Adult Merchant Account Expand Your Adult Toys Business Globally
The adult industry is the giant elephant in the room according to the internet. It is also one of the most profitable markets on the internet. According to the study, the adult toys industry size is recorded as per the business revenue, of the adult toys & solutions businesses industry is $856.1m in 2022. Global payment gateway platforms deliver competitive and financially durable solutions for all businesses in the adult industry. This also comprises dating websites, adult toys, adult content websites, escort services, and many more.
What is an Adult Merchant Account?
The adult merchant account industry has been productive. However, we can see the expanded number of adult toy providers and that is equally balanced to an expanded number of viewers and adult service providers. Adult merchant account is also marked as high-risk by local merchant service providers. However, merchants are subject to search for dedicated and durable adult merchant service providers. More and extra of those adult toy companies' unbiased standard sound into the increasing industry by simplifying eCommerce sales.
Factors to consider when preferring Adult Merchant Accounts
Are you looking for a cost-effective and seamlessly efficient adult merchant account? You have disembarked in the right zone. WebPays also delivers adult merchant accounts for all products and services comprising entertainment websites, webcams, online content, online dating websites, adult content downloads, legal escort solutions, streaming videos, toys, novelty products, travel, strip clubs, and many more.
- Inferior pricing structure
Look for a more increased competitive pricing structure associated with the top-level technique. Moreover, connect with a reliable payment service provider who delivers high-risk merchant account platforms at very affordable rates.
- Quick approvals
Fast adult merchant account approvals so you can take more increased orders faster.
- Numerous payment methods
Opt for a payment processing solution that delivers multiple payment methods comprising debit and credit cards, eChecks to increase orders from US customers, and multiple global payment methods to boost sales from global customers.
- Receive payments via all platforms
Implement payments with your website and mobile applications. And also receive transactions from mobile devices and can easily process mail/phone (MOTO) orders via online platforms.
- Recurring billing payments services
Your preferred payment processor must offer recurring billing payment services. However, that is effortless for customers and beneficial for your business.
- The secure adult payment processing platform
You must look for a highly secure and compliant payment processing solution that keeps your business and customers safe and protected. Moreover, top-level encryption secures susceptible payment details.
- Chargeback prevention features
There must be multiple chargeback prevention features to support maintaining chargebacks before they occur and prevent them as soon as possible.
- High-volume payment processing ability
Your payment gateway solution must offer a high-volume payment processing capacity to grow your business and increase your business revenue.
- Expansive banking network
Reduce payment processing risk and also evade assurance on a single acquiring bank.
What can you do to improve your possibilities of getting authorized?
Operating a business in the adult industry classifies you as high-risk. There are multiple complications you may face. Yet, there are activities you can make to enhance your possibilities of getting approval for an adult merchant account. These activities comprise:
- Assuring a good personal credit history and improving personal credit score
- Being transparent with your application, as increasing numbers will make instabilities between your processing transactions and adult merchant account application
- Evading the MasterCard notification to prevent high-risk merchants (MATCH). And this puts businesses that have had an ended merchant account. However, as well as the cause for the stated termination
- Paying taxes regularly as tax acquires charged for contrary taxes may lead to a declined application.
Why prefer WebPays as your payment processing associate?
Our primary goal is to deliver you affordable prices, easy and fast approvals, and instant payouts with international merchant accounts. Moreover, we have a secure and reliable online payment gateway solution for adult businesses that play a significant role in adult toy industries. So, here are some primary reasons adult toy websites why prefer WebPays as their payment processing associate.
WebPays can also deliver numerous payment processing services and acquire banks to select from.
- High-risk payment gateway processing platform
- Multicurrency payment processing feature to focus on international customers
- The affordable and transparent pricing structure
- Fast payout
- Fraud prevention tools to maintain your business secure
- Endorse High ticket Transactions
- Excellent 24*7 Customer & technical support
- Moreover, level 1 PCI-DSS compliant security measures help to keep secure payment processing solution
What other payment solutions do we offer?
WebPays is Europe’s best high-risk payment processor that provides payment solutions, such as high-risk merchant accounts and credit card processing, to all high-risk businesses, including gambling, gaming, casinos, adult toys, escorts, forex, and so on. Our international payment gateway is a highly advanced payment service that supports 100+ international currencies and payment methods and helps you reach the international market. These are other payment solutions in which we have expertise.
| Casino Merchant Account | Forex Merchant Account |
| E-Commerce Merchant Account | Fantasy Gaming Merchant Account |
| Escort Merchant Account | Adult Toys Merchant Account |
| Dating Merchant Account | E-Cigarettes Merchant Account |
| Tobacco Merchant Account | IPTV Payment Gateway |
The online payment industry is experiencing tremendous modifications added by fast technological advancements that are increasing customer requests.
However, the online payment industry is predicted to be USD 19.89 trillion by 2026. Also showing a compound annual growth rate (CAGR) of 24.4%. Smartphones, QR codes, online wallets, and an increasing number of payment applications have allowed this evolution. However, performing payments basically hides and delivers mesmeric, streamlined, and effortless payment experiences.
In this article, we have described the top four payment trends we anticipate will enhance the payment industry in 2023. But also, we require to take into reflection some of the major complicated issues that our today's global financial industry is facing. And those comprise:
- The possible risk of deflation and expansion could contest evolution.
- A high stage of income difference and overall income eligibility.
- Continuous international supply-chain interruptions.
- Geopolitical stresses guiding to expanded trade sanctions.
On the basis of these issues, let us discuss what can businesses predict from the payment industry in the coming year.
Trend 1: Constant development of Implanted Lending, and Buy Now, Pay Later
As per the cloud banking system Mambu, there will be a point in the use of emerging contributions in 2023. Because many businesses glance at implementing financial solutions.
Businesses are adopting implanted contributions as one of the most recent fintech technologies for business development. In the US, the adopted contribution industry is anticipated to rise at a CAGR of 27.5% in the coming years to top about USD $200 million by 2029. Buy Now Pay Later (BNPL) systems are at the front of implanted contributions for B2C businesses. And are predicted to exceed all other sorts of unprotected contributions soon.
As per Statista, the international BNPL system is predicted to be almost USD 576 billion by 2023. And a massive growth made by the expanding prevalence of online shopping and the requirement for comfort. With the expanding numbers of customers preferring BNPL systems, an unspecific financial environment initiates rising concerns regarding customers' dropping into increasing deficits. The BNPL industry will be a matter of more restricted insight in the coming years.
Trend 2: The priority should be privacy and security will enhance
In 2023, there will be an expanded focus on cybersecurity in online payments. Also caused by the evolution of the eCommerce industry, cashless transactions, and cyber risks. As per the 2020 record by Argus Analysis, cybersecurity failures could arrive at USD 10.5 trillion by 2025.
A 2021 record by industry research business Nilson, emphasized chargebacks as a significant concern. And where fraud is anticipating to charge the debit and credit card industries over USD 400 billion in harm more than the next ten years.
Trend 3: Merchants will promote ‘pay by bank’ at the checkout platform
An increasing number of merchants are prompting customers to ‘pay by bank’ instantly. And professionals expect this will become a huge option in 2023.
For most banks, this decodes to a revenue impact, as merchants can evade the ‘swipe costs’ connected to card usage. Pay by the bank is also known as an account-to-account transaction.
We are already noticing this movement develop in Australia, with the National Australia Bank’s experience capital fund spending in the London-based fintech industry, Banked, to take ‘pay by bank’ to merchants in the country.
The technology enables merchants to receive payments instantly from the bank accounts of customers, without using a debit card.
Trend 4: Electronic transaction volumes will only persist to develop
Research by Juniper Research indicates mobile contactless transaction volumes will exceptionally surpass contactless card volumes by 2023. Transaction volumes for mobile transactions will increase from 26 billion in 2021 to 49 billion in 2023, denoting a development of 92%.
Whereas online payments volume will expand around all alternative payment methods. Point of Sale (POS) debit and credit card volumes will presume to expand naturally.
Online brick-and-mortar transaction volumes will resume advancing card-present transactions, but fewer.
How WebPays can assist you?
Putting on top of implanted trends, technologies, restriction modifications, and the introduction of recent global payment standards can be complicated. With the WebPays Payment processing platform, you can facilitate the complications of handling your entire transactions atmosphere.
WebPays supports getting the right payment solutions. And also delivers in-depth instant presence, driving it easy to analyze the performance of your payment processing system, and diverting that payment details into useful insights.