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The reimbursement is offered in our staffed stations only. Prepaid Travel Prepaid purchases refer to tickets or rail passes that you buy for someone else, either as a gift, for a child who is travelling with you or for an unaccompanied child. By and large, it would be best if you were prepared to answer several questions about your company. For instance, the underwriter will look at your credit score and credit card processing history. If possible, ensure you pay off your bills.
Another red flag is a long history of having a large volume of chargebacks.
Furthermore, your website must be secure for users making payments. To get approved without any back and forths, you should be prepared to make a strikingly good impression. Following these tips makes it easy for an adult merchant business to get approved within the shortest time possible. How to increase your credit card processing volume A new adult merchant account often comes with a cap on the monthly credit card processing volume.
Without a doubt, this is a problem for fast-growing merchants that do a much higher volume. The good news is that the cap can be lifted or raised even higher.
A good rule of thumb is for your business to have at least three consecutive months of hitting your credit card volume before seeking an increase. The issue with chargebacks and how to fight them The adult entertainment industry is categorized as high-risk for several reasons. One of them is the volume of chargebacks that categorizes the industry in general.
A chargeback occurs when a customer disputes a debit or credit card transaction. The drawback here is that merchants are unable to defend themselves against these chargebacks. So merchants must have a winning strategy for handling them. Given time and with the evidence, adult businesses can dispute most chargebacks and recover lost money.
In fact, the more easily this information or evidence is retrievable by the merchants, the better their chances of fighting and winning chargebacks. It makes more sense to try and prevent chargebacks before they occur; it is easier to stop or prevent it from happening in the first place.
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Cleaning the mess can be a strenuous task, even without speaking of the damages it brings to businesses in the industry. From practice, the best way to handle the menace of chargebacks is by preventing them from happening at all.
For merchants in the adult entertainment industry, this will definitely help to save a lot of time and resources.
This means that merchants have the responsibility to clearly communicate to their customers billing information will appear. Bearing in mind that an unrecognized name can trigger a chargeback as easily as a known name would, the merchant must try to communicate any adjustments to their customers through receipts, order confirmations, and emails. Last but not least, finding a processor that offers on-demand assistance when you need it demonstrates a desire to help you identify potential threats and a willingness to maintain an open relationship with merchants.
With Bankcard, you get free equipment, no long-term contracts, and a processor that specializes in high risk and is committed to providing total transparency in the billing process.
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Nobody works harder to get adult businesses approved for a merchant account than us.