Dating Merchant Account
Banks and other traditional merchant account providers consider dating websites to be too high-risk for their liking, mostly due to their potential for generating higher-than-normal rates of chargebacks and customer complaints. But at UniBul we believe that you shouldn’t suffer simply because other businesses in your industry may not know what they are doing.
At UniBul, we believe that every merchant’s application should be considered on its own merits, irrespective of the type of industry it may operate in. Moreover, we specialize exclusively in servicing high-risk businesses and we leave the low-risk variety to our mainstream friends. Our focus has allowed us to create a solid, highly dependable dating merchant account solution for both U.S.-based and international businesses, which just works. Contact us now and let us show you what we can do for you.
As soon as we’ve reviewed your information, we will get right back to you details on the type of payment processing solution we can offer you and on what terms. If, as is typically the case, there are multiple options available for you, we will break them all down and help you make a better informed decision. Once you give us the go-ahead, your application is handled swiftly and then the set-up is fast and straightforward. Usually, we wrap the whole thing up within two weeks.
Who Is Our Solution For?
We understand that your business model revolves around a subscription-based service and our dating merchant account solution is designed to accommodate the needs of such an operation. Furthermore, we can work with niche dating sites, such as:
- Compatibility dating websites.
- Dating services for specific geographic locations.
- Dating for seniors.
- Gay and lesbian dating.
- Religious dating.
- Adult dating.
Your account’s set-up will be determined based on a variety of factors: processing volume and history, chargeback and decline ratios, geographical location, TMF placement, etc. For instance, a U.S.-based website with a long track record would most likely be best suited for a domestic dating merchant account. If, on the other hand, your chargeback ratio is on the high side or you have been placed on the TMF, we will have to place you offshore. There are too many possibilities, which is the reason decisions are made on a case-by-case basis.
To help us offer you the best set-up, we ask that you tell us all about your current circumstances. Also, tell us what you are hoping to get from us and we will do our best to make it happen. If, for instance, you need to open an additional dating merchant account, to be used in parallel with the one you currently have, we are fine with that, as long as we get enough processing volume to make our efforts worthwhile.
Our Application Process
In order to initiate the application review, we ask for the following paperwork:
- Application form. You can download the form here. Just fill it out as best you can, sign and initial as indicated and send back to us, along with all other documents listed below.
- Six latest processing statements with your current or latest payment processor.
- Certificate of Incorporation or an equivalent document.
- Copy of the business owner’s government-issued picture ID, such as a driver’s license or passport.
- Copy of your business license, if required by law.
- Voided check or a signed bank letter.
- Three most recent bank statements.
- Copy of a recent utility bill, showing your address.
We may need some additional paperwork or information once we initiate the underwriting review. This is standard procedure, so be ready to follow up promptly on our requests and help us get through the process as smoothly as possible.
Cards, Currencies and Payout
We have put together a global network of acquiring banks to enable us to support acceptance of all major payment card brands, as well as many less widely used ones and alternative payment options. Here are some of the cards we support:
You can choose to settle your transactions in any of the major global currencies, as well as in many others (please make sure you make your selection in the application). Here are some of the most popular options:
Your payout schedule will be determined during the underwriting process. Our U.S.-based dating merchant accounts often get daily funding, whereas international merchants typically get weekly payouts, with one week in arrears.
What to Do if You Were Placed on the TMF?
If your merchant account was terminated by your latest processor, you need to ask them whether they’ve placed you on the TMF (or MATCH list, as some of you would know it). We will have to know this before we start working on your application, as both the underwriting and set-up processes differ from the more typical varieties. Also, be advised that keeping silent about the TMF placement does not make it go away and could well be detrimental. We will inevitably find out at some point during the underwriting review and we’ll have to start from scratch.
The application process for TMF-ed merchants usually takes a bit longer than what would be the case with a garden variety set-up, mostly because Visa and MasterCard have instituted special rules to regulate such businesses. Some additional documentation may be needed, such as a written explanation for the reason for the TMF placement, but on the whole, as far as you are concerned, you will not experience anything out of the ordinary.
Once your dating merchant account is approved and set up, you can start accepting cards again, much as you did before the TMF placement. You would want to make sure that you are using your service in full compliance with the terms and conditions of your contract. The acquirer will closely monitor your transaction activity during the first few months to ensure that Visa and MasterCard are kept happy, so you will want to be on top of your game.
Why Choose UniBul?
Many processors are neither willing nor able to work with dating websites, even when they are well run and have a solid track record of processing card payments in a responsible fashion. This is just the way it is and there is not much you can do about it.
But there are also processors who have chosen to focus their attention on, and build expertise in, working exclusively with merchants considered “high-risk” by Visa and MasterCard. And the best thing is that they are always looking for new business. These processors understand what you need and how to make it possible. Well, at UniBul we can’t wait to set up your dating merchant account!
Let’s Get Started!
To get your application started, you can download our dating merchant account application form from the link above, fill it out and email back to us, along with the other things listed there. Alternatively, and this may well be the better way to go about it for most of you, you can fill out the short form below, give us some basic details about your business, and we will get right back to you with some preliminary details on what we can do for you.
What Our Customers Are Saying
UniBul enables American and international businesses to accept payments for the things they sell on their websites.
