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Private Label Supplement Startup / Payment Questions & Legalities

Discussion in 'Business & Tax Advice' started by supplement, Nov 11, 2015.

  1. supplement

    supplement Newbie

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    Hey Everyone,

    Long time lurker, but created my account to post this finally.

    I'm currently doing 100-200 sales/day on a male testosterone booster. (Think MaxShred type product) But now I want to take it on my own. YES, I know this is a big under taking with lots of legal questions.

    I've got pretty much everything ready to go, I think.
    - Delaware corporation
    - Private Label supplements ready to go
    - Landing pages, upsell pages, etc.
    - Domestic Bank Accounts for DE corp

    Now, a few questions:
    I've researched my competition and see that they're
    - Shipping their products from within the USA (I'm assuming drop-shipping)
    - Legal issues are handled in BELIZE (according to their Terms & Conditions)
    - Returns are sent to SWITZERLAND
    My question is, WHY these countries, and should I follow suit?

    I know another issue for others in this industry is high charge-back rates.
    - I have customer service experience & agents are ready to go 12 hours/day right now.
    - We're currently planning to process with Stripe, but research shows that they won't like a high chargeback rate so I need to go somewhere else ASAP.
    Is there a respectable payment processor that works with merchants that have potentially higher chargeback percentages?

    ANYTHING else you could recommend or pass along would be GREATLY appreciated!
     
  2. HenryHavoc

    HenryHavoc Jr. VIP Jr. VIP

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    Wish I had answers for you OP, but honestly I'm just commenting here to check responses later ;) You have a lot of questions that I think other people want the answers to as well.
     
  3. supplement

    supplement Newbie

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    I'm hoping someone has the answers! I heard there might be a few e-books out there too with a walk through on how someone else has done this, but I'll wait for people to chime in regarding those.
     
  4. supplement

    supplement Newbie

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    Still looking for help with this. Happy to compensate someone with knowledge of this area for their time.
     
    • Thanks Thanks x 1
  5. cwbpay

    cwbpay Newbie

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    Hi, I saw you were looking for Nutra processing, we specialize in Nutra, have good buy rates, quick payouts and can have you up and running in about 24hrs. Whats a number I can reach you at, I'll call you today.
     
  6. jackblk

    jackblk Newbie

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    Too bad no answers yet, a lot of questions we all need answers to.
     
  7. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    It qualifies high risk so you need one of these payment processors that accepting this stuff, there are not many out there which don't Ripp you Off however there are a few I think, use Google to search for high risk payment processors. All the company stuff wasn't necessary, I don't understand why you actually use a US company for this stuff, do you know if it is legit in the US to trade your product?