Merchant account - high volume opp $100k/day
- Thread starter GeXus
- Start date
the only thing i can say is be very careful. use straight common sense and remember there's probably only about three people in the world who can help you. two in s-am one in africa.
however even if you find them... the #1 issue remains that visa/mc are *not property of any individual bank/merchant/processor* they remain, as far as i see, sole possessions of visa/mc US Inc. and no one else
i'm scouting this same territory and trying to figure out whether visa/mc can cq. are allowed cq. would confiscate an entire foreign government's end- bank's license due to cross-border US chargebacks. something already tells me this is a big Yes..........
the only possible hole in that case, would be if visa/mc are today operating on an international data processing layer that is governed by either a sovereign research/nonprofit body or similar, instead of -i assume- a proprietary 'visa/mc network'. in that case, a sovereign government's bank would have self-autonomy regarding the transactions, and not a US corporation abroad. i know certain payment systems such as SMS and PIN run through global satellite frequencies and straight public TCP/IP connections... licensing only governed between [an endless # of] individual banks themselves.
i suspect visa/mc are the network, -the only network- though....
to be continued =/
however even if you find them... the #1 issue remains that visa/mc are *not property of any individual bank/merchant/processor* they remain, as far as i see, sole possessions of visa/mc US Inc. and no one else
i'm scouting this same territory and trying to figure out whether visa/mc can cq. are allowed cq. would confiscate an entire foreign government's end- bank's license due to cross-border US chargebacks. something already tells me this is a big Yes..........
the only possible hole in that case, would be if visa/mc are today operating on an international data processing layer that is governed by either a sovereign research/nonprofit body or similar, instead of -i assume- a proprietary 'visa/mc network'. in that case, a sovereign government's bank would have self-autonomy regarding the transactions, and not a US corporation abroad. i know certain payment systems such as SMS and PIN run through global satellite frequencies and straight public TCP/IP connections... licensing only governed between [an endless # of] individual banks themselves.
i suspect visa/mc are the network, -the only network- though....
to be continued =/
Usually when people look for merchant accounts to process large amounts of money they do not post on a message board. There are plenty of companies that deal with a few million a day that would probably help you much more than someone on here.
the upper echelons of e-business payment processing is not so big. there's really less than a handful of capable providers. next, rebills carry higher risk management than what that handful of issuers currently already processes [mostly casino/data/medical]. with rebills one would essentially be looking for an issuer who will charge cards and then either shut up or deflect anything to do with the forthcoming chargebacks... really, the number of people capable of providing this with any serious consistency is going to be countable on one hand
ps; why is everyone out there looking to approach this from a merchant's perspective? why not be [affiliated with] an issuing bank directly in itself?
the upper echelons of e-business payment processing is not so big. there's really less than a handful of capable providers. next, rebills carry higher risk management than what that handful of issuers currently already processes [mostly casino/data/medical]. with rebills one would essentially be looking for an issuer who will charge cards and then either shut up or deflect anything to do with the forthcoming chargebacks... really, the number of people capable of providing this with any serious consistency is going to be countable on one hand
ps; why is everyone out there looking to approach this from a merchant's perspective? why not be [affiliated with] an issuing bank directly in itself?
Most likely bc the banks would not want to be affiliated with something like this... If you haven't noticed, they already get enough attention.
true, but for us this means juggling llc's/ltd's/second/third identities and one reselling merchant/processor after the other..... this is not efficient and prone to go sour.
we need a direct issuing bank who is open to last-minute progressive thinking. i can only name 3. the next issue is- would/can/are they legally allowed -visa/mc- to confiscate a foreign government bank's license as well? similarly, do pci transactions work on 'visa/mc networks' or do they go through open communication nowadays?
we need a direct issuing bank who is open to last-minute progressive thinking. i can only name 3. the next issue is- would/can/are they legally allowed -visa/mc- to confiscate a foreign government bank's license as well? similarly, do pci transactions work on 'visa/mc networks' or do they go through open communication nowadays?
What are you, 12?
His point was that people wanting and capable of running a business like what you're talking about don't usually post/whine/bitch on message boards to get $100k/day in processing power, they go and get it. He's right.
So his point is that people don't usually do what I'm doing? Well that's fucking brilliant.
