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Suleman123

New member
Hello guys please I need your help

I don't want a money wallet. What I want is to be able to let other merchants process payment from me. I want to be able to let others accept payment just like Stripe, or checkout. I basically want to have or build a payment processor or payment gateway of my own. Which agency can help out with this
Thank you
 

clemens

Corporate Services
Mentor Group Gold
Agency won't be able to help you. From your post I read you have zero knowledge about what it is you want to setup!

Back in the 00 it was simple to setup such a company and business, today you will need lot's of money, reputation and people with knowledge in the field.

But let's take the basics and let me ask you some questions.
What's your budget to set this up ?
Have you heard about PCI compliancy?
What's your experience in the business?
Do you know about Risk Management?
Do you have a network in the financial sectors that goes worldwide?
What are your skills, I mean what are you best to?

If you answer these questions you may get some better answers in this thread, otherwise you will attract alot of nonsense posts!
 

Suleman123

New member
My budget is $1k.
Yes I know about PCI compliance.
Yes know about Risk Management.
No network in the financial sectors yet on it
 

sdip

Mentor Group Light (Private use!)
Hello, 1K seems extremely little to me and I am totally ignorant, but I am interested in knowing what the real cost of setting up a payment gateway is, is that possible? a clone of Stripe or something similar, I have seen many very basic payment gateways that are scary to work with
 

Sols

Staff member
Mentor Group Gold
My budget is $1k.
You need at least 10x that amount, and that's if you can do a lot of it yourself and don't need to hire anyone or outsource anything.

More like 100x.

Yes I know about PCI compliance.
Then you would know that a PCI audit (which is required) costs way more than 1,000. Depending on complexity and which audit you go with, a PCI Level 2 audit can cost anywhere from 10,000 to 100,000 or more.

No network in the financial sectors yet on it
Then why would anyone use your gateway? What can you offer that others can't?
 

sdip

Mentor Group Light (Private use!)
You need at least 10x that amount, and that's if you can do a lot of it yourself and don't need to hire anyone or outsource anything.

More like 100x.


Then you would know that a PCI audit (which is required) costs way more than 1,000. Depending on complexity and which audit you go with, a PCI Level 2 audit can cost anywhere from 10,000 to 100,000 or more.


Then why would anyone use your gateway? What can you offer that others can't?
you know who can do this job ? and the final cost of a project of this type is obviously approximate , and perhaps I am asking too much .
 

Sols

Staff member
Mentor Group Gold
you know who can do this job ? and the final cost of a project of this type is obviously approximate , and perhaps I am asking too much .
It depends on what you want to do exactly. What kind of payment processor do you want to be. Do you need a license? Who are your customers? What can you do that no one else is already doing? Do you have the necessary connections in the banking and payment processing industry?

In any case, I wouldn't do it without at least a few hundred thousand in cash for a basic payment gateway. That gives you the budget to hire a couple of very good, experienced developers and fill some other key positions.
 
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