When it comes to Payment Processing, the online dating industry is categorized under “High Risk” business by the providers of Merchant Account. This is due to the fact that the transactions which take place are of very high volume, chances of frauds. Chargebacks and different types of legal complications. So, if you are planning to launch one, it is important that you found a Merchant Account service provider who has a clear understanding about the nature of this industry, the compliance regulations, various legal aspects, frauds and disputes

Why a Merchant Account is required?

As far as a dating industry is concerned, it can yield profit of unbelievable figures. However, due to various facets associated, this industry is also recognized as a high risk one. Dating websites are considered to be risky, because their source of profit is based on monthly payments, which more often than not comes after the expiration of a trial membership period. This is the reason why it is important to have a high-risk merchant account.

Dating Site Merchant Account – What is it?

The fact that dating sites and apps are very popular, most of the offshore payment service providers offer the facility of payment through credit cards. However, there are many, who don’t want to get associated with this industry due to several factors like risk of reputation damage, high chargeback ratio, and chances of making fake merchants.

iPayTotal can offer you a payment processing solution. We offer a wide range of services for the online dating sites of the following types

• Senior Dating Websites
• Adult Dating Websites
• Culture and Race Specific Dating Websites
• Geographic location based dating sites
• LGBTQ Dating websites
• Religious dating websites.

Reasons why Online Dating Merchants are considered High Risk

Many banks will refuse to accept online dating merchants because of the higher-than-average number of chargebacks associated with the industry. Chargebacks are quite common and frequent in this domain; especially when it comes to new registered uses, who come with some unrealistic expectations.

The Online Dating Services we Offer

Here is a brief insight on what we have in store for you

• Offshore Dating Website: We offer best merchant solutions to start-up websites from offshore. We offer payment gateways, which includes solutions on instant credit card processing
• Offshore Accounts: We, at iPayTotal, offer credit card processing and payment gateways for offshore merchants located all over the world. On certain case, we ask for the transaction processing history, especially when credit card processing is required along with online dating payment gateway.
• Virtual Check Solutions: We also offer our virtual terminal check solution to help our clients run their business in a smooth and efficient manner

We, at iPayTotal are committed to help our clients by offering a secure and efficient Online dating payment solution. If you are looking for the best of services, then we have it for you. Get in touch with us for more details on our services, and how we can help you.