Top Adult Firms Offered Domestic Bank Card Relationship

LOS ANGELES — A U.S. bank is stepping into the credit card processing breach and offering merchant accounts to leading adult companies.

“We have found a domestic bank that facilitates obtaining merchant accounts for the adult industry,” said Gregg Garfield, a spokesman for Card Service International, which is owned by First Data.

Garfield, who is based in Los Angeles, told XBiz that “when American Express, many banks, and others canceled merchant accounts for adult companies, it opened an opportunity for card service agents to find a home for adult businesses. We have an umbrella that enables us to do bank card processing of up to $30 million per month.”

However, the CSI spokesman added, that "with the limitation, we are only looking for the cream of the crop of adult firms. No fly-by-night companies.”

Garfield told XBiz what the strict conditions of eligibility for the domestic merchant accounts are.

“No one will be accepted who is billing less than $50,000 per month. The firms must have less than a 1 percent chargeback rate,” Garfield said. “No new businesses will be accepted. They must have a minimum of 12 months worth of processing statements. They must have strong financial statements.”

Garfield would not disclose to XBiz the name of the bank involved, but he asserted that it was “a domestic bank.”

Garfield said that the bank in question is not a household name.

“It’s not a Bank of America,” said Garfield, who noted that the identity of the bank would be revealed to serious clients interested in establishing merchant accounts with the financial institution.

Garfield said that since the credit-card crunch hit the adult industry, “many businesses have gone through third-party aggregators. However, the companies have no control over their customer base. It’s the aggregator’s client, not the website’s. All the credit card info is transacted and owned by the aggregator.”

He added, “A secondary option was to go to an overseas bank. But there’s a cost and control factor.”

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Chloe Amour: Recharged, Refocused, and Ready for Real Love

These days, getting ahold of Chloe Amour on the weekend can be tough. She might ditch her phone, as was the case on a recent weekend while celebrating her birthday with family at Disneyland, riding the rides and taking in some sun.

Isabella De Laa, Cherry Candle Star in Latest From MixedX

Isabella De Laa and Cherry Candle star in the latest release from MixedX, titled “Between Us.”

Tony Sting, Adira Allure & Dominic Pacifico Headline Latest From BiPhoria

Tony Sting, Adira Allure, and Dominic Pacifico star in the latest release from BiPhoria.

Proxy Paige, Wolf King Release 'I Kissed a Trans and I Liked It'

Evil Angel has released its latest title, “I Kissed a Trans and I Liked It,” co-directed by Proxy Paige and Wolf King.

Elly Clutch Stars in Latest From Brazzers

2024 XMAs Female Clip Creator of the Year Elly Clutch stars with Ricky Johnson in the latest release from Brazzers, titled "Elly’s Evil Twin."

Liz Jordan Crowned Newest Vixen Angel

Vixen Media Group (VMG) has crowned Liz Jordan as its newest Vixen Angel.

Brittney Kade Headlines Latest From TransSensual

Brittney Kade stars in "Sweat Slut Licks Pretty Pits for Bear Fuck," from TransSensual.

Sweet Sinner Releases 7th Volume of 'The Hot Wives'

Kenzie Taylor, Little Puck, Blake Blossom, and Sophia Locke star in the seventh volume of "The Hot Wives," from Mile High Media studio imprint Sweet Sinner.

Leilani Li, Angellica Good Star in Latest From TransAngels

Leilani Li and Angellica Good star in the latest release from TransAngels, titled “Double VR Mouth Swap,” alongside Marcus McNeill.

Ember Snow Performs 1st DP in Latest From Pure Taboo

Ember Snow has performed her first DP alongside multi-XMAs winner Seth Gamble and Vince Karter in a new psychological thriller release from Pure Taboo, titled “Locked in a Nightmare.”

Show More