Payment Processing, Passive Income,

James2774

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Last posted here Sept 2019 on my first journey thread. Was successful and built a good steady income online, learned a ton, and now ready to push the gas pedal a bit and get to the next level.
Logging a journey is def motivating as well as gives me some good self reflection and gets my brain moving.
Currently running payments for some high risk business that I've partnered with, taking in a good income imo. I made a few good connections on here, dropped the ball on some (thought I was gonna get engaged, well that didnt happen and crushed me so i dropped off the face of the Earth my bad) and now happy to make a good run and share my experience as well.

Some things Ive been working on are:
1) No chargeback card terminals for brick and mortar stores. Took a looong time to find what I wanted bc no one really offers it, and there is a need for it with all the chargeback fraud people face. PIN debit for the stores here locally for example is hard to dispute but so many processors and banks Ive spoken to said they cant do it lol, and several places wont accept cards at all due to chargeback fraud. There are cashless ATMS but those suck to be blunt. Found it finally and am now able to sell it. My barber will be my first customer as they are the ones that told me "no cards accepted bc people keep charging back like scumbags". I have no desire to try and sell traditional processing as its saturated and not fun.

2) Supplying for dropshippers/affiliates etc. Something in that area. I found some good bulk prices for nutra, sarms, ed pills, etc, and want to create a JV thread down the line as the supplier/shipper. Also one of my current partner businesses is interested in adding one product. Figure Ill start with one, buy a few hundred units, and see what we can sell. Im down to run ads myself too and learn a new skill.

3) Just getting other people to make money and taking my cut. I have one friend I have making some decent money, and once I get him to say 1-2k/month steady Ill offer it to our other friends and take my cut. He is my proof of concept to say. Thinking of JV work, things like renting out Upwork, OGads, CPAbuild, VCC accounts, Cashapp, etc. Maybe doing some CPA myself and showing them after. I know people want these accounts but have a hard time especially if from a Tier 3 country, and they'll hustle, meanwhile us Americans wont ever use these accounts anyway so why not rent them out?

4) Lastly, the high risk online stuff. Once Im confident and test out the terminals in stores in person, and test my online stores as Im doing now, I want to of course attack that market hard as thats my current bread and butter. Only thing ive noticed is people want "no chargeback, anonymous, btc payout instant" but they dont want to pay more than 3% lol, nor pay any fees. So ive started to just filter out that nonsense and not bother trying to convince anyone of anything. Or they want to accept credit cards for IPTV and have one account that never gets frozen. Its just not possible. Some risks and costs are just unavoidable.

OK tldr ima try and make a lot more income. Be nice to hit 30k/month at least this year. I know I can do it if I hustle hard.
 
Got the go ahead to add/supply SARMS to my pharma partner store, so theyll add them to their current offerings and Ill ship for them, sending a few samples off for testing to get certificates and then will make some bulk orders and get going. Ill start there and then see about maybe running some of my own adds or other avenues to get resellers.

Linked up with a new partner, got him a cashapp account for his business with a 70/30 split(ill absorb the fees to receive and payout in BTC so 25 to me). Only took in one payment but hoping we can get him to grow and add new revenue. If not im sure ill find a use for that account elsewhere.

Found a new payment method for myself and also to pretty much create a ton of stealth/anonymous accounts for credit/debit/cashapp/ACH payments(if you think im sharing for now youre outta your mind lol sorry). Ill use them for some of my partners of course, Ill try to network and JV on here.
A note on that: ive found that I learn a lot by chatting on here with people and their needs, bc then i go investigate how to get it done. However, many times the person isnt willing to work around the problems, they just want straight up traditional CC processing but "stealth/anonymous/BTC payout" which IF possible is going to be pretty expensive lol. For example, Cashapp is a GREAT option, yes youre customers have to download the app, but most of your customers KNOW what your selling you cant use traditional payments and are willing to download an app to pay. Also, Cashapp sales are better than no sales or crypto only sales. Yes cahsapp charges 2.75%, then you pay 2% or so to buy BTC through cashpp to get paid out, then you pay commission to the account owner. 10% total feesis MUCH better than 0% sales of course ha.
Dont ignore good bc youre chasing perfection.

My crypto exchange is asking/telling me I need to make a business account due to the volume and nature of use, a good thing bc Ive needed to do this anyway and been putting it off.
 
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