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[Lebanon]

US merchant partner needed

Dear Fellow Members,
We are looking for a US Merchant account holder partner in the US, with ready merchant account, gateway and running business already ( which can be verified ).
We will fund our project financially and if required we will pay partnership fees as well.
The process of obtaining a merchant account offshore especially to Lebanon as in our case, is exhausting and not guaranteed. Not to mention restrictions, payouts and other details that offshore merchants are certainly aware of.
What we are looking for exactly, is that we present our project, website and content and all under operation of the company that will ofcourse have the chance to discuss and approve the project.
Sign a contract to guarantee our partnership and share on this and benefit off the profit just for operating from their name and merchant account.
There is no need to post all details here, and obviously i will not discuss my business project on public until its published.
If you agree on the concept and would like the extra profit and idea to invest some time on, contact me to set up a call conference or video conference so we could goon further details.
Best Regards.





__________________
DOTLeb Hosting Lebanese Hosting for the Middle EastThe fact that no one understands you , does not make you an artist

[woods01]

You may want to explain where the customerbase would be coming from for these transactions. If it would be mostly US based sales or international sales. If a US Merchant wants to accept international payments it's very easy for them to get stung.





__________________
James Paul Woods
Operations Manager
HostKitty Internet Services

[Lagniappe-labgeek]

To anyone even considering doing this...
An approved merchant accepting cc's for an unapproved is called 'factoring' and is in every Visa and MC merchant agreement (by Visa and MC themselves not the bank!). If caught the business will lose their ability to take cards and placed on the TMF - "Terminated Merchant File". And once pulled, it's next to impossible to ever get it back, not mention any fines they decide to impose... Just go search for 'credit card factoring' and see for yourself. The definition even includes if the same owner has 2 businesses with different SIC codes.





__________________
Lagniappe (lan-yap) - 1. A small gift presented to a customer with their purchase.
2. An extra or unexpected gift or benefit. "...a word worth travelling to New Orleans to get...", Mark Twain Life on the MississippiLagniappe Internet L.L.C. - Wholesale Reseller, and VPS Hosting.

[Lebanon]

Thanks for your notes,
Base clients are US clients and there is many international ofcourse, may u please explain why would they get Stung as you described it woods ? ... isnt it supposed to accept all worldwide clients ?
Labgeek, what you are saying is absolutely true, but not in my case, put it this way, I have a product, i have an idea, and i have the financial support, am going to give those to some one who can use this idea because it must be online, unlike myself which am unable so far to get a provider before being declined or unapproved as you put it.
So this way, it is going to be his business not mine. My cut will be written agreement that i own a share of the profit! and a huge share ofcourse.
So my geo location can be fortunate for someone, this is how i look at it ..





__________________
DOTLeb Hosting Lebanese Hosting for the Middle EastThe fact that no one understands you , does not make you an artist

[aplawson]

You can put lipstick on a pig and call it a pigeon with the best of intentions, but as others have already said - the credit card company will see your 'arrangement' much much differently and terminate your partner's merchant account. Plus, your transactions puts the sole risk of chargebacks and contests on your 'partner'.
What you're asking for is zero-risk financing with zero recourse since you're based overseas. Jump through the hoops like everyone else does and get your own merchant account.
I encourage everyone - do NOT do this if you value your ability to accept credit cards.





__________________Adam, MCITP:E, MCSD.Net, MCAD, CCNA

[Lebanon]

Aplawson, you could have made ur point with less offensive description.
Anyway, it seems you raised as others before your post a few questions that i wasnt aware of.
I havent stopped applying for accounts so far on my own business and i hope i get one to do it on my own.
I will consider this thread closed. As it seems this type of business relation is not acceptable at least as I just have learned from the above posts.
Regards





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DOTLeb Hosting Lebanese Hosting for the Middle EastThe fact that no one understands you , does not make you an artist

[SsZERO]

Quote:



Originally Posted by aplawson


You can put lipstick on a pig and call it a pigeon with the best of intentions, but as others have already said - the credit card company will see your 'arrangement' much much differently and terminate your partner's merchant account. Plus, your transactions puts the sole risk of chargebacks and contests on your 'partner'.
What you're asking for is zero-risk financing with zero recourse since you're based overseas. Jump through the hoops like everyone else does and get your own merchant account.
I encourage everyone - do NOT do this if you value your ability to accept credit cards.


You don't know what you're talking about. This guy is looking for a US partner to help him resell his product/service. There is nothing wrong with that, and as far as getting "burned"...well last time I checked, the merchant account deposits directly into the business account so you'll have full control. So long as there are no excessive chargebacks/refunds there is no danger to the merchant.
The OP will obviously have to rely on the US company to forward the appropriate portion of funds to him - so zero-risk financing? Really...seems more like he'd be the one at risk if anything. At least make an effort to know what you are talking about before saying something.
OP if you have a sound business proposal please PM me and we'll see if there is a way we can work together. Don't let the ignorant forum trolls discourage you.





__________________
-= SsZERO =-

[Lebanon]

SsZero , this is the type i was looking for until the posts above made it sound like an illegal business to corporate with someone.





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DOTLeb Hosting Lebanese Hosting for the Middle EastThe fact that no one understands you , does not make you an artist

Contact me

I am interested in this please contact me with more details?

[Lagniappe-labgeek]

Quote:



Originally Posted by SsZERO


...
Don't let the ignorant forum trolls discourage you.


You can call me any name you like... I have fairly thick skin. I don't think I'm ignorant in this and am in fact very confident in my knowledge of Visa's and MC's merchant terms. I based my notice because of the original post's verbage (bolding added for emphasis)
Quote:


...
benefit off the profit just for operating from their name and merchant account.
...


That is "factoring". He did not say that he wanted a US representative,distributor,etc. He stated that he wanted to use someone else's merchant account because
Quote:


The process of obtaining a merchant account offshore especially to Lebanon as in our case, is exhausting and not guaranteed. Not to mention restrictions, payouts and other details that offshore merchants are certainly aware of.


I stand by my original post - the "TMF" is not someplace you want to be. If caught the likelyhood of coming off of it, is slim to none. If the 'OP' would consider a distributorship,representative,etc. that's an entirely different thing than he originally posted.





__________________
Lagniappe (lan-yap) - 1. A small gift presented to a customer with their purchase.
2. An extra or unexpected gift or benefit. "...a word worth travelling to New Orleans to get...", Mark Twain Life on the MississippiLagniappe Internet L.L.C. - Wholesale Reseller, and VPS Hosting.

[SsZERO]

Quote:



Originally Posted by Lagniappe-labgeek


You can call me any name you like... I have fairly thick skin. I don't think I'm ignorant in this and am in fact very confident in my knowledge of Visa's and MC's merchant terms. I based my notice because of the original post's verbage (bolding added for emphasis)


Has it crossed your mind that English isn't EVERYBODY'S first language, and that you should probably clarify the OP's intent before making baseless assumptions.
Quote:


That is "factoring". He did not say that he wanted a US representative,distributor,etc. He stated that he wanted to use someone else's merchant account because


What he stated, cleverly located in the original post:"We are looking for a US Merchant account holder partner in the US, with ready merchant account, gateway and running business already ( which can be verified )."
Try as I might I do not see him saying "I want to use someone else's merchant account" but I do see him saying "We are looking for a US Merchant account partner".
Not even sure what you're calling "factoring", but as far as I know factoring is using your accounts receivable to secure a loan...something that has nothing to do with this thread.
Quote: