Business bank accounts for adult entertainment companies

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Libby James
Merchant Services Expert

Libby James is co-founder, director and an expert in all things merchant services. Libby is the go-to specialist for business with more complex requirements or businesses that are struggling to find a provider that will accept them. Libby is regularly cited in trade, national and international media.

Finding business bank account for an adult company

When it comes to finding business bank accounts and card processing for adult businesses things can become a little tricky, the reason for this is adult entertainment is deemed high risk by the majority of banks and providers. Adult industries include;

  • Escorts
  • Strip clubs
  • Chatline companies
  • Websites selling adult toys
  • Video streaming sites

Although most high street providers will not supply banking services to adult entertainment businesses, others will accept applications providing all sales are legal, after all it’s a multibillion-pound industry.

Opening a business bank account for adult company

High risk applications can take a little longer than others, so it’s important to be prepared and provide as much information as possible when applying for business banking. As well as the normal requirements when opening an account (ID, proof of address, company registration) expect to be asked to provide; details of products, terms and conditions and where applicable proof of age clarification for customers.

Prior to applying for an adult business bank account, it’s worthwhile speaking to banks and assessing if they are onboarding accounts from the industry. Smaller banks and providers often have the ability to pre-approve applications, by talking through your application with underwriters before the forms have been completed.

Declined for business banking elsewhere

If you’ve had your application rejected by a high street bank you may wish to look for alternatives with smaller providers, some of which you may never have heard of before. Smaller banks often operate a manual underwriting process, meaning they can accept adult business banking applications declined elsewhere.


How Merchant Advice Service can help

Merchant Advice Service has partnered with banks who accept applications from adult entertainment businesses and sole traders. Speak to our experts today to start your application.

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Libby James

Libby James Co-founded Merchant Advice Service alongside David Bird in 2016. Her finance background, coupled with retail and customer service experience, gave Libby the drive to bring transparency and non-biased advice to the world of merchant services. Having come from the heavily regulated mortgage and insurance industry, Libby found it puzzling that other financial sectors lacked regulation and transparency leaving customers confused and unable to make informed decisions when it came to accepting card payments. This was soon to become Libby’s obsession!

With the help of some of the industry’s best, Libby began to research acquiring banks, complex terminology/regulation, and the problems customers experience within merchant services and payment gateway markets. She spent years on sourcing solutions for complex clients, which previously others were unable to assist with. Libby established relationships with brokers and banks which would soon form the cornerstone of Merchant Advice Service. As a result Libby has been featured in high-profile publications across the web.

Libby is proud to be the entrepreneur’s champion, supporting start-up businesses regularly. Her industry insights can often be found on LinkedIn where she provides free of charge advice and money saving pointers. It’s safe to say she has her finger on the pulse of everything card payments related.

Libby speaks of her experience in founding and running Merchant Advice Service…

‘Merchant Advice Service is one of my greatest achievements to date. We help business owners to overcome card processing issues which can become detrimental to their business. We assist SME’s in finding suitable card payments solutions, helping them create their vision. Each and every day is different, exciting and fore filling. As technology advances I can’t wait to see the way in which the merchant services market advances, and I’m pleased that our business will play a part in educating company owners along the way.’

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