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The industry’s rapid growth has led to consolidation among market leaders, most recently with Match Group’s acquisition of IAC/Inter Active Group.
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Leap Payments can get your account started quick and easy, regardless of the tendency for institutions to lean away from this online industry.
Leap Payments Approves Adult Dating Merchant Accounts Signing up for an adult dating merchant account at Leap Payments is simple.
Research associates interviewed 2,001 adults, 18 years of age or older, living in all 50 U. states between June 10, 2015 and July 12, 2015, among a national sample and the District of Columbia.
Online dating consultants and service providers are categorized by SIC Code, NAICS Code and Visa Merchant Category Code (MCC) to comply with payment card industry requirements.
Now, more so than ever before, entrepreneurs have been seeking to invest and develop businesses inside the adult dating industry.
Contact Leap Payments to manage your adult dating merchant account if you have wanted to start up in the online dating industry.These merchants share an account within a large merchant portfolio until they are mature enough or have enough credit card processing history to obtain their own merchant account number.Merchant discount rates are favorable within this portfolio because the account is protected from chargebacks and high credit card processing volume within the merchant portfolio.However, these banks will only process with processors that have had long-standing relationships that have produced a significant amount of trust.Fortunately, International IBC Banking has established relationships with these banks and we are able to offer a solution tailored to your business needs. We work with online dating merchants who operate: By Processing with us you will receive several benefits along with the options listed below: 3rd Party or Aggregation Accounts Third party accounts are for merchants that have difficulties maintaining their own merchant accounts or have consistently high chargebacks, which is sometimes frequent in the dating industry.Just like adult dating service companies have rules and regulations, so do the providers of merchant accounts.Tags: Adult Dating, affair dating, sex dating