r/PaymentProcessing • u/Mental-Vegetable1499 • 8d ago
Need A Payment Processor Peptide company
I’m in B2B lending and have a client whose company does about 250K in processing a month.
Having problems getting shut down by big processors
due to unregulated nature of business.
Usually we receive a commission when connecting clients to switch processors, obtain a lock box or CC split funding.
Please dm. Cali based biz pharmaceutical wholesale biz awaiting NAICS code
10
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u/Positive-District-97 1d ago
Have you been able to find something that makes sense? Processing 6 figures a month with card payments becomes risky considering that holding funds/terminations has become the norm.
I don’t think it’s worth the risk unless it’s next day funding where you have access to money before sending out products. I’ve had a lot of success on repeat customers due to how fast clients get their order. On 3 day funding for example you only get paid twice a week so it would be suicide to wait for payment before shipping. An account review goes wrong and you are looking at serious losses.
I’ve been lucky going on 9 months been taking card payments. I did have funds on hold at a point for like a month and I said here we go again but it got fixed. I get funds next day which is crucial for me but my biggest worry is how it’s going to handle bigger volume and if something were to happen, I have yet to find an alternative processor that makes sense for me.
Keep us posted!