June 5, 2023 |: Traders | Dustin
Subscription boxes have been booming since 2019 and look set to continue to do so. With almost everything moving to digital platforms today, subscription boxes bring back the nostalgia of waiting by your mailbox for your postman to finally deliver your long-awaited package of goodies. Subscription boxes seem like a perfect marriage between the digital and analog worlds.
For entrepreneurs, the growth of the industry heralds many opportunities to capitalize on the subscription box model. Although the barrier to entry is relatively lower than other industries, there are still challenges that business owners should be aware of.
Are subscription boxes considered high risk?
Due to the higher credit card chargeback rate, the subscription box business model is known as a high-risk payment processing industry. Customers request recurring payments for many reasons, but the most popular reason is because of the continuity and subscription-based payment model.
This doesn’t mean there are payment processing experts who will work on your behalf to get the best rates for your high-risk subscription box merchant account. You guessed it, those experts are us here at PayKings.
With PayKings payment processing solutions, you can clearly develop your subscription box business plan. The possibilities are endless as there are tons of subscription boxes for basically every need. Some boxes are practical and designed for a wide range of demographics, and there are truly unique boxes designed for a niche audience. We did some research and picked our favorite subscription boxes here.
We’re already fans of the beloved Bark Box, a sub-box for dog owners, but what about pet lovers with adorable little hamsters? If you love your hamster, you should check out Hamster Mail! Similar to the Bark Box, the Hamster Mailbox will include at least 2 toys and 2 treats that are healthy and help keep your hamster’s teeth in place. They have 1 month, 3 month and 6 month subscription plans that allow you to cancel anytime. Love your hamster, love yourself.
Knowledge is power and knowledge can also be fun. This unique subscription box is designed to get 1-month-olds excited about discovering STEAM (Science, Technology, Engineering, Art, Math). The boxes are age-rated and come with STEAM-based DIY projects that let kids explore their creativity.
This monthly subscription service delivers 2-3 handmade products right to your door. With Umba Box, you’ll receive artisan jewelry, accessories, stationery, or bath products. These products are unique and perfect for gift giving.
Ozone Socks of the Month Club
Many people may think of socks, but Ozone puts that idea to rest. Their socks designs are vibrant and attractive. With their sock of the month club, you’ll have a fun pair delivered to you each month. You can choose from male and female styles with 6 month and 12 month plans.
Louisville Vegan Jerky of the Month Club!
Looking for cruelty-free snacks to satisfy your salty and savory cravings? Louisville Vegan Jerky Co has you covered with a steady supply of jackfruit-based jerky. With each box you get 2 packs of their signature flavored jerky and an extra pack of small batch specialty jerky. You can choose from 1 to 6 month plans, and with every box delivered, Louisville Vegan Jerky Co will donate one dollar to an animal shelter.
June 5, 2023 |: Traders | Dustin