Hi All,

We are going to release a product in Voice Over IP(VOIP). Our customers will be prepaid customers who will be purchasing some minutes from us and they are going to pay us through credit cards. To overcome all sorts of cheating and misuse of credit cards what we supposed to have is to deduct a very small amount from the user credit card and user has to find this amount through his bank or some means. Later when he logs in to his account with us we will validate his card by asking him to enter the amount we deducted from him and if it matches we can accept him. Later in his next transaction we will adjust this small amount.

Users later will be adding amounts at their choice to their accounts directly without supplying details of validated credit cards and we will directly process their requests. For this Merchant Account provider need to store their credit card numbers and process them based on user details. Also we may require the customers to be billed recurringly and even for this provider has to store credit card numbers.

Also whenever there is a transaction we need the result of transaction to be posted back to us with some custom fields and we will process and store them in a database.

Please provide me some references of good companies who can provide me a merchant account and do the above for me. I contacted CDGCommerce with my requirement but they could not help me :(

Thanks,
Manoj.

I thought Paypal is doing exactly the procedure which you described. Perhaps even Ikobo (but dont know for sure).

Best regards

I have seen Ikobo site and they are not into this. Are there any others we can look into?

You may want to start visiting various merchant processor Web sites and then call up and ask if they accept prepaid telephone/phone services as an acceptable merchant category. That will save you a lot of time in the event that this is an auto-decline for them.

We are going to release a product in Voice Over IP(VOIP). Our customers will be prepaid customers who will be purchasing some minutes from us and they are going to pay us through credit cards. To overcome all sorts of cheating and misuse of credit cards what we supposed to have is to deduct a very small amount from the user credit card and user has to find this amount through his bank or some means. Later when he logs in to his account with us we will validate his card by asking him to enter the amount we deducted from him and if it matches we can accept him. Later in his next transaction we will adjust this small amount.

I work with several VOIP merchants that have had good luck with this strategy. It might be a little better to make it two completely different charges, rather than an adjustment.

Storing credit card numbers and any pre-paid minutes will increase the risk quite a bit. Outsourcing credit card storage by having a gateway handle the re-bills will increase your chances of approval.

I thought Paypal is doing exactly the procedure which you described. Perhaps even Ikobo (but dont know for sure).

Best regards


Paypal does this to verify the paypal user for THEIR processing, not someone else.


And actually - I think that this poster e-mailed me, but i didnt pay attention to it cause you changed the message to make it look like it was from me, to me.... Otherwise I would have quoted him, was we accept these types of merchants, but they must be registered in the US.

Please mention here if there are any Merchant Account providers for VOIP or TeleCommunication companies.

It really depends. VOIP is considered an xSP product. It shouldnt be so hard to get you approved. Been there, done that. But it depends.... You are genralizing, and it depends on if your company has the credit and financial background for this type of business.

You say you are in wisconsin. Is your business located in wisconsin? Do you have a decent credit history in the US? Do you have a bank account in the US?

Then again - I couldnt ask you this question in PM because you dont have enough posts. You need to go make like 10 decent posts in other parts of the forum.

Have you checked out Loud Commerce (http://www.loudcommerce.com)? Their ISO (Cardservice) is sometime lax on a few services and they might be able to help you out.