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looking for suggestion for setting up an online phamacy

Discussion in 'Business & Tax Advice' started by sugussies, Jun 6, 2010.

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  1. sugussies

    sugussies Newbie

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    My friends and I are based in SouthEast Asia at the moment and are looking to start an online pharmacy business which we already have a dropshippers and some database , Our main target market will be the US and some European countries. The problem is we will be a new business with no prior record of trading, we did not set up a company or virtual company yet. I wondering if any company provide us a merchant account? do we need to set up a company or virtual company? any comany who ae trustworthy and can set up a virtual company for us? I also have questions about offshore banking, do we need offshore banking and which country is the best for our situation? ( we concern about privacy as well) im sorry for asking this kind of questions, im totally new about this things all I have now is some idea and information and database that my friend help me out. i wish someone could help to answer my question.

    thanks you guys in advance
     
  2. neuromancer

    neuromancer Newbie

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    gspay, although expensive
    you could do liqpay, then guaranteed no chargebacks.

    to get around liqpay withdraw limits, use a russian exchanger like Trainex who will exchange liqpay for LR or WMZ or PM to get bank wires out.
     
  3. duimstra

    duimstra Regular Member

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    Why would there be no chargebacks with liqpay?
    What is LR, WMZ or P M?
     
  4. neuromancer

    neuromancer Newbie

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    LiqPay guarantees no chargebacks, because everybody who pays through it is confirmed 'verified' through an sms sent to their phone while they are checking out. They enter the codes and supposedly that means no chargebacks according to their site. LiqPay will also phone the card holder if anything is weird, and ask them to confirm some information.

    As a merchant I would definitely be address verified first before using liqpay, as they will lock accounts for 180days if a lot of fake cards are used for payment. Address verification only took 5 days to a 'virtual office' i rented.

    LR, WMZ and PM are digital e-currency. WMZ is the best currency because you can directly wire out money from it, whereas LR you need an exchanger. Pretty much every epharma drop shipper i've ever come across only uses WMZ for payments

    if this guy has $1-2k to spare, he can register an offshore company in Belize/Seychelles or somewhere with Latvia/Cyprus merchant accounts but even then most banks require proof of revenue and minimum monthly sales amounts before you get one. Maybe start with GSPAY then when rollin' get your own merchant account.
     
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  5. duimstra

    duimstra Regular Member

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    Doesn't GSPAY also offer your own merchant acccount (I'm confused).
    I thougth both Liqpay and GSPAY offer merchant accounts, just a little bit different (the bit with SMS verification).
     
  6. bonkmobile

    bonkmobile Newbie

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    As an aggressive and rapidly growing company, we are actively seeking merchants in the high-risk arena. With very close ties to our financial institutions, we have the unique capability to offer lower rates to our clients. Contact us now and...
    "Let us make you more of your own money!"

    skype: laskey financial
     
  7. clubbhopp

    clubbhopp Junior Member

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    hey guys who can help me make a dummy shop for my real pharmacy shop , with LiqPay merchant (fuly API intergrate
     
  8. p3merchant

    p3merchant Newbie

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    Hello!

    We would be more than happy to discuss your merchant processing needs with you.

    We work with high-risk accounts including pharmacies.

    Please feel free to contact us with any questions!

    J Victor

    P3 Merchant Solutions
     
  9. incent

    incent Registered Member

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    1 suggestion. Please don't spam my blog with your products. :)
     
  10. neuromancer

    neuromancer Newbie

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    found this, no idea how legit these merchant accounts are but they will apparently process anything:

    securehost.com/offshore/offshore-merchant-account.html

    if i ran an epharmacy i'd ask an exchanger to take payments for me. they will make a site like xmgold.net/yourepharma and allow customers to directly deposit funds by CC, bank wire, LR/WMZ, Ukash ect.