westwinds222
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- Dec 15, 2018
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anyone know what payment gateway can be running on sweepstakes business?
payment gateway for sweepstakes business?
- Thread starter westwinds222
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westwinds222
BANNED
- Dec 15, 2018
- 105
- 12
we want bank transfer
augustwu
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- Oct 18, 2018
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Will customers accept Bank transfer directly?
westwinds222
BANNED
- Dec 15, 2018
- 105
- 12
i dont think so, they pay via cc through bank
Social Sparrow
Elite Member
- Aug 7, 2018
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what about PayPal? they can also pay with CC if you sent invoice to their email id
John4life2017
Banned - Multiple Rules Violations
- Jan 15, 2017
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Crypto
riseNgrind
Junior Member
- Jan 6, 2019
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Anyone running a sweepstakes business? I’m interested
E-com Beast
Newbie
- Jan 11, 2020
- 10
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Cryptocurrency is the best payment gateway for sweepstakes business. 
yes, I agree, but not all clients know how to use and pay with bitcoins. in fact, in this case, 2 options are suitable.
1. accepting cards on the site through a merchant account. there are many companies that provide you with an account, connection via api and much more.
2. Acceptance of payment via Paypal. in this case, it may be that your account will sooner or later block in this and the danger lies.
so you bro already think how it will be more convenient for you, but i enjoy merchant accoun.
1. accepting cards on the site through a merchant account. there are many companies that provide you with an account, connection via api and much more.
2. Acceptance of payment via Paypal. in this case, it may be that your account will sooner or later block in this and the danger lies.
so you bro already think how it will be more convenient for you, but i enjoy merchant accoun.
None of these solutions will work for a sweepstake business. This business model will ALWAYS geerate chargebacks. Therefore, Paypal is not an option, and shared MID/mutualized merchant accounts are actually the opposite of what you should have (because they will be shut down very quickly). Crypto is not an option either. What is the value for me to pay for such websites with my crypto currency (considered by many as an investment)
You need to:
find specific acquirers willing to onboard your business
have a perfect corporate setup (where do you incorporate the business, etc. etc.)
have a very good setup to monitor your chargebacks per MID/connection (you can take specific platforms helping you with the routing, casacding, reports, etc.)
open as many MIDs as possible and you need to do more that I cant write on the forum
This business is very complicated for new comers and people with no experience in payment/fraud (also traffic acquisition)
what website are you using for merchant account?
ChattersNetwork
Junior Member
- Aug 10, 2020
- 111
- 39
open as many MIDs as possible and you need to do more that I cant write on the forum
This is the most important part of c4labs post.
Sweepstakes is always generate very high amount of chargebacks.
Working thru one MID not an option, because your MID will die after few days.
i am using paymenthub.online. its not advertising. dont block me))) its just answering for question
None of these solutions will work for a sweepstake business. This business model will ALWAYS geerate chargebacks. Therefore, Paypal is not an option, and shared MID/mutualized merchant accounts are actually the opposite of what you should have (because they will be shut down very quickly). Crypto is not an option either. What is the value for me to pay for such websites with my crypto currency (considered by many as an investment)
You need to:
find specific acquirers willing to onboard your business
have a perfect corporate setup (where do you incorporate the business, etc. etc.)
have a very good setup to monitor your chargebacks per MID/connection (you can take specific platforms helping you with the routing, casacding, reports, etc.)
open as many MIDs as possible and you need to do more that I cant write on the forum
This business is very complicated for new comers and people with no experience in payment/fraud (also traffic acquisition)
If refunds are received, they can be carried out through the api or manually in your personal account. This is not a problem. It all depends on the volume of refunds. If there are more than 10-20% of them, of course, the account can be blocked, but what kind of business is it where there are so many refunds.
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