I've taken a bit of a hiatus from posting here. Life just gets in the way sometimes. However, we'd like to go back to providing you with up-to-date reviews of various credit card processing services. There are so many to choose from that it can be very helpful to have honest reviews to consider before making such a big decision.
Another big decision new businesses need to contend with is where to turn for search engine promotion. Like the merchant service industry, SEO is a competitive business, and it can be hard to know who to trust. We recommend AdvantageSEOServices.com for their experience and professionalism.
They can help with projects big and small - whether you want to focus on getting free backlinks or going all out with PPC advertising and content generation, there's a package that can work for your budget.
Check back soon for a return to topic and more merchant service reviews!
When you work in the adult industry, it can be easy to start thinking of yourself as somewhat of a pariah. We aren't all fortunate enough to be able to talk openly with our families and friends, let alone other businesses, about the work that we do. This shroud of secrecy can spill over into finding corporate services as well.
For instance sex toy stores, strip clubs, websites and entertainers can have a difficult time securing adult-friendly credit card processing from traditional banks and lenders. While other retail stores, restaurants and more mainstream companies can approach their local banking institution for fair merchant rates and a quick set up, adult businesses have to do a little more work to find services that will work for them.
While it may seem like an instance of sex-shaming, there are actually sound reasons behind credit card industry concern surrounding adult transactions. For one thing, doing business online is inherently risky. Unless a company can handle a customer's Visa or Mastercard and obtain a signed receipt for products purchased or services rendered, the merchant bank is at risk of costly chargebacks.
Another concern is that, even with in person adult businesses, there are laws governing sex, pornography and related entertainment. Buyers must be over the age of 18, and banks cannot risk being held liable because the company with which they are working is not careful about verifying age. If you want to get and keep a merchant account, you need to make sure to take age restrictions very seriously.
Fortunately, despite the above concerns, many dedicated providers have discovered that there is a lot of money to be made in adult dating, toys and pornography, and cheap transaction rates are readily accessible for business owners who seek them out. Although they still classify these enterprises as "high risk," the cost for high risk credit card processing can actually be really reasonable.
Whether your business is online or off, good record keeping and a solid financial credit history can help you to activate an account with the lowest possible percentage rates and monthly fees. Most providers can also help you to get set up with an online payment system that will work well with your adult personals, sex toy or pay site. This will eliminate frustration for your customers and will keep your membership renewals processing seamlessly.
To learn more about getting cheap credit card processing as an adult merchant, click here.
Compared to online processing giant Paypal, Revolution Money Exchange is a baby, only a couple of years into handling the transfer of funds via the internet. Though it appeals to individuals, some small businesses have begun using it as well. It does promise low fees and from my limited experience, it was very user-friendly. There also aren't any monthly statement fees or contracts - you aren't locked into several years and forced to pay an early termination fee if you stop processing or change providers.
That said, there are many reasons why businesses might choose a more secure merchant bank. Though RME offers some perks as I mentioned above, it is entirely possible to find a credit card processor that will forgo the early termination fee and bill no monthly fees as well. These things can be negotiated when you sign up for an account, especially with the best merchant companies. Those companies know that their rates are excellent and a better deal would be hard to find, so they don't feel compelled to lock you into anything by contract.
I would recommend checking out the Revolution if you want to start accepting payments quickly. Once you're set up, you can shop around for a better merchant account.
Many people have asked our firm: “What can I do with an offshore company?”
The question they should really be asking is: What can I do with my own company?
These jurisdictions set a rate for taxing corporate profits. Singapore and Hong Kong are amongst the lowest corporate tax rates in the world and have become popular destinations for entrepreneurs
undertaking offshore company formation. This gives business owners options, affording them to be able to seek low tax, or tax exempt, options amongst jurisdictions with excellent reputations as efficient business hubs.
Some businesses are fortunate in that they can walk right into a local bank and set up a merchant account without any fuss. These low risk industries like restaurants, retail shops, grocery stores, convenience stores, bars, and other card-swipe companies have it easy. Other businesses - those selling online or over the phone, especially - often have to look harder to find a qualified merchant service provider willing to work with them.
High risk businesses that want to process transactions for cigarette sales, travel services, adult entertainment, and other MOTO or internet operations are still eligible for low rates and secure accounts. You may even find some providers willing to waive early termination charges and charge no annual fees despite your high risk status.
Tobacco sellers, hotels, online pharmacies, and others will of course have to do their due diligence, shopping around for the best deal and comparing rates before signing up for an account with any one provider - just like other businesses. Great deals are out there - get yours today!
We've been quiet for awhile, but I'm eager to start posting here again. I think it makes sense to kick things off with an informational post about the importance of credit cards in business.
Today, most people rely quite heavily on their charge cards to pay for large and small purchases. Of course, they're a necessity when it comes to online shopping (and who doesn't want the convenience associated with browsing online and having their wares delivered straight to the door in a few days' time?) - but credit cards are also used with increasing frequency in brick and mortar retail stores, restaurants, and in business transactions.
Not only do Americans today have mounting debt, but they also rely on their debit cards rather than carrying cash, which seems to get spent much, much too quickly.
If you're running a company, it's absolutely imperative that you consider accepting credit cards as a means of payment. Your customers will demand it - or they will end up going elsewhere, to purchase the same products or services from a business willing to work with their cards. Don't be left out in the cold!
Though Google Checkout is not a typical merchant service in that it doesn't allow businesses to handle card swipe transactions and functions similarly to Paypal and other online-only payment processors, it bears mentioning here.
Their transaction fees are fairly comparable to other credit card processing companies: the current going rates are as low as 1.9%+$0.30 per transaction if you do a very high volume of sales. However, if you are just getting started, working with a service like Google Checkout can help you to avoid paying setup fees. There also do not appear to be any "early cancellation" fees or contracts that can lock you in for two or more years as there are with other merchant service providers. You can also save some money on fees and receive additional benefits if you are advertising through Adwords while using Google as a payment processor.
Another benefit of working with Google is simply reputation -- the company is well known and well-respected, so potential customers will feel confident when they see a related badge on your website. Google Checkout also works for many, many stores, and some consumers will prefer to shop this way rather than having to input credit card information fresh for every purchase they make.
While this service certainly isn't going to put Paypal and other, more traditional merchant service providers out of business, it can be a good starting point for a new web store owner.