Accepting Credit Cards on my Website

SocialEyez

SocialEyez

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So i am having trouble finding a cards processor for one of my projects.

Because my business is not based in EU or the USA, i am having trouble working with global proccesors like Wirecard and the likes.

Because my product is located abroad, and all the business occurs abroad, local processors don't want to work with me either.

Point is, my product and niche is 100% whitehat! not even grey area in it.

I heard people have figured this out using Payoneer + Gateway. is this viable?

How can i solve this without opening a company from scratch in one of locations they expect it to be?

Would like to hear any work around you have experience with or you have in mind, please share :)
 
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I myself haven't used it, but I know most people in my country use 2checkout as a payment processor. :)

(They don't like it though, but there's no alternative)
 
Why not try with PayPal? I know it is not a good option, but it is still an option.
 
rave40 said:
Why not try with PayPal? I know it is not a good option, but it is still an option.
Click to expand...

Sorry for not mentioning this in the OP - we do have PayPal enabled for it.

We just tend to believe (according to data not guessing) we can have much better conversion rate if we had traditional processing as an option.
 
where is based your company?

Payment providers with EU or NA licenses will not be able to onboard you.
You can still find some processors
 
SocialEyez said:
Sorry for not mentioning this in the OP - we do have PayPal enabled for it.

We just tend to believe (according to data not guessing) we can have much better conversion rate if we had traditional processing as an option.
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just create a usa llc and get a stripe account.
 
ICUdoLob said:
just create a usa llc and get a stripe account.
Click to expand...

But my business is selling currently only in the UK, i am not sure how much a US account will serve me.

Is it that easy doing the same in EU?
 
SocialEyez said:
So i am having trouble finding a cards processor for one of my projects.

Because my business is not based in EU or the USA, i am having trouble working with global proccesors like Wirecard and the likes.

Because my product is located abroad, and all the business occurs abroad, local processors don't want to work with me either.

Point is, my product and niche is 100% whitehat! not even grey area in it.

I heard people have figured this out using Payoneer + Gateway. is this viable?

How can i solve this without opening a company from scratch in one of locations they expect it to be?

Would like to hear any work around you have experience with or you have in mind, please share :)
Click to expand...
Having the same problem right now, I hope we find a solution
 
If you have IBC in Seychelles, Belize, BVI or the likes you will have a hard time having someone let you in. I know people had success in rare cases with 2checkout but otherwise find a high risk processor but they charge a very high %.
I recommend you open a new company in EU or US (like Delaware for tax reasons). Stripe lets those in with no issue.
 
DaPromo said:
If you have IBC in Seychelles, Belize, BVI or the likes you will have a hard time having someone let you in. I know people had success in rare cases with 2checkout but otherwise find a high risk processor but they charge a very high %.
I recommend you open a new company in EU or US (like Delaware for tax reasons). Stripe lets those in with no issue.
Click to expand...

Yea i get it but opening a EU entity, is bringing me back to step one, and to the option that was infornt of me since day one.

I just had all the wrong reasons not to do it until now (inner organisation stuff, about our companies and whether we should have new entities for this project)

But it get more and more likely that aside from high risk processors i will have no choice.

i am now researching into square, as a friend suggested. hopefully i can get it to work somehow :)
 
Square with a no EU or US company will not work.

Going to Seychelles, Belize, BVI for having a payment provider is risky. 1. It will cost you 2. These countries are avoided by payment providers. It is a red flag for them (even for Gambling business)

(I replied to your private msg btw)
 
SocialEyez said:
Yea i get it but opening a EU entity, is bringing me back to step one, and to the option that was infornt of me since day one.

I just had all the wrong reasons not to do it until now (inner organisation stuff, about our companies and whether we should have new entities for this project)

But it get more and more likely that aside from high risk processors i will have no choice.

i am now researching into square, as a friend suggested. hopefully i can get it to work somehow :)
Click to expand...

In the financial world, the most trusted is the most transparent pretty much that's why these secrecy places is not accepted much as it's really hard to do any kind of due diligence on them. As opposed to USA example you can do one quick search and find out the whole board and registering agents.
Maybe if you could open personally a Stripe account, and uses that. Not sure about much solutions. I have heard some people have had success with Square too so good idea there. PayPal should work too with a little bit of trickery.
 
c4labs said:
Square with a no EU or US company will not work.

Going to Seychelles, Belize, BVI for having a payment provider is risky. 1. It will cost you 2. These countries are avoided by payment providers. It is a red flag for them (even for Gambling business)

(I replied to your private msg btw)
Click to expand...
Hi there, I have the same problems, will you please PM me:))
I am having trouble finding a card processor for my site. I want to sell digital products and maybe subscriptions.

