Excelling Dating Market

Over the last several years, online dating services have become one of the quickest growing industries. With 24% of young adults and many older groups claiming to use apps to find their perfect partner.

Obstacles Facing the Online Dating Industry

Although the industry has seen a huge growth rate in recent years, financial institutions have labelled adult online dating businesses as high-risk for reasons including:

  • Excessive Chargeback Ratios
  • Adult-themed Content

  • Buyer’s Remorse

  • High Fraud Ratios

In addition, it is crucial to keep the merchant account performance below the current card schemes’ thresholds. Processing Partners provides sophisticated gateway monitoring tools, analyzing processing volumes, approval ratios, fraud counts and chargeback ratios in real time, in an effort to safeguard the merchant client and corresponding bank acquirer.

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