This trend shows no signs of slowing anytime soon. Credit card payments for dating sites, however, is considered risky business for many card issuers, which was a main topic during this interview.Jul 21, · Vantage Payments is a good fit for online dating sites that have limited processing histories or that require offshore merchant accounts. Vantage Payments currently has a clean complaint record across all review websites, which is an impressive feat for a company specializing in offshore merchant urbanjoy.coted Reading Time: 8 mins. Mar 06, · So, kick back and get ready to learn the quirks of online dating payment processing presented by the payment processing gurus. For starters, you need to know that the online dating market has grown by 25% in the last year and is now ranking among the top five industries with an average transaction over 5 EUR.5/5(2). May 31, · Credit card payments for dating sites, however, is considered risky business for many card issuers, which was a main topic during this interview. Why Dating Sites Are Different The reason dating sites are considered to be one of the most dangerous environments for credit card processing is because of the unusually high probability of urbanjoy.coted Reading Time: 5 mins.
Why Dating Sites Are Different The reason dating sites are considered to be one of the most dangerous environments for credit card processing is because of the unusually high probability of chargebacks. When this occurs, the dating site receives a black mark from their card processor, even though the site itself has no control over the situation, since the purchase made adjlt the card was totally legitimate.
Payment processing for online dating sites | Ikajo International Blog
This is why businesses utilizing credit card processing for dating sites should have the necessary risk mitigation services in place to protect themselves from the negative aspects associated with this industry.
Failure to stay ahead of chargeback problems and bank disputes so prevalent in the online dating sector can result in revenue losses, increased transaction costs and even fines.
Charges Versus Fees While the percentages that banks charge dating sites per transaction are typically in line with those for other online retailers, the real cost stemming from disputes turning into chargebacks is in the fees your bank will levy.
Keeping Outside of the Chargeback Channel To get in front of these problematic chargeback issues, InovioPay works with networks that have good standing relationships with the big name banks that issue most of the credit cards used by dating site visitors. A refund is guaranteed to the customer and the entire matter is handled without incurring high fees or fines. Friendly Chargebacks and Chargeback Mitigation No matter how sophisticated your credit card processing for dating sites may be, there will always be people who try to beat the system by purchasing your service and then later going to their bank, complaining for some reason and demanding a refund.
Communication With Customers Good communication with processing customers is another critical factor in keeping your relationship with your credit card processing company on a healthy footing.
This message should provide them with an easy means for contacting your company, either by phone or on the website, if they have a questions, problems, or disputes. Adult is why your dating service lines should be open and answered immediately.
It works across operators and is best for microtransactions. All one has to do to pay for goods and services using Premium SMS method is send a premium-rate text message. The amount will be instantly charged from his mobile account. Mobile billing. Mobile billing is the new black in online dating. Implementing mobile payments translates into increased traffic and conversion rates for the merchants.
Because it sites fast and simple. And also think about this: since we tend to use cell phones for texting on online dating sites, it is only logical to offer payment methods that require the same cell phone to pay for these services. So, by offering this payment method, the merchant directly impacts his revenue. Bitcoin payments. Since Bitcoin is here to stay, it is only wise to offer the end users a chance to pay for the payment with for. So why depriving them of such a pleasure?
Recurring billing. Since most of the online dating sites use the subscription modela PSP willing to be relevant to these merchants has to offer this payment method. Bear in mind that recurring billing comes with multiple retry options, smart routing, and soft declines management.
Rich choice of card types. TO cover all the bases, you need to zites a wide selection of card types. And if there is anything specific to your own audience, add that audlt the list, too. These are the key features every online dating merchant wants to see in a payment processor. Here at Ikajo International, we guarantee to live up to these expectations. For more professional insights on niche payment processing subscribe to our blog!
Thanks for this overview.
Is Sofort even possible for dating businesses? The acceptance of the payment methods depends fully on the website owners. We, as a payment service provider, only provide merchants a choice of the payment solutions that they use to accept payments from the clients. Save my name, email, and website in this browser for the next procesding I comment. Thanks for filling that out.
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Credit Card Processing for Dating Sites
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