Because my business is not based in EU or the USA, I am having trouble working with global processors including Paypal, Stripe etc.

I heard people have figured this out using Payoneer + Gateway. is this viable?

How can i solve this without opening a company from scratch?
Thanks in advance and
 
Yeah, same happened to me. Everyone declining my applications.. and with Paypal only, conversion are far from acceptable. Finally had to close my Shopify Store and move on..
 
im having the same issues, i am half bulgarian with a bulgarian passport and ID, but opening a company there is a hassle. Do u think any payment provider will allow me to accept payment directly to my bank by selling products ? How do we do this...
 
RottenApple said:
Yeah, same happened to me. Everyone declining my applications.. and with Paypal only, conversion are far from acceptable. Finally had to close my Shopify Store and move on..
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why? it's your business high risk? what's your monthly volume and cb rate?
 
Dzartovskey said:
im having the same issues, i am half bulgarian with a bulgarian passport and ID, but opening a company there is a hassle. Do u think any payment provider will allow me to accept payment directly to my bank by selling products ? How do we do this...
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Seriously mate, you have no excuse, opening a company in BG is a hassle? come on :) go to any other country in EU (except the UK, yes I still include them in the EU in my mind ;-) and you will see the hassle.
BG is easy especially when you have the citizenship (for the bank acc).
You have good BG processors keen to accept you too.

Mkcalik7 said:
Hi there, I have the same problems, will you please PM me:))
I am having trouble finding a card processor for my site. I want to sell digital products and maybe subscriptions.
Click to expand...
Sorry I will not be able to help you because starting a subscription business with no company, no processing history and if you are outside EU. Its too complicated.
You can try to find a Russian/Chinese provider willing to onboard you but you will have bad conditions (high reserve on your payments, high fees, unstable gateway, random settlements, etc.)

RottenApple said:
Yeah, same happened to me. Everyone declining my applications.. and with Paypal only, conversion are far from acceptable. Finally had to close my Shopify Store and move on..
Click to expand...
Who is everyone? Did you contact mainstream processors such as Worldpay, Adyen, etc. because they will decline you most of the time indeed.
 
c4labs said:
Seriously mate, you have no excuse, opening a company in BG is a hassle? come on :) go to any other country in EU (except the UK, yes I still include them in the EU in my mind ;-) and you will see the hassle.
BG is easy especially when you have the citizenship (for the bank acc).
You have good BG processors keen to accept you too.


Sorry I will not be able to help you because starting a subscription business with no company, no processing history and if you are outside EU. Its too complicated.
You can try to find a Russian/Chinese provider willing to onboard you but you will have bad conditions (high reserve on your payments, high fees, unstable gateway, random settlements, etc.)


Who is everyone? Did you contact mainstream processors such as Worldpay, Adyen, etc. because they will decline you most of the time indeed.
Click to expand...
You got me the wrong way, i am not close to bulgaria, thus i cant go and do it, not that its hard..
I wanted to talk about affiliate marketing, but ok, guess i rubbed you the wrong way.
cheers,
 
c4labs said:
Who is everyone? Did you contact mainstream processors such as Worldpay, Adyen, etc. because they will decline you most of the time indeed.
Click to expand...

Not sure man, I was and still am a noob and Shopify normally shows different payment processors you can set up your store with. By default Shopify Payments didn't apply and the other third-party processors.. I contacted like 15 of them and all of them required tax id, EIN, or some merchant data.. etc etc

The only option left was to create a company US or EU as you all know, paying like $600 for it and then apply.. I quit :)

I love my country but damn you tier 1s gotta be grateful you were born there lol
 
Dzartovskey said:
You got me the wrong way, i am not close to bulgaria, thus i cant go and do it, not that its hard..
I wanted to talk about affiliate marketing, but ok, guess i rubbed you the wrong way.
Click to expand...
Sorry for my tone, it was not my intention. I wanted to point out that setting up a BG company is one of the easiest in EU at the moment (UK excluded)

RottenApple said:
Not sure man, I was and still am a noob and Shopify normally shows different payment processors you can set up your store with. By default Shopify Payments didn't apply and the other third-party processors.. I contacted like 15 of them and all of them required tax id, EIN, or some merchant data.. etc etc

The only option left was to create a company US or EU as you all know, paying like $600 for it and then apply.. I quit :)
Click to expand...

Having a US company is a false good idea for processing online payments (obviously if you live there or invested a lot into the setup, its good). Processors will ask you many documents to open a merchant account.
 
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