dating app merchant account

If you operate an online dating business, having the proper merchant account is vital, as online dating merchant accounts fall into a high-risk category.

Whether your online dating business is brand new or you are an established company dealing with thousands of customers daily, the last thing you want to do is run into online dating payment processing problems.

Since you are considered as operating in a high-risk category, this  means that you will be under increased scrutiny from acquirers and  payment processors.

For example, if you experience excessive chargebacks and/or fraud in a  given month, the processor can choose to terminate your account  immediately and hold your funds for the chargeback liability period – at  least 180 days. These terms and conditions will not be a surprise and can be found in your Merchant Processing Agreement (MPA).

However, the online dating industry is ever-expanding as we are  seeing more and more people finding their matches online. In 2020,  globally, online dating services brought in over 3 billion dollars of revenue, and according to Statista, the online dating industry is expected to bring in over $3.2 billion in global revenue in 2021.

There are currently over 8,000 dating websites operating on the planet, with over 2,500 coming from the United States. This number is increasing daily and shows absolutely no signs of slowing down.

At PPS, we make the process of applying for a merchant account as seamless as  possible. Once you submit your application and are internally pre-approved for your high-risk merchant account, you will be guided through the application process fully. Our goal at PPS is to always  make applying for a merchant account an easy process with no surprises and no gimmicks!