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 ?

 

[frodo92]

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.

"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."

 

[Propeller]

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.

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."

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.

 

[abt89]

Hi

Hi Frodo,
I have been in this space for quite some time now. I can help you find banking partners and also help in terms of any of the operations and logistics of getting more merchant accounts and going wide with payment routing in order to mitigate the chargebacks - so you can have more longevity with your merchant accounts. Let me know if you want to connect?

,

 

[aage]

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.

what company you have in mind here?

 

[brianK]

"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.

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).

 

[Propeller]

what company you have in mind here?

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