I need Payment Processing Advice

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • juddd
    Confirmed User
    • Feb 2015
    • 11
    #1

    I need Payment Processing Advice

    Hey Guys,

    I need some advice from people that know processing. I want to get away from using the list of payment processors we all know and some love.

    I like to see if I can acquire a merchant account. I was offered one by our bank Wells Fargo for our mainstream side. The bank person was really nice about it.

    I know a bank that does it for adult, which I have a call with soon. But I actually had a call with a registered ISO/MSP that's associated with that bank. The guy was very rude and I may not have understood his questions that well. Seems like he wanted history of us processing for adult, which I don't have.

    I'm doing research now, is there anything we know before we talk with the bank. I feel like I know the basic, but that's only good for mainstream and not for high risk accounts. What are the extra requirements I need to have for adult?

    The technical side I know we can do. Do they need to see a customer service group?

    The rate he gave me for processing made my heart warm. I need to figure this out.
    https://nerdycms.com Email me at traffic {at} nerdycms.com
    Tags: None
    • AdultMerchantServices
      Registered User
      • Sep 2013
      • 73
      #2
      You can apply at BOA or WF and such as a "marketing" company. That will work until they run an audit and see where the cards are being accepted.

      The best bet is to start working with a high risk processor and bank that will give you a direct account here in the USA. Know you will have annual compliance fees to satisfy the card networks, but its still cheaper than using a 3rd party.

      I would be happy to go through some of the requirements that our banks usually ask for when adult is applying and answer any other questions.

      Cris
      Allied Payments
      1-800-315-5755
      [p] 1.800.315.5755
      [e] [email protected]
      [w] https://www.alliedpay.com

        Comment

        • juddd
          Confirmed User
          • Feb 2015
          • 11
          #3
          we definitely want the bank to know where we are processing. BOA and WF are a no go there.

          The bank I have a call with will know we do porn stuff. I just didn't under why this registered ISO/MSP gave me so much trouble. Maybe it was just the rep I spoke to. But I hope to talk to the actual bank and lay everything out.
          https://nerdycms.com Email me at traffic {at} nerdycms.com

            Comment

            • AdultMerchantServices
              Registered User
              • Sep 2013
              • 73
              #4
              They probably want to know you're funded, especially to cover the registration fees.

              Depending on the industry, we start our adult pricing at +0.50% and $0.10/transaction.

              Allied Payments • High Risk Merchant Account • Credit Card Processing
              [p] 1.800.315.5755
              [e] [email protected]
              [w] https://www.alliedpay.com

                Comment

                Previous template Next
                Working...