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"Mobile services are forecast to be the fastest growing segment over the next five years as operators, including Interactive Corp.and e Harmony, cater to consumers moving toward easy-to-use mobile applications," IBISWorld online dating expert Jeremy Edwards said in a report released last week.
Credit card processors typically classify online dating websites as “high risk,” in part because of the adult nature of their service and in part because of the high chargeback rates that these businesses typically experience.
This means that even if you run a completely legitimate online dating service, you might have trouble getting approved for a Is dating a single mom a bad idea through conventional providers.
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"Users are most likely to be attracted to simple applications and interfaces, so businesses that are able to entice consumers with new and exciting mobile functionality will be the most successful," he said.
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They are also known to provide low-commitment contracts with transparent pricing and quality customer support.
To find the right provider for your online dating business, be sure to research each processor’s products and features and compare pricing and terms.
Match also owns the dating app Tinder—one of the fastest-growing apps in the market—and the company hasn't even begun to monetize it yet. Another factor boosting the online dating trend is cost: It's simply a much cheaper way of getting a date.Tags: Adult Dating, affair dating, sex dating