There’s a Subscription Box for Everything!
July 19, 2019 | Merchants | PayKings
We are in the midst of a subscription box boom. With pretty much everything moving to digital platforms these days, subscription boxes bring back the nostalgia of waiting by your mailbox for your mail carrier to finally deliver your long-awaited package of goodies. Subscription boxes seem to be a perfect marriage between the digital and analog world.
Beyond novelty goods, subscription boxes are fulfilling more and more everyday needs of consumers. In fact, in the US, there are more than 11 million subscription box subscribers, and since 2011, the subscription box industry has been growing annually by 200%.
For entrepreneurs, the growth of the industry signals lots of opportunities to capitalize off of the subscription box model. Though the barrier to entry is relatively lower than other industries, there are still challenges business owners must know about.
Due to the higher rate of credit card chargebacks, the subscription box business model is known as a high risk payment processing industry. Customers request chargebacks for many reasons, but the most prominent reason is due to continuity and subscription-based billing model.
This doesn’t mean there are payment processing experts who will work on your behalf to get you the best rates on your high risk subscription box merchant account. You guessed, those experts are us here at PayKings!
With payment processing solutions with PayKings, you’re all clear to 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 are designed for a wide range of demographics, and there are some really unique boxes designed for niche audiences. We did some research and picked out some of our favorite subscription boxes out here.
We are already fans of the virulently popular Bark Box, a subbox for dog owners, but what about pet lovers with adorable little hamsters? If you love your hamster, you need to check out Hamster Mail. Like Bark Box, the Hamster Mail box will include a minimum of 2 toys and 2 treats that are healthy and help keep your hamster’s teeth on point. They have 1 month, 3 month, and 6 month subscription plans that allow you to cancel at anytime. Love your hamster, love yourself!
Knowledge is power, and, knowledge can also be entertainment! This unique subscription box was designed to get children as young a 1 month excited by STEAM (Science, Technology, Engineering, Art, Mathematics) discovery. Boxes are parsed out by age and come with STEAM-based DIY projects which allow kids to explore their creativity.
This monthly subscription service delivers 2-3 handcrafted products right to your door. With Umba Box, you will receive artisan jewelry, accessories, stationery, or bath products. These good are one-of-a-kind and perfect for gift giving.
Ozone Sock of the Month Club
Many people may think socks are ho-hum, but Ozone puts that notion to rest. Their sock designs are vibrant and eye-catching. With their sock of the month club you will get a fun pair delivered to you every month. You can choose from male and female styles with plans from 6 months and 12 months.
Louisville Vegan Jerky of the Month Club
Looking for animal cruelty-free snacks that will satisfy your hankering for salty and savory? The Louisville Vegan Jerky Co has got you covered with a steady supply of mouth-watering jackfruit-based jerky. With each box you receive 2 packages of their signature flavor jerkies and an additional package of special small batch jerky. You can choose from 1 to 6 month plans and with each box delivered, The Louisville Vegan Jerky Co will donate a dollar to an animal shelter.
July 19, 2019 | Merchants | PayKings