New To Mentor Group Looking For Guidance On High Risk Processing

Hello Guys,

New to mentor group, look forward to learning. I am looking for guidance on high risk credit card processing/high risk merchant services. I have a start up business that offers SARMs for those not familiar they fall under the category of research chemicals depending on where you reside. I myself, am based in Australia however the business will be operating within the UK. Everything is in place and ready to go, the last hurdle is the credit card processing. We have spoken to a lot of processors and the ones that are willing need a UBO within the UK, which I am not able to facilitate. We have been exploring EMI options, which seems a lot more promising. We understand we can offer crypto payment however, it is crucial for our business to obtain credit card processing. We also have 3 companies (AltaPay, DBI, Flexify) that assist in obtaining high risk processors that can promise a minimum of 5 processors however, the fee is expensive to set up and I would prefer to set up myself if possible. I would appreciate any guidance on the following below:

• High risk credit card processing for my business model
• EMI's for high risk merchant accounts
• Any tips on the application process
• If anyone has any experience with high risk with Bankera, Verifo or Finductive

Thanks in advance for any information I look forward to your replies if you need any further information I am happy to PM you.

VESTANON said:

SARMs and its related products are categorically highrisk and mostly undesired due to its grey area usage, and non licensed usage

do start out looking into Jurisdictions where SARMs arent considered highrisk,though point to note processors within Sarms applicable jurisdictions would require docs,entity,banking etc. which should be readily available.

a successful setup for Highrisk ie SARMs category,would Require outright customization, tweaks towards 100% functionality,settlements and payouts longterm.

1. High risk credit card processing for my business model.....(biz model would require a highrisk processor attached with High street bank acct providing a merchant acquirer acct for this purpose specifically+Crypto channel for settled funds, due to your jurisdiction of operations and CRS)

2. EMI's for high risk merchant accounts:
(Probably your best bet might be
ADVcash, Emis are basically Risk Averse. product category would be a hitch, as the propensity towards requesting Licensing based on SARMs would be sure to emerge at some point)

3. Any tips on the application process:
( The Uk Jurisdiction isnt plausible to say the least, whats pertinent should be onboarding with High risk processor readily accepting SARMs, as they would guide as well as request specific documents inrelation to product category )

4. If anyone has any experience with high risk with Bankera, Verifo or Finductive:
( Bankera has a presence on the forum, Verifo ideally onboards mainly US LLCs and entities, along with US banking for settlements based on specific product categories...Finductive never had an upclose experience with them.)

Do Pm if assistantance required.

the below links could provide some ideas as well on how to go about setting up a functional model..

welcome to the MG

Tips,Tweaks and Quirks: A Guided Look Into Online payments for high risk products &Services../

Replica Products & Goods: An Online Card Payment,Gateway And Website Integration Guide../

Thank you for the information I have also sent you a PM.