1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Advice on choising payment processor

Discussion in 'Membership Sites' started by jman07, Sep 26, 2016.

  1. jman07

    jman07 Newbie

    Joined:
    Sep 16, 2016
    Messages:
    19
    Likes Received:
    2
    Gender:
    Male
    With 2 partners we are setting up a membership type business.
    Part of it will involve adult stuff (members who opt in for this receiving every day adult pics - but just sofcore!), there will be also a MLM element. (members can make referral fees by introducing others, but it's on 2 levels).

    So for these reasons the use of PayPal is excluded.

    What other payment processor you guys are advising use to use, in conditions that the monthly membership fee will be extremely small ($7-8), and we want the membership available for as many countries as possible, but if it's not possible, our preference in order is USA, + Canada, +UK, Aus, Nz, + all other west Eu countries, Japan and South Corea, + the rest of the world.

    We want the keep as profit just $1.50-2 per member / per month (after all processor fees are paid) , the rest will be paid back to members.

    We don't want to make our members to need to go through too many loops to be able to pay their membership fees.

    Is Payza a viable option?
    I was told by others that the fees they charge for stuff involving adult + MLM is a lot more high than their regular fees.

    We started to think seriously to use just Bitcoin, explaining future members how to use it, how to make a Bitcoin account. But the thing is that none of us ever used bitcoin either, so we don't know much about it .
    Any of you can advice about the use of bitcoin for something like this?
    We know that from PayPal you can fund Bitcoin wallet, and from Bitcoin you can transfer back to PayPal.

    But one concern is how we gonna deal with Bitcoin fluctuation?
    I mean the membership is in USD, and after every month period we should pay affiliate (MLM type) commission to members, and that is set again in USD. What we do if in 2 week the Bitcoin loses 15% value compared to USD (just and example...).

    We looked at some adult payment processors, but the fees are horrible, most of them have hundreds of $ just like set up fees, and about 10% fees on any transaction.
    These are criminally high, if we must use any such, it's impossible to keep membership at just $7-8 per month. This is why we think about Bitcoin.
     
  2. francis1017

    francis1017 Supreme Member

    Joined:
    Feb 26, 2013
    Messages:
    1,492
    Likes Received:
    346
  3. jman07

    jman07 Newbie

    Joined:
    Sep 16, 2016
    Messages:
    19
    Likes Received:
    2
    Gender:
    Male
    No more advice?
    WOW ... :(
     
  4. Witicagnall4435

    Witicagnall4435 Registered Member

    Joined:
    Mar 11, 2015
    Messages:
    98
    Likes Received:
    12
    I am using 2checkout. They very flexible and their customer support is top notch. check them and see if they are OK for your needs.
     
  5. jman07

    jman07 Newbie

    Joined:
    Sep 16, 2016
    Messages:
    19
    Likes Received:
    2
    Gender:
    Male
    I wonder how you can use them for adult related stuff, when in their site among "Prohibited Product List" the second on the list is "Adult Entertainment (Sexually Oriented)"?
     
  6. PaymentMaven

    PaymentMaven Newbie

    Joined:
    Feb 25, 2011
    Messages:
    29
    Likes Received:
    2
    Occupation:
    PaymentMaven.com Merchant account consultant
    Location:
    Los Angeles
    Home Page:
    jman07,
    Did you finally get a payment processor? Any problems?