The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

Help finding a high risk merchant account for my ecommerce

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

jerberson12

New Contributor
Jul 24, 2018
1
1
3
Hello folks,

I am looking for a good high risk merchant account provider for my ecommerce if somebody can recommend me of one.

-This is for a brand new online store - no payment history
-I will be selling worldwide
-I will have expensive electronics such as mobile phones around $1500 which are targeted by fraudster - possible high chargeback
-Most expensive ticket is $1700
-Monthly revenue is $25k, - I will maintain and not go over that number
-I have personal cash reserve of $10k
-I do not mind if bank implements rolling reserve as long as it is below 50% of the monthly revenue.
-I need a processor that will not terminate even with high chargeback. I assume there are processor that will keep your account running even with high chargeback but they impose higher fees which is still fine with me.

My business model is dropshipping from Aliexpress for customers around the world.
All orders above $100 will be captured but will be subject for identification check before processing and shipping the item.

Appreciate any help you can tell me.
Thank you in advance.

jerberson12
from USA
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Ravens_Shadow

one foot in front of the other
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Oct 2, 2012
929
4,377
1,006
Cary, NC
Obviously if you have a high chargeback rate your business F*cking sucks.

(Possibly a spam post from OP and one below it)
 

ejames

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Nov 5, 2015
97
92
71
New York
Hello folks,

I am looking for a good high risk merchant account provider for my ecommerce if somebody can recommend me of one.

-This is for a brand new online store - no payment history
-I will be selling worldwide
-I will have expensive electronics such as mobile phones around $1500 which are targeted by fraudster - possible high chargeback
-Most expensive ticket is $1700
-Monthly revenue is $25k, - I will maintain and not go over that number
-I have personal cash reserve of $10k
-I do not mind if bank implements rolling reserve as long as it is below 50% of the monthly revenue.
-I need a processor that will not terminate even with high chargeback. I assume there are processor that will keep your account running even with high chargeback but they impose higher fees which is still fine with me.

My business model is dropshipping from Aliexpress for customers around the world.
All orders above $100 will be captured but will be subject for identification check before processing and shipping the item.

Appreciate any help you can tell me.
Thank you in advance.

jerberson12
from USA

We have a high risk gift card business.
We use Uviba to help with fraud and payments. Uviba
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
MARKETPLACE Fox's Web Design Guide: Earn $100K this year (Yes, 2020!) and Go Fastlane
Thanks @Juan Pimentel and @Fox for the kind words. This project was really fun to work on and...
  • Sticky
MARKETPLACE How To Create A 100K-1M+ Sales Funnel
@LynX You know, this is a "Marketplace" Thread. Completely appropriate to offer goods and...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Dropping a quick note in here to say... if you are on TFL, you are part of an elite group of...
  • Sticky
MARKETPLACE KAK’s “Kill Bigger” Incubation Program- With DAILY personal attention.
I joined @Kak's business incubator in the first week of May. During our daily chats we uncovered...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
This is your May reminder that you can do this. I'll keep it short. These are the May promos...
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
Thanks! This is a cool idea, actually. I would like to use your experience as I heard that these...
  • Sticky
FEATURED! Introducing... WEALTH EXPO$ED, A Short Story By MJ DeMarco
would this be available in paper version? I know it's short, but most of my family is...


Visit A Forum Sponsor
sponsor

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom
AdBlock Detected - Please Disable

Yes, ads can be annoying. But please...

...to support the Unscripted/Fastlane mission (and to respect the immense amount of time needed to manage this forum) please DISABLE your ad-block. Thank you.

I've Disabled AdBlock