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looking for a new payment processor

Discussion in 'Payment Processing' started by SAUGA, Aug 22, 2016.

  1. #1
    Despite having an excellent business credit and personal credit history I am finding it quite difficult to find a new processor. We are one of Canada's most well known and respected marijuana seed companies, however we have been dropped from our cc processor for no other reason then being deemed high risk. 1 charge back in 3,000 + orders - over 2 years, and we are high risk.

    Doesn't seem to make any sense to me.

    Looking for any help regarding companies that will accept marijuana seed retailers. Where can I find a virtual terminal to process creditcards for an marijuana seed retailer? Thank you.

    Contact us at

    Thank you for your time, any help is appreciated.
     
    Last edited: Aug 24, 2016
    SAUGA, Aug 22, 2016 IP
  2. ZackP

    ZackP Greenhorn

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    #2
    Answer is quite easy one, go for PayPal. We are also in Canada, have PayPal after trying many others (Beanstream, Elavon, Chase ...). Very happy for many reasons
     
    ZackP, Aug 23, 2016 IP
  3. SAUGA

    SAUGA Active Member

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    #3
    From experience, expect a short tenure with Paypal. We have used them 2 separate times in the past 4 years - Paypal will eventually shut you down. Ridiculously seeds are considered by Paypal to be "drug paraphernalia" - which is totally against their tos.
     
    SAUGA, Aug 23, 2016 IP
  4. yugo

    yugo Well-Known Member

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    #4
    maybe you can use payza?
     
    yugo, Aug 24, 2016 IP
  5. fionix

    fionix Well-Known Member

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    #5
    Instabill and netbilling may be your last chance for something reliable!
     
    fionix, Aug 24, 2016 IP
  6. SAUGA

    SAUGA Active Member

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    #6
    Payza closed our account an stole over $2000 of our money back in 2013. Never use payza!!!
     
    SAUGA, Aug 24, 2016 IP
  7. SAUGA

    SAUGA Active Member

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    #7
    Instabill has already turned us down from 2 banks.. unreal.
     
    SAUGA, Aug 24, 2016 IP
  8. jestep

    jestep Prominent Member

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    #8
    Curious, how does the legality of marijuana seeds work up there? I'm guessing but I wouldn't be surprised if companies have policies outright prohibiting any marijuana related processing even if it is legal.

    At least where it's legal in the US, MMJ and recreational marijuana, cannot even have a bank account in most situations, let alone a merchant account. It puts them in a horrible position of having to hold large amounts of cash all the time. Funny the IRS doesn't mind getting paid in cash though...
     
    jestep, Aug 24, 2016 IP
  9. moneytalksback

    moneytalksback Peon

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    #9
    Sauga,

    Sorry to hear of your troubles. Banks in the U.S. and most banks in Europe will not deal with MMJ because of federal regulations. I'm going to recommend that you talk to the guys at Guardian Data Systems. They're the best in the industry and if they can't help you, they can at least give you some suggestions.
     
    moneytalksback, Aug 24, 2016 IP
  10. SAUGA

    SAUGA Active Member

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    #10
    pretty sure I have already talked to Gaurdian without any luck. :S
     
    SAUGA, Aug 24, 2016 IP
  11. SAUGA

    SAUGA Active Member

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    #11
    Seeds are 100% legal, no thc or cbd present so they cannot be considered a drug. They are legal to buy, store or own for novelty, storage or scientific purposes.
     
    SAUGA, Aug 24, 2016 IP
  12. malky66

    malky66 Acclaimed Member

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    #12
    Why would they, who the hell are you?
     
    malky66, Aug 31, 2016 IP
  13. ClarkKent

    ClarkKent Peon

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    #13
    maybe look at other websites like yours and go thru the shopping cart and see if there the CC processor is advertised anywhere
     
    ClarkKent, Sep 29, 2016 IP
  14. BuySomeBitcoins

    BuySomeBitcoins Greenhorn

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    #14
    Maybe it is time to consider Bitcoin ?
     
    BuySomeBitcoins, Nov 13, 2016 IP
  15. ZackP

    ZackP Greenhorn

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    #15
    +1 for Bitcoins. We are taking it for more than year now and sorry that we didn't start earlier. However, for complete disclosure, very small percentage of buyers have BTC :(
     
    ZackP, Nov 15, 2016 IP
  16. iwebsocial

    iwebsocial Well-Known Member

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    #16
    You should go with ccbill. They are one of the best payment processors who are efficient in handling payments. They also accept high risk payments as well.
     
    iwebsocial, Nov 18, 2016 IP
  17. BuySomeBitcoins

    BuySomeBitcoins Greenhorn

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    #17
    Lots of business were forced to give up on Credit card payments [backpage for example or online smoking shops].

    They turned into Bitcoin and they are successful now, no chargebacks, no fraud.


    You can also consider alternatives, machine learning fraud fighting services, take a look at https://www.signifyd.com/
     
    BuySomeBitcoins, Nov 20, 2016 IP
  18. thenetvampire

    thenetvampire Member

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    #18
    I already contacted you to offer check processing but didnt get any reply. You should consider it.
     
    thenetvampire, Nov 22, 2016 IP
  19. Kishan Kumawat

    Kishan Kumawat Member

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    #19
    NO need to go for third party Payment Gateway else you can get your own from your local bank as well and they will proceed the fund in less time too.
     
    Kishan Kumawat, Dec 5, 2016 IP
  20. Tomastamm

    Tomastamm Well-Known Member

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    #20
    you have to check bitpay as bitcoin processor
     
    Tomastamm, Dec 7, 2016 IP