Payment processor and cryptocurrencies

[Xamilow]

Hello good day. I have an LLC, Mercury bank account, and am thinking of implementing Stripe.

My idea is that they buy products on a page with legal products. And they receive cryptocurrencies.

The objective of this is to have the price of the coins much cheaper due to a ban in my country.

Sounds like a good idea? Do you think it will work? I accept criticism and advice.

 

[JohnLocke]

Xamilow said:
My idea is that they buy products on a page with legal products. And they receive cryptocurrencies.
Click to expand...

It's a way of camouflage an exchange business ?

Toggle signature

>> Unlock the Power of OffshoreCorpTalk: Become a Member of the Mentor Group Gold <<​

Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community

Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[Xamilow]

James Spader said:
It's a way of camouflage an exchange business ?
Click to expand...

Yes, I receive the money in dollars. They receive the cryptocurrencies.

I am left with a good profit.
I know there are risks, that's why it's only for a very selected group.

 

[CaptK]

What country are you in?

 

[startfleetio]

Very risky business. Good luck!

 

[JohnnyDoe]

Xamilow said:
Yes, I receive the money in dollars. They receive the cryptocurrencies.

I am left with a good profit.
I know there are risks, that's why it's only for a very selected group.
Click to expand...

Good idea. Just make sure you do a proper checkout and actually ship the product if you receive a test order from the processor

Toggle signature

@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[NicolasMaduro]

How would you do it if someone chargeback their payment and say they didnt receive their package?

 

[JohnLocke]

NicolasMaduro said:
How would you do it if someone chargeback their payment and say they didnt receive their package?
Click to expand...

that is always the way they sooner or later find out what it is you are doing!

Toggle signature

>> Unlock the Power of OffshoreCorpTalk: Become a Member of the Mentor Group Gold <<​

Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community

Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[Xamilow]

CaptK said:
What country are you in?
Click to expand...

Argentina

NicolasMaduro said:
How would you do it if someone chargeback their payment and say they didnt receive their package?
Click to expand...

I will have the personal information of these people.

James Spader said:
that is always the way they sooner or later find out what it is you are doing!
Click to expand...

I know, I'm thinking about it a lot. I have to protect myself more, I could even know the exact location of where they live.

What do you think of WooCommerce Payments?

Last edited: Feb 20, 2022

 

[uplana]

Xamilow said:
I will have the personal information of these people.
Click to expand...

it won't help you, as soon as the CB hit's your account chances are they will investigate it and figure out what you are doing!

Xamilow said:
What do you think of WooCommerce Payments?
Click to expand...

it is a plugin as far as I know not a payment processor?!

Any payment processor that you can fool to approve your business will work for you until the day you get hit by an CB!

Toggle signature
Find help to the ultimate anonymous setup on OffshoreCorpTalk - Tried, Tested & Works
Need help to get things done, ping me inside the Mentor Group Gold forums.

 

[JeffBesos]

How will you get stripe to accept processing your sales? You need the website fully setup and possibly prior sales?
I am not sure how that works, I got denied by Stripe a few years ago. I might try now that I got solid foundations.

 

[JamesDonkey]

Xamilow said:
My idea is that they buy products on a page with legal products. And they receive cryptocurrencies.
Click to expand...

Buy products and receive cryptocurrencies -- how's that?
and what kind of products - physical or virtual?

 

[myshufflemix]

sending physical goods could protect you from chargeback claims. You would easily be able to claim you send a product with proof while the disputer don't tell the truths

 

[clemens]

JohnnyDoe said:
Good idea. Just make sure you do a proper checkout and actually ship the product if you receive a test order from the processor
Click to expand...

that is very important anyway. If you just get one chargeback you are game over.

Toggle signature
One of my favorit articles in Mentor Group ~ Sending money anonymously archieve Financial Anonymity

 

[uplana]

Xamilow said:
Hello good day. I have an LLC, Mercury bank account, and am thinking of implementing Stripe.

My idea is that they buy products on a page with legal products. And they receive cryptocurrencies.

The objective of this is to have the price of the coins much cheaper due to a ban in my country.

Sounds like a good idea? Do you think it will work? I accept criticism and advice.
Click to expand...

did it work out for you as you expected it or did you realize that it wasn't worth it?

Toggle signature
Find help to the ultimate anonymous setup on OffshoreCorpTalk - Tried, Tested & Works
Need help to get things done, ping me inside the Mentor Group Gold forums.

 

[JeffBesos]

second that. stripe charges you , what? 5 % of the total? does it have other fees to withdraw to bank after that?

 

[CoinMaster]

The 5% in high risk payment processing is nothing if you ask me, I have seen processors charge 10%, 20% and even 25% in very high risk business activity. Not to speak about some gray area or illegal business which pay 35% and more!

Stripe is a good mainstream processor for the very small guy. I would never trust such a big company my business.

Toggle signature
Why I choose the Mentor Group Lifetime membership! 😎

SIGNATURE FOR SALE - ACCOUNT FOR SALE - MAKE AN OFFER BY PM

 

[lostguy]

It is possible to find a payment processor. Actually I figured out who CEX is using! They have high requirements but they can, if you know your stuff, open accounts for crypto companies.