Looking to Open 4 Nutra MIDs in France – No Processing History. Where to Go?

[DenisWhaLLC]

Hi everyone,

I'm looking to set up 4 merchant accounts for Nutra offers in France. The challenge is that there’s no prior processing history, Company is registered in UK and is 6 years old.

Does anyone have recommendations on the best PSPs or acquirers to work with in this case? Any insights or contacts would be highly appreciated!

Thanks in advance.

 

[daniels27]

You can basically use any PSP that caters UK clients. What turnover are you expecting?

 

[DenisWhaLLC]

50000 EUR/Month on 1 MID

 

[fintechwizard]

If your target if French market, are your nutra products registered in France ? That would make a significant difference

 

[DenisWhaLLC]

No, the company is registered in the UK and targets the French market. I'll tell you more: the owner is a Greek national. It still is a globalized world, ain't it

 

[JohnLocke]

What type of nutra's are you selling and where are they from?

 

[DenisWhaLLC]

What type of nutra's are you selling and where are they from?

Keto vitamins/skincare products. Produced in the US, kept at a fulfillment in London, UK

 

[Houdini]

I believe you didn't find a such simple solution as some indicate here!

You need a cloaked solution, everyone into this marked know that you burn merchant accounts / MID's faster than you can eat a big mac at Mc Donalds.

Mentor Group Gold has a very detailed guide actually that explains what you could do, beside that I believe @MichaelUniq has a solution for what you are looking at.

 

[fintechwizard]

Actually some high risk processors are fine with nutra, might cost 4-5% but its possible if entity is european

 

[icecold]

Actually some high risk processors are fine with nutra, might cost 4-5% but its possible if entity is european

mind to mention which one or I can dm you for some names?

4-5% in this industry is very very good rate.

 

[lagloriacubana