The escort industry has gained immense growth in recent years. It offers lucrative business opportunities for anyone with knowledge of providing escort services. There are, however, some obstacles you have to take into account, mainly regarding the difficulties in obtaining escort merchant services. All adult merchant accounts are considered high-risk, and most financial institutions will likely stay away from them.
As an approved escort merchant, you can accept both mobile and virtual terminal credit card payments when you successfully open an escort merchant services account. However, the challenges associated with not accepting credit card payments via an adult merchant account can be devastating for some business owners.
Some low-risk payment processors and merchant aggregators may allow you to open your escort merchant account on their platforms but will eventually shut you down. With a true high-risk merchant provider, you will pay higher transaction fees and initially might have to limit the volume of transactions you accept. Your merchant service provider can always change policies and shut down your account without warning, especially if your processing history is questionable.
What to Expect from Your Escort Merchant Services
Before settling for a high-risk credit card processing service, you should consider some key things.
The internet offers a wide range of benefits to businesses. However, it also introduces risks to data safety and security. Potential clients for your escort services are particular about their data protection and security standards.
You have to keep in mind that the safety and security of your clients’ information are paramount. A merchant account that safeguards a successful and profitable escort business will have the following features:
- Competitive rates and fees
- Unlimited processing volume
- Chargeback management and resolution
- Rock-solid data security protocols
- Payment acceptance from most if not all types of cards
- Various options for accepting payments online, and in-person
How to Get Reliable High-Risk Merchant Services
The online escort industry is considered a high-risk business because of the high volume of chargebacks and fraudulent payments for this particular business type. Most acquiring banks will deny you escort merchant services if they suspect that your business is unprofessional.
All high-risk merchant accounts initially have strict demands and will, in most cases, charge high fees and initially require a reserve. Most underwriters take you through an exhaustive application process.
The payment models you select for your escort service merchant account should not put you at high risk of chargebacks. For instance, a company that provides a one-off service cannot have a recurring payment model.
Some of your potential customers will also not sit well with the idea of upfront charges. You also need to put in place clear policies for your business and comply with safety and security requirements.
SecureGlobalPay High-Risk Payment Processing Services
SecureGlobalPay has provided high-risk payment processing solutions, including escort merchant services, for over 25 years. We have developed long-term relationships with many high-risk acquirers and put together extensive tools and expertise to ensure reliable and affordable data security standards. Besides quickly approving your escort merchant services account, there are numerous additional benefits for high-risk merchant accounts, including the following:
- No application fee
- Quick turnaround on the application process
- Chargeback prevention and management tools
- Secure and PCI compliant payment gateway/checkout
- Quick approval
- Unlimited transaction volumes once established
Additional benefits you will receive from SecureGlobalPay include access to monthly statements, risk monitoring with various reporting tools. Customer support, technical services, multi-currency processing, and offshore merchant accounts are also available. You can quickly and easily apply for escort merchant services by clicking below.