Adult Entertainment Industry High Risk For Merchant Accounts

Adult Entertainment Industry High Risk For Merchant Accounts

The adult entertainment industry is one of the most successful and continually growing fields in the world and is responsible for earnings upwards of $97 billion per year.  The industry includes many legitimate, profit-making businesses that follow all legal rules and regulations to the letter.

This includes companies that deal in toy and novelty sales and manufacturing, escort and dating services, film and video production and sales, telephone services, pornography, live stream services, etc. Unfortunately, no matter how much of a profit these types of firms bring in and how rule abiding they may be, adult entertainment companies have an extremely difficult time obtaining the merchant accounts they need in order to accept credit and debit card payments from their customers and clients.

Too Many Strikes Against Them

The fact is, if the banks and credit card processors find even one reason to place any type of business in a high risk category, they feel that the company is too much of a risk and that they have good reason to turn them down for a merchant account. In the case of the adult entertainment field, many firms have more than a few strikes against them that places them in a high-risk category, resulting in the banks feeling more than justified in saying no to providing them with their much-needed merchant accounts.

Grounds For High Risk

If you were to ask the banks to provide their reasoning for placing adult entertainment companies of all types, in a high-risk category, they would most assuredly provide you with quite a long list of reasons. At the top of that list would no doubt be the controversial nature of the adult business world and the huge number of extremely strict rules and legal regulations that must be followed in that field.

In addition, banks are highly concerned with their own reputations and don’t want to be associated with businesses operating in areas that may be of a questionable nature. Moreover, the adult entertainment industry is known to be plagued with fraud and chargebacks, two of the strongest reasons banks will refuse to provide merchant accounts to any type of company.

If that isn’t enough, many adult entertainment companies process a very high volume of transactions, accept extremely large payments for products and services and additionally, offer subscription and per minute services. Furthermore, start-up firms are often unable to provide a credit history of any kind. Each of these reasons are major red flags to banks and credit card processors when it comes to providing merchant accounts and merchant cash advances.

Help Is Available

The good news is, you’re not alone and you don’t have to struggle. There’s help available for all types of adult entertainment companies, in the form of high-risk merchant processors, that specialize in helping businesses such as yours, obtain their high-risk merchant accounts. The key is to find a really good merchant processor with a proven track record.

You’ll want to do business with a company that has a fine reputation with a long standing history of success. One that has the experience, know-how and bank connections necessary to help you easily obtain and keep your merchant accounts. You want a partner that’s more than just a credit card processing company. 

First Card Payments

We’re First Card Payments and we’ve spent the last twenty years successfully helping companies in the adult entertainment industry, as well as many other high-risk fields, obtain their high-risk merchant accounts and ACH payment processing gateways.

We have everything it takes to get the job done quickly and easily, at a very fair rate. In fact, we charge 25% less than our competitors, guaranteed! But we don’t stop there.

Once we help you obtain your merchant account, we’ll stay with you for the long haul and do all that’s necessary to help you keep it. That’s the promise we make to all of our clients and we’ll do the very same for you. You can end your merchant account struggles today!

Find us at:    FirstCardPayments.com