Easy Credit Card Processing for Dating Sites & Services

How Come Dating Services Are Considered High Risk?

When your clients set up their online dating profile they will fill out their information and make a payment online with their credit card. That payment will be processed through a dating payment gateway. This gateway tool is what exchanges the information from your website to different accounts. 

Usually once the information is in there everything happens in the background, which helps keep everything running smoothly without having to chase the clients for payments. Unfortunately, if there’s ever a mishap a chargeback could occur. There are many different reasons why a chargeback could occur, and if they occur often then your business could be deemed high risk.

The most common reason a chargeback will occur for a dating service is “failure to deliver”. This makes sense because even the best matchmaker in the world can’t guarantee a person will find love. They paid for a service and didn’t recieve it, so you can understand why they would want their money back. 

One situation that happens often for dating services are disputes from married people. When a spouse is caught using a dating service by their wife or husband it is highly unlikely that they will tell the truth. What they usually do is start telling more lies to cover their tracks. They may claim that the charges to the dating site were false and deny their involvement with it. This is when they start filing false charges.

However, the biggest reason that a dating service is considered high risk actually has nothing to do with their clients wanting their money back. There have been a lot of cases where the dating service is just a front for something else. In most situations it’s an illegal business, such as prostitution or money laundering. If your business is honest then the bank or credit card processing company will discover that with a background check of your website. 

What You’ll Need to Apply for an Online Dating Merchant Account

At eMerchant Authority, we are here to help you access the best merchant account services for dating sites.

However, to access these payment processing solutions, you’ll need to fill out an online dating merchant account application form. And although we will help you with the application process, you’ll also need to provide some documents to make the process smooth sailing.

So, here’s what you should have with you before you apply for a dating merchant account.

• An identification document – This may be an identification card or a driver’s license meant for identification purposes.
• Incorporation certificate – The incorporation certificate shows that you’re operating a legal online dating service business. This certificate also has important business information such as your company’s name, address, and date of incorporation.
• Your business processing history – This includes your company’s sales volume for the last six months, number of transactions, and the chargeback rates.
• Three months banking statement – Due to the high-risk nature of the online dating business, you’ll be required to provide bank statements for the last three months. You may also be asked for other financial records to verify that your business is in good financial standing.
• Bank letter or a voided check – A voided check helps verify your banking details as it has your bank account routing and account number. If you have just started a business in the online dating industry, you may not have a voided check. In such a case, you can request a letter from your bank that has your account details.
• Any other requested document – During the application process, you may be asked to provide other documents related to your business. We advise that you provide such documents when requested to speed up the verification of your high-risk merchant account.