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Peptide Company Payment Processor?

Discussion in 'Business & Tax Advice' started by L23A1, Aug 31, 2016.

  1. L23A1

    L23A1 Newbie

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    I own a peptide company in the US. We have had 2 gateways shut down now. I have been searching from a payment gateway that has a good reputation and will work with peptides. We have looked at many different solutions from possibly moving the company to a more friendly country to using gateways that are for my other business. I am beyond frustrated by this issue. Any suggestions would be much appreciated. Thank you
     
  2. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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  3. L23A1

    L23A1 Newbie

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    Yes that is exactly it. They are perfectly legal to sell in the US but credit processing gateways do not want to accept payments for them. Any solutions would be great.
     
  4. Lauriat

    Lauriat Power Member

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    Visa and Mastercard does not allow unlicensed sales of peptides, no real processing company will ever work with this type of business as they are facing huge fines if caught.
    As far as i know these shady businesses use western union and moneygram as payment methods.
     
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  5. L23A1

    L23A1 Newbie

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    I can give you list of peptide companies that all accept cards. In fact literally almost everyone does. Now how they have that setup is the question. Not exactly a shady business when products are manufactured in US by GMP certified lab and distributer. Sorry I do offense with calling peptides a shady business when you have companies selling fake drugs and bath salts for people to get high openly but those are perfectly fine. I found processors that will take on escort services and illegal gambling but somehow peptides are demonized. To top it off peptides do not make people loss the ability to think like drugs, drinking or the host of new ways people feel the need to change their reality because they lack the ability to "cope." Its accepted for people to drink which kills people by the minute in society but when someone uses something to improve their life we accept that its ok to condemn? I see absolutey no logic in that kind of "accepted" way of thinking that dominates our society.

    Back to the point though. Obviously other peptide companies have found ways to accept cards online. Can someone point me in the right direction for possibly even an offshore processing company or give insight on how to set it up to be accepted by a payment gateway? Thank you
     
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  6. L23A1

    L23A1 Newbie

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    These guys say they can process payments but its "Agg Solution". Cant really find too many reviews except a couple for their domestic regular processing low risk clients.

    moneck payment solutions
     
  7. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    Most often it is done either by cheating the processor / acquiring bank by showing them a different business which sooner or later will be discovered by the card association or they find a processor that use aggrigated accounts to camouflage the transactions.

    It's not something long lasting and you will be in an never ending game to find new processing options. My best advise is to either get licensed if it's possible or forget about this business venture... alternative use bitcoin or any other cryptocurrency.
     
  8. L23A1

    L23A1 Newbie

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    Thank you for the advice. I can get licensed but then I will be heavily regulated and so on. Costs would be enormous overall. Plus, even licensed I would be stuck with a high risk merchant account that charges 8% plus fees on top of other costs. I think we may have found a solution in moving the company to a different country that is more friendly to businesses. Card companies have different rules for different countries. I think we found a loophole we can use. Probably what some of the other companies are using.

    The digital currency I do use already. Most people do not understand how to use it. I think for the time being I will write up a walk thru guide with exact steps and exact time to complete each process. Bitcoins for someone new take a about a week to get. So offering 20% off plus a free bonus express shipping for Bitcoin purchases with a detailed step by step guide should help convert even the least computer savvy users. I will include screenshots even so its very detailed. I prefer digital currency personally. So that will be an easy way to do this. Thank you for the advice.
     
  9. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    That would be great :)

    You may also let us know what loophole you have found, maybe not in details but just so we may get a picture of it... or you can PM me, I'm curious to know.
     
  10. TPJR

    TPJR Newbie

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    I have an offshore solution i have several of my pharma guys doing business in. This wouldn't be a agg but your own true mid to run your business. We have a real good relationship with bank. Give me a shout on Skype:tpierrejr or email [email protected]. Would love to chat with ya...
     
  11. cholero

    cholero Newbie

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    We are currently finding a solution offshore for a peptides company, so I think we can help you. We have over 20 years experience in the States, and 8 years experience of shore with merchant services. Let me know if your still looking for help with this...
     
  12. Vic Sage

    Vic Sage Elite Member

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    Check what others are using -

    Code:
    https://www.ironmagresearch.com/