Adult Toys Payment Processing
May 17, 2023
As exciting as being in the adult toy industry is, merchants quickly discover that banks treat adult toys payment processing differently. Sex toys are objects or devices that facilitate sexual pleasure. And these vendors all need sex toys merchant accounts.
Adult toys and adult entertainment are part of a classification called “high risk.” It may be surprising that there are several other industries are included in the high risk space. However, more business owners know that the adult market comes with additional regulations. Therefore, acquiring banks and payment processors have stricter policies when accepting adult merchant accounts.
Adult Toys Payment Processor
It is no surprise to state just how big the adult entertainment market is. In fact, as of 2008 the adult toy industry was valued at $15 billion USD worldwide. In addition, forecasts show a growth rate of 30% in the industry.
To set up your adult toy business and capitalize on the continual boom of the adult toy industry, you’ll need a reliable high risk payment processor. Luckily, the unique, long standing banking relationships that PayKings has allows our experts to get adult toy payments processed.
Adult Books and Magazines Merchant Account
Books and novels of the sexual nature are still quite popular. These businesses need specialized payment processing as well. From adult graphic novels to adult magazines and adult books, securing adult industry credit card processing is crucial.
To sell any adult books and novelties, a high risk merchant needs to find payment solutions. When it comes to adult books billing solutions, make sure to search out trusted payment processing specific for adult book merchants.
Credit Card Processing for Adult Toys
Since acquiring banks label adult toy sales as high risk, payment processors must adhere to stricter guidelines when setting up payment solutions.
With that being said, it is extremely important, that adult toy merchants in the high risk space know about the products in the industry. A sex toy merchant is also responsible for knowing about their options for adult toy credit card processing. Additionally, the adult toy market is vast and constantly changing, so adult toy merchants need to stay up to date on sex toy trends.
Types of Toys for Adults
Adult toys range vastly with purpose and preference. Furthermore, each day new adult products hit the market.
This consistently changing market for adult toy sales offers huge potential for merchants in this space. If you are looking to take advantage of this adult toy market potential, it’s good to have an idea of the landscape of sex toys.
Below is a list of some of the more popular kinds of toys for adults:
- Glass Sex Toys
- Sex Swings
- Prostate Massagers
- Erotic Furniture
- Anal Beads
- Nipple Clamps
- Erotic Electrostimulation
- Anal Toys
- Artificial Vaginas
Adult Toys Industry Payment Solutions
If your adult payment processor has turned your adult toys merchant account off, PayKings has solutions to turn you back on. When it comes to finding a long-term adult toy payment gateway, our experts offer comprehensive and financially sustainable sex toy merchant accounts.
Contact our helpful payment experts today to get started setting up your adult toy debit and credit processing.
May 17, 2023 | High Risk Merchant Account | Guest Post