High Risk Merchant Account
It would be nice if payment processors such as PayPal treated all businesses the same; however, they don't.
Is Your Business High Risk?
Yes, if you're an escort looking to implement credit card payments, be aware that your business is high risk! Escorts are related to adult entertainment category of businesses. Adult entertainment businesses are at high risk for chargebacks, or they may sell products or services of a questionable cause.
Trust me, mainstream payment processors don't want to deal with the headache of constant chargebacks and whatnot.
Authorize.net vs. PayPal
Authorize.net is a PayPal alternative for many. It has been known to be a bit more lenient to adult oriented type business such as escorts.
Fraud protection, online payment and mobile payment are some of Authorize's features.
Avoid Fake High Risk Merchants
Unfortunately, there are predators out there lurking to catch their next desperate victim who can't find a payment processor to accept them. These guidelines should help determine a processor's credibility:
- Their Terms & Conditions: Many processors will have their terms & conditions, contracts, etc. lurking somewhere in the public eye. If you can uncover their these documents, read them very carefully and pinpoint any ways where the company can scam you!
- Their Online Reputation: If you're able to find positive reviews, then good; however, if they're bad or you can't find none, then avoid! Be sure to check out the Better Business Bureau as well since they're a consumer protection based entity.
- Their Website: Finally, if their website looks outdated, like you can literally hear the dial-up sounds from the 1990's as you glare at their homepage, then avoid! A reliable business will have their shit together. Especially their online image via their website!
In general, do diligent research on a company before talking business. Especially when it comes to your financials!