The online dating is a better way to introduce themselves with potential friends. Whether the man or woman, boy or girl find compatibility with each other over internet. Developing of personal relationship, romantic or sexual relationship can be found as specific mechanisms that worked during pandemic as well. The services encourage members with adding photos or videos with the profile. The online dating merchant account by Eskaypay works as collaborative filtering and recommendation system which helps finding best of profiles.
The coronavirus worked in favor of dating merchant account and before it could alter our lives. The relationship status become more stable for those who were getting lonelier. The dating companies saw an upsurge in number of users. The global traffic saw an increase of more than 82% by March 2020. The people who avoided kissing and hugging started using more of emoticons to share the love interest with each other.
The size of the dating merchant account is expected to grow at improved Compound Annual Growth Rate (CAGR) of 8.6% to 2025. The industry is found to be growing at a staggering rate of $3.6 Billion USD. The favorable market conditions have given with number of business launching in the form of online dating websites.
Every advantage leads to some drawbacks and the online dating merchant account gets plagued by several pitfalls. The industry has seen chargebacks, scams, compliant that are a part of the business. At times it is challenging to acquire a merchant account work in favor of the dating merchant account. The Eskaypay which is a better payment gateway works better and work as pers its reputation in the industry. The dating merchant account is work with a payment gateway and build up better processing history.
Ensuring an online dating merchant account with PCI/DSS compliance payment gateway works in an efficient way. It also gives the website to work with SSL/ TLS encryption. The online and dating merchant account works as better products and services with payment gateway solution removing burden off the shoulders. The anti-fraud tool is another important aspect which is necessary for dating merchant account. The payment gateway provider uses anti-fraud software that analyze hundreds of data points with transaction getting less fraudulent.
The dating merchant account solution helps with dating websites because of these factors:
- Compatibility with the websites
- Dating websites for various age-groups
- Sites based on geographical boundaries
- Made for various race and cultures
- Dating sites based on spirituality
- Adult dating web services
Here are few specifications:
- Low rates with fast approvals: The saving money on payment processing works with speedy transactions. It also works as low rates based on payment processing.
- Merchant accounts with dating sites: The adult online dating sites are age-related, cultural and religious dating sites along with many others work as better dating merchant accounts.
- Subscription billing: The unlimited recurring payments along with subscription billing plans are found as standard features with online dating merchant accounts.
- Mobile payment app: The online dating merchant account works with app-based features. The mobile payment app also facilitates with easy payment options.
- Diversify payment options: The acceptance of debit and credit cards with echecks for more sales from the US members. It also adds international payment methods for the global members.
The online dating merchant account needs some basic details. The few simple steps make the dating merchant site work for your company or the profile creation:
- Apply online in few minutes: It takes few minutes to provide some basic information that helps secure merchant portals.
- Getting an instant quote: The expert under-writer leads to reviewing of application. It also sets a processing limits and posted with daily updates.
- Start processing with merchant support team that leads with payment gateways. It also works with payment gateway and helps run the business.
Online dating merchant account are high-risk:
With all the advantage still on the online dating merchant account are considered to be high-risk. The merchants or clients decide to subscribe with the service by paying a certain amount. The underwriters at the bank or payment processing company checks the website affiliation with online dating merchant account before the application approval.
We at Eskaypay are the high-risk merchant account experts. It has helped hundreds of merchants with high-risk dating. Also, it leads to secure service with better payment processing. Also, there are chances of lower fees and lower reserves for the subscription holder. In this way, the business interest is served well for the customers as well as clients by the dating merchant accounts.
Read our another blog post: Payment Gateway UK
High Risk Merchant Accounts 