Matchmaking and online dating represent a highly lucrative industry. This article is about Facebook’s new dating service and its success. Also, it’s about the safest and cheapest adult dating merchant account you need.
Adult Dating Businesses: Adult Dating Merchant Account
Online dating was a taboo years ago. However, during the last 10 years, the number of couples dating online more than doubled. Let’s look at some stats:
- The revenue in the online dating space is projected to make up US$973m this year.
- The revenue is anticipated to have an annual growth rate of 3.2% (CAGR 2020-2024), thus accounting for a market volume of US$1.104m by 2024.
- User penetration is 9.7% this year and is forecast to reach 10.5% by 2024.
A 2019 study by Pew Research Center on dating sites and apps revealed that 3 in 10 U.S. adults had ever used a dating site/app. However, this figure varies by age and sexual orientation.
What about FB’s online dating service? Well, in the beginning, this new online dating service didn’t have much progress. After 2.5 years, the service is expected to have a difficult time competing with major players in the field and rolling out in certain countries.
Are you in the online dating industry? In case you need a secure and cheap adult dating merchant account, just turn to a respectable payment expert in the high risk space. With a reliable credit card processor, you can get easy access to the necessary adult payment processing services without challenges.
Facebook’s Dating Service
Did you know FB had to call off the launch date of its dating service in Europe? Even though FB promoted the launch of its new dating service in the U.S. in September quite well, it didn’t have the effect the creators of the service anticipated.
Fortune predicts that even though Mark Zuckerberg is optimistic about the service’s success in recent months, competitors state they haven’t suffered a lot from its emergence.
Zuckerberg says he doesn’t think they have specific stats to share on this, but the project is progressing well. He further adds the new service is already among the top dating services, and they expect further growth.
As you see, Facebook claims its online dating service is growing well. However, experts don’t share this viewpoint.
Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest rated high risk merchant account processor in the country that provides the safest and cheapest adult dating merchant account in the field. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.