Hello,

I know this been discussed many times here, but this is serious here this time. I have patented a new technology and want to start my own service like PayPal(Moneybookers) and currently i have found the investors, who are ready to invest into the project. The problem i havent solved atm is how to allow people to upload the funds to the system via major Credit Cards, i guess it needs some personal agreements with Credit Card companies or i just can open a merchant account for my kind of service ? How much does it cost and are there any people that can help me in solving this problem ?

Sincerely,
muji.

You need a special type of merchant account. You are looking at a lot of paper work and security deposits.

You can check out Bank of America, they might offer you a service like this. EasyTel (http://www.easytel.net/) uses them to load funds on a card. But it depends primarily on your backers and their funds.

you will need to be located or at least have an account in the states to get things started

http://www.visaeurope.com/documents/ais/service_providers.pdf?d=231006

One of these companies might be able to help you in setting up a merchant account to accept upload payments.

What is your plan to deal with the massive amount of fraud you will experience?