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Credit card merchants

Discussion in 'Business Management' started by Alz, Nov 16, 2017.

  1. Alz

    Alz Affiliate affiliate

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    Hey!

    Can anyone recommend any CC Merchant that works with pseudo pharm (a.k.a. nutra) products with subscriptions? :)
     
    TrialSeeker likes this.
  2. AffBank
  3. TrialSeeker

    TrialSeeker Affiliate affiliate

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    Hi Alz- What type of nutra products you offering? Are these your own personal campaigns?
     
  4. comegetbravo

    comegetbravo Well-Known Member affiliate

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    Contact your local bank (must be a big bank) and ask for it. If your product is legit or you can make it seem legit you can get a good CC processor. Gotta be willing to pay some heavy fees though. The "affiliate" or "shady" friendly processors that huge fees (5-8% of revenue). And you gotta make sure your chargeback ratio doesn't go over 1-1.5%.
     
    azgold likes this.
  5. Alz

    Alz Affiliate affiliate

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    Hey!
    Weight loss, Muscle and male enhancement. And yes, we own them :)
     
    TrialSeeker likes this.
  6. Alz

    Alz Affiliate affiliate

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    Yea, our bank is big and they represent shady companies, but they refuse to work with us as a merchant, especially with subscriptions...
     
  7. Alz

    Alz Affiliate affiliate

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    If you do not know, they are almost always hidden, processed through API that client side does not see...
     
  8. Alz

    Alz Affiliate affiliate

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    Hm, I am not sure that it is shown on transaction which merchant is in use...
     
  9. TrialSeeker

    TrialSeeker Affiliate affiliate

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    That’s great , I represent a Payment provider that that supports trial and continuity products. Let me know if i can help.
     
  10. towhidzaman

    towhidzaman Moderator moderator affiliate

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    Speaking like a true ninja ;)
     
  11. Mr. Plan B

    Mr. Plan B Moderator moderator affiliate

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    if you aren't dealing in any shady meds.. i dont think it should be difficult for you to acquire a merchant account with a mainstream acquiring bank. If you do some further research, you will know that there are plenty of PSP's and banks out there who work with Nutra merchants.
     
    Last edited: Mar 2, 2018
  12. xgen4044

    xgen4044 Affiliate affiliate

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    Alz, did you end up finding a processor? I know a UK nutra startup that had trouble finding CC processing until recently. Seems like startups face a challenge getting accepted by banks.

     
  13. Graybeard

    Graybeard Well-Known Member affiliate

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    1. Check your spam box.
    2. Open any psudo-pharma or nutrient offers you see there.
    3. Attempt to make a buy and see what payment processors are being used.


    Graybeard, Jan 21, 2018

    towhidzaman likes this
     
  14. Graybeard

    Graybeard Well-Known Member affiliate

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    Make a purchase. You do have a prepaid credit card for finding out? If it's not worth the small amount of money to find out -- then you can't afford to know.

    Obviously, the transactions are being processed somehow. My best guess is that they are paying a high-risk rate 10% or more. Or, they are using MIDs of more legit merchants and sneaking purchases through somehow.


    Graybeard, Jan 22, 2018
     
  15. Graybeard

    Graybeard Well-Known Member affiliate

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    That's a point; US law (perhaps VISA/MC) requires only the billing *seller* be listed on the statement.
    I Just made a fake buy of .penis pills. just for kicks. They accepted my fake info and emailed me they would fraud check and get back with me .. LOL They are trying a call-in transaction ( I am guessing) of shopping where to place the order and get paid? Obviously, they haven't got an online processor. I was involved with PCI-DSS credit card processing, anti-fraud mainly, know the rates. If you are a legit seller like selling vitamins and supplements (Amazon, Walmart, Tesco, etc it would just run through a high-volume MID and the chargebacks would be a diluted issue.

    If they have a legit biz in something else they may just be slipping it through that way?

    Subscriptions in processing are problematic if you are not a well known entity -- they have high chargeback ratios. That is a problem with porn pay site subscriptions too. We did adult webcams so it was a closed end purchase -- one-at-a-time sale.

    VISA Europe? (Diet, Muscle and Male enhancement) for AT, DE, BE, NL, CH, FI, SE --- have you considered SEPA/EFT? In the US you can do monthly ACH payments. Banks like clean business. Verotel in Amsterdam might do it. Be careful with them tho.


    Graybeard, Jan 22, 2018

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  16. PurePay

    PurePay Affiliate affiliate

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    Are you still looking for mids? I can help you if needed :)
     
    Mr. Plan B likes this.
  17. Scott Robertson

    Scott Robertson Affiliate affiliate

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    I've used authorize.net in the past with good results am not sue if they allow your specific industry.
     
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