Easy Adult Merchant Account Options
Merchant accounts for adult sites are only provided by those people who are willing to accommodate risky and controversial businesses. Normally most merchant-account providers refrain from associating with such risky trade. Even if they do, the rates offered are much higher compared to normal merchant accounts. Such is the case with credit card processing for adult sites as well. There are cases where they charge up to 20% more.
The payments to a merchant-account for adults can come mainly in two ways that is the monthly membership fee which is charged for continued service as well as one-off fees. These payments have to be credited to an account maintained solely for this purpose.
One way is to conduct a thorough search of the internet and advertise your site to access account providers willing to take on your business. There are some who will take you in after assessing the credit worthiness of your business. If you happen to fall short of their requirements, they will allot you a third party merchant account and once your revenue exceeds their cut off limits for an account for Adult sites, they will allot you your own merchant-account.
If it proves to be difficult to access such a service in your zone, there is no harm in considering an offshore account. Offshore account providers are often receptive of such risky businesses. The charges here are bound to be lesser. At the most they will charge around 4-5% higher.
The formalities connected with opening such accounts are not very difficult. All they ask for is basic information relating to the nature of the business and some personal details of the merchant operating the business. The location or nationality of the business and its owner is not a matter of concern for such offshore agents who provide merchant accounts for adults.
These offshore concerns make arrangements for receiving periodic payments as well as one-off cash receipts. Few hurdles are faced with such an arrangement as these service providers are prompt and orderly in their payments. They are equipped with state of the art software for detecting fraud and duplication.
The Adult sites business can be a money spinner therefore there is no real dearth of risk takers willing to provide merchant accounts for adult site business. Some adult sites rake in several millions year and thus will have numerous takers.