Adult Merchant Account : Reviews and Expectations
The primary costs to a merchant of merchant accounts are discount rate and transactions fees. The merchant account provider has a lot of latitude in the pricing structure.
Three tier pricing of Adult Merchant Account is one of the most common pricing schemes. Using 3 tiers pricing, the merchant account provider groups the transactions into 3 groups (tiers) and assigns a rate to each tier. The three tiers are qualified, mid-qualified and non-qualified rates.
A qualified rate is the lowest tier. It is what a merchant is charged when processing a consumer credit card in a way that has been defined as standard by the merchant account provider. The qualified rates is what is usually quoted by merchant account salespeople. A mid-qualified rate is what the merchant is charged if processing a transaction outside of standard parameters. A mid-qualified rate may apply to rewards or corporate cards, which can comprise up to 40% of the cards used for purchases. The Adult Merchant Account, of course, has no control over what card a consumer uses.
Companies with an adult merchant account offer echecks to boost revenues, reduce payment processing expenses, and get new sales. Echecks help make processing more affordable. echecks are an additional payment option on an adult merchant account which increases sales by 8-20% from buyers who do not have a credit card or simply prefer to pay with echecks.
An account with echecks is advantageous for companies that have a recurring or subscription billing model to make payments affordable. Merchant account recurring billing capitalizes on buyer purchasing habits which are conditioned to recurring billing transactions for entertainment services. Companies can take advantage of these en-grained buying habits with echecks.
Over 90% of US households have checking or savings accounts. The addition of echecks to an adult merchant account gives a company access to millions of consumers who can purchase with echecks but cannot purchase with cards.
Affordable Merchant Account Processing
Balancing payment options with echecks makes processing more affordable. echecks have much lower processing fees than cards. In fact, affordable e-check processing rates frequently save companies more than 50% over comparable rates for card processing.
Adult Merchant Account : Reviews and What to look for in a Merchant Account ?
In today's high risk e-commerce industries, there are several credit card payment solutions available for dating, foreign exchange, gaming, replica, travel and web hosting merchants. Merchants should always consider partnering with a payment service provider (PSP) known for credible payouts, customer service and that can provide a technically sophisticated gateway. All these factors assist a merchant to process without interruptions, minimize fraud and more importantly, increase their revenue.
Merchants should work with a payment service provider who not only presents the gateway solution that facilitates credit card payments but a live merchant account. The merchant should know in which bank the merchant account is held and be given access to it. This ensures reliable and secure settlements. This also enables the (PSP) and merchant to forge a relationship based on trust. A reputable payment service provider will be accommodating in extending full disclosure to their merchant(s).
Dating merchants can benefit tremendously if their payment service provider provides rebilling while gaming merchants should always consider a payment service provider who offers affiliate management. Both these services are instrumental in increasing revenues. A merchant should always strive for long term processing and incorporate ant-fraud mechanisms to ensure their volume grows.
A merchant can be successful in partnering with a credible (PSP) and Acquiring bank to ensure all their needs are met.
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