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?
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 ?
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?
@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.
@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.
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.
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.