Bank for payment processing of sweepstakes

[os0281]

Hi there
Currently looking for a bank that can process Sweeps.
Or at least not be too hard on companies that receive charge backs, or fraud requests.
If that even exist any longer?

 

[kislokan]

You can use cryptomus fiat > crypto processor. Up to €300 transaction before KYC

 

[forward]

Hi there
Currently looking for a bank that can process Sweeps.
Or at least not be too hard on companies that receive charge backs, or fraud requests.
If that even exist any longer?

what are the volumes? and geo's?

 

[ilke]

You can use cryptomus fiat > crypto processor. Up to €300 transaction before KYC

This is a pretty good solution. The same is achievable with UTRG or Swipelux; the latter is specifically ready to act as on-ramp agent for iGaming/similar high-risk.

 

[kislokan]

This is a pretty good solution. The same is achievable with UTRG or Swipelux; the latter is specifically ready to act as on-ramp agent for iGaming/similar high-risk.

swipelux wanted a huge set up fee and then reduced it to $500 hmmm. cryptomus is just making an account and getting your site approved in 24hrs, easy.

 

[os0281]

Wauw! Thanks for all your inputs.
Didn't expect that.

I checked out Cryptomus, and it seems like they only offer customers to pay via. Crypto, and then its paid out in Crypto, right?

 

[os0281]

what are the volumes? and geo's?

Around 1000 conversions per month.
GEO's, FR, IT, AT, DK, NO, UK, AU, and yeah.
Mainly tier 1.

 

[os0281]

You can use cryptomus fiat > crypto processor. Up to €300 transaction before KYC

I checked out Cryptomus, and it seems like they only offer customers to pay via. Crypto, and then its paid out in Crypto, right?

 

[padres123]

In cryptomus, liquidity is very low. I found only three P2P offers.

 

[JohnLocke]

In cryptomus, liquidity is very low. I found only three P2P offers.

which one?

I checked out Cryptomus, and it seems like they only offer customers to pay via. Crypto, and then its paid out in Crypto, right?

same what we found when doing research for crypto payment gateways.

 

[kislokan]

I checked out Cryptomus, and it seems like they only offer customers to pay via. Crypto, and then its paid out in Crypto, right?

They offer fiat > to crypto unless something has changed. I checked as little as 2 weeks ago.

https://cryptomus.com/blog/fiat-to-...RHdsiqKo-_VIaDMNZ2FD_wwfSU4PBQ9FPkfXZYJ0BCk0z

 

[daniels27]

They offer fiat > to crypto unless something has changed. I checked as little as 2 weeks ago.

https://cryptomus.com/blog/fiat-to-...RHdsiqKo-_VIaDMNZ2FD_wwfSU4PBQ9FPkfXZYJ0BCk0z

This is a blog. You can check the faq here:
https://cryptomus.com/faq/can-i-receive-payments-in-fiat

Can I receive payments in fiat?
Yes, it is possible with our on-ramp provider. Unlike other payment options available on Cryptomus, the on-ramp provider does not require installation. Simply send a payment link to your customers, allowing them to choose fiat as their payment method.

Please note that customers must be authorized on the on-ramp provider platform and complete KYC verification before making their first payment.

I don't know anybody who would do KYC to pay a pr0n site, let alone some shady sweeps page you land on by accident only and need to trick people into giving card details for a "free" chance. But if you manage that, congrats to you!

It is always great how we discuss payments for the most absurd scam on the entire internet while in the neighbouring thread users are outraged about having been scammed by others. The way you treat you clients dictates what suppliers want to work with you. Think about this for a while before you sign up with the most scammy provider.

 

[kislokan]

This is a blog. You can check the faq here:
https://cryptomus.com/faq/can-i-receive-payments-in-fiat

I don't know anybody who would do KYC to pay a pr0n site, let alone some shady sweeps page you land on by accident only and need to trick people into giving card details for a "free" chance. But if you manage that, congrats to you!

It is always great how we discuss payments for the most absurd scam on the entire internet while in the neighbouring thread users are outraged about having been scammed by others. The way you treat you clients dictates what suppliers want to work with you. Think about this for a while before you sign up with the most scammy provider.

The limit limit of the transaction value was €300 before kyc but they seem to have removed this from there site quite recently

 

[daniels27]

The limit limit of the transaction value was €300 before kyc but they seem to have removed this from there site quite recently

Yes. Then it is literally useless for selling things people would not want to buy in the first place. And for a honest business, I am also not sure. Who would do KYC just to pay John Locke for his membership here?

 

[kislokan]

Yes. Then it is literally useless for selling things people would not want to buy in the first place. And for a honest business, I am also not sure. Who would do KYC just to pay John Locke for his membership here?

You need to calm down friend I was just trying to be helpful. I have no idea about his business I was just offering a possible solution.

 

[daniels27]

You need to calm down friend I was just trying to be helpful. I have no idea about his business I was just offering a possible solution.

@kislokan sorry for my message. I probably wrote it in a a bit too ambiguous. I do appreciate your input and your presence here matters to many. By no way was I trying to offend you or anything the like. It was more meant to be a question. I do not have an account there and have only checked the faq. Do you know if KYC is indeed required from 1 cent on? And if this is the case, is it then really useless for OPs case or what do you think?

From what he writes, he tricks people into a subscription for 49 per week when they just need to enter their credit card in order to claim their free win 500 shopping voucher (a*s seen on spam).

 

[kislokan]

@kislokan sorry for my message. I probably wrote it in a a bit too ambiguous. I do appreciate your input and your presence here matters to many. By no way was I trying to offend you or anything the like. It was more meant to be a question. I do not have an account there and have only checked the faq. Do you know if KYC is indeed required from 1 cent on? And if this is the case, is it then really useless for OPs case or what do you think?

From what he writes, he tricks people into a subscription for 49 per week when they just need to enter their credit card in order to claim their free win 500 shopping voucher (a*s seen on spam).

No problems bro it was early in the morning for me so probably read it wrong lol. Anyway I reached out to their support and they have changed their rules now so it is indeed useless. Also I don’t condone any spam/scam sh*t I’m here for real business.

 

[Sols]

Around 1000 conversions per month.
GEO's, FR, IT, AT, DK, NO, UK, AU, and yeah.
Mainly tier 1.

Sweepstakes is a US specific legal exception available in many (but not all) states. It means absolutely nothing in FR, IT, AT, DK, NO, UK, AU, and yeah. Just to manage your expectations a bit. What you're talking about is an unlicensed casino. That doesn't make your project impossible, just harder.

 

[daniels27]

Sweepstakes is a US specific legal exception available in many (but not all) states. It means absolutely nothing in FR, IT, AT, DK, NO, UK, AU, and yeah. Just to manage your expectations a bit. What you're talking about is an unlicensed casino. That doesn't make your project impossible, just harder.

It is an illegal casino. And maybe also fraud if it is what I am getting as spam.

 

[drillbill]

illegal or legal doesn't matter in the thread, it's about payment processing. There are many good crypto payment gateways, have you researched about to find some of them?

Thread 'Top 10 Most Reputable Crypto Payment Gateways & A Few Alternatives'

Nov 16, 2021

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The cryptocurrency market has exploded over the past years. The speed of this market is incredibly high, making the less experienced struggling to keep up with it. There are over 13,000 different types of cryptocurrencies out there, while the overall market capitalization exceeds $200B. Market research estimates this industry will grow even further – up to 25% per year.

Now, when it comes to crypto payment gateways, your options may not be as diversified, but it is still difficult to make a decision. You do have options out there. However, you have to avoid...

• JohnLocke
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• Forum: Finance & Crypto Insights

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