How To Protect Your Adult Entertainment Merchant Account?Posted by Brian Latch on January 28th, 2022 The use of credit cards and debits cards has become common practice in recent times. if you own a business you need to have a merchant account to be able to accept payments. However, if you happen to dabble in the high-risk industry, you may need an adult merchant account instead. The cost of operating an online adult merchant account is higher than a regular merchant account because of the risks involved in the business. These businesses are called high-risk because they are more susceptible to issues like chargebacks and frauds. Simply opening an adult merchant account isn’t going to be enough. As a business owner, you need to follow certain practices to protect your adult entertainment merchant account.
Popular service providers may at times not be ready to work with you once you disclose your high-risk status. However, there are a few service providers that specialize in this sector. Make sure you do your homework before partnering with anyone. A trustworthy partner is a key to a successful business.
Miscommunications and dissatisfied customers are a part and parcel of every business. This may lead to an increase in the number of chargebacks. However, if you offer good customer service and are open about your business and services to the customer, the number of chargebacks may reduce.
Losing a customer is something none of us want. But the cost of canceling a payment is considerably lesser than that of a chargeback, and hence a logical choice. So make your customer aware of the steps that need to be taken in order to cancel a transaction. We hope these tips will prove helpful to protect your adult merchant account in the future. Like it? Share it! More by this author |