JOHNNY DOETHE LIFE WHISPERER

Looking for a payment processor for prepaid gift card business

Solis500

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Solis500New MemberAuthor
Joined
Apr 2022
Messages
11

#1

I need help finding a payment processor to redeem visa and mastercard gift cards in large quantity. I'm based in the US and have an registered business with an EIN. The problem I'm running into is that the companies I spoke to are not willing to onboard this type of business model. Can someone please point me in the right direction?

EliasITFake user - Alias of JohnLocke
Joined
Dec 2010
Messages
2,153

#2

You need to base this on darks and well to setup an entire cover business. I hope you do have a large budget for the entire operation. It will be a repeating process.

There is no payment processor that will accept your business model, or did you see any competition in this field doing it the way you want ?

JoshProcessorNew member
Joined
Jun 2022
Messages
4

#3

Questions:

1. How did you acquire these visa/mc giftcards?
2. Are these vanilla cards?
3. Do you have cash receipts for purchasing these giftcards?
4. What's the daily volume you're looking to process?
5. What are the BINS?

lostguyRecognized Voice
Joined
Jun 2016
Messages
565

#4

Wonder what he figured out.

Anyway, are you a rep of a payment processor @JoshProcessor ? why not put your link in the signature so we may check you out dead:-!

JoshProcessorNew member
Joined
Jun 2022
Messages
4

#5

@lostguy i'm not a rep of a payment processor. I process on my own using aggregates and traditional merchant accounts. I also have contacts that can process high volume daily.

koohlFake user - Alias of JohnLocke
Joined
Apr 2022
Messages
575

#6

JoshProcessor said:

@lostguy i'm not a rep of a payment processor. I process on my own using aggregates and traditional merchant accounts. I also have contacts that can process high volume daily.

if you have the contacts, what are you looking for?

Solis500 said:

I need help finding a payment processor to redeem visa and mastercard gift cards in large quantity.

Russian processors will take your business with a kiss.

JoshProcessorNew member
Joined
Jun 2022
Messages
4

#7

most of these gift cards can only be redeemed in the US.

I'm looking for those people who needs help processing US vanilla gift cards, that's all. I've read a lot of threads in the past that they keep getting shut down by payment processors.

EliasITFake user - Alias of JohnLocke
Joined
Dec 2010
Messages
2,153

#8

So what is this thread about. You @JoshProcessor providing a service, or you wanting a processor that can take the business?

JoshProcessorNew member
Joined
Jun 2022
Messages
4

#9

Providing a service

HoneyBooActive Recruit
Joined
Jun 2022
Messages
86

#10

There is a better option, sell them on Paxful for Bitcoin.

You don't need to process them - and buyers usually need them to buy some online credits on US stores and resell them at premium in China and emerging countries.

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