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Non-Investing eCommerce Partner

Discussion in 'Joint Ventures' started by servantofgod, Jul 10, 2011.

  1. servantofgod

    servantofgod BANNED BANNED

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    I have a company retailing online. We are looking for a non-investing financial partner to join our company and accept credit cards on our behalf. We're a very young team & company and our sales volume has far outweighed our credit worthiness. We will pay 5% on all transactions to this partner and also allow the partner to hold 10% of all transactions as a reserve/collateral for 6 months. This partner will also have to ability to be part owner of 20% of our entire operation. Our company is an online retailer specializing in footwear that holds no stock. We have faced numerous problems due to the fact acquiring banks want to see those doing high volume have outstanding credit and favorable assets, and we NEED credit card sales to operate our business. Our sales volume goes anywhere from 50-140K monthly, and we have around a 20-30% markup on all products over our vendors.

    If you are interested at all, we can send you over our proposal and further details. You can PM me or respond to this post.

    In addition to that I'd like to add that we are located in the U.S. and we'd prefer to work with an individual who is in the U.S., and preferably in our region so that we can get together in person.

    Thanks