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Any reliable High Risk Merchant Account providers?

Discussion in 'Business & Tax Advice' started by Donnie Darko, Jul 15, 2010.

  1. Donnie Darko

    Donnie Darko Regular Member

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    Sick of suckers that we are forced to work with, so I'm looking for a reliable high risk merchant account provider. I know there probably isn't one, but eh, asking is worth a try.
     
  2. duimstra

    duimstra Regular Member

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    GSpay? I am also thinking about using them, but can't really find any useful reviews...
     
  3. Donnie Darko

    Donnie Darko Regular Member

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    Mixed reviews about them. Saw posts of their representatives on forums and they look pretty darn unprofessional.
     
  4. duimstra

    duimstra Regular Member

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    I read a few threads on WebHostingTalk about GSPay and my main concerns are:
    - they're unresponsive when problems arise
    - their service is frequently down *

    * I am not sure if just their website is down or the actual payment gateway ...

    A positive sign is that GSpay support actually responds to threads in forums, but I don't want to open forum threads every time there is a problem just to 'wake' them up.

    It would be quite helpful if some fellow-BHWs posted some 1st hand reviews or opinions about High Risk Merchant Accoutns (not necessarily GSpay) ... Anyone?
     
  5. neuromancer

    neuromancer Newbie

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    liqpay is pretty much the best for high risk items. only way to get the money out though is through Visa ATM card (1% fee) or pay an exchanger to switch to WMZ/Pecunix or LR (3-5%)

    i withdraw to a visa card issued from azerbaijan with zero limit and no name on the card. anonymous payout, 1% fee, screw merchant accounts unless doing crazy volume
     
    • Thanks Thanks x 1
  6. superspiderman

    superspiderman BANNED BANNED

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    neuromancer thats a hell of a setup you have got going on - I like it!
     
  7. stopper345

    stopper345 Newbie

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    Read the forum comments on the Liqpay website. Doesn't look pretty. No terms of service posted on their website. Loads of complaints.
     
  8. neuromancer

    neuromancer Newbie

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    the complaints on liqpay's forums are mainly from exchangers, like ppl attempting to exchange liqpay for LR or Ukash (this is forbidden, so their accounts are seized). also notice their chat logs, they went into liqpay support and basically freaked out like complete tools so thus were totally ignored

    sign up for an account, and request address verification (letter sent to w/e address u want with codes in it) took 5 days to get mine

    you're good to go after that. anything happens, click on live support they will fix it since you are now verified. also, sometimes liqpay will randomly select charges over $200 for 'bank fax authorization' meaning they fax something to the buyers bank for verification which the bank almost never responds to, unless your buyer phones his bank and asks them to verify. this usually only happens with suspicious cards, but something to watch out for (just have them do multiple $200 max payments)

    extreme risk, just have your customers buy from buywmz and convert it into cash through an exchanger for 5% fee
     
    Last edited: Jul 18, 2010
  9. securesolutions

    securesolutions Newbie

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    We set-up High Risk merchant accounts, I have been in the credit card processing business for 8 years and have vast experience in both regular accounts and high risk. Our high risk program is stable, and operates very similar to regular program with the exception of the rates. The rates are based on volume and type of business. Let me know if you want some help setting up.

    Scott
     
  10. Markbh

    Markbh Regular Member

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    Can you give a bit more detail about the service and the site?
    I would be interested if your service is solid.

     
  11. keevio

    keevio Newbie

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    Lyle or Kirk at highrisk.solutions should be able to help you out. They specialize in high risk.
     
  12. HighRiskMIDs

    HighRiskMIDs Newbie

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    Occupation:
    VP Merchant Accounts
    Location:
    Hartford CT
    pls call me I can help 203 885 0245

    Choice Merchant Solutions
    Michael Reilly
    VP Processing and Funding