Dating website with no credit cards
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More specifically, the short session was dedicated to credit card processing for dating sites, which has become a booming industry now estimated to have annual revenues of about billion in the U. According to Pew Research, online dating among 18- to 24-year olds has nearly tripled in the past three years and doubled among 55- to 64-year olds. Credit card payments for dating sites, however, is considered risky business for many card issuers, which was a main topic during this interview.
Why Dating Sites Are Different The reason dating sites are considered to be one of the most dangerous environments for credit card processing is because of the unusually high probability of chargebacks.
Learn more about Inovio Pay and credit card processing for dating sites by watching the entire interview video.
It’s important information for those in the dating site game.
This can affect the 1% fraud threshold when fines start being levied.
This also keeps the incidence of fraud below the 1% threshold, thereby keeping the account in a healthy condition.
Conal explains the importance of the descriptor you include on customers’ bank statements.