I'm sorry but I have been processing for a LONG time and the fact you openly say your "sponsor bank" which isn't every the correct terminology leaves me asking a lot questions. Whilst you comments about PayPal and the audits are spot on to say you can charge 50bp over interchange but you can not get a online gym shoe account or that furniture is high risk is a little off base. Visa and MasterCard both have Cannabis and CBD on the their prohibited lists give that it is illegal in 90% of the planet.
The simple answer where PayPal is concerned is don't process adult or such categories on their service.
If you have had your PayPal account switched off you have very little chance of getting it back due to PayPal being the merchant of record and there for held accountable by Visa and MasterCard for transactions the fall under the prohibited products list.
Whilst there are solutions and ways to process high risk and not all of them but yes agreed a good number are 7% plus, there is a reason they attract these large fees. Mostly due to the charge back risks the other reasons are often because there are a few hands in the cookie tin trying to make clip on the ticket.
That's baffling how ElAvon
Use private messaging, or better yet, post openly to add value to the thread, unless what you're offering is scam.
H
Hey,
Today's my 1st day even knowing this site exists not to mention the 1st time I've ever stumbled on a forum and actually registered and left comments..
This 1 character starts laying into me like trying to measure swords or something with matters concerning high risk processing and man I'm just amazed how quickly the reason I always strayed from this happened. Fukn 3 min of being registered Bam!
Yea Ace I'm telling you I personally cannot place a dba in mainstream business. Shoes. It's 10 bps over interchange. What's interchange on PayPals new Mastercard. Can u use that at a restaurant? Did you happen to hear of their latest venture? Ooooh crap yep they are now a processor. Like Tsys. First Data.
Ace how many different platforms does FD have? What does it all mean?
Ever woken up every morning butt crack fukn dawn to bang the phone to banks in Mauritius looking for a sponsor bank, acquirer, acquiring institution, funding partner, funding bank, umm wait here.. the bank. The folks giving the money for the transaction. Those get grouped and "settled" into batches that "process" from your "gateway" which is plugged into you're an idiot.
I don't care how much you know. Being proud of merchant services is like your mom's Inmate of the Month bumper sticker from your deuce you served a ways back. I saw Shopify being used by so many ppl and ecommerce is my living. I know what I know due to being a payments provider. Pioneering team that took the ecig /vape vertical mainstream with Deutsche Bank NY and MeritCard and Adept Payments. Lucky break, the owner of 1 of em was a friend. I was a 16yr roofer outta work on injury n he offered me inside sales. Less than a year later cashed in and left to pursue CBD and dispensaries with Fortress Payment Technologies. Did you know they had up until a week ago the only legitimate mainstream domestic 110% above board legit legal etc etc processing solution for cbd ecommerce and got it bcuz they were already processing for wait for it
Dispensaries and delivery services.
Cbd was brought on when he decided to take on a new remote sales guy base+. That guy ended up not only suggesting it be done but actually wrote the language that was used to sign "exclusivity" with their SPONSOR fukn bank Jack and continued onto generate the entire 6 page MPA [merchant processing Application] from 20% scratch.
Yep.
So buzz off anyone that wants to get all competitive and throw mud. I known what I know. If I don't know, I don't act like I do. I don't act like I know without knowing for sure.
Can anone honestly with good points say Magento or Woo Commerce aren't better than Shopify?
Do you hear alllllllll these ?s about Stripe and Paypal and getting shut down and high risk and these gigantic payfacs or high risk MSPs. Don't go there.
But go ahead bcuz Timmy the Tugboat over here says. He knows better than me. Why dude. Why be a divk? I have solid information. A wealth of inside type of information. I know. You should see who's lifes are easier bcuz they're in my book.
I'm not here to get business. I process cbd and mmj and Kratom and anything nutraceutical or research chem. 7 figures Amv.
Please I just want to interject and help when I think I can. Id never do it in malice to a bunch of strangers I share arenas with as I EARN A LIVING.
Goddamn what's up with my country these days. You guys gotta either stop while ur ahead or start taking the ass whooping n quit calling the cops every time someone updates their status and didn't mention your bitch ass.
I'm happy to help if I can.
Lmk
✌
So I didn't reply til just now. Thanks for reading.
