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VincentIgwe

Silver Member
I'm a frequent visitor of this community which is undeniable very useful.

Our company is incorporated in the UK and we offer skill-based prize competitions (startup).
We are currently having a very hard time getting accepted by a payment gateway provider. So far, our applications have been declined by:

Trustpayment
Instabill
Nochex
Opayo
Vivawallet
Paymentworld.

Right now, we feel really stuck. I have a feeling these rejections are a result of our company's directorship structure.

Director1 70% (Nigerian, lives in Nigeria)
Director2 30% (British, lives in the UK)
Director3 0% (German, lives in the UK)

Any advice on a way to get a reliable payment gateway would be appreciated.

Trustpayment: We got along pretty well, but at a point, they said we can't proceed and they can tell us the reason for rejection (we suspect it's because of the Nigerian profile on our directorship).
Instabill: They said all directors must reside in EU jurisdiction.
Nochex: They said they would like to stop supporting Prize Competitions.
Opayo: They said they can't tell us the reason we can't proceed.
Vivawallet: We registered and account, 24hrs later, it got closed. No reason for the closure. No response to emails.

Thanks for the anticipated assistance.
 

VincentIgwe

Silver Member
A skill-based prize competition is an activity where participants compete to win a stipulated prize. The competition is a test of skill in any field as required by the competition promoter. This could in form of a question or a series of logical tests.

We are a start-up, hence, no processing history.
 

boomy

Mentor Group Gold
Your only chance may be to buy something from your competitor and file a chargeback, so you most often can see who they are using.

or you simply use a crypto payment gateway as the only available payment option.
 
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