What other payment options i can have for my customers. I had enabled crypto too. But 90% of the customers want to use their credit card or paypal.
Well, there is Klarna, but that one is even more dangerous than cards, instant SEPA is subject to recalls without explanation up to 9 months, you cannot do that with the current complaint rates, I would not use them anyway.
The safe options are so called high risk processors, I better not write about that here, but they are generally creative about MCC declarations, they do more or less what WireCard was doing to pack some high risk TX into the pools before it all went bust, the principle is the same.
Beware, there a re very many scammer PSP offering this service, or resellers, do never deal with resellers and do the effort to meet the people in person at expos or upon a good friends recommendation. Resellers will often offer rates lower than is possible, that is the give away for exit scam ops. Some are also just naive and not good at this and they blow up whole MIDs.
As a general rule of thumb, operating such a system costs 5% of volume already, then you have settlement routing which isx 0.5% to 2% on top of that, then custom anti fraud and decline engine which is a real cost, sometimes marked up, sometimes not.
If someone tells you 6% including settlement, it is either the king of the market or a scammer, if they tell you 5%, it is either a scammer or on ramp via crypto, which is useless for this purpose.
Make sure to be ready for the chat, aka how do you monitor for fraud, how do you intervene etc. You got to know the precise answers to these or else they will not onboard, keep in mind 100k pcm is nothing for these people, 100k per month in revenue is likely not worth to them, I have hgeard through the grapevine that 200-300k pcm is where they say alright, if potential trajectory is upwards. The last thing they want is someone blow up a MID and have all customer funds held back by the banks. Some will onboard less volume, for a higher RR or MDR or if it is soem "I know this guy" introduction.
I have to really empathize, do not use any one of them unless you know them personally, meeting them persoanlly at expo will cost 1000usd in travel and hotel etc, but it is kind of mandatory spending, do not sign up based on a recommendation , even if it comes from a payment orchestration platform.
