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OK, maybe it’s not always that good, after all there’s still a lot that can go wrong, particularly with payments with your adult business.
Things like: for entrepreneurs in the adult novelty, toy, dating, escort, porn website, and adult membership space to help you navigate these pitfalls.
An internet merchant account is a merchant account specifically designed to hold the proceeds from the online payment processing of credit cards.
When a customer pays for a product or service with a credit card the funds are first deposited into the merchant account and from there are eventually transferred to the business bank account.
Transfers to the business account are normally done on a daily or weekly basis.
Most of the largest banks (think Chase, Wells Fargo, etc.) don’t allow their credit card processors to write adult businesses.
Therefore, if you want to accept credit cards you’ll need to go to a high risk processor whose sponsor bank supports adult businesses (like us).