Merchants are encouraged to click through each provider’s page before choosing one in order to find the right fit for their business type.Based in Woodland Hills, California, Payment Cloud is a merchant account provider that specializes in serving high risk business types.At Whats Your Price.com, men bid on women, agreeing to pay them cash to go on a simple date.It isn’t an explicit quid-pro-quo exchange for sex because, first, there is a relationship involved, Wade said.They allow their online products to be bought with bitcoins.With the extreme facilitation of transfer and earning of bitcoins, it would be a mistake not to accept these new-found online coins as cash.Within the credit card processing industry, however, adult merchant accounts are generally classified as “high risk” merchant accounts, and many merchant account providers will therefore refuse to offer credit card processing for adult entertainment websites. Some processors tend to worry that adult entertainment merchants may be fronts for illegal activity.In addition, online adult vendors may have a high rate of chargebacks or exclusively engage in card-not-present transactions.
But if they give me a shot to have coffee for an hour or two, to really get to know me, that’s when I shine.” In this regard, his business model is a bit like a time-share pitch where one agrees to sit through a high-pressure sales seminar in exchange for a free vacation, cash or other fabulous prizes. When she agrees to a first date, she risks wasting her time on losers.
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The adult entertainment industry’s expansion into the digital marketplace has made merchant accounts essential for online adult entertainment vendors.
For this, the Las Vegas-based Internet entrepreneur has been called an e-pimp in media reports. “My parents expected me to make ‘A’s in school and study hard,” he said. “When I was growing up, I was constantly in pain,” he continued. He also learned what many young men learn in school: If you are a nerd, you’re not going to impress a hot girl without money.
“A lot of women would never give me the time of day,” Wade said.