If you are a high risk business owner in the sexual wellness vertical, or looking for ways to grow sales within your niche in adult industry or perhaps a software vendor supporting adult marketplaces, then read this now.
Trendhunter says, when any form of media is presented in innovative and immersive formats, consumers are more likely to enjoy the experience they have with it. Interactive digital content is more popular than ever because it makes consumers feel like they’re part of the story being told, rather than just a passive observer of it.
Makes sense, doesn't it?
Artificial Intelligence (AI) is revolutionizing the way adult content is created and consumed. It can directly increase revenue for businesses in this high-risk industry. However, this transformation comes with its own unique challenges and risks that must be addressed on a priority.
From sexual wellness pop-up stores within the Metaverse to AI-led content creation and virtual experiences, there’s something new happening at every end.
As AI technology continues to advance, it is expected that transaction experiences for consumers will improve.
In the past, shoppers who had their cards declined would often stop spending on that card or at that particular merchant outlet, which negatively impacted both the merchant’s revenue and reputation, as well as that of the card issuer. Additionally, consumers making high-value purchases in the online world have often experienced frustration at checkout due to false fraud detection alerts. According to Mastercard, by reducing these incidents, AI can increase transaction volume for merchants and improve consumer satisfaction and trust in digital transactions. Improved sources of data available for analysis will help in improving AI-led transaction experiences!
Without the right payment solutions, adult businesses open themselves to financial losses, legal challenges, and reputational damage. To fully unlock the potential of AI in high risk industries like adult and sexual wellness or devices, it’s imperative to seek a payment processing solution that understands both, the regulatory environment and commercial interests.
It’s time to leverage the power of AI, and create more engaging, personalized experiences for your users, while also improving business efficiency and reducing costs. TickleCharge understands the challenges of this industry and is working actively with several adult businesses to ensure they remain future ready. Join Us!