An adult toys merchant account allows online and retail adult toy businesses to accept card payments. Typically, such accounts are offered by payment processors that specialize in serving high-risk industries and offer a variety of features to meet different business needs. Most importantly, such accounts usually include round-the-clock customer support.
In order to get an adult toys merchant account, sex toy retailers need to comply with all industry regulations. In addition, they need to demonstrate financial responsibility and have a strong security system in place. Also, they need to keep chargebacks below 2% of total sales. Moreover, they need to report to their payment processor any significant changes in traffic volume and make sure their website is secure.
Finding a reputable adult toy merchant account provider can be difficult as banks are hesitant to deliver merchant services to high-risk businesses. But the search can be made easier if you know what to look for.
You should consider a company that offers competitive pricing and reliable customer service. Moreover, you should also choose a provider with a low chargeback rate and a reliable website. This will help you avoid any charges and keep your profits safe.
Adult toys stores play an important role in promoting sexual wellness and destigmatizing conversations about intimacy. They help women, men, and even couples to build trust and find solutions that work for them. Some stores provide free resources on sexual health, safety practices, and body positivity.