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What should you expect from merchant account providers if you have a dating website?
The truth is undeniable that the nature of online dating site will remain ‘high-risk’ even if it is generating huge revenue due to its uncertain chargeback.
If they find the match of their choice from the bank of your user accounts, then they will pay the money else they would charge it back.
Due to the dynamics of this field, the merchants don’t push their extremes in these accounts.
This type of merchant account is considered by banks to be a high-risk merchant account.Some processing companies will tell you how difficult it is to establish credit card processing for dating sites, but we will find a solution and show you a rate that will knock your socks off.Sometimes processing companies won’t even tell you the full story and leave out details such as contract term and the non-qualified rate.Still, the online gateway providers tag them as high-risk industry due to two major reasons: 1.High Chargeback rate Dating is completely based on personal satisfaction of person.
The non-qualified rate is the additional rate tacked on when a customer uses a particular type of card like a rewards card.