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Please help to find payment processor

Discussion in 'Payment Processing' started by Onlinesim, May 19, 2023.

  1. #1
    Hello, everyone!
    We are a service that provides its customers with phone numbers for receiving messages from various services, social networks, instant messengers and other categories of sites.

    We're looking for a payment processor, most likely high-risk, according to answers from payment processors we've applied, but they rejected us. What we're looking for is card payments processing, we have a big amount of small transactions, since our services does not cost much and average price is 1-10 USD, in some occasions it goes up to 150 USD for rental numbers, but most of the operations are up to 10 USD.
    We're registered in Singapore, but also have a legal entity in Netherlands. Worked with Mollie for about 3 weeks, but they've decided to block us saying they suspect fraudulent activity, probably because of high amount of low-cost transaction, even if we had 0 chargebacks and 8 manual refunds, because our clients asked for it, out of 3000+ transactions for that period.
    Would be glad if you can recommend a solution for that matter.
     
    Onlinesim, May 19, 2023 IP
  2. ultra_sweet

    ultra_sweet Member

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    #2
    I believe that regardless of what anyone might recommend you, you should check beforehand with the payment processor support team or just dirrectly message payment processors with stating your requirements.

    It’s the best way to avoid any uncertainties and not lose valuable time with this process.
     
    ultra_sweet, May 22, 2023 IP
  3. Onlinesim

    Onlinesim Peon

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    #3
    We've applied to multiple payment processors, that's why i've wanted to ask people in case they have heard about payment solutions that might fit.
     
    Onlinesim, May 23, 2023 IP
  4. Jon Millikan

    Jon Millikan Peon

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    #4
    If you are looking for a good option check out our site:

    If you have been denied with previous processors, we generally can get you approved due to our long term relation with our lending banks.

    https://www.xsellarate.com/cash-discount

    We would love to hear about your starting requirements, we also build professional websites that are valued at $5000 for our clients if they sign up with our Cash Discount Packages. Let me know if this helps!
     
    Jon Millikan, Jul 31, 2023 IP
  5. munirashraf

    munirashraf Peon

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    #5
    Wow, sounds like you're in a bit of a bind. It's not uncommon for payment processors to be extra cautious with high-risk sectors, especially when there's a high volume of low-cost transactions. That said, it's a bummer that Mollie dropped you despite having zero chargebacks.
    You might want to explore payment processors specialized in high-risk sectors. Companies like PayKings or Durango Merchant Services could be worth looking into. They're generally more accommodating with businesses that have non-standard models.
    It's essential to get this sorted, especially when your business depends on smooth transactions. Hope you find a solution soon!
     
    munirashraf, Sep 15, 2023 IP