Pete thornton
Newbie
- Jul 14, 2013
- 19
- 2
HI, I'd be very interested in your High Risk solution.. cheers
URGENT HELP NEEDED: Payment processor / Merchant account for high risk website
- Thread starter Pejlis
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RuthSam
BANNED
- Mar 19, 2010
- 3,804
- 1,014
So HighRisk Mike, what website or firm do you represent?
Rough Driver
Newbie
- Mar 1, 2012
- 34
- 6
Did you have any luck with GSpay? I'm looking at them too... We have been having issues with obtaining CC processors, having siad that the CC processoers are not the issue it's the merchant banks.. I guess another option might be to swap out your grey area products and get you site approved by a a CC processor. Has anyone tried that ?[/QUOTE]
I don't think that this would work in the long term as the PSP will check the website after the MID have been approved. The usual timescale for this is 60 days. Once they see that you are selling "prohibited" goods on the site the PSP will pull the MID immediately and freeze all funds. If you are on a monthly payment cycle that could be allot of money.
The only solution is an aggregation model when it comes to pharma in my experience or finding a regular PSP to process the card transactions - although this will only work if your drugs are legal, you have a licence to sell these, and you have a CTR ( Chargeback Transaction Ratio ) of well below 1 per cent.
Also it is not really the PSP nor the card acquires that have issues, it is the card schemes ( V and MC ) Basically it is their sandpit and everyone up and down the sales funnel are shit scared of them - fines pulling licences that cost 500K to get on the scheme as a provider etc etc
Did you have any luck with GSpay? I'm looking at them too... We have been having issues with obtaining CC processors, having siad that the CC processoers are not the issue it's the merchant banks.. I guess another option might be to swap out your grey area products and get you site approved by a a CC processor. Has anyone tried that ?[/QUOTE]
Hi Pete i can help you get a merchant account add me on skype dvdmsnr to further discuss
Pete thornton
Newbie
- Jul 14, 2013
- 19
- 2
I don't think that this would work in the long term as the PSP will check the website after the MID have been approved. The usual timescale for this is 60 days. Once they see that you are selling "prohibited" goods on the site the PSP will pull the MID immediately and freeze all funds. If you are on a monthly payment cycle that could be allot of money.
The only solution is an aggregation model when it comes to pharma in my experience or finding a regular PSP to process the card transactions - although this will only work if your drugs are legal, you have a licence to sell these, and you have a CTR ( Chargeback Transaction Ratio ) of well below 1 per cent.
Also it is not really the PSP nor the card acquires that have issues, it is the card schemes ( V and MC ) Basically it is their sandpit and everyone up and down the sales funnel are shit scared of them - fines pulling licences that cost 500K to get on the scheme as a provider etc etc[/QUOTE]
Hi Rough Driver, cheers for the advise. I really appreciate it. Sounds like V and MC have everyone by the balls. Do they and maybe the banks have a database of URLs etc that they blacklist or is it a case of banning a website once the banks review it ?
RuthSam
BANNED
- Mar 19, 2010
- 3,804
- 1,014
Since the last 10 even 12 years MC was only allowed for Pharmacy processing and after all this is even not possible any longer without license or other documents that are required which most are unable ot provide because of the products sold. To find an agregated account will jelp you on short term but sooner or later your fonds will be frozen because of chargebacks.
You can find accounts that will live for maybe 1 - 3 months and then be shurt down. For most Pharmacy business it's fine while they are able to get million into their accounts within this timeframe.
There is no legit way to do payment processing. And there is a large number of SCAM processors out there that have specialized in Feezing Pharma accounts to get a share of the cake!
Good luck.
You can find accounts that will live for maybe 1 - 3 months and then be shurt down. For most Pharmacy business it's fine while they are able to get million into their accounts within this timeframe.
There is no legit way to do payment processing. And there is a large number of SCAM processors out there that have specialized in Feezing Pharma accounts to get a share of the cake!
Good luck.
Pete thornton
Newbie
- Jul 14, 2013
- 19
- 2
Hi Sujane, thanks for the tip, I'll have a look into WePay. Chers
Are you looking for High Risk Account Resellers? We are a direct relationship source who has processing banks with no middleman. We pay the gateway fees so your merchant doesn’t have to. This includes monthly fee and transaction fees for gateway. Your Split is 55% to start. You will deal directly with the Owner not just a Rep, so you will be able to get things done more efficiently.
Call for a reseller agreement and to start placing deals. 1-800-475-6011 or email [email protected]
Call for a reseller agreement and to start placing deals. 1-800-475-6011 or email [email protected]
trubuy
Newbie
- Jan 23, 2015
- 2
- 0
I can help you sir. I have been doing business consulting for years including merchant accounts. my company is Truby Consulting Services in AZ
darK_knight3141
Newbie
- Apr 17, 2017
- 5
- 0
Why not try bitcoin - you can use processor like blockonomics.co
Hello Please tell me how to integrate on woocommerce
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