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Payment Gateways / Merchant Accounts? (12)

06-26-2017 10:45 AM #1 frozengod (Member)
Payment Gateways / Merchant Accounts?

Hey, we're working in a couple of different directions and didn't start Shopify so far only because we're having an issue with the payments processor.

So far I've tried:
Shopify Payments (Stripe) - Said my US LLC has not real presence in the US (no physical office nor staff) so they declined.
Stripe (Directly contacting them) - Said they are not working with Dropshippers
Sagepay - Said they are just the gateway and we'll need a merchant account in a UK based bank to work with them. (I guess clients won't be billed on my Shopify with them, but go to some external form which will lower CVRs).

Can anyone suggest what are the best approaches when it comes to a payment processor picking?
Where would be a good place to incorporate a e-Com company?
All the big guys seem to be using Stripe, maybe you need to tell Stripe that you're not a dropshipper at first to get an account? Getting banned in the middle of a successful campaign can be pain tho.

P.S I think there's much more to e-Com than just Shopify so I'm going to run ClickFunnels and Custom landers as well.

Thanks.

06-26-2017 11:58 AM #2 robert-e (Member)

I guess it also depends what you are selling, dildos, hemp, maybe guns?

But in reality merchant accounts are a paper exercise, as long as you can tick boxes you should be able to open one. Who is the owner of the US corp? If its a signer then they should provide an address. If its you and you are not in the states I guess it gets more difficult. There are a bunch of ISOs out there who all have dozens of contacts, maybe you should seek some of them out, I can't endorse any cause I don't do ecom but a simple google search will help.

06-26-2017 11:59 AM #3 cbrughmans (Member)

Stripe all the way

06-26-2017 12:07 PM #4 frozengod (Member)

Quote Originally Posted by robert-e View Post
I guess it also depends what you are selling, dildos, hemp, maybe guns?

But in reality merchant accounts are a paper exercise, as long as you can tick boxes you should be able to open one. Who is the owner of the US corp? If its a signer then they should provide an address. If its you and you are not in the states I guess it gets more difficult. There are a bunch of ISOs out there who all have dozens of contacts, maybe you should seek some of them out, I can't endorse any cause I don't do ecom but a simple google search will help.
Selling dildos sound like a lot of fun but it's not the case here. Was just thinking about a general gadgets and cool stuffs store. Didn't quite understand what you mean by ISO's and their contacts.

Quote Originally Posted by cbrughmans View Post
Stripe all the way
Any suggestions on getting a Stripe account going when dropshipping? I have a 10-emails followup with them saying NO in every single one of them.

06-26-2017 12:31 PM #5 manu_adefy (Veteran Member)

Did you say you are dropshipping for Stripe?

Do you have a legit company, with all the details they asked for? We didn't mention we do dropshipping but we also didn't say we don't...

06-26-2017 01:04 PM #6 frozengod (Member)

Quote Originally Posted by manu_adefy View Post
Did you say you are dropshipping for Stripe?

Do you have a legit company, with all the details they asked for? We didn't mention we do dropshipping but we also didn't say we don't...
This is kind of what I wanted to hear. I got a mate with a record of banned Stripe accounts and I was wondering if this happened due to his extremely high refund rates (5%-6%) or because they somehow spotted his business model.
What would you suggest telling them if they ask about dropshipping upon a registration? It's clearly stated on their website that they don't work with dropshipping: http://take.ms/R1RLFM
I don't care to break some rules, it's a hard eco-system so I absolutely don't care as long as they approve me on this.

If it works for you I will probably take the next few weeks to incorporate a Ireland/UK/HK based company and bank account for this.
I know this is not a legal-related forum but maybe you can also advice on which jurisdictions are playing nice with e-Com and Stripe?

06-26-2017 01:48 PM #7 manu_adefy (Veteran Member)

For what it's worth, we are registered in AT and provided all relevant info (company owners, ID checks, etc.), and we haven't had any refund requests yet - no issue whatsoever but low volume. We are just starting though - I'm sure it won't be that easy once we find something we can scale.

Was this mate of yours working under a company or as a sole proprietor?

06-26-2017 05:42 PM #8 frozengod (Member)

Quote Originally Posted by manu_adefy View Post
For what it's worth, we are registered in AT and provided all relevant info (company owners, ID checks, etc.), and we haven't had any refund requests yet - no issue whatsoever but low volume. We are just starting though - I'm sure it won't be that easy once we find something we can scale.

Was this mate of yours working under a company or as a sole proprietor?
Under a company. The thing is he's running BH products on high volumes ($5k+/day) so he's having a different set of issues from someone who's on low volume.
I don't want to pick up his method because it doesn't seem as long-term as I want it to be, ads are getting flagged and accounts are burned in stacks, not talking about the issues he now have with Stripe.
I run enough BH stuff, would really want to add something 'clean' into my arsenal.

06-26-2017 05:52 PM #9 robert-e (Member)

A UK corp should take a day!

06-26-2017 06:01 PM #10 frozengod (Member)

Quote Originally Posted by robert-e View Post
A UK corp should take a day!
What takes a few weeks is the Bank Account, I've done that a few times already so I'm certain there is no way (or at least a way I know of) to get a Bank Account in less than 2 weeks for a non-resident.

06-26-2017 06:07 PM #11 robert-e (Member)

I may have a solution, will write you tomorrow!

06-26-2017 07:13 PM #12 manu_adefy (Veteran Member)

Quote Originally Posted by frozengod View Post
Under a company. The thing is he's running BH products on high volumes ($5k+/day) so he's having a different set of issues from someone who's on low volume.
I don't want to pick up his method because it doesn't seem as long-term as I want it to be, ads are getting flagged and accounts are burned in stacks, not talking about the issues he now have with Stripe.
I run enough BH stuff, would really want to add something 'clean' into my arsenal.
Ah, that explains a lot Good to know.

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