USA MID no hope? Solution...?

[magicD]

Hi Offershorers,

Many of you may know, I have a nutra biz I've been trying to get started for the US market sometime now.

I require MOTO MID new startup. I managed to get a bank account and set up my LLC over a year. Due to being rejected many times for local US merchants, I gave up.


I just recently set up a MID in UK (setting up a corp and bank account) with Elavon who were happy to set up my biz and target the USA (MOTO). My only concern now (if anyone knows this), what type of decline rate could I expect from only USA card holds (banks)?

Also, seeing as my biz is high risk (so I keep being told), from your experience does Elavon work with these types of businesses

I keep getting told, they won't be any declines unless the customer/prospect doesn't have any funds in their account.

 

[JohnLocke]

Please post a URL to Elavon, never heard about them.

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[magicD]

Here you go: Merchant Services | Elavon

This is Elavon from UK tho

Does anyone know what a typical decline rate could be?

Last edited by a moderator: Jan 22, 2019

 

[niggashit]

magicD said:
Hi Offershorers,

Many of you may know, I have a nutra biz I've been trying to get started for the US market sometime now.

I require MOTO MID new startup. I managed to get a bank account and set up my LLC over a year. Due to being rejected many times for local US merchants, I gave up.


I just recently set up a MID in UK (setting up a corp and bank account) with Elavon who were happy to set up my biz and target the USA (MOTO). My only concern now (if anyone knows this), what type of decline rate could I expect from only USA card holds (banks)?

Also, seeing as my biz is high risk (so I keep being told), from your experience does Elavon work with these types of businesses

I keep getting told, they won't be any declines unless the customer/prospect doesn't have any funds in their account.
Click to expand...

Elavon is great and they are direct processor of US Bank (usbank.com). I just having 5 hour deposits with them.

About high risk, Whats your business type? Vantiv support high risks as per my knowledge. Chase has highest declines. I have to click and approve every payment. Wells fargo has highest card approvals.

magicD said:
Hi Offershorers,

Many of you may know, I have a nutra biz I've been trying to get started for the US market sometime now.

I require MOTO MID new startup. I managed to get a bank account and set up my LLC over a year. Due to being rejected many times for local US merchants, I gave up.


I just recently set up a MID in UK (setting up a corp and bank account) with Elavon who were happy to set up my biz and target the USA (MOTO). My only concern now (if anyone knows this), what type of decline rate could I expect from only USA card holds (banks)?

Also, seeing as my biz is high risk (so I keep being told), from your experience does Elavon work with these types of businesses

I keep getting told, they won't be any declines unless the customer/prospect doesn't have any funds in their account.
Click to expand...

It's not really about decline. It's about frauds happen in US. Banks afraid of liability. In US most users are using credit cards and debit cards are rare. In EU it's opposite. Crazy world.

Last edited by a moderator: Jan 22, 2019