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Approximately 53 percent of women have concerns about meeting a stranger, even if the individual has been fully vetted and screened by the online dating service.
Some find the persona of a person can vary sharply from an online site to an in-person meeting.
Online dating and mobile dating apps have gained popularity and acceptance in the digital age.
Digi Pay Solutions has created an “Online Dating Payment Processing Primer” with important information about setting up a merchant account, controlling chargebacks, managing risk and keeping merchant accounts in good standing.
Online dating sites: Online dating sites offer different levels of service to address the needs of casual browsers and committed searchers.
Some offer free and premium levels of service, while others provide different levels of subscriptions.
Online dating consultants and service providers are categorized by SIC Code, NAICS Code and Visa Merchant Category Code (MCC) to comply with payment card industry requirements.
Subscription rates can range between and 0 per month, depending on level of service.
Some, like Singles Net, bill male subscribers a monthly fee and offer free subscriptions to women.
Payment processing sales representatives who are not familiar with online dating lingo and practices may be less effective at managing relationships, due to their learning curves.
When online dating companies work with knowledgeable processing partners, they can save time and money, improve efficiencies and attract and retain more customers and followers.
Proper classification is vitally important to prevent funds from being held in reserve for misrepresentation.