How to Get Approved For an Adult Toys Merchant Account

As a sex toys and novelties business owner, one of your top priorities is ensuring that customer payments are processed smoothly and securely. Choosing a high-risk payment processor that understands the unique needs of adult merchants can help you achieve this goal. It’s important to prepare thoroughly for the application process and ensure that your business complies with industry standards to increase your chances of approval. In addition, implementing effective fraud prevention measures and maintaining low chargeback rates can also improve your chances of getting approved for a merchant account.

An adult toys merchant account enables a sex toy business to accept credit card payments via their website and mobile apps. This e-commerce solution is essential for any sex toy business that wants to grow its revenue and expand into a global market. However, banks typically consider this sector as high-risk, making it difficult for sex toys businesses to get approved for a standard merchant account.

To qualify for an adult toys merchant account, a business must provide detailed business information and financial statements. A high-risk payment processor will carefully scrutinize these documents to verify that the sex toys business is legitimate and complies with industry standards. In addition, underwriters will look at a merchant’s credit history and their business model to determine their risk profile.

Depending on the payment processor, merchants can expect to pay a variety of fees, including monthly account fees, transaction fees, and chargeback fees. Tiered fee structures are common for adult toy merchant accounts, which assess different types of transactions based on their perceived risk. Some payment processors also offer interchange plus fees, which include all of the costs involved in processing a transaction.