How common are Payment Processors that settle in NFTs?

[industriasinfinito]

I would like to see how easily one can get a high risk payment processor that does minumum KYC, and settles in USDT .. is that actually the monitority? should these be my objective for a high risk business?

I have an offer of 9% plus %2.5 for settlement in USDTA using 3ds and iam not sure how to compare it with the industry.

 

[BigUnicorn]

Could you PM the current provider you've the offer from?

Also you're confusing NFTs with‌ Crypto/Stablecoins with the title of the thread, they're not the same thing.

 

[Sols]

The proposed pricing is a little high but reasonable if you're a new market entrant‌ without connections.

 

[industriasinfinito]

Hello, my bad. I meant USDT only. I have to pay an introduction‍ fee of $2k (which yes, it doesnt seem a little high) and iam trying to⁠ establish first if its worth it. I dont have a single processor yet.

 

[jafo]

I would evacuate right away. Paying introduction fees is a no-no‍ to me. Of course, YMMV.

 

[Sols]

Completely normal in this particular industry. A few grand‍ for an intro to the right people can unlock millions in revenue.

 

[jafo]

I don't doubt this.‍
On the other hand, I am just painfully conscious/aware that I am NOT smart enough⁠ to be able to distinguish between a real deal like the one you described above⁤ vs. one like this: Advance-fee scam - Wikipedia.

So, erring on the side of⁣ caution, I avoid them all.

Akin to why I don't play golf for money. I⁢ am painfully conscious/aware that I suck at golf, so the chances that I would play︀ against someone else who is worse than me and beat them, are non-existent, so I︁ don't play for money. 🙄

 

[Sols]

Happy to coach you. Just go ahead and pay this 4,000⁤ USDT advance fee and we'll tee off as soon as I get the funds. 😉

 

[JohnnyDoe]

that’s why handicap exists, and why so many “scratch golfers” run⁤ away when money is on the table.

But it’s always advisable not to bet on⁣ anything.

Unless you are Phil Mickleson: Phil Mickelson Updates Fans On Past Gambling Issues In⁢ Heated Twitter Exchange

 

[jafo]

100% this! I'm glad I never had the gambling bug. Actually, the ONLY thing I am‌ addicted to is work. I'm a workaholic! I find pleasure and relaxation ONLY when I‍ am working. It's so weird 🙄

 

[kilianvelar]

hello what is the payment processor⁣ please ?