submit an application and start comparing pricing and talking about what their company can do for your adult business.

Adult merchants are claimed to be accepted by a number of payment service providers. While they may have a hunger for the industry, many may realize that they lack the stomach for it simply because they do not comprehend it.

If your firm was turned down by a payment processor. It was most likely because the acquiring bank did not support the industry. You or your company was not well-established enough due to financial or credit constraints. eMerchantPro knows what it’s like to work in the adult business. We provide extremely low rates and have been in the adult toys merchant account market for over two decades.

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