Card Processing Solution for Subscription Payments (Individuals)

[frodo92]

Hi everyone,


I'm looking for a card payment processor for a subscription-based site (like first charge is €1, followed by €49 after 3 days).

I need a processor that accepts individuals (not just businesses) and startup clients with no transaction history, as I plan to create multiple accounts to manage a higher chargeback rate (3-5%).

It's also preferred if the payout can be in cryptocurrencies, to avoid the need for creating bank accounts for each processing account.


I'm willing to pay for a good solution.
Any recommendations?

Thank you!

 

[Propeller]

What about Stripe and why would you do any business in your personal name rather than setting up a cheap company for instant UK LTD ?

Also check the mentor group gold (you are a member) here
https://www.offshorecorptalk.com/resources/categories/payment-service-provider.4/

Lot's of good payment processors to get you started.

 

[redeye]

Is there any particular one you find good for subscription payments in this database ?

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[frodo92]

Propeller said:
What about Stripe and why would you do any business in your personal name rather than setting up a cheap company for instant UK LTD ?

Also check the mentor group gold (you are a member) here
https://www.offshorecorptalk.com/resources/categories/payment-service-provider.4/

Lot's of good payment processors to get you started.
Click to expand...

"I plan to create multiple accounts to manage a higher chargeback rate (3-5%)."

No payment processor accepts chargebacks in such a high percentage. As explained, it is necessary to create several accounts with the same payment processor.

You can't create a UK LTD for every few thousand usd collected, until the payment processing account is banned.

 

[uplana]

You need to negotiate with the payment processor regarding the tolerance for chargebacks, refunds, etc. - with high-risk payment processors, they are often willing to pool your transactions with those of other merchants to help lower the overall chargeback ratio."

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[Propeller]

frodo92 said:
No payment processor accepts chargebacks in such a high percentage. As explained, it is necessary to create several accounts with the same payment processor.

You can't create a UK LTD for every few thousand usd collected, until the payment processing account is banned.
Click to expand...

uplana said:
You need to negotiate with the payment processor regarding the tolerance for chargebacks, refunds, etc. - with high-risk payment processors, they are often willing to pool your transactions with those of other merchants to help lower the overall chargeback ratio."
Click to expand...

exactly, that's what I wanted to say.

 

[EliasIT]

As already mentioned here, some of the professional high-risk payment service providers offer to split your revenue into different pools of MIDs so that the overall chargeback ratio is reduced, helping to avoid fines or even account closures.

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[aage]

Propeller said:
What about Stripe and why would you do any business in your personal name rather than setting up a cheap company for instant UK LTD ?

Also check the mentor group gold (you are a member) here
https://www.offshorecorptalk.com/resources/categories/payment-service-provider.4/

Lot's of good payment processors to get you started.
Click to expand...

what company you have in mind here?

 

[brianK]

frodo92 said:
"I plan to create multiple accounts to manage a higher chargeback rate (3-5%)."

No payment processor accepts chargebacks in such a high percentage. As explained, it is necessary to create several accounts with the same payment processor.

You can't create a UK LTD for every few thousand usd collected, until the payment processing account is banned.
Click to expand...

If you want this to work, you'll also need a gateway and your website set up to handle it, I assume you're aware of that. It's pointless to get multiple accounts with the same merchant account provider (MAP).

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Winners never quit and quitters never win....

 

[Propeller]

aage said:
what company you have in mind here?
Click to expand...

I don't know if I can list them here but you may go through the list you linked.