Credit card dating site
Conal explains the importance of the descriptor you include on customers’ bank statements.
When this occurs, the dating site receives a black mark from their card processor, even though the site itself has no control over the situation, since the purchase made on the card was totally legitimate.
If, however, you maintain a friendly relationship with the merchant banks that issue credit cards, Cunningham states that it’s possible that those banks will simply issue a refund without any fanfare and without incurring any charges, fees or fines.
Communication With Customers Good communication with your customers is another critical factor in keeping your relationship with your credit card processing company on a healthy footing.
A refund is guaranteed to the customer and the entire matter is handled without incurring high fees or fines.
This also keeps the incidence of fraud below the 1% threshold, thereby keeping the account in a healthy condition.
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 $2 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.