What most people are doing, is using
virtual terminal. Collecting the
credit card data at checkout and entering it manually.
This is what Indian Call Centers do who are cashing out your credit cards. This is what many companies are doing who sell banned goods.
Do not apply for a low risk industry, why? Bc when your chargebacks start coming in out of line with expected industry thats a question to investigate. Getting virtual terminals in and of itself can be seen as
high risk.
You can avoid having a website also by getting a MOTO account which is you take orders over the phone. That is high risk usually as well.
Anyway what people do is get a bunch of the accounts, and run them til they lose them, then add the next account. Accounts can last until a chargebacks get the processor to investigate the site. With a MOTO, there is no site to investigate at least.
You may file extra charges on your account to bring down the chargeback %, but with any volume, youll have to pay someone just to do that. For example if you have 50 chargebacks on 1,000 transactions, youre at 5% chargeback ratio.
Adding 500 charges (with
VCC) will bring you to 50 CB on 1,500 transactions, 3.3%, still high but doable, maybe.
Youd have to add 1,000 charges to bring it down to 2.5%
You can see how that would be an issue when dealing with volume. Hire a virtual assistant to create 200 VCC a day and maybe you can work around that lol. Of course, if only doing a few hundred transactions its much less work.
You can also automate the process with VCC subscriptions I just realized lol.
Create 500 VCC, set them on a subscription every week to be charged, and you now have an extra 2,000 charges per month.
