Credit Card Processing for Escorts | Escort Merchant Accounts
Let’s face it…not many people carry a lot of cash on them these days. We live in a plastic society. Give your clients the convenience of paying by credit card for the services you offer at your escort agency. We offer credit card processing solutions for escorts that work on their own, as well as merchant account solutions for escort agencies.
Advantages to accepting credit cards:
- Studies have shown that businesses which start accepting credit cards see an increase in revenues of from 30% to 100%.
- Clients that may not have cash available for your services can charge it to their debit or credit card.
- It’s much easier to ‘upsell’ your services and generate higher average sales per customer.
- There’s less risk for you by not having to carry a lot of cash on your person.
If you’re an escort or escort agency looking for credit card processing services, we have a great solution for you. We offer merchant accounts for all types of businesses.
- U.S. Escorts & Escort Agencies Application Form
- Need more information? Fill out our ONLINE FORM
High Risk Business Models:
From a credit card company’s perspective, one of the numerous things which influences the risks related to processing charge cards for escort businesses is your business model. What exactly comprises your business model?
- the services that you provide
- the particular way your business advertises itself
- the fees charged for your services
Because your business model falls within one of the areas that credit and debit card processing firms determine as ‘high-risk’, your enterprise will need to set up your processing account utilizing a processing service which allows businesses that have higher risk business models.
Other Risk Issues Associated with Escort Businesses:
The prospects for chargebacks that may be created through your escort service merchant account may well be the most critical factor with regards to deciding on the risk potential of your operation. This is because any time a charge card service permits a merchant to carry on with handling customers’ cards while incurring a greater ratio of chargebacks than is acceptable to Visa and MasterCard, it becomes liable to incur substantial penalties.
Amongst the other factors that may impact the question of whether an escort service could be viewed as risky will be the owner’s personal credit score, marketing processes, and high pricing.
For those who are already processing with a merchant account provider, but wish to change providers, it goes without saying if you’ve already got a pretty good card processing track record, you can expect to have a lot more leverage when it comes to discussing discount rates with the merchant card account service provider. No matter whether your organization type is determined to be high risk, you will enjoy reasonable rates, if your venture’s processing history is positive. The majority of processing services will need to have, at the very least, 3 months of preceding processing statements from your escort business before they will work out a rate for you, the reason for such a stipulation being that they are interested in whether your business has experienced a problem with chargebacks or with any other issues.
Repercussions in the Event Your Business is High-Risk:
Due to their having a more significant potential for fraudulent behavior, a large number of high risk merchant credit card accounts are accompanied by special stipulations – for example, longer fund transfer delays, reserves, constraints on sales volumes, and of course, higher rates and fees.
Additionally, when the processor looks at your risk factors and decides that they are simply too significant, it can turn down your request for a merchant account. This may be on account of any of the considerations outlined above. Furthermore, extraneous circumstances such as a change in state or municipal laws and regulations may cause a business to be turned down for merchant services.
What to Do Next:
At The Transaction Group we are well aware of the particular difficulties that escorts and escort agencies confront when you are looking for trustworthy merchant services. Personalized relationships are important in the high-risk merchant services sector, and as a consequence we now have an array of relationships with card processors that will help ensure we can locate the best suited solution with regards to your escort services.
To help you begin processing charge cards today, or to learn more regarding obtaining a merchant account, feel free to click on one of the links directly below
- U.S. Escorts & Escort Agencies Application Form
- Need more information? Fill out our ONLINE FORM
