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anyone know of any good high risk credit card processors

Discussion in 'BlackHat Lounge' started by syek1, May 9, 2010.

  1. syek1

    syek1 Regular Member

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    Does anyone know of a credit card processor where I don't need a merchant account that accepts pill type products? So basically I'm looking for a company like paypal that accepts high risk products such as pills.
    I have looked around and found a few but none that work in South africa where I stay
    Thanks in advance
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  2. scorpion king

    scorpion king Senior Member

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    I used high risk merchant account a year before. The worst thing here is high charge back rate and monthly billing cycle. I recommend you to have a look at wxw.instabill(dot)com. I believe they can help you out. Beware of hidden charges, read there TOS.
    Good Luck.
     
  3. syek1

    syek1 Regular Member

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    Thanks scorpion I will take a look at them. I also found a place iverified.com has anyone heard of or used them? I can't find much info about them so I'm not to keen on using them but they offer everything I need
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  4. singingsleep

    singingsleep Regular Member

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    I am looking at using gspay myself but I have heard mixed reviews. I do believe they offer merchant accounts but they allow pharm as far as I know. I welcome any input on this processor from anyone with experience. hth
     
  5. syek1

    syek1 Regular Member

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    I also thought about using gspay but they have a 4000 dollar minimum withdraw and charge 40 usd for a chargeback. They are probably the most reliable and if I can make 4000 dollars worth of sales a month I would probably use them
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  6. duimstra

    duimstra Regular Member

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    What exactly means "$40 charge for chargeback"?
    When a customers chargebacks, you lose the customers money + $40?
     
  7. Whitemau5

    Whitemau5 Newbie

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    Yes, $40 chargeback = a fee on top of the chargeback, also having a high cb % can get you kicked
     
  8. predator2009

    predator2009 Newbie

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    Google for offshore merchant account it usually better to get bank + offshore it will give you the security not to have chargeback all the time becasue once you get money into the bank its difficult to get charge back becasue those kind of merchant account are made for that.
     
  9. Pete thornton

    Pete thornton Newbie

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    Did you have any luck with GSpay? I'm looking at them too... We have been having issues with obtaining CC processors, having siad that the CC processoers are not the issue it's the merchant banks.. I guess another option might be to swap out your grey area products and get you site approved by a a CC processor. Has anyone tried that ?
     
  10. REAL EMAIL ID

    REAL EMAIL ID Jr. VIP Jr. VIP Premium Member

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    Did you can't even see its 6 years old thread
    or you want only spamming here ?
     
  11. Pete thornton

    Pete thornton Newbie

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    Hi Real,

    Yes you are right but there doesn't seem to be a lot of information out there on this topic. I've had actually had some good conversations from old threads in the past so I thought I'd see who's listening.