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Personal Finance News Releases
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(MoneyNewsWire.Net, November 08, 2014 ) River Grove, IL -- Merchants in the adult industry have increasingly been forced to work with companies that specialize in their niche. This is due to the fact that many larger corporations will not open their doors to companies that do not comply with their strict, conservative business models. This can add an extra step or more to make everything from hosting a website to securing a bank account more difficult than most other companies face.
At Adult Merchant Services, we noticed that payment processing was one of the business segments that was becoming increasingly difficult for merchants. Many accounts were being dropped and fewer and fewer banks were allowing adult businesses to remain on their books. The payment processors that still allowed adult businesses were charging large fees to process their transactions. Seeing a need in the industry for low cost adult credit card processing solutions, Adult Merchant Services was born.
Unlike other payment processing solutions used for the adult industry, Adult Merchant Services works direct with multiple banks. Our banking network specializes in medium to higher risk businesses, meaning that we are able to offer direct adult merchant accounts with competitive pricing. With a direct account, merchants have full control of the pricing and customer billing information. Many times this does not sound important, but as a business grows it is vital to have access and control this information.
Sponsored accounts are another kind of solution that has appeared and are used for adult businesses. Unlike a direct merchant account with a bank, these accounts house multiple merchants and place transactions into a pool. Payment processors charge higher fees by assuming more risk but offer easier underwriting requirements and faster approvals. Long term their rates usually remain higher and they force merchants to have to sign up customers again if they want to move processors. This inability of the merchants to control customer rebilling information is how these processors can insure clients remain for the long term once the merchants see their fees are much higher than most.
Another segment of the adult business that Adult Merchant Services provides is support for online transaction management. Our payment gateway was designed for higher volume and multiple account merchants, features that are common with adult businesses. Our gateway has automated the process for managing transactions and has features that allow for storage of customer billing information in a fully PCI environment. These features help merchant streamline their business so they can focus on growth.
It is very important for merchants in the adult industry to research and read all of the fine print before making a payment processing decision. Though most banks will not accept an adult merchant, there are avenues for these merchants so that they can find affordable pricing to grow their business. The payment processors that offer the fastest approval might not be the best long term choice.
About Adult Merchant Services:
Adult Merchant Services is a full service payment processing company specializing in the adult industry. We are an industry leader in credit card processing and merchant account services. We also provide ach and check 21 payment services along with transaction management services through our adult payment gateway.
Adult Merchant Services
Ryan Greene
1-877-488-8885
ryan@adultmerchantservices.com
Source: EmailWire.Com 
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