People all over the world are becoming more aware of and accepting of sex toys as a result of increased media exposure. Increased sex toy sales are encouraging manufacturers to introduce sex toys with disruptive technologies. More people are using the Internet to learn more about the latest products, which will have a positive impact on market growth.
Because of the presence of several global and regional players, the global sex toys market is fragmented. The increasing market competition is compelling vendors to implement various growth strategies, such as promotional activities and advertising spending, to increase the visibility of their products.
Despite increased exposure, challenges such as negative social perceptions of sex toys may hamper the market’s growth. The actionable insights on trends and challenges will assist businesses in evaluating and developing growth strategies for 2021-2025.
Increasing sales is the primary goal of any business, and you can easily achieve it by selecting the right payment gateway and combining it with a dashboard that allows you to track your transactions.
Yes, the answer is yes. You’ve come to the right place if you’re looking for different payment options that will enhance your users’ shopping experience.
At EskaPay, we believe that providing payment methods that do not meet the needs of users is one of the primary reasons people abandon their shopping carts. Hence we serve Adult Toys Merchant Account solutions for businesses that will help them manage the business transactions efficiently for their business.
Why Can an Adult Toys Merchant Account Help You Increase Your Sales?
When users or customers decide to make an online purchase, the payment process is the one that causes the most concern and distrust. However, if they find payment methods that they are familiar with and use on a regular basis, their confidence grows, as do their chances of making a purchase and returning to that online store.
- Identifying the type of customer the methods that will work best for him. For example, rising tourism from China and Russia is causing many European businesses to incorporate payment platforms with tailored solutions.
- Allowing different payment methods to coexist and connecting them through a user-experience-based strategy. The goal is for customers to be able to choose which channel they want to use to make their purchase rather than being directed to an external page.
- Identifying and correcting pain points where does your product’s online sale fall short? The lack of a unified login and a common interface, loading time, confusing prices, and a lack of payment method options are the primary reasons for your sales stagnation.
All e-commerce businesses must optimize their sales processes with the best solution for their needs. And payment gateways are the right tools to increase your sales for a variety of reasons: they help you recover lost leads through the buying funnel and help you sell more and better because they match users’ interests.
How To Obtain An Adult Toys Merchant Account?
Choosing a payment platform is not a simple task. In fact, it is one of the most important questions to ask when starting an e-business. Checking service costs, information to consider when speaking with a provider, typical associated costs, integration and usability, fraud prevention, and the added value to your industry or vertical, to name a few.
Before applying for a merchant account, check your credit history. If you have any outstanding issues, make sure to resolve them before applying for a merchant account.
Include your company’s name, address, and phone number.
Provide your company’s EIN (employer identification number), industry, and previous industry experience.
Create a list of the products or services you offer. This will provide the provider with a clear picture of your company’s overall sales. Estimate how many payments you expect to receive each month or year.
• As a business owner, provide your personal information. It contains your name as well as a government-issued ID. Clarify your role in the company.
• You must provide your private business bank account number so that we can verify your account is active. If you have previously used a credit card processor, you must provide 3 months of processor history.
Submit your application and wait for our response. If you are qualified, we will send you an email with instructions for accepting payments.
How EskayPay Can Help Your Business With Adult Toys Merchant Account?
Companies benefit from having a payment solution that offers a variety of options that are perfectly tailored to their needs. Aside from the undeniable increase in sales.
Here are some of the benefits you can take from us:
- Charge-backs and refunds are reduced.
- Standard payments that are tailored to the needs of the business.
- Increased security and decreased risk.
- Control your business with a powerful dashboard designed specifically for the industry.
- Improved online store user experience.
EskayPay is highly concerned with assisting the merchants who are accompanied by the Adult merchandise by providing them with the Adult Toys Merchant Account. We endure businesses by providing them with the right payment solutions.
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