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How to accept credit card?

Discussion in 'Business & Tax Advice' started by thisisnotmeagain, Nov 2, 2016.

  1. thisisnotmeagain

    thisisnotmeagain Newbie

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    Hi there!

    I am trying to figure out, what the best way to recieve monthly (prefered automatic) payments via credit card, for the purpose of transforming it into bitcoin (i dont mind a few steps/fees/time spent or whatever).

    I have been thinking paypal, but i hear they have a habbit of closing fake accounts.

    What i think is important:
    Ease of use for the customer
    anonymity for me

    anyone got any hints?
     
  2. blackbrooke

    blackbrooke Regular Member

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  3. r00k

    r00k Junior Member

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    Paypal gives a sense of assurance to customers. If your customers don't need assurance that you're not a scam go with a third party processor like Stripe.
     
  4. thisisnotmeagain

    thisisnotmeagain Newbie

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    This seems very promising! thanks for the tip!
    I dont think (hope) the customer assurance will be a problem.
     
  5. The Scarlet Pimp

    The Scarlet Pimp Senior Member

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  6. r00k

    r00k Junior Member

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    I always offer both tbh. Easy enough to setup. Most people will choose paypal if they have the option.
    I like Amazons payment gateway too as another option.
     
  7. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    For this you could use http://cubits.com/ I'm in the process to create an account... otherwise you can use paypal and 2checkout.
     
  8. seotechlab

    seotechlab Regular Member

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    Neteller.com is also a good option to collect money and withdraw all money at once...
     
  9. The Scarlet Pimp

    The Scarlet Pimp Senior Member

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    i'm wary of paypal since they often shut down accounts for (reportedly) no reason. last month i read a post from someone who said their account was closed after several years and pp would not tell them what happened.
     
  10. thisisnotmeagain

    thisisnotmeagain Newbie

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    Wow, im amazed about the amount of responses! alot of good sugestions
    To clarify, i expect to revenue somwhere in between 400-1500 euro a month, depending on scaleability of the project.
    I hope to end up being able to convert the profit to bitcoins and get them onto an anonymouse creditcard to withdraw at my local ATM machine for cash.
     
  11. topmm

    topmm Regular Member

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    That's my main problem right now. I managed to setup a shopify store and made $200+ . Signed up at 2checkout 10 days ago and I'm still in review process. Asking all kind of papers

    I just get products from aliexpress , i think that's the problem
    Now my traffic is paused since i don't have a way to get payments , only paypal
     
  12. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    What papers do they ask for? I got an account pretty fast with them.. ?! Where are you from?
     
  13. d3sign3r

    d3sign3r Registered Member

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    Me too. My account was approved quickly I remember - though it was back in 2005 ;) I'm sure they are more cautious now.

    But once you're signed up, you'll forget PayPal!

    Your customers will have the option of paying via PayPal or CC on the same page!
     
  14. topmm

    topmm Regular Member

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    They say that drop shipping is currently considered on case to case basics so the last paper that they asked was a 1 year processing statement showing the volume and chargeback figures.

    Maybe if i were from Germany or Netherlands i was instantly approved.

    So i managed to do the hard part and made sales but now i'm waiting on other crappy processors to get approved.


    I'm waiting on this one klikandpay.com which asked alot of papers about my company and about me
    And applied to Skrill also but i read in alot of places that their application process will take few weeks
    Also sent an application to checkout.com 5 days ago and still waiting.

    I tried without success to edit the shopify checkout page to say PayPal and Credit Cards not only Paypal logo.


    Did they asked about your monthly volume before you got approved? You were also doing dropshipping?
     
    Last edited: Nov 2, 2016
  15. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    Not at all, It is aprox 2 months ago that I got my account, they asked for documents for my company and personal docs which I almost provided. But with a different business model. If drop shipping is considered high risk now a day then it's why it take that long, your case has to go through different departments there!
     
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