A high-risk account is one that credit and financial analysts have determined to be at significant risk of default due to high turnover, unauthorized charges on credit cards, and other potential problems that could result in losses for the company. A high-risk merchant account allows particular types of businesses to accept payments by credit and debit card despite these risks of credit instability. Using a merchant account promotes an increase in sales at the front end of the business while protecting the assets and profit margin of the business at the back end.
There are many benefits to securing a high-risk merchant account for the processing of credit and debit transactions, especially when it comes to adult entertainment websites. Adult entertainment can consist of pornography, 18+ chat rooms, and legal escort services among others.
Adult entertainment businesses increasingly provide their services and products online. Offering these goods and services over the Internet allows for confidential and private transactions for the customer. Even though adult entertainment providers are considered by credit analysts to be at high risk of chargebacks, fraudulent activity, or customer use of stolen credit and debit card information, this does not mean that the business owners should receive anything less than the best type of account services.
High-risk merchant accounts for adult entertainment allow the business owners to accept credit and debit card payments for online as well as in-person transactions. In a world where consumers increasingly rely on electronic payment methods, maintaining a merchant account allows for continued growth of sales and expansion of the market.
While setting up a high-risk merchant account may take a bit longer than typical merchant account services, it’s well worth the effort for businesses working within the adult entertainment framework that has a greater need to protect against fraud.
In this case, a high-risk merchant account increases the available payment options for customers and can help to boost sales and overall profitability. There is a less financial risk for the business as anti-fraud, and advanced security measures are conducted on every transaction in real time by the merchant account, making transactions safer and more convenient.
If you’re the owner of an adult entertainment website, or you’re involved with another type of high-risk industry, consider contacting High-Risk Pay for information about setting up a high-risk merchant account.