Loading...
Answers
MenuHigh-Risk Merchant Payment Processing: How to work with ISO's offering card processing.
I am not a merchant payment services provider. I don't have time! However, I'm overwhelmed with inbound inquiries from high-risk merchants [CBD, online loans; especially payday...] I have direct relationships with ODFI's/Banks aggressively pursuing these lines of business. My Challenge? MANY ISO's approach me for intros to these banks and credit unions in order to serve their clients. After I make an introduction between the ISO and the bank, I'm left out in the cold. How do I earn perhaps 50 basis points+ for the millions of dollars in monthly transactions AND continue to receive a slice of future business that occurs between the ISO's and my banks? I'm really the conduit under my existing business model.
Answers
Setup your business as a pass through.
You run the transactions + charge a fee.
Likely, for the businesses you mention, they'd be happy to pay a premium fee... as you will be the only payment processor to accept their transactions.
Simply reach out to a high-risk processor and has them if they will pay you for referrals.
Related Questions
-
How many community banks or banks outside the top 10 Credit Card issuers still fund their own credit cards? How many still underwrite them?
small and mid-sized banks continue to offer credit cards, many of which are underwritten in-house.NB
-
Some companies ask you to link your credit card to them so you can track your spending or get discounts by using the card. How do they do that?
Its a combination of the First Data Offerwise Platform and the CardSpring API. You need to get certified by First Data in order to get access to the datasets required to build a service like that.DM
-
Credit Card Dispute
Emphasize the lack of transparency regarding the deposit reduction. If they initially agreed to a lower deposit and then reversed their decision, it's reasonable to dispute the charge. Highlight the absence of a clear refund policy and how it was communicated to you. If they assured you of a refund in case of non-qualification and you didn't provide confidential documents due to privacy concerns, you have grounds for a full refund. Document the communication regarding the application deletion before the stated deadline. If they prematurely terminated your application without giving you the agreed-upon time to consider, it supports your case for a refund. Express your dissatisfaction with their customer service and compare it to your experiences with other agencies. You have the right to choose which services to engage with, and poor service can justify seeking a refund. Privacy and security concerns are valid reasons to withhold confidential information. Emphasize that you were unwilling to compromise your personal information, and this should not disqualify you from a refund. Compile all relevant email communications as evidence for your credit card dispute. Clearly outline your points, focusing on their breach of agreement, lack of transparency, premature application deletion, poor customer service, and your legitimate privacy concerns.AM
-
What is the best credit card payment solution company for website?
I have implemented a number of different solutions for similar models and found that Stripe is best (http://www.stripe.com)TW
-
How do banks and fintech's issue credit cards on the back end? I'm looking for very granular steps.
Answers vary based on... Time/Budget/Will/Expertise you possess. Projects with $0 budget verses $10M budget have very different answers. Also, Time comes into effect, as money always has a time value. Say you have $1M LOC to draw on + you'd like the shortest path to a selling your company for $10M+, then this will also be a very different answer. Start with your Exit Strategy + time target of your Exit. Then work backward, designing offerings you create.DF
the startups.com platform
Copyright © 2025 Startups.com. All rights reserved.