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  1. #1
    Join Date
    Jun 2007
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    Fayettville, NC
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    71

    Most trusted High Risk Merchant Account Provider/Processor

    Hi,

    I was wondering who is the most trusted high risk merchant account provider?

    We have used lamda processing and ***** but all are scam.

    Anyone who can recommend the most trusted high risk merchant account provider/processor?

    Any help is highly appreciated.

    Regards
    Interspire Shopping Cart / OpenCart / CSCart Developer
    Shopping Cart Addons Store Phone: 910.853.0005

  2. #2
    Join Date
    Apr 2005
    Location
    San Francisco, CA
    Posts
    1,029
    I think you will get more responses if you tell what exactly you are selling as "high risk" goods or services.

    Some "high risk" merchant providers comfortable with certain things, but will not going to touch some other stuff - that can be just fine with somebody else.

    "High Risk" merchants are anybody who sell adult, dating/matchmaking, MLM, lotteries, travel, software downloads, insurance, tickets, calling cards and list goes on... (with 100's of items and/or services consider to be a "high risk" and cannot be processed thru "regular merchant account")

  3. #3
    Join Date
    Jun 2007
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    Fayettville, NC
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    We're selling steroids.
    Interspire Shopping Cart / OpenCart / CSCart Developer
    Shopping Cart Addons Store Phone: 910.853.0005

  4. #4
    Join Date
    Jun 2007
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    Fayettville, NC
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    why my post has been edited?

    "We have used lamda processing and ***** but all are scam."

    this should be lamda processing and QWIP|
    Q-W-I-P-I
    Interspire Shopping Cart / OpenCart / CSCart Developer
    Shopping Cart Addons Store Phone: 910.853.0005

  5. #5
    Join Date
    Dec 2006
    Location
    Europe
    Posts
    1,112
    Quote Originally Posted by mrphp View Post
    We're selling steroids.
    Good luck to find a serious 3rd party biller, none of them will take on your business!

  6. #6
    Join Date
    May 2013
    Location
    Chicago, USA
    Posts
    188
    Quote Originally Posted by mrphp View Post
    why my post has been edited?

    "We have used lamda processing and ***** but all are scam."

    this should be lamda processing and QWIP|
    Q-W-I-P-I

    I have had bad experiences with both of those companies over the years. For your product type you are very limited in 'quality' processors. Since your product is at the higher end of the high risk types, you will likely have to deal with one of the less reputable providers.
    Performance Card Service, Ltd
    ***Global Payments Experts***
    www.performancecardservice.com

  7. #7
    Join Date
    Jun 2007
    Location
    Fayettville, NC
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    any recommendation for most reliable processor for our products type?
    Interspire Shopping Cart / OpenCart / CSCart Developer
    Shopping Cart Addons Store Phone: 910.853.0005

  8. #8
    Quote Originally Posted by mrphp View Post
    why my post has been edited?

    "We have used lamda processing and ***** but all are scam."

    this should be lamda processing and QWIP|
    Q-W-I-P-I
    We don't know about the Lamda Processing, we got the account with them but never used it..However, I know *****, And doing Processing with them over a years without any problem in payment, Support or anything, the biggest drawbacks with ***** is Decline ratio and Very High Fees.....

    As per their Services we are totally pleased with them, Secondly, Instead of *****, its very hard to find the reliable Processors for High Risk Business.

  9. #9
    Aren't steroids illegal ?

  10. #10
    Join Date
    Jun 2007
    Location
    Fayettville, NC
    Posts
    71
    Nope. Its just that its a high risk products.
    My client is shipping the products US and other parts of the world using USPS and other popular shipping carriers.
    Interspire Shopping Cart / OpenCart / CSCart Developer
    Shopping Cart Addons Store Phone: 910.853.0005

  11. #11
    Join Date
    Jun 2007
    Location
    Fayettville, NC
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    @buythiscomputer, its a prescription products.
    Interspire Shopping Cart / OpenCart / CSCart Developer
    Shopping Cart Addons Store Phone: 910.853.0005

  12. #12
    Join Date
    Apr 2008
    Location
    United States, MI
    Posts
    766
    Quote Originally Posted by mrphp View Post
    Nope. Its just that its a high risk products.
    My client is shipping the products US and other parts of the world using USPS and other popular shipping carriers.
    Shipping steroids to the US, is in fact, illegal. It may not be illegal in your country to ship them to the US, but it is very illegal for a United States citizen to receive them at a US address.


    This thread should be closed because it is facilitating illegal pharmaceutical trade. Which in turn, makes WHT, it's moderating staff and parent company accessories after the fact.

    Also, you will not find a merchant who will take on your business. Because, it is illegal business.

    Justtttt sayingggg.


    -- Edit --

    So, I now understand why you're looking for this. I browsed your site and I saw this neat-o piece of "shopping cart add-on software" here.
    http://www.cartaddon.com/products/Sh...on-orders.html

    Storing the CVV code under any circumstances is HIGHLY illegal and is grounds for immediate removal of your merchant account as well as very excessive fines by Visa, Mastercard and American Express.

    Storing CVV codes includes storing them on paper, the medium of storage is irrelevant. CVV codes are meant to be utilized only during the initial transaction and then promptly disposed of.
    Last edited by Crothers; 11-03-2013 at 01:18 AM.
    Steven Crothers
    No BS cloud engineer and Red Hat architect.

  13. #13
    Join Date
    Jun 2007
    Location
    Fayettville, NC
    Posts
    71
    @Crothers, that is a manual credit card show cvv orders. it was requested by clients and we made it to them and sell it also into our store.

    how can they process manual credit card payments if they dont have the cvv right?
    I know the fact that it is not suppose to store cards details but that will only work on payment providers like paypal, authorize.net and others. But on manual credit card payments, they need to store the card cvv(encrypted) and will be decrypted once they view the order and process on their card termninal or whatever.
    Interspire Shopping Cart / OpenCart / CSCart Developer
    Shopping Cart Addons Store Phone: 910.853.0005

  14. #14
    Join Date
    Jun 2007
    Location
    Fayettville, NC
    Posts
    71
    agree with @buythiscomputer

    It would be illegal if the products arent shipped/received in the US.
    USPS is receiving and shipping it.

    Now our main concern is, is there any trusted high risk merchant account provider you guys can recommend?
    Interspire Shopping Cart / OpenCart / CSCart Developer
    Shopping Cart Addons Store Phone: 910.853.0005

  15. #15
    Join Date
    May 2013
    Location
    Chicago, USA
    Posts
    188
    Regretfully I cannot recommend anyone that will approve you due to the product type. Crothers does make a good point, it is not legal to ship those products to the US and just because your getting away with it, doesn't mean its legal or OK. I would recommend you be very careful continuing this business and think twice before openly posting specific details about your product line. Just some friendly advice!
    Performance Card Service, Ltd
    ***Global Payments Experts***
    www.performancecardservice.com

  16. #16
    Join Date
    Jun 2007
    Location
    Fayettville, NC
    Posts
    71
    btw, its not my business. its my client business that he asked me some help to get a high risk merchant account provider.

    he told me that his products are licensed but its a prescription drugs.
    he ships his products thru usps.
    Interspire Shopping Cart / OpenCart / CSCart Developer
    Shopping Cart Addons Store Phone: 910.853.0005

  17. #17

    Avoid Lamda Processing (aka Atlas Payments and 95epay)

    Hi,

    Stay away from Lamda Processing. They scammed us out of more than $5000 which was supposed to be our first payout for the first month we started using them.

    They were quick to approve our application and got us signed up with an account from Atlas Payments. The transactions were somehow processed by an acquiror in China known as 95epay or 95epayments.

    They gave us many excuses about not paying us such as saying that they are waiting for all orders to be delivered as we are a new company. However, we gave them an additional 2 weeks and never heard back despite trying to get in touch.

    There is not much we can do as we are dealing with 3 different companies and now they all say that we don't have an account with them!

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