Review af FiatFlo - we are working with them, but do you have input?

[koohl]

As you can see from the website I have linked below, this is a payment gateway that accepts both FIAT and Crypto as payment methods, with no verification required, just a quick approval process.

We are currently in the process of testing how it works and whether we actually receive funds when the transaction is completed. So far, it sounds promising, I must say.

If anyone has additional insights or experiences with this provider, you are more than welcome to share anything you know about it.

https://fiatflo.com/

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My Journey to successful card processing for Replica, IPTV, Adult and Gaming business.
I keep my journey in the closed forums in Mentor Group for less saturating methods.
Please understand that I don't sell any services or do consultancy, you don't need to contact me about that!

 

[forward]

ehm, just my 2 cents, but isn't it like a honeypot - where if they‌ can withhold your funds at any moment?

or do you know the founders personally

 

[kislokan]

Is it a fiat to crypto on-ramp? If so I have seen other providers with‌ no set up cost and lower transaction fee’s although I’ve heard the decline rates on‍ cards are high. I have not tried them personally

 

[Bruce flea]

Looks very interesting .. Please let us know how it goes

 

[koohl]

try to visit the website and read what they offer 😀

yeah it⁣ can be risky, it's something one has to start slow with, low volume.

 

[forward]

well.. that's how honeypot works .. you start slow and then 5 digit's plus -⁠ your account is deactivated?
unless you know the team/founders personally and have business interactions with⁤ them - it's quite RISKY to say the least.

what kind of processing do you⁣ need? unlicensed forex ?

 

[fintechwizard]

Just my 2cts, but any serious PSP should have legal mentions on its website, none‌ of the page works from footer : no information on legal entity, jurisidction, terms of‍ service and compliance policy...

 

[daniels27]

Unless it is only for money⁠ laundering and the like.

 

[forward]

but then they don't need the public website, so it's more of a honeypot/scam in‍ order to attract the merchants or other type of shady merchants who're looking for the⁠ non-kyc processing.

 

[daniels27]

Could be anything. Maybe they pay out for years until they get caught, maybe they‌ never pay. I would not use them but I am not in that kind of‍ business that needs it. But if you have such need, I guess you may lack⁠ alternatives and then it could be worth a try.

There is not much difference between⁤ such processor and some small factory somewhere. Both don't build a brand and probably don't⁣ rely on reputation. Suing costs t too much and more often than not, there isn't⁢ much to take.

Hence, you should only let them have as much as your are︀ willing to lose and you should remember that nobody will take a run as long︁ as they think they will get more from you later on.

 

[kislokan]

I have been told by others in the ecom biz that fiat > crypto gateways‌ are unreliable. Like I said in my earlier post that got deleted 🙄

 

[Houdini]

That's quite a broad statement. I've also heard from others that Donald Trump‍ is an idiot, but that doesn't necessarily make it true.

There are many services that⁠ can accept fiat and convert it to crypto, and some of them are actually quite⁤ reliable, not all of them are bad.

The same applies to traditional payment processors. There⁣ are thousands of resellers and scams, but at the same time, there are just as⁢ many completely legitimate businesses that operate like clockwork within the payment service provider industry.

 

[kislokan]

I don’t think it is a broad statement in the context of this⁢ thread because the OP is looking for processing for high risk/grey area. If you have︀ had success with any of them would be interesting to know.

 

[daniels27]

If you ask me, such company which has no KYC and pays out crypto while‌ accepting credit cards will sooner it later close. It honestly screams for fraud and bs.‍ Why not open an account, pay yourself money, get crypto and then do chargeback after⁠ 539 days?

Of course, it works if you only process for your brothers. But with⁤ a public website where criminals can sign up freely? Honestly, even EMIs are getting way⁣ too much sign ups from money launderettes.

 

[sknomad]

This business is combination of amateurism and money launderig.
Keep hands out.

 

[Simon4466]

Personally I think the site looks like it was made with v0 in a few‌ minutes and none of the footer links function. I am quite skeptical but let us‍ know how it goes.

 

[sknomad]

Even ir it will work, I⁠ would never transfer to or have transfered to me any money from entity anyhow connected⁤ wirh money laudering.
Have found any connection between you and money launderers by investigation authority⁣ is something what you really do not want to experience in a civilized world.

All financial institutions share list of money launderers and people connected in any way to noney⁢ laudering. Be on this list means total denail of financial services.

 

[koohl]

It's a 100% scam. They are really good actors, just dancing around and playing along‌ with you. We only paid $100 to test the system, but shortly after, they tried‍ to push us onto their $10,000 plan. We played along for a bit but ultimately⁠ decided to cut it off.

There is no integration guide or any API to connect⁤ to, in my best judgment, it's nothing more than a scam.

 

[kislokan]

Have you tried https://paygate.to ?

 

[koohl]

thread is about fiatflo, thanks.‌