Adult Merchant Accounts

Adult Merchant Account Approvals

The adult toy industry has always been a mammoth of growth and popularity and it continues to be so. Experts at Statistic Brain Research Institute put the sex toy industry growing to over $35b USD by 2023. As public option continues to shift in regards to the industry and how it’s products are marketed, there isn’t a better time to get involved in the adult industry.

Adult Merchant Account to Accept Credit Card Payments

Despite all of the booming economical promise, many adult merchants having a difficult time getting approved for credit card processing. Banks and other financial institutes have not come to the acceptance that the adult industry is a completely legitimate venture. One of the biggest hurdles is, what banks call, “reputational risks”. Banks will often steer way clear of anything they find to be “racy” to protect their outward appearance to customers and shareholders.

When a business or, in this case, an entire industry is placed in this category, they are labeled as high risk. While most payment processors and banks will not accommodate for high risk businesses, you’re not completely out of luck. Specialty merchant service providers that focus on providing high risk merchant accounts do exist.

In this article, we’ll cover some of the downfalls that sellers of sex toys often encounter when applying for a merchant account and how to avoid them.

Obstacles Facing the Adult Industry

When looking to accept credit card payments with an adult merchant account, there are several obstacles you are bound to encounter. Many generic merchant service providers work with banks that view the adult toy industry as a risk.

Being labeled as high risk can come from a variety of circumstances. Financial institutions have labeled adult businesses as high risk for reasons including:

  • High Volume of Chargebacks or Disputes
  • Adult Themed Content & Products
  • Strict Laws & Regulations
  • Reputational Risks
  • Buyers Remorse

Chargebacks and disputes are a bigger issue in the adult industry than with businesses that are more traditional. Chargebacks can occur if a customer is attempting to hide information from a spouse or family member, using a stolen card or friendly fraud.

Another major factor for banks is known as reputational risk. Financial institutes often chose to immediately decline merchants if they are in an industry seen as controversial. Unfortunately, all banks have a different way of viewing this and set their own standards. It is for this reason that choosing a merchant service provider experienced with high risk merchant accounts can be the difference between an approval or decline.


Businesses Types In The Adult Industry

There are a number of legitimate business types that all fall under the broader term of “adult entertainment”. All of these business types, while vastly different, are often treated the same by financial institutes:

  • Adult novelties and toys
  • Online dating apps
  • Strip clubs
  • Escort services
  • Adult massages
  • Adult content websites
  • Adult bookstores
  • Lingerie and adult clothing

If your business falls under one of these high risk adult business types, Leap Payments has a solution that will work for you. We are specialized in getting high risk merchants, like adult entertainment, and have been getting accounts approved that others reject for 10 years.

Getting Approved For An Adult Merchant Account

At Leap Payments, getting started with adult credit card processing solutions is quick and easy. We provide customized adult merchant accounts designed specifically to meet your business’ needs. Whether you accept credit card payments online or in-person, we have you covered. Our safe and secure payment gateways will help reduce the risk of chargebacks to your adult entertainment business.

  • Full Featured, Debit and Adult Credit Card Processing
  • Compliance with All Regulatory Industry Standards
  • Our Solution is Completely Domestic (Processing Bank is in The U.S.)
  • Custom Solutions, Tailored to The Needs of Your Business
  • Adult Merchant Account Approvals in As Little As 24-48 hours.
  • High Volume & Adult Wholesale Suppliers
  • Integrate with Mobile Readers, Terminals and POS Systems
  • Fast Funding Options (Same Day & Next Day Funding)
  • Payment Processing for Adult Start Ups (No Prior Processing History Required)
  • Online Sales with Adult Payment Gateways for 1000’s of Platforms
  • Low Rates and No Hidden Fees for Adult Payment Processing

Discover why we are the preferred adult merchant service provider. Our 100% U.S. based customer support team is always ready to assist our merchants. Learn more by contacting a Leap Payments adult account representative today.

Contact Us Below & Secure Your Lifetime Rate Lock Today!

Or Call: (800) 993-6300

  • This field is for validation purposes and should be left unchanged.