award-winning question, how to accept huge payments from physical cc?

[ballot]

Hi, if i can get any helpfull answer i will reward with 250$,
i want to know if there is any way to accept credit card payments without any problem and huge amount, 10,000$ each transaction and monthly around 5 million dollar,
they are not stolen illegal or something else,
1- how to accept payments from these cards in easiest way,without facing any problem with banks
2- what can be comission rates?

also let me clarify that , i already can cashout from as cash but it has a daily limit and takes %4.

 

[lookingforward]

Not a pro in this but in my thoughts are couple ecommerce shops that sell rolex can fix that

 

[VBMP]

It's better to cashout them from ATM since it only takes 4%, because if you are going through card gateway the fees will be much higher.

 

[void]

I know about cards that can give you 10k a day from ATM without any fee (and even more maybe), however this is not your case from what I understand. You have a specific card and want to spend a big amount regularly?

 

[ballot]

lookingforward said:
Not a pro in this but in my thoughts are couple ecommerce shops that sell rolex can fix that
Click to expand...

they are not open to online payments.

VBMP said:
It's better to cashout them from ATM since it only takes 4%, because if you are going through card gateway the fees will be much higher.
Click to expand...

its %4 in other countries like georgia , russia, its some risky and hard to move the my legal money to my own money lol. and it takes 10 days to cashout fully a card.

void said:
I know about cards that can give you 10k a day from ATM without any fee (and even more maybe), however this is not your case from what I understand. You have a specific card and want to spend a big amount regularly?
Click to expand...

well, banks says we dont have any comission but we still pay %4, i am not sure that comission rate related with the fee of visa or fee of the bank of the card's.

 

[Willblack]

1. Come to Bulgaria, set up a company that sells IT services and get a POS terminal.
2. Your clients should set up a company as well, something that...well...makes sense to use a lot of IT services.
3. Invoice your client's company for as many 5 figure amounts as you want which they will pay with the CC at your POS terminal.

There is no other secure way to do it that I can think of, which also would end up costing less in the long run.

Your other option is the following:

1. Your client buys physical gold bars with the credit card and somehow ships them to you (lol).

 

[Gediminas]

ballot said:
Hi, if i can get any helpfull answer i will reward with 250$,
i want to know if there is any way to accept credit card payments without any problem and huge amount, 10,000$ each transaction and monthly around 5 million dollar,
they are not stolen illegal or something else,
1- how to accept payments from these cards in easiest way,without facing any problem with banks
2- what can be comission rates?

also let me clarify that , i already can cashout from as cash but it has a daily limit and takes %4.
Click to expand...

What kind of business are you in? If it's legit, I might be interested to look at your case.

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