Anyone interested in High Risk Payment Processing?

[yngmind]

Hey everyone, I'm conducting some market research and wanted to know if anyone is interested in high-risk business payment processing at reasonable rates, e.g., 5-6%, with a 10% rolling reserve for 6 months.

My friend has been in this business for 10 years, primarily working with gambling businesses, but they're open to working with other business models as long as you have high revenue.

They are professionals and they work with the biggest brands, and they process millions of $ daily for them.

This is mainly for the EU market, Latam, India, so if you're interested and have a business that requires EU payment processing with settlement in USDT, comment in this thread, and I'll send you a DM. We can discuss your project, and if it's a good fit, we'll send you an offer.

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[frodo92]

I need for EU with USDT payment but as individual, not company.

Can you help me?

Thank you!

 

[yngmind]

frodo92 said:
I need for EU with USDT payment but as individual, not company.

Can you help me?

Thank you!
Click to expand...

Do you run some kind of business and you have volumes?

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[frodo92]

With card payment not yet.

For the last few years I've been doing affiliate marketing but now I want to try the membership option with card payment.

I don't have trading volumes yet. I need a payment processor to make them.

 

[yngmind]

frodo92 said:
With card payment not yet.

For the last few years I've been doing affiliate marketing but now I want to try the membership option with card payment.

I don't have trading volumes yet. I need a payment processor to make them.
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I don't really think you can be onboarded. This service is mainly for businesses who are interested in high-risk payment processing, like gambling, forex businesses, and established ones with volumes so they can get a good rate.

Not only cards, btw, there are lot of local payment methods available.

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[ActionMan]

a competitor in the space, nice!

just joking,

t's good you've expanded your business @yngmind some of my clients already used your chase bank service and they were satisfied with it.

Glad to see you offering more! looking forward to see more happy clients of yours!

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Payment Processing ✓ | Offshore Bank Accounts ✓ | â‚¿ Crypto On-Off Ramping Services ✓ | High-Risk Industries ✓​

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[frodo92]

yngmind said:
I don't really think you can be onboarded. This service is mainly for businesses who are interested in high-risk payment processing, like gambling, forex businesses, and established ones with volumes so they can get a good rate.

Not only cards, btw, there are lot of local payment methods available.
Click to expand...

That's exactly the problem, everybody wants volumes, transaction history. Everyone has to start somewhere, though.

 

[JohnLocke]

You already have an advertising thread, and this thread is considered hidden advertising for you and a third party who is not even a member here.

In principle, the thread should be deleted, but I have moved it to the Mentor Group Gold. You are entitled to one advertising thread at a time.

If you feel the need to discuss the decision, you can send a DM or use the contact form.

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[diro]

Always interested in real high risk payment processing firms not scamming merchants.

 

[yngmind]

diro said:
Always interested in real high risk payment processing firms not scamming merchants.
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Have you ever had a bad experience with high risk payment processing?

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[JohnnyDoe]

yngmind said:
Have you ever had a bad experience with high risk payment processing?
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Of all types, from processors just running away with the money without ever making a payment to stolen security deposits. In the best cases after some time of good service the processor died claiming to be no longer able to process visa or mc.
I used a lot Qwipi and Awepay among those I remember.

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[JohnLocke]

yngmind said:
Have you ever had a bad experience with high risk payment processing?
Click to expand...

I can relate to this. 18 years ago, I co-founded a payment processing service with two business partners. We grew fast, hired programmers, directors, salespeople, and risk managers pretty quickly. Everything was going smoothly, and within two years, we hit nearly 50M EUR in annual volume and around 3M EUR in profit.

We had a close partnership with one of the top high-risk processors at the time, managed out of the U.S. but processed in the Philippines. Then, all of a sudden, everything just stopped - the money stopped coming in. We kept chasing it, but before we knew it, the whole company vanished like it never existed.

We also worked with a company in Lithuania that could process almost anything back then. But we got scammed by a merchant for almost 1M EUR in just one month, which resulted in all our merchants' funds being frozen. Then Lithuania decided to fine us for everything processed, which added up to about 5M EUR.

That pretty much led to our downfall. There's a lot more to the story, but it's boring, and it's all in the past now.

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[JohnnyDoe]

There's money to be made in the sector, but it seems that the exit model is the rug pull 😕

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[ActionMan]

JohnnyDoe said:
There's money to be made in the sector, but it seems that the exit model is the rug pull 😕
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There is some truth to that, but there's also the other side””fraud. It's frustrating. I had a Chinese client who was processing thousands of dollars daily, spending around $20-30k on advertising each day. Everything was running smoothly until it wasn't. They started engaging in outright fraud, failing to deliver products to customers. Our compliance team began asking basic questions about their operations””things like order fulfillment processes, order details, tracking numbers, and courier receipts. They had none of this, only generic "order information" with no invoices or shipping details.

We had to cut ties with them, and similar situations have happened with other clients in this space. It's a real pain, and it damages the entire industry. Chargebacks are preventable””invest in proper customer support, avoid fraudulent practices, and everything will work out.

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One-Stop Solutions​

Payment Processing ✓ | Offshore Bank Accounts ✓ | â‚¿ Crypto On-Off Ramping Services ✓ | High-Risk Industries ✓​

Let's connect: DM me on Telegram HERE

Russian, LATAM and MENA : SBP, Visa/MasterCard/JCB/MIR?/wallets available | local OTC/e-wallets available per request.​

 

[yngmind]

ActionMan said:
There is some truth to that, but there's also the other side””fraud. It's frustrating. I had a Chinese client who was processing thousands of dollars daily, spending around $20-30k on advertising each day. Everything was running smoothly until it wasn't. They started engaging in outright fraud, failing to deliver products to customers. Our compliance team began asking basic questions about their operations””things like order fulfillment processes, order details, tracking numbers, and courier receipts. They had none of this, only generic "order information" with no invoices or shipping details.

We had to cut ties with them, and similar situations have happened with other clients in this space. It's a real pain, and it damages the entire industry. Chargebacks are preventable””invest in proper customer support, avoid fraudulent practices, and everything will work out.
Click to expand...

That's why most of those companies only work with gambling.

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[Finshark]

Interested, DM pls

 

[cuno]

You will find thousands of users interested in a solution, and you can probably also cobble together some kind of solution that you can then try to offer as a business. But! On both sides of the coin, there are risks - On your side as a provider, there are scams and merchants trying to cheat you - On the merchants' side, the risk is enormous that either you or your subcontractor closes all accounts and runs off with the money.

It is naive for both partners to believe that such a business can be run without an obvious and transparent organization behind it.