I'm in search of an extremely risky payment processor which offers separate merchant accounts as well as payment gateways. My main business is selling medicines online and, in the case of a second business, I sell legally manufactured and sold replica goods from Italy. Do you have any recommendations for reliable high-risk payment processors that are able to cater to the specific requirements of this business?
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Question High-risk payment solutions for online medicine, replicas?
- Thread starter alley
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I assume that you have already looked in the resource database in MG - there are really many good suggestions for exactly what you are looking for. Have, for example, tried CoolPay which is one among many there? The name sounds like nothing, but I have succeeded with some IPTV through them.
https://www.offshorecorptalk.com/resources/categories/high-risk-merchant-account.15/
https://www.offshorecorptalk.com/resources/categories/high-risk-merchant-account.15/
Is it a payment processor you have tested for processing stuff like pharmacy and replica?
As far as I can tell from the many threads here and elsewhere, there are only a few who can handle high-risk payment processing due to its nature and because the banks prefer that their names do not appear anywhere in connection with it.
Considering the incredibly many payment service providers listed in the resource database, I wonder how they can all offer such services unless they are all affiliated with the same few banks or some of them are resellers.
As far as I can tell from the many threads here and elsewhere, there are only a few who can handle high-risk payment processing due to its nature and because the banks prefer that their names do not appear anywhere in connection with it.
Considering the incredibly many payment service providers listed in the resource database, I wonder how they can all offer such services unless they are all affiliated with the same few banks or some of them are resellers.
What about running a regular business, like offering online tutoring to schoolkids across various countries, does that count as high risk or just a regular business? I've been turned down twice, with them saying the risk is too high!
Hi
Did you manage to get any of the high risk processors to onboard your businesses?
Cheers
There aint that many PayPal or Stripe accounts.
I used to own around 20+ aged PayPal accounts but their rules and regulations change all the time.
Stripe is also getting a little stricter than before.
Hey! We might already be working together. As you can see from other replies, it's hard to get onboard with other payment processors when operating a high-risk business. However, a cloaking solution for Stripe—like iframe or other payment orchestration platforms—might be useful in that case. You should consider that, the more unique the jurisdiction for your company, the more stable the setup will be, as well as for the choice of EMIs. It's up to you whether you have your own merchant account with a limited percentage or rely on someone else's account with a higher one.
Stripe is certainly not a perfect solution, but due to the options, currencies, and countries supported, it seems like a viable option to consider. Even with a risk of being shut down and get a hold for 120 days.
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yes and also with some updates there found new to apply for with my business. It's going to be exciting over the next week on if I get approved finally with some of my hard to place business.
Good resource but if you already have been through all of them you need a fresh database with new processors. I know there are hundreds at least handling high risk payment processing.
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