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black2

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Nov 27, 2017
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#1
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Hi all,

I'am looking for payment processor in a sort of gray niche(SMM), I tried applying to several payment processors myself, but research, filling out and contact take a lot of time so I'm considering hiring a payment processor consulting agency instead. I think both their experience and contacts can help in many different ways.

Have anyone any firms they can recommend?

What's your experience and how much did they charge?
 
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#2
Welcome aboard, there are a few initial question you may answer here in order to get free help ;)

What is SMM ?
Is this a startup business or have you been processing payments for a long time?
Do you have any processing history?
Where is your company registered and where are you from?
 
#3
Thanks! I've been a silent lurker for a while, but couldnt find any thread about payment processor consulting, I'am sure i'm not the only one interested.

Social media marketing (payment processors don't seem too interested in doing business with this sector)
Been using Paypal for about 6months
Both company and Iam in Sweden.

I signed up with few payment processors, they rejected my niche, so fastest solution i'am seeing is to get someone with experience to help me get accepted by processors on reasonable terms or do the front shop as suggested in some threads here.

From my understanding Front shop will require extra steps such as offshore comp and bank(to stay more or less safe from possible repercussion if the front shop got exposed?), which will make it even harder to get accepted by payment processors than a company in sweden.
 
#4
It's hard to for tind a acquiring bank who accept it, this mostly as its in terms of acquiring Banks "new" and has bad reputation. It's not impossible but require much time and all must be absolutely done the right way to pass compliance and then still you need to hold your CB all time low. If you make serious money try it.
Probably it's easier to go with Proxy-Shop then buy PayPal and Stripe accounts attached to TW/Payoneer, on the market you can get them cheap and replace when blocked.
 
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#5
Proxy-shop and PP/2checkout/stripe is the plan for now. I have applied to few Swedish Card Payment Processors too, maybe they won't care much about it, since they probably don't even understand what it is iam selling.
 
#6
superman said:
It's hard to for tind a acquiring bank who accept it, this mostly as its in terms of acquiring Banks "new" and has bad reputation. It's not impossible but require much time and all must be absolutely done the right way to pass compliance and then still you need to hold your CB all time low. If you make serious money try it.
Probably it's easier to go with Proxy-Shop then buy PayPal and Stripe accounts attached to TW/Payoneer, on the market you can get them cheap and replace when blocked.
Click to expand...

Hi- what marketplace sells these types of Proxy-shops? Can you point me in the right direction, we need a solution like this as well.

Thanks
 
#7
black2 said:
Proxy-shop and PP/2checkout/stripe is the plan for now. I have applied to few Swedish Card Payment Processors too, maybe they won't care much about it, since they probably don't even understand what it is iam selling.
Click to expand...
if they don't they won't accept your application, but if they still accept your as a merchant then please provide the same of the Swedish processor.
 
#10
davdpa said:
Ya, we're not that well versed in technology, any direction or tutorials on how todo so? Thanks
Click to expand...
Proxy-shop (from my understanding and from what i've seen) is just a random website that sells something that payment process allows. You can make a random shop with shopify/wix etc. and when Payment processor asks you show them that site.
I've went a step further and got my devs to connect proxy shop to payment processor so any of their systems will see that sales come from proxyshop.
 
#11
black2 said:
I've went a step further and got my devs to connect proxy shop to payment processor so any of their systems will see that sales come from proxyshop.
Click to expand...
This is the part that we're looking to figure out - as orders should always come from the IP address of the proxy shop - we have a client who needs this done and looking for some guidance on how to implement? thanks
 
#12
davdpa said:
This is the part that we're looking to figure out - as orders should always come from the IP address of the proxy shop - we have a client who needs this done and looking for some guidance on how to implement? thanks
Click to expand...
Any good web dev agency should be able to connect regular shop and proxyshop that then connects to payment processor. I use upwork for most of my dev needs :)
 
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#14
You have several psps accepting SMM depending on the volume that you process.
I am not convinced you need to do a dummy website to get approved for SMM

Btw 2checkout is shutting down SMM merchant accounts, One of my friend got his funds frozen recently.
 
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