Throughout our lives, we are going to have to make vital decisions. These decisions will determine how happy and fulfilled our lives will be. Perhaps the most essential of these decisions is with who we settle down and start a family. Since marriage is meant to last for a lifetime, compatibility becomes key.
Online matrimonial services were introduced as an avenue for single adults to meet potential partners of their choice. Merchants make these services available to clients who then have to pay some fees to get access to premium features. But for you to run such a business smoothly, you will need to own a Matrimonial Services Merchant Account.
The function of a merchant account is that it enables you to receive all kinds of online and card payments without fuss. It will also secure your financial transactions along with their details. If you are looking to set up an online matrimonial service, one of the first steps you will have to take is to apply for a Matrimonial Services Merchant Account. But this can be quite difficult as the industry is considered to be high-risk.
Why Is a Matrimonial Services Merchant Account Considered to Be High-Risk?
There are several reasons why traditional credit card processors view Matrimonial Services Merchant Account as a high-risk industry. They are listed below:
- The rates of disputes and chargebacks are high when compared to other industries.
- If you are looking to start up a matrimonial service business, you are unable to financially support a merchant account.
- There are subscription-based services.
- The volume of business is high.
- The service is nonstandard as it is customized to the couples’ wants and needs.
The best way to solve this problem is to seek a reputable payment service provider that can provide customized solutions for your business.
If you are looking for a company that can provide suitable solutions for all your needs, you should look no further than 5 Star Processing. We offer the most reliable merchant accounts for matrimonial-related services including bridal services, dating, and wedding chapels. The process of starting up an account with us is simple, convenient, and straightforward.
How to Get a 5 Star Processing Matrimonial Services Merchant Account
Our team puts in lots of effort to ensure that you find the whole process very simple. The first stage of the process is to visit our website, sign up, and log in. You will then have to fill an inquiry form that has been made available on the homepage. We will proceed to start up your merchant account in less than a week. For added convenience, a relationship manager will work with you during and after the process. You will be required to submit all vital documents for our senior team to review. Once it is approved, your account will be activated in less than 48 hours.
Benefits of Choosing Us
- We have strong ties with all credit card processing institutions both locally and internationally.
- Our SSL certificate guarantees that your account will be protected from fraud.
- We offer multi-currency processing.
- We offer 24/7 online customer service.
- We provide merchant account services at affordable rates.