Credit Card/Merchant's
 

I know this probably has been asked many many times before BUT who do you all recommend for a start up pay site for hish risk? Lowest fee's etc?

you have to use a 3rd party until you reach at least 50k/mo in gross volume. I would set up an EU company so you can use CCBill or Paycom EU, because you will regret it otherwise when you want a merchant account -- EU accounts are much easier to get than US accounts

Its not easiert then the US to get an IMA - you still need some capital, you still need to have solid processing history and you still have to be willing to pay some money for set up.

i agree with John

I agree with John, excl. minimal volume for own merchant.
Up to 100k you can use CCBill or Paycom ...

depends where your based. if you want free processing without ISPS fees you can go with https://myvirtualcard.com/presignup.php?id=145 - they will process you without massive startup to get you going. For doing over 20k+ i'd recommend going with CCBILL obviously but the startup is 1500USD to cover fees, well worth it, excellent processor.

https://myvirtualcard.com/presignup.php?id=145 will also process tangibles such as toys, dvds and other things you may wish to sell :D so check it out

Regards,

Consider www.SegPay.com. Certified EU IPSP with the ability to process in multiple currencies. Contact me directly with any questions.

Thanks!!! :thumbsup

Hi -

I don't know where you guys are getting your information from. Paying $1500 is a deathwish, and I'm sorry to say, you got ripped off.

If you have a large site, I'd suggest not using an existing biller - being large, I mean like 10k transactions/mo. I would suggest doing some research and not getting ripped off for buying a merchant account. Even if you have a small site, implementing your own solution would be way worth-while. Pay less than you do with any biller, and get better rates. With third party billers charging in excess of 10%, why would you even consider them when at MOST you'd be charged 5% with a merchant provider - and that's including if you were bankrupt, had not paid taxes in 10 years, and beat your wife. Well maybe not, but you see where I'm going with this.

I purchased my merchant account and payment gateway solution two years ago. I paid a $299 setup cost, with a $0.15 transaction fee from the merchant account, and a $0.10 fee from the payment gateway. The PG also takes an additional 1.92%. "Internet Web Hosting" is a high-risk category which I fell into with these guys. Even with that being the case, my rates are respectable. This was a special through BofA and CyberSource.

I don't see how it's any more "difficult" to get a merchant account solution in the US than it is in EU. They may ask for tax records indicating that you're not a scumbag - but who are we kidding, we all like porn, right? ;)

Any biller charging a god damned $1500 setup fee is ripping you right the fuck off. I don't know why or how these guys get away with it. They don't establish you with a real merchant account. They create a federated account under their name. Think of it as a subaccount of their real merchant account - that they use.

You know, these billers need to make some coin just as any other business does. This is how it works. But they must understand that the money is in the recurring income, not in the high setup costs which they just pocket. Think of the kind of impression that this makes to any new sites just starting up. They'd be completely intimidated and just drop the whole idea. There needs to be a shift to "high volume, low markup".

My *cough* $0.02, har har har.

Thanks!
-dant

Verotel has more billing options than CCBill or Paycom, and they also don't charge the $750 Visa fee.

TicketsClub accounts :thumbsup

What hakkrdan says is not completely correct - at least not with us. We have to pay our acquiring bank 95% of the registration fee we charge for Verotel PRO accounts - what we don't pay to them goes to notary fees and Chamber of commerce fees! Considering the current Visa/MC regs I would imagine that it works the same for most PSPs/IPSPs/Underwriters because the card associations "treat" it as a "real" merchant account.

Now whether we take a risk (mainly for established high volume merchants) we may decide to discount or waive the fee (and pay it out of our own pockets) with the hopes to make it back from processing/recurrings.

:2 cents:

There are no set up fees to get started with www.SegPay.com regardless of your volume :thumbsup

We do require that our merchant have an EU corporation.

Anybody interested in hearing more, feel free to contact me directly.

prepare to pay 750 for visa fees...such bs

Gucci

What do you require to signup? What documents will satisfy it? Thanks!

SegPay will require that you have an EU corporation set up and 2 forms of ID.

Where are you located power182?