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Merchant processing selling sarms

Someno

New member
Hello everyone,

I am trying to find the best possible solution for such a venture given my circumstances while at the same time trying to avoid any issues that would screw the merchant account and thus the business instantly.

From lots of research it appears that essentially people have 4 options;
1. Sign up for the easy options like paypal, stripe, square and likely get shut very fast soon as they figure it out.
2. Sign up with a merchant processing account with someone like a bank who underwrites you first, if they even approve it, or anyone else and then try your absolute best not to get shut down hard and fast. And when you do find another option from below...
3. Use a cloaking site where your clean site only processes the payments and the sarm site does everything else. Everything here needs to be done perfectly to cloak things well and avoid being detected shut down which may still happen.
4. Find an offshore/high risk merchant processor that will not steal your money, is not completely unreasonable in terms of hold, slow pay outs, rolling reserves and charges try your best to last there. Eg South Africa? Russia?
**Possibly forming company and business in a country and processing payments through it where its more acceptable? (even though Visa/MC frown on these?) eg UK?

Regardless of whichever way, do your damnedest to keep fraud/charge-backs to an absolute minimum and do not dispute them.

I've seen one member on here possibly doing the ** option whilst everyone generally goes through those 4 main options in one way or another.


As I am 'starting' I could do whichever option/s best.

Already have a 6 year old dormant US LLC (non US resident/citizen so only EIN though could get ITIN if really need be) that had 2 bank merchant accounts which eventually got suspended for obvious inactivity. Was told could just sign up again as before and had done nothing technically wrong. Perfect standing with zero strikes or issues and ideal would be to actually start this up and use it. Considering its already 6 years old customers might consider it somewhat stable and its marketable.

Likewise, following the logic in those options outlined above, could try to restart that one up but instead of using it as the actual sarm site and then losing merchant account eventually and having to go through the rest of the steps, I could use it as the clean site whilst getting a new site as the real sarm site?


Alternatively, ditch US entities altogether and start one in the UK or somewhere else that would allow such a setup to work?

Have I missed anything? Summed it up overall ok?

In a perfect world would just restart the dormant US entity with 2 or more merchant accounts linked to it and focus on the business.


Confused as to how to proceed.....
 

voyagermcree

New member
@Someno in the exact same boat. I have a white label website and a hidden website. I was actually close to just opening up a merchant account and imbedding the code into my secret website and processing payments. Glad I didn't do that (although I've seen others that have and are still running).

I'm just starting up as well. Curious to see where you've landed.
 

Admin

Forum Moderator
Staff member
Elite Member
4. Find an offshore/high risk merchant processor that will not steal your money, is not completely unreasonable in terms of hold, slow pay outs, rolling reserves and charges try your best to last there. Eg South Africa? Russia?
That is one of the biggest issues for "operations" depending on high risk processors and the more shady of it kind.
 

Someno

New member
@Someno in the exact same boat. I have a white label website and a hidden website. I was actually close to just opening up a merchant account and imbedding the code into my secret website and processing payments. Glad I didn't do that (although I've seen others that have and are still running).

I'm just starting up as well. Curious to see where you've landed.
Do you currently have it operational with processing history?
If its using option 1 likely to get picked up pretty quick unless code and everything around setup is perfect even then likely to get picked up eventually enough. Option 3 with merchant account might last longer if done perfectly but it also depends on your competitors purposely compromising you.
 

Someno

New member
That is one of the biggest issues for "operations" depending on high risk processors and the more shady of it kind.
Yes agreed. Many times it is also these processors that run away with your funds or completely cripple your operation at their whim. Vitally important to make sure they are a legitimate, efficient and trustworthy processor in case someone is considering this option.
 

voyagermcree

New member
Yes agreed. Many times it is also these processors that run away with your funds or completely cripple your operation at their whim. Vitally important to make sure they are a legitimate, efficient and trustworthy processor in case someone is considering this option.
Any tips on due diligence in this arena?
 

Someno

New member
Any tips on due diligence in this arena?
You didn't answer my question...

In answer to yours, everything you possibly can. Check general regulations and reputation of the country it is in first, then check for established companies, check history, check for reviews, check the consumer affairs bureau for complaints (if one exists), check their licences, check the terms and conditions with a fine comb, then see how you feel about them after going through all that.
 

Jezzawalt

Mentor Group Gold
We sell CBD oil and struggled for ages, stripe, square, PayPal etc lasted days before each were shut down. Ended up going with T1 payments in the US, onboarding was a little painful but can't fault them with the payouts, reserve etc. As far as I'm aware they only bother onboarding companies doing atleast 10k USD per month in sales, although I could be wrong.

I went with them even after reading bad reviews (out of desperation) pretty sure heaps of high risk processors receive some negative feedback but in terms of paying out money they are fully legit, I've got probably 50k sitting with them now in reserve and awaiting payouts and am not worried in the slightest about them "running off with my money" Sure there are other companies similar and possibly better rates but these guys service international clients (I use my Hong Kong Company)

Good luck anyway, painful process regardless.
 

Someno

New member
We sell CBD oil and struggled for ages, stripe, square, PayPal etc lasted days before each were shut down. Ended up going with T1 payments in the US, onboarding was a little painful but can't fault them with the payouts, reserve etc. As far as I'm aware they only bother onboarding companies doing atleast 10k USD per month in sales, although I could be wrong.

I went with them even after reading bad reviews (out of desperation) pretty sure heaps of high risk processors receive some negative feedback but in terms of paying out money they are fully legit, I've got probably 50k sitting with them now in reserve and awaiting payouts and am not worried in the slightest about them "running off with my money" Sure there are other companies similar and possibly better rates but these guys service international clients (I use my Hong Kong Company)

Good luck anyway, painful process regardless.
Did that include merchants accounts elsewhere before you tried T1? Did you try 'cloaked' site A / site B method? Do you know if they do SARMS? How did you find them or come across them?
 

Jezzawalt

Mentor Group Gold
Did that include merchants accounts elsewhere before you tried T1? Did you try 'cloaked' site A / site B method? Do you know if they do SARMS? How did you find them or come across them?
Most high risk processors are for domestic Business in the USA, I needed a solution for my company and clients elsewhere. T1 work with international clients. Found them because 2 associates in the industry also use them. Works out to be about 5% to them, 5% reserve and daily payouts every 5 business days. Nah didn't try any other method other than getting shut down by the normal ones, PayPal lasted the longest probably a month or so (never leave money in PayPal as once your account gets closed they hold your funds for 180 days)

Did that include merchants accounts elsewhere before you tried T1? Did you try 'cloaked' site A / site B method? Do you know if they do SARMS? How did you find them or come across them?
Sorry not 100% sure if they do sarms but they do CBD, porn sites etc so should do
 

Admin

Forum Moderator
Staff member
Elite Member
Vitally important to make sure they are a legitimate, efficient and trustworthy processor in case someone is considering this option.
Did you ever found one that is trustworthy long term? If so, I would be happy to hear about it :)
 

Jezzawalt

Mentor Group Gold
I believe square does CBD now too? Most all will still not touch sarms.
Yeah square originally shut me down. I then signed up under a separate business to use their card readers and they shut me down again. Guessing my name is blacklisted with them.

And yeah heard they're accepting CBD now on an "invite only" basis or something. Probably just for businesses doing high volume. Was a pain in the ass getting my current one set up so not looking to change for a while.
 

Someno

New member
And yeah heard they're accepting CBD now on an "invite only" basis or something. Probably just for businesses doing high volume. Was a pain in the ass getting my current one set up so not looking to change for a while.
That could very well be the case as one person I know does about 70k a month and had no major problems being on-boarded. Now sarms? That's even tougher which imo is pretty stupid considering all the other things that are allowed or have the possibility.
 
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