I really want to set up my own modeling website, but with PayPal out of the question as a payment method, how can I accept payments? What other trusted third party payment sites are out there for those of us in this industry?
I think you can set up direct merchant accounts with Visa, Mastercard, Discover, etc. If you would rather use a third party payment processor for whatever reason, I think CCBill and PayCom will both process payments for adult-content websites.
I would think that direct merchant accounts would be less expensive, but third party payment processors might be less of a headache as you would only have to maintain contact with one company rather than 3 or more. I wonder how much of a fee the third party people charge?
I could be mistaken about this, but I think the fee for cards like Visa and Mastercard is about 2%. American Express is a little higher. It’ll cut into your income a bit, but at least you’d have control over your own site.
For me, Paypal is really the best. It is the safest, and quickest. And since I have a business account, I have also received a debit card from Paypal, so that I have instant access to my money. Some people do not have good credit, therefore, they can’t get credit cards. It is much easier for them to have a Paypal account, therefore, you are open to getting more clients that way.
Paypal will drop your account if they find out you are an “adult-oriented” business. They refuse to work in the porn industry so if you are only accepting Paypal you are taking a very big risk if they freeze your account.