Other types of high risk merchants can usually still get their payments processed by large banks and major credit card companies. Businesses in the adult industry, however, are not so lucky. In order to approve an adult merchant, a credit card processor’s sponsor bank must include adult businesses in their underwriting guidelines. Accept credit cards with CardBilling. CardBilling provides the order page of your online entertainment website and handles the payment. After free integration with our Remote User Manager or with our FlexPay API you will be able to accept credit cards worldwide. Apply now.
High Risk Adult Payment Processing. Online adult entertainment and adult novelty retailers are categorized as high risk. Because of this, these business owners have to fight to get approved for an adult merchant account.. It’s very difficult for these companies to successfully obtain payment processing through an adult merchant account. However, credit cards do allow cash advances from ATMs, he says. These funds can then be used to buy chips or inserted into an electronic gaming device like a slot machine. Keep in mind the high.
Adult performers have had their personal bank accounts shut down without forewarning. the adult entertainment and sex toy industries are bustling. Most companies that process credit card. The reason why none of those gift or pre-pay cards work is because they are not credit cards -- they're debit cards. My understanding is that, in the US, debit cards are still not as ubiquitously used as in Europe, and are mostly for in-person purchases (ie, in stores/restaurants/etc.) posted by war wrath of wraith at AM on December 5,
Furthermore, the CARD Act of prevents young people under the age of 21 from obtaining a personal credit card without proof of income or an adult co-signer with good credit. Even when you do meet the qualifications, your lack of experience may be enough to keep you from obtaining the credit card of your dreams. Credit cards at Barclays Bank are only issued to customers with prestige bank accounts, a service limited to clients with a monthly income of more than Shs million.
The adult entertainment industry appears to be booming. The nation's nearly 4, strip clubs earned $ billion last year on $ billion in revenue, according to data compiled by IbisWorld. Revenue grew by a % annual rate from to , fueled by an increases in disposable income. CyoGate does offer credit card processing solutions specifically for merchants in the Adult Entertainment industry. There are some higher processing fees and more restrictive terms associated with these types of merchant accounts, due to the risk associated, however you can rest assured that you will not have your merchant account terminated.