Payment Processing for Psychics, Horoscopes, Fortune Tellers

Performance Card Service (PCS) specializes in high risk merchant accounts and other payment processing solutions. For more than 20 years, we have helped brick-and-mortar and online psychics, fortune tellers and horoscope readers implement payment processing systems that enable them to steadily improve revenues.

Predictably, many financial institutions are reluctant to set up merchant accounts for psychics, fortune tellers and horoscope readers. Many factors work together to make these professions high risk, despite the presence of so many highly successful practitioners. The risk factors include:

• A perception on the part of financial institutions that the practice may be fraudulent
• A higher than average rate of chargebacks, due to customers being unsatisfied with the results
• Use of a recurring payment model, which creates more situations for excessive chargebacks to occur
• Reliance on card-not-present (CNP) transactions by online merchants (a booming business), which increases the opportunity for fraud

Despite the hurdles, fortune telling, especially online, is a thriving business — in large part because in these uncertain times of COVID, more and more people are turning to unconventional support systems.

PCS supports e-commerce, teleservices and card-present psychics and horoscopes merchants. Because we have established strong relationships with high risk-friendly merchant account issuers, we can match you with a provider that offers the right services and technology to fit your business and budgetary needs. PCS will assist you every step of the way with your merchant account:

• Preparing your application
• Reviewing and comparing offers
• Selecting the right hardware and software
• Setting up your system and payment gateway
• Troubleshooting
• Identifying payment processing enhancements

In addition to credit cards, eChecks are also a popular option for psychics and horoscopes merchants. With eChecks, the risk of fraud is mitigated, transactions settle more quickly and at a lower cost than with paper checks, and money is transferred directly from the customer’s bank account to the merchant’s bank account.