Only problem with SOAR is that it is available to US clients only:
High Risk Payment Processor for IPTV, Replica and Gaming - Sort it out.
- Thread starter koohl
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It's not a problem! You need a US LLC, staff in the company, and an office - as many readers of this thread or those who follow me here know, I represent an organization with both financial backing and a comprehensive team.
We have several strategically placed companies worldwide with subsidiaries. Getting an EIN and SSN for use in contracts like merchant account agreements or with banks is a natural part of accessing financial tools in the USA. We have these in place. However, this discussion is not relevant for testing a payment processor. I'm not describing what you need to open an account; I'm︀ briefly sharing my experience using a specific service.
That's all I'm addressing.
We have several strategically placed companies worldwide with subsidiaries. Getting an EIN and SSN for use in contracts like merchant account agreements or with banks is a natural part of accessing financial tools in the USA. We have these in place. However, this discussion is not relevant for testing a payment processor. I'm not describing what you need to open an account; I'm︀ briefly sharing my experience using a specific service.
That's all I'm addressing.
We have a business where we sell memberships and people can download software that we have developed. Our current revenue is approximately 380,000 euros per month. We use Stripe and PayPal but would like to switch to our own merchant account.
When we ask the payment processors, they say that we fall into the high-risk segment, which seems strange given that Stripe and PayPal have been processing transactions for our business for over a year and a half.
Does anyone have suggestions? We are willing to pay up to 10,000 euros to the person who can get us approved by a merchant account provider (MAP)︀ with conditions no worse than our current ones.
When we ask the payment processors, they say that we fall into the high-risk segment, which seems strange given that Stripe and PayPal have been processing transactions for our business for over a year and a half.
Does anyone have suggestions? We are willing to pay up to 10,000 euros to the person who can get us approved by a merchant account provider (MAP)︀ with conditions no worse than our current ones.
You may want to check the resource database
https://www.offshorecorptalk.com/resources/categories/high-risk-merchant-account.15/
Also when we were looking for a replacement to accept cards again we fall under the same category as you do. There are payment processors willing to take on such business but the fees are simply to high, at least for us.
https://www.offshorecorptalk.com/resources/categories/high-risk-merchant-account.15/
Also when we were looking for a replacement to accept cards again we fall under the same category as you do. There are payment processors willing to take on such business but the fees are simply to high, at least for us.
I have found two good high-risk processors in the database you have. They were difficult to open an account with, but after a long process, it was well worth the effort. It's now been a year or two since I last had access to the lists, so I will see if I can find more useful ones.
Sorry, but I can't because I have a team that I work closely with. Our businesses are spread across many areas, and I don't have the resources to help others beyond what I write here in the thread.
My advice to everyone is to go through, among other things, what you can find in the Mentor Group Gold directory and also search on Google for similar processors. Take one by one and complete the entire application process. If one fails, write down what you can find out about the reason and then improve your entire︀ setup. That's how I arrived at our setups, which have been running smoothly for the︁ last six months.
My advice to everyone is to go through, among other things, what you can find in the Mentor Group Gold directory and also search on Google for similar processors. Take one by one and complete the entire application process. If one fails, write down what you can find out about the reason and then improve your entire︀ setup. That's how I arrived at our setups, which have been running smoothly for the︁ last six months.
Do you︁ have tried other processors where you want to share your experience with us? I have︂ been following your posts some time.
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