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You don't want to be an MSP unless you're doing enough aggregate transaction volume to manage the risk adequately. You can become a reseller for authorize.net
by olefoo 18y ago
You don't want to be an MSP unless you're doing enough aggregate transaction volume to manage the risk adequately.
You can become a reseller for authorize.net or join any of a number of affiliate programs for payment gateways but you should plan on having to walk your customers through the approval process themselves. If your customers aren't large enough ( > $2000 USD/month txvolume ) to get their own merchant accounts you are stuck with one of amazon, googlecheckout, paypal or possibly getting your own merchant account.
Be sure you understand the risk you are taking when you start handling other peoples money, you will be liable for non-delivery and fraud from your customers and your customers customers.
- izak30 18y agoYeah, that's part of what I'm asking. I'm aware of a possible chicken and egg problem, and what I'm wondering is if MSPs/ISOs are generally underwritten by the providing bank? It's very difficult to get information on this.
- olefoo 18y agoTake a look at http://cardpaysolve.com http://cardpaysolve.com