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Payment processor for individuals?

Discussion in 'Business & Tax Advice' started by BorisManUtd, May 24, 2017.

  1. BorisManUtd

    BorisManUtd Newbie

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    Hello guys,

    I need an advice -- which payment processor for credit cards I can use? The thing is that I am not a registered business yet, so I need payment processor for credit cards which does not require registered businesses. Please do not suggest Stripe as they do not working with individuals, they require legal registered business in certain countries only. I am based in EU, but not in a country on their list.

    I think that I will use PayPal, but I am little worried about dropshipping with Paypal.

    Thanks in advance!
     
  2. luc1fer

    luc1fer Regular Member

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    I dont think that any serious payment processor will work with you if you are not legal registered business and allow you to process credit/debit cards. 2checkout maybe you could try but if dropshipping is your business you will probably have many chargebacks and they will freeze your money or cancel account. Paypal in my opinion is best option for you..
     
  3. dhia27

    dhia27 Jr. VIP Jr. VIP

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    As @luc1fer mentioned, 2CO might be the way. But, it depends on your business.
     
  4. BorisManUtd

    BorisManUtd Newbie

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    Thanks! I just talked with 2CO representative and he confirmed that I can start selling with them, without registered business.
     
  5. wackoflacko

    wackoflacko Jr. VIP Jr. VIP

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    Yep, you don't need to be a registered business to start accepting payments.
     
  6. DuckingOutstanding

    DuckingOutstanding Junior Member

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    Yeah I was gonna say - you can absolutely be a "sole proprietor" which requires absolutely NO business registration and most merchant processors will absolutely work with you (I can't think of one off the top of my head that DOESN'T accept sole props)... if you have trouble with 2co (which I hear of a lot of people having trouble) you can try AlliedWallet, Durango Merchant Services, BlueSnap, Payline, PaySafe, EasyPay Direct and EVO (they all work with "high risk" and dropshippers)