Canadian CC Processor FOUND

[RevengeBucks_Monica]

(note: this post is unrelated to RevengeBucks, I'm posting this as a personal post!)

For those Canadian webmasters out there that are interested, I just got off the phone with Moneris, and the answer is YES, they will process credit cards for adult websites.

WOOT!

[pornask]

really? They're a bunch of freaks anyway, aren't they?

[RevengeBucks_Monica]

And interesting side note here, of all the third party billing companies I contacted, this is the only one that replied in a timely fashion.

[dready]

I got a lovely run around from Moneris a year ago. After 3 weeks of saying yes it was no problem, my type of site (content store) was not on their prohibited list, opening new bank accounts, etc, etc... they declined me saying they found the words 'teen' and 'schoolgirl' on my site.

[StuartD]

They've been processing for some Canadian sites for quite some time now.

[pornask]

I remember having a lot of hassle and bad experience dealing with them when I was having my card processor installed at the store.

[Shagbunny]

Moneris is awesome. They're the No.1 processor in Canada and almost all web merchants using them that I know of are extremely happy with their service. We use them in our retail stores, wouldn't use anyone else. I'm actually quite surprised they're accepting adult online, I may just look into this myself.

[fris]

moneris had a problem a year ago with adult.

[DigitalDruid]

anyone know of a site they take care of for sure?

[TheDoc]

I have said this for years and years.... NO credit card company in Canada can Process High Risk Online. They "THINK" they can process it, but they really can't.

The risk is very high when 100% of the Canadian Processors that did process high risk adult have been shut down.

[Barefootsies]

I have said this for years and years.... NO credit card company in Canada can Process High Risk Online. They "THINK" they can process it, but they really can't.

The risk is very high when 100% of the Canadian Processors that did process high risk adult have been shut down.

[Sarah - GTS]

We looked into this a few years ago, and they would process our transactions but they wanted a huge amount of money to hold as a reserve. And we sell business to business, not directly to the surfer.
It just wasn't worth it for us.

[RevengeBucks_Monica]

The woman I spoke with today said that there would be a $500 one time setup fee, and did not mention any reserves. There is however a monthly charge of $40, plus a percentage per transaction (2.3% for visa/mc) and a ten cent charge on each transaction. ON TOP of all that, they charge you seven dollars everytime they deposit money into your account.

Lots of fees, but no annual fee, and no reserve from what I've been told (so far).

I guess we'll see how it goes, and perhaps I will post my experience here.

[RevengeBucks_Monica]

The woman I spoke with today said that there would be a $500 one time setup fee, and did not mention any reserves. There is however a monthly charge of $40, plus a percentage per transaction (2.3% for visa/mc) and a ten cent charge on each transaction. ON TOP of all that, they charge you seven dollars everytime they deposit money into your account.

Lots of fees, but no annual fee, and no reserve from what I've been told (so far).

I guess we'll see how it goes, and perhaps I will post my experience here.

[AllStar]

The woman I spoke with today said that there would be a $500 one time setup fee, and did not mention any reserves. There is however a monthly charge of $40, plus a percentage per transaction (2.3% for visa/mc) and a ten cent charge on each transaction. ON TOP of all that, they charge you seven dollars everytime they deposit money into your account.

Lots of fees, but no annual fee, and no reserve from what I've been told (so far).

I guess we'll see how it goes, and perhaps I will post my experience here.

Please do would love to know what happens!

[yys]

The woman I spoke with today said that there would be a $500 one time setup fee, and did not mention any reserves. There is however a monthly charge of $40, plus a percentage per transaction (2.3% for visa/mc) and a ten cent charge on each transaction. ON TOP of all that, they charge you seven dollars everytime they deposit money into your account.

Lots of fees, but no annual fee, and no reserve from what I've been told (so far).

I guess we'll see how it goes, and perhaps I will post my experience here.

I wish you the best but I'd bet their tune on whether they can process for you and what fees/reserves you'll pay will change as it works it's way up the management chain.

[PaygeaGrl]

We also provide direct merchant accounts. Although you would need to incorporate outside the US to work with Paygea, you can process and settle transactions in 20 currencies including CAD, USD, GBP, EURO, Australian Dollar, Yen, Hong Kong dollar, Kroner,Franc, and Krona. You can also offer cross sells, customized scrubbing,etc.

We can be more aggressive on the rates if you come direct.

Hit me up on AIM or send me an email and I'll send you rates.

[PaygeaGrl]

Also, as long as you are compliant, we do not have any setup fees. If not, than you would need to incorporate. We do work with an attorney that can have the new address for you in 3-4 days. He charges about $1,500.

[directfiesta]

I remember having a lot of hassle and bad experience dealing with them when I was having my card processor installed at the store.

I did 2 installs for clients ( 2 months ago ) ... and it was a nightmare ( mainstream tangible store ). It took over 3 weeks just to setup !!!!

Their rep, Julie St-Amour, said to me once that she didn't need to know the product to sell it ... problem with that is that she said that after 2 weeks of runaround....

Anyway, be ready for a rough ride with them and they will try to push on you what they call a payment page that is hosted on their servers ... but outdated as hell ...
You will need to go thru trustkeeper.net approval also .

[PaygeaGrl]

You mean Moneris, right? With our service, merchants need to have their own pay page but don't store CC info.

[Jman]

I think they work on case by case. Anyways, congratulations ;-)

[directfiesta]

You mean Moneris, right? With our service, merchants need to have their own pay page but don't store CC info.

Sorry... Yes, I meant Moneris ....

Like when I asked for the charge codes to test the response ( approved, declined, stolen, etc ..) she had no idea what I was taking about ....
I found them, on their site, with google ....


Now, maybe my bad experience is due to her incompetence. Administration was kind enough to refund all setup fees , approval fees, because of the bad situation ...

[PaygeaGrl]

Well, if you have any clients that will incorporate and have some volume, let me know. We make it pretty easy and try to eliminate most of the back and forth garbage by doing all the underwriting upfront.

[fuzebox]

You mean Moneris, right? With our service, merchants need to have their own pay page but don't store CC info.

Of course he means Moneris, this thread is about Moneris. Why are you threadjacking?

[PaygeaGrl]

I just wanted to tell her that we could process and settle in Canadian if Moneris didn't come through..this way, they aren't left with their pants around their ankles. Just providing an FYI. No harm no foul. :-)

[PaygeaGrl]

and DirectFiesta had some obvious issues with either the service or the support. Again---just wanted to give some options. Kinda like when people announce new programs and payouts..Just trying to spread the good word.

[RegUser]

We also provide direct merchant accounts. Although you would need to incorporate outside the US to work with Paygea, you can process and settle transactions in 20 currencies including CAD, USD, GBP, EURO, Australian Dollar, Yen, Hong Kong dollar, Kroner,Franc, and Krona. You can also offer cross sells, customized scrubbing,etc.

We can be more aggressive on the rates if you come direct.

Hit me up on AIM or send me an email and I'll send you rates.

So canadian incorporation is good enough?
will it allow me to use VISA?

[PaygeaGrl]

Hi,
You would need to incorporate offshore to use Paygea. However, if you want to process and settle in CAD, we can set up an account for you that supports it. For example, we work with several adult merchants who only process in GBP. It is important to them that we not only process but also settle in that currency so they don't have to deal with conversions.

[PaygeaGrl]

I will add that Moneris is a great company to work with for mainstream merchants.

[KrisKross]

I have said this for years and years.... NO credit card company in Canada can Process High Risk Online. They "THINK" they can process it, but they really can't.

The risk is very high when 100% of the Canadian Processors that did process high risk adult have been shut down.

Moneris is Canada's largest credit and debit acquirer and is a partnership between RBC and BMO. They wouldn't risk their business for a couple of extra bucks processing adult.

[Aric]

Monica, you're in for some disappointment. They've said it in the past (multiple times even), but you won't get very far

[RegUser]

Hi,
You would need to incorporate offshore to use Paygea. However, if you want to process and settle in CAD, we can set up an account for you that supports it. For example, we work with several adult merchants who only process in GBP. It is important to them that we not only process but also settle in that currency so they don't have to deal with conversions.

so if I am incorporated in Canada and want to charge customers/settle in CAD, I wont need any additional offshore setup and can use VISA & Mastercard?
Am I right?
And what are approx total cost and time frame I am looking at?

[PaygeaGrl]

Hi,
No. You would need to incorporate in one of the the following countries:
Andorra, Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Gibraltar, Czech Republic,
Estonia, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta,
Monaco, Netherlands, Norway, Poland, Portugal, San Marino, Slovakia,
Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom, Vatican
City.

We can process and settle in USD, GBP, EURO, Australian Dollar, Yen, Hong Kong dollar, CAD, Kroner,Franc, and Krona.

[PaygeaGrl]

If you are already incorporated in one of the those countries, then you don't have to pay the fee to incorporate. We work with an attorney that handles this for around $1500.00 but you can work with your own lawyer or someone else if you want to. As long as you are compliant then it's all good. We do not charge an application or set up fee either. Depending on volume, you can expect to pay between 3.5%-4.5% plus $.25-.40 or less per transaction. Payouts are 5 days in arrears with daily or twice per week wires.

[PaygeaGrl]

it takes us about 3-4 days to set up an account.

[Tanker]

I have lots of friends that work at Moneris and I can tell you they all have tried for me it will not happen. Some of them are managers in new accounts.

[PaygeaGrl]

As KrisKross said" Moneris is Canada's largest credit and debit acquirer and is a partnership between RBC and BMO. They wouldn't risk their business for a couple of extra bucks processing adult."

It's totally true..not a bad thing because they have such a good product model for mainstream.

[Odie]

so much for a thread on MONERIS!!

[PaygeaGrl]

We should just start one on Paygea:-))) bad girl...bad bad girl.