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Your suggestion could be a possibility but it then introduces fraud on behalf of the buyer that we'd have to account for and put more thought into. We've got t

Your suggestion could be a possibility but it then introduces fraud on behalf of the buyer that we'd have to account for and put more thought into. We've got the Ts & Cs fairly well covered, that's an evolving document though, I think. Perhaps this is a Canadian bank issue, I'm really not sure yet. Our experience has been that every processor we've talked to (And thereby their Acquiring Bank) has told us they couldn't get the model approved before we had gone through the application process. If you're saying that it doesn't seem to be a problem then I'm going to have to go back to the drawing board and scratch my head a bit. There are companies like AirBnB and Yardsellr that have been approved recently.

jeffmould 16y ago
Yes, buyer fraud could be a problem in this scenario and is something that would have to be accounted for. I am not saying it isn't a problem, just that you should expect to have to make concessions in the form of higher reserves and/or fees. Many companies do similar, if not the same, scenarios so it is definitely not impossible or something that is so difficult to accomplish that it is avoided at all costs. From the sound of your response, you have not gone through the application process as of yet, you have just been talking with processors. If this is the case I would suggest going through the application process. They, like you, are trying to reduce risk and are most likely not going to tell you upfront that they can get it approved or not. Try http://globalpaymentsinc.com http://globalpaymentsinc.com I had a customer who used them in the past and was very pleased with their service (although they were selling directly). They offer service in Canada as well.
- kerryfalk 16y ago
  There are two processors that we've gone through the application process with, Global Payments and PayPal. Both denied us citing the business model being the factor they couldn't get through the risk department at the Acquiring Bank.
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jeffmould 16y ago

Yes, buyer fraud could be a problem in this scenario and is something that would have to be accounted for. I am not saying it isn't a problem, just that you should expect to have to make concessions in the form of higher reserves and/or fees. Many companies do similar, if not the same, scenarios so it is definitely not impossible or something that is so difficult to accomplish that it is avoided at all costs. From the sound of your response, you have not gone through the application process as of yet, you have just been talking with processors. If this is the case I would suggest going through the application process. They, like you, are trying to reduce risk and are most likely not going to tell you upfront that they can get it approved or not. Try http://globalpaymentsinc.com http://globalpaymentsinc.com I had a customer who used them in the past and was very pleased with their service (although they were selling directly). They offer service in Canada as well.

kerryfalk 16y ago
There are two processors that we've gone through the application process with, Global Payments and PayPal. Both denied us citing the business model being the factor they couldn't get through the risk department at the Acquiring Bank.

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