I'm going to put this out there re: Merchant accounts.
 

I have been working for some time to develop a solid relationship with a stable US bank that will be willing to write merchant accounts for high-risk merchants. I have now established that situation and have started wrting accounts to this bank. As I posted on another thread, I can now make the following offer.

To any merchant that is processing at least 50k per month with at least 3 months of processing statements, I can have you set up with your own stable US merchant account in about 72 hours (average). I have worked out good rates with this bank, and they will be willing to write these accounts until they get to the point where they have enough high-risk, and stop writing it in order to keep their portfolio balanced. Everything about this situation is very sweet. There are no large set up fees of several thousand dollars, there are no hidden fees, etc....

Quality higher-volume merchants should contact me.

[email protected]

ICQ 177961090

:thumbsup

which bank?

I would need to get an NDA signed with you first, but I will say that this is no fly-by-night situation, and it's been a lot of work to get this deal set up.

fraudscrub email???

This is something outside of the fraudscrub company....Kind of a side project for us.

Fraudscrub.com is the main thing that we do. We provide gateway and fraudscrubbing technologies and services for people with their own merchant accounts.

Do you have to use your gateway? How competative are the rates?

You do NOT have to use our gateway.....but you might want to when you see all the features.

As for the rates.....They are some of the BEST rates around. I won't quote them as they can depend on your volume, history, etc..., but anyone who knows the merchant account enviroment as it stands now will be very pleased. If you are serious, get in touch with me and we can talk.:)

What is enough high risk for the bank? What about growth? How long have they been doing this?

Well, I'm not on the board for the bank, so they don't tell me their entire portfolio, nor the exact figures that the VP of risk management comes up with (no bank will :) ), but they will get to a certain point and say....."that's enough"

I'm not sure what you're asking regarding growth, but merchants with a good history can easily get no cap accounts.

They have been doing high-risk for several years, but only as a small part of their business and I have basically persuaded them to expand it. ("and there was much rejoicing!")

and when I say "that's enough" I was told that they would not write further accounts, but would keep the ones that they had until they had expanded other parts of the portfolio and could start writing new high-risk accounts again.......so get 'em while they are available!!:thumbsup

interesting, sounds good, industry heading to individual MIDs

I believe so. It certainly doesn't hurt to have both as an option.

Those with MIDS will be the last ones standing.

What are the benefits to having a mid stateside as opposed to the EU?

what about companies based in Europe? We have years worth of processing statements...

If you are a US based company, and there is some kind of dispute with the bank, it is MUCH easier to follow up and get support from the legal system if the bank is in the US. There is just that much more access.

Obviously there are people that are located here and incorporated in the EU, but disputes with EU banks are much harded to solve, and the banking regulations in the EU are sometimes very vague and complex.

We work with EU banks as well. I was putting out this statement because this US solution is a particularly good one, but I do have EU solutions currently, (and in about 30 days or so I am looking at having another couple of brand-new solutions over there).

Sounds good.

I know someone who will want to contact you :thumbsup

BTW-do you have a phone number??

No Problem. I can be reached at ANY time at the following number:

+1 954 650 5789

Thats' my mobile and I get calls from everywhere, anytime on it.

From experience, the most popular time to call me is just after appetizers, with the entree cooling on the table in front of me, and a really hot girl across the table, who goes from happy to bored to pissed off; and finally leaves after listening to me talk about business for 40 minutes!

But, hey! (shrugs), somebody has to pay for the Pina Coladas!

:thumbsup

Perfect.... I will tell them to call just at that time :1orglaugh

BTW Darren, Do you have a US corp also? Would you want a US account for that corp? Like I said, we can do EU also, but do you have an interest in a US one?