Someone know the payment service provider checkout ?

[TurnedToRobot]

I stumbled upon this payment service provider which approved my business Global payment solution for websites & apps | Checkout.com now I wonder if someone know them or have good or bad to say about them?

Please, any input would be much appreciated.

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[MoneyMiner]

Do you used them for your business?

 

[c4labs]

They are really good, go for it.
One of the top psp/acquirer on the market‌ now, they are growing fast.
They accept some mid/high risk merchants for now but it‍ will not the case forever

I can give you a direct contact if you have⁠ some issues with them.

 

[TurnedToRobot]

do you know them for business purpose or have you only read about them @c4labs ?

 

[c4labs]

Complicated to answer as I may be moderated by the admin 🙂

I processed with them‌ for my own websites AND I work with them for some of my clients.
They are a solid PSP, from what I understand, better go now as they might stop‍ to onboard mid and high risk merchants before the summer (especially with the new regulation⁠ in europe)
Do you plan to have some chargebacks? Or your activity is relatively safe?⁤

Ps: @Admin, I dont promote Checkout.com, I answer to the question and topic.
There are better psps and payment partners on the market.
I dont make any money by⁣ saying that checkout.com is a good choice

 

[Nadezda]

Could you please︁ specify what you mean by "the new regulation in europe"?

 

[myhand]

Wonder why people are so afraid of Admin's ban hammer 😀 If you don't promote your‌ own service you will be finepain¤#"!

can you explain?

 

[c4labs]

I was even talking‍ about your service on a different topic 😛

The new regulation PSD2 with the strong client⁠ authentification (SCA)
In a nutshell, it concerns european merchants processing european cards. They will need⁤ to have a SCA (so full 3DS) but it exist exemptions.
You can think it⁣ will not change the landscape for high risk merchants but it will because this new⁢ regulation will also bring new thresholds for chargeback tolerance (before it was the official 1%︀ but unofficially you could reach 4/5% if you know how to manage your volume and︁ cascading)
Considering this huge change, a lot of psps and acquirers are changing a bit︂ the clients they onboard now. They will need to be compliant and manage the risk︃ a bit closer than before. It means that if you have a mid/high risk business,︄ find a good psp asap because the onboarding rules will be different in September 2019.︅

Its a very complicated topic..mostly created by banks and regulators...never good for business 🙂

 

[Kievcash]

I am not sure it is for small volume.

You must open onshore company for‌ card processing, it's not possible for offshore. Regards

 

[TurnedToRobot]

What's not possible for onshore?

 

[c4labs]

Indeed, if you are a merchant contacting them, they require 100k€ volume per month minimum.
If you know them..you can push from 50k€ 🙂

 

[abdulkaddir]

I think they are good.