Payment Processor Creation Help Required

Discussion in 'Payment Processing' started by cemsaftekin, Apr 19, 2012.

  1. #1
    Best Regards
     
    Last edited: Jul 27, 2015
    cemsaftekin, Apr 19, 2012 IP
  2. Alexandr.nf

    Alexandr.nf Peon Affiliate Manager

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    #2
    Firstly, I would recommend to look through this site: https://www.pcisecuritystandards.org/
    You'll need PCI DSS Level 1 verification as a payment processor.

    With this in mind you'll need to start making an infrastructure for your venture.
     
    Alexandr.nf, Apr 25, 2012 IP
  3. cemsaftekin

    cemsaftekin Greenhorn

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    #3
    We got the web designers working on the pci compliance and all security measures. However it seems like we lack some information about the system's working procedures and this makes our business plan look unprofessional. We can't make a proper financial plan due to not knowing the costs exactly.
     
    cemsaftekin, Apr 25, 2012 IP
  4. Alexandr.nf

    Alexandr.nf Peon Affiliate Manager

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    #4
    You'll need a good team of web-developers, which can make integrations with the banks, and also you'll need a person who understands in credit cards anti-fraud management. In other words, you need a good team in first place and then a business plan.
     
    Alexandr.nf, Apr 25, 2012 IP
  5. Alexandr.nf

    Alexandr.nf Peon Affiliate Manager

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    #5
    BTW, do you have any estimates who your potential clients are? It is better to have some clients portfolio before launch. Too many IPSPs have launched recently.
     
    Alexandr.nf, Apr 25, 2012 IP
  6. cemsaftekin

    cemsaftekin Greenhorn

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    #6
    We do and all of them are local companies which don't use any payment processors. PayPal holds only 1% share of the online market in Turkey at the moment. We are in good contact with some of those clients so I believe we'll come to an agreement with them easily.
     
    cemsaftekin, Apr 25, 2012 IP
  7. Alexandr.nf

    Alexandr.nf Peon Affiliate Manager

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    #7
    Are you going to provide merchants with MIDs in banks? Or you are going to provide processing and aggregation services to your clients?

    If you are going to register MIDs you'll need god relations with the banks as well.
     
    Alexandr.nf, Apr 26, 2012 IP
  8. web4all

    web4all Peon

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    #8
    To have a chance to succeed you will need a PCI DSS expert on your team.
     
    web4all, Apr 28, 2012 IP
  9. fionix

    fionix Well-Known Member

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    #9
    You want to be a payment processor but you don't know where to start and you ask for help on a public forum! Yeah right, good luck with your venture! Do you have a clue at all about the costs, staff, knowledge and other security issues you need to sort out!!
     
    fionix, Jul 28, 2015 IP