Merchant Accounts
 

With all of the EPASS, and Paypal dramas, let's cut to the chase. Who are the solid recommendations for those looking for merchant accounts? Whether you are looking for adult (high risk) or mainstream. I know I could use one for mainstream.

Those doing merchant processing, fire away with the minimum requirements people need to know, as I am sure there are plenty of programs among others interested at this point. Minimum transactions, application fees, etc.. Whatever you think would be useful for those who should be considering this option.

Fire away ladies.
:helpme

Nice. I am looking forward to these responses.

Had an account with http://www.moneris.ca/ in the past, and can highly recommend them. Excellent company. Then again, it's owned by the two largest bank in Canada, so go figure.

Easy application process, about $700 to get setup with both VISA & MC, excellent customer service, funds are within your bank account usually 48 hours after a card is charged, etc. They're great!

Not for adult though, but for mainstream.

i use best payment solutions for both my adult and mainstream operations, i've used them for 8 years now for adult. netbilling hooked me up with them back then, i believe it was $100 and checking my credit, some paperwork, which was no big deal. business checking account required. all subsequent merchant accounts i've gotten through them have not cost anything, not as much paperwork and the approval was based on my outstanding transacting record i've had with them.

i will also add that i originally tried to get subsequent merch accounts via netbilling and they dropped the ball each and every time. don't get me wrong though, netbilling has always been there as my gateway, but their sales crew not so much.

Great feedback guys! That is what I was looking for. The solid experience recommendation.
:thumbsup

Yep Moneris is good we use them

Another quick 2c: http://www.authorize.net/ and their world-wide sister-company http://www.planetpayment.com/ are horrible. Actually, they're decent, but I'd never use them, mainly because of the payout schedule. Can take up to 6 weeks to receive funds, plus they keep a 10% chargeback reserve (or at least they did when I used them), which they release every 6 months.

Ends up being a pain in the ass if your business is expanding very quickly, but various things get stalled due to the fact you can't invest your own money for up to 6 weeks.

We have relationships with many banks.

Simple Merchant Accounts

We accept all business's including "high risk" merchants like Porn sites, Escort sites, Gambling sites, Dating sites, Pharmacy sites

Fast Approvals, 98% acceptance rate
Low rates and fees
Never Any Hidden Fees or Add-on Charges

http://simplemerchantaccounts.com/apply.php

We are a USA based company out of Atlanta. Offshore accounts are possible.

2CO, Kagi for non-adult.

Sounds good buddy. I had never heard of your company until now. Hopefully you snag a few EPASS refugees.
:winkwink:

Awesome info!! :thumbsup

Hello Guys,

We provide merchant accounts and gateway services both in the USA and Europe. We are connected to multiple banks, so for sure something matching your needs can be found. All the requirements are straight forward and fees very competitive (no hidden charges). Money is being paid out directly by the bank to your bank account on weekly basis.

High and law risk accounts are possible. Adult, dating, gaming, software, astrology and many more.

I am available for any further remarks or questions, so you can send me an email or PM.

Lucas

I added you to ICQ. I can give you some information on a merchant account.

Hi Supz,

Nothing arrived on ICQ yet. Lets wait a bit or just send me your email and i will explain all there.

thx!

L

sorry, understood wrongly. My bad!

if you need a mainstream processing account you just can go to your bank.

I'll keep an eye peeled for your ICQ.
:pimp

If they offer that. Some do, some do not. I had researched that avenue in the past.

omg weve had so many problems with merchant accounts, just sticking with ccbill for now.

While this is not universal, nor encompasses everyone (country, your credit, etc.) this appears to be some decent base line information for your pleasure.

Needed:
1. Good Credit.
2. Utility Bill.
3. Up to 6 Months of Transaction History.
4. Business Bank Account to Dump Funds Weekly.
5. Business Set up (comes before #4, but you get the idea).
6. Tax Return(s)
7. Passport if You Have One

If you have bad credit or other complications then you may be asked for a deposit, pay set up fees, higher rolling reserve amount either in percentage or dollar amount, deposit time may be longer than a week, or more financial information required.

Ive had mainstream processing before it wasnt that complicated. Got our socials ran a credit report, asked about the biz (it was clothes)and then we had it.

Will you be in Amsterdam this month Lucas?

what kind of rates do you guys get on those merchant accounts for mainstream products? (I mean what % cut do they take)

That seems to vary depending on the merchant bank, your credit, & volume or transactions.

what's the ballpark figure or range though? 2-5%? 5-10%?

If you have good volume, and credit, it seems to be in the 2-5% range depending on the bank.

2.4% + per transaction fee of ~.20c + monthly fee. they will also try and hit you for non-compliance fees, etc. just pay attention to everything they send in the mail.

I'm a payment consultant who works with several high risk verticals including adult. I only work with both domestic (US) and international financial institutions providing direct to merchant account solutions, no aggregate/IPSP models.

I can place you with direct providers if you're doing $25K or more per month in volume. I also have relationships with gateways that integrate with my financial institutions who provide re-bill, affiliate, customer service and risk management capabilities.


You can reach me at:

ICQ: 601750183
Skype: MobiusPay
Twitter: MobiusPay

Please feel free to get in touch with me for a link to my resume page on LinkedIn.com so you can review my experience in the acquiring industry.

Hi Barefootsies,

Nice thread.

L3 Payments specializes in both direct merchant accounts for credit cards and ACH. We work with several banks world wide in the US, EU, and LAC regions.

Requirments vary from bank to bank and region to region. In a nutshell, our banks in the US and LAC like to see at least 3mo. processing history. In the EU our bank likes to see 6mo. If this is a totally new venture with no processing history, then a business plan is a prerequisite.

We also do not get involved with your monthly settlements.

Where we place you depends on what your business model looks like and what region(s) make the most sense.

I am more than happy to take a look at anyone's current deal and go over that with you, to make sure you are getting a fair shake.

In closing, we have banks for both mainstream (don't take adult) and high risk.

Poppy, what's your monthly fee and the per transaction fee? i have STELLAR processing history, years and years.
i doubt you could go any lower than my discount rate, but hey, if you can........

Typically if you go directly to the bank the rates are not that good. I sent you a msg on icq. You can hit me up.

224758164

Hey dyna mo,

Fees and rates vary from bank to bank. Volume and past processing history come into play. That being said, you mention you have stellar processing history, which is great and you should be commended for that.

My contact info is below to discuss further. I would rather contact you, so please PM me or leave your contact info here.

use best payment solutions for adult and mainstream operations, direct merchant account with the best billing solution. we have connections with many banks..all great rates , easy and secure.
ill be in BCN and Ams as well
for details , contact me

Ill be in BCN and Ams as well. lets meet up and ill be happy to provide you with what we offer here at Netpay . . including our new solutions for European ... debit solution.
hit me up.

Hey There,

Maxpayments is a mainstream high risk processor who also caters to the top adult programs. Why don't you call or email me and we'll get you all the details.

Looking forward to hearing from you. :thumbsup

Sincerely,
Leslie

Check out PayPrin, see sig. Over 15 years experience in both payment processing and Risk. We work hard to keep chargebacks down!

Hey Barefootsies!

Here are some answers to your questions

Question: Who are the solid recommendations for those looking for merchant accounts? Whether you are looking for adult (high risk) or mainstream. I know I could use one for mainstream.

Adult Banks: Merrick is always solid; if you already have urls registered with CCbill you can not recycle those url's and apply with Merrick. With that said, you still have Bank Of Delaware, Humboldt and Harris Bank. Offshore is a different Beast and another conversation... But I have banks for offshore too : )

Mainstream- you have more choices- NPC, Merrick, Moneris, Applied, Bank Of Delware, Harris, Capital Bank Card, Wells Fargo, Chase and Merchant E-Solution

Question:Minimum requirements people need to know, as I am sure there are plenty of programs among others interested at this point. Minimum transactions, application fees, etc.. Whatever you think would be useful for those who should be considering this option.

Most of my mainstream banks do not have a minimum requirement for transactions or volume. They are more concerned about CB's then they are about volume.

For adult Merrick, Delaware and Harris like accounts to be over $30,000 to $50,000 with 3 to 6 months of history.

To apply for any merchant account you need a Tax ID and Corp papers, business bank account with voided check or bank letter, ID or Passport, 3 to 6 months processing statements and or business plan (if new business) and proof of address.

Once the account goes into underwriting they generally will ask for 3 to 6 months of business bank statements. 1 to 2 years of P & L or tax returns. They will also pull your credit. (yeah it's like buying a home...)

Bank Fees

Application fee are never more then $25.00 and you never get charged unless you are approved

You may see a Visa High Risk Fee for Adult, this fee is around $1500 and ONLY a one time fee.

Next step is picking your gateway. I suggest shopping around and finding a gateway with low transaction fees and around the clock service. Don't worry about the monthly fee as much, As you run more transactions and that's what adds up. I prefer DHD as a Gateway. They are integrated into most of my banks and I have heard nothing but great things about them.

When having a merchant account you are charge interchange, + a rate (%) and a transaction fee. You will also be charged per chargeback and refund. These fees are always listed on your application.

You are still generally paying lower then an IPSP at the end of the day... The real benefit to a merchant account is you are now storing you own credit card data. you are able to move rebills and now hosting your own join page. You will also see a increase in your conversions with your own merchant account. Your know have control of your billing.

I hope that helps, you know were to find me if you have questions :)

My Best,