HMS

CSI has announced that they will be closing all adult processing account effective June 27th. This affects anyone processing through FDMS as well, seeing FDMS is the sole owner of CSI since last year.

I am being flooded with calls this week seeing Humboldt Merchant Services is still setting up adult accounts. If you meet the following, call or email me (I willbe traveling the remainder of this week and will not have access to email, but feel free to call or I will respond to you email when I return):

to qualify for an account you must - -
-be processing for 2 years
-process $100,000 a month or more currently
-have chargebacks under 1%

Step one is to verify your processing volume and CB %. Please fax 3 months statements from CSI to me directly (see number below).

Rates and Fees
Discount Rate - qualified 2.40% (additional 1.60% Non Qualified surcharge on Visa transactions)
Transaction Fee $0.30 (includes AVS)
Monthly Statement Fee $10.00
Monthly Gateway fees - depends on gateway being used - call for details
start-up - $2690 (includes V/MC High Risk Registration and all necessary merchant account set-up fees)

Again, HMS is currently taking on adult accounts if you meet the above criteria...

Contact me directly..

Steve Kimberling, AVP
Humboldt Merchant Services
direct 877-635-3339
fax 707-444-7830 or 707-268-5106
email: [email protected]

ace0r

Mogulman

You must be on crack. I find it hard to believe, if not impossible, that you could set up any adult account with a discount rate of 2.4% unless your lying to underwriting about the true nature of their business. There isn't any domestic processor, outside of third party, that will touch adult with a ten foot pole. And there is no way you're getting those rates off shore. Even at a 100k/month an adult processor should count themselves lucky if they get a rate of 5% + $0.50/trans.

Mogulman

And for that matter, off shore accounts don't differentiate between qualified and non-qual transactions - its a flat rate all around.

MattO

Those rates are a good way to farm start-up fees.

stev0

Think again...
http://www.moneris.com/index.php

EscortBiz

u people here know shit about merchant accounts all u know is 750 visa fee and thrid party biller rates, go back to submitting your bullshit link list.

HMS is real I use them many use them been around forever.

Thanks for making this post here

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Mogulman

And what are we supposed to see here? There's no rate structure and I don't see any specific mention of high risk industries...

Imageauction

Curious, we had a merchant account with Humboldt back a while ago and it was closed for no reason, no phone call, no letter, nothing. This was about a month after we paid the $1000 Mastercard high risk merchant fee. I was told at that time by my rep that Humboldt was no longer accepting adult accounts.

This was 2 years ago, maybe they re-evaluated and decided to get back in the business.

Just in case anyone is wondering, we had way less than 1% CB ratio but it was a rarely used account so that may be why, we were only using it for a few thousand dollars a month at the time.

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HMS

These are real rates people... I have signed a dozen accts at these rates in the last few weeks.... as opposed to screwing you on rates because you are adult... we just want good adult business and business people who want to remain in business...

Hopefully a few more people I have signed at these rate will post and confirm....

Steve Kimberling

Still don't believe me - - I will fax you an application with these artes on them.... and YES you will be set-up w/ V/MC as a 5967 merchant. Just because everyone else screws you on rates doesn't mean I can't provie you 2.40%-4.00%

HMS

Curious, we had a merchant account with Humboldt back a while ago and it was closed for no reason, no phone call, no letter, nothing. This was about a month after we paid the $1000 Mastercard high risk merchant fee. I was told at that time by my rep that Humboldt was no longer accepting adult accounts.

This was 2 years ago, maybe they re-evaluated and decided to get back in the business.

Just in case anyone is wondering, we had way less than 1% CB ratio but it was a rarely used account so that may be why, we were only using it for a few thousand dollars a month at the time.


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About 2 years ago we stopped taking new adult accts, but continued processing for existing. We did fund a bunch of business for iPT who dropped their adult accounts at their diccression. Made it look like it was us when it wasn't.

In any event - if you meet the criteria - we go do it now..

Steve

HMS

Additional FYI - I am the bank diorectly. I do not submit anything offshore or to more than one bank. My company is wholly owned by the underwriting bank. My underwriter is 50 feet from my desk. all legit....

HMS

Thank you trying to explain to these people that this can be done....

tootie

What I want to know is how can a new company be expected to reach $100,000 a month in sales or have been processing for 2 years when they can't get a merchant account. Are companies effectively barring new companies?

(pasted from another thread)

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Hung Like Bull

says the know nothing nobody using CCBill on his sites. lol

torrey

Credit Cards Suck.

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HMS

Third party processors will take new adult accounts all day long. If someone can show me 3rd party processing at $100K and CB's under 1% we are good to go...

Steve Kimberling, AVP
Humboldt Merchant Services

Mogulman

quote:
--------------------------------------------------------------------------------
Originally posted by Mogulman
Volume does effect whether or not you can get an account. It effects your rates. you can be processing less than 10k per month and still get an account - you'll just be stiffed on the numbers until the volume goes up
--------------------------------------------------------------------------------

Sorry, quick edit

Volume DOES NOT effect...


(also pasted from other thread)

tootie

True, but what will be the case if the day comes that 3rd party processors are eliminated? Will it be possible for new companies to process if merchant accounts are the only way to process?

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HMS

Good Q... Visa/MasterCard are always changing and we can all only hope that that day does not come. As it is now, V/MC have ever increasing regulations on the adult industry as a whole, but it still comes down to which banks do and do not want to take on the "risk" of adult business.

By having the $100K and <1% CB parameters we are trying to position ourselves to be in the business for a long time. We do not want the "get rich quick and bail on your members" adult merchants that are out there. We want quality business people, running thier business in a strong business manner. I have a feeling that over time the $100K minimum may come down. For now it is what my bank is comfortable with....

Steve

baycouples

I just signed up with these guys two weeks ago. You have to be for real to get an account there, but once you're in - you're IN!

CHMOD

This is robbery.

homegrownmof

THen go to a 3rd party processor.

I'm sure you'll pay less over the long run ;)

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Jizar II

1)Is your backend completely integrated with Netbilling.com?

2)What's your turnaround on new accounts?

- Thanks

emmanuelle

We only use our merchant account for tangibles (5k/month)
Anybody know what our options are?

Nad

I was under the impression that CSI was only terminating the subscription side of the adult industry and keeping the tangibles.... I am searching for a processor that handles tangibles for a newbie friend too....

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tony286

You have to be careful I looked into this awhile ago. Alot of the salesman were like we dont have to tell the bank they find out then we will deal with it and I am like yeah right lol. I think if cc goes away checks will rule the day and scrubbing on them will get better.

Mogulman

Is the current account off shore or domestic?

Kimmykim

Drop me an email emmanuelle -- I don't handle this directly but I'll be more than happy to give you some advice on what to look into --

[email protected]

emmanuelle

It's a domestic account

HMS

Thank you for all your responses and emails folks.

I noticed a few Q's on tangibles... we can proceass for you tangibles also. We do keep the $100K a mont minimum on your current processing in place. There is only a $195 start-up fee and rates will typicall be at 2.40% (Qualified) and Visa does not automitically downgrade tangibles to Non Qualified so you can expect to get 2.40% on the majority of your transactions.

Steve

HMS

GATEWAYS

HMS is fully integrated with the following gateways:

NetBilling (recommended for adult)
Jettis (recommended for adult)

eProcessing Network
AuthorizeNet
VeriSign
USA ePay

Hope this helps..

Steve Kimberling, AVP
Humboldt Merchant Services