Looking for a new payment gateway

MrBearPS

Free Member
Aug 17, 2020
1
0
Hi,
I run a website that allows you to create an account and you can be paid by other members who visit the site and I take a commission of that payment.
I’m trying to find other payment gateways that allow for me to add members as a “sub” on my gateway account so when they have a member make a purchase it automatically gives the master account a commission from that payment and sends the rest to the sub account.
I currently use CCBILL but they take upto 16% commission per transaction themselves.
 
You might want to take a look at Stripe, their fee is about 1.4% + 20p per transaction.

https://stripe.com/docs/connect/collect-then-transfer-guide

application_fee_amount.svg
 
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What is the business sector/vertical?
A high risk one normally, a subscription business or site selling things that an end user doesn't want to see on their credit card statement.

If that's the case, most of the normal PSPs/acquiring banks won't touch them and the customers wont use the sites if they did, as they wont want the company name on the statement!
 
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Reactions: Simon-TP and fisicx
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Make sure Stripe are happy with the service/product you are selling. If it is something in their list of what is regulated or restricted it will prove a waste of time and expense setting it up.

https://stripe.com/en-gb/restricted-businesses

Good advice. So many businesses have set up with Stripe only to find they get closed down shortly after due to their business nature/products being against policy for their payment processing services.
 
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a lot of businesses are aginst stripes terms of service so best to check carefully like Simon said
 
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