Payment Processing - 3rd Party Processing Industry

[jonesey2324fw]

Hi there,

I'm looking for some advice on payment processors in a high risk industry.

I have a website in the 3rd party processing industry which most payment processors will not touch, Stripe closed my account and are holding the funds for 90 days. I have reached out to a lot of payment processors and merchant acquiring banks who have said no. However I have found 2 who have said yes but they won't offer us a payout frequency which suits our business and cashflow needs, they are offering weekly payouts plus 3 working days.

Does anyone know if stealth paypal accounts would suit this business model, my only concern is if PayPal hold the money.

Open to any other suggestions.

 

[Martin Everson]

You tried eftglobal?

EFT Global ltd - Safe. Innovative. Transparent.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[jonesey2324fw]

Martin Everson said:
You tried eftglobal?

EFT Global ltd - Safe. Innovative. Transparent.
Click to expand...

Hi Martin, thanks for the reply, I haven't seen this company before, their site is showing as not secure for me. Do you have experience with them?

Thanks

 

[Martin Everson]

jonesey2324fw said:
Do you have experience with them? Thanks
Click to expand...

None unfortunately.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[zahir]

jonesey2324fw said:
Hi there,

I'm looking for some advice on payment processors in a high risk industry.

I have a website in the 3rd party processing industry which most payment processors will not touch, Stripe closed my account and are holding the funds for 90 days. I have reached out to a lot of payment processors and merchant acquiring banks who have said no. However I have found 2 who have said yes but they won't offer us a payout frequency which suits our business and cashflow needs, they are offering weekly payouts plus 3 working days.

Does anyone know if stealth paypal accounts would suit this business model, my only concern is if PayPal hold the money.

Open to any other suggestions.
Click to expand...

Did you found any solution?

 

[jonesey2324fw]

zahir said:
Did you found any solution?
Click to expand...

Nothing as of yet sadly.

 

[Spinat]

What exactly is it you are doing, I mean, what is your business? and you say 2 have approved your business what are the terms you refuse?

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