Escort Industry facing the difficulties for Merchant Account
Although the enterprise has visible large growth, banks and creditors keep looking at the adult-orientated nature of escort services as a High Risk. just like the Adult industry has regulations and policies, so do the providers of Merchant Accounts . Even if you are a longtime business with transaction history, finding a processor this is willing to work with a high-risk business can show hard. Financial institutions have categorized escort businesses as High Risk for Some reasons which include: Dispute Rates and High Chargebacks Rules and strict Laws Chargebacks and dispute can happen when a client is attempting to conceal data from a spouse/family. And, if they are utilizing a stolen card. Different dangers incorporate merchants who utilize their site as a front for money laundering or even to sell prohibited prostitution. Merchant Stronghold can get your merchant account approved quick and simple, no matter the tendencies institutions may also have t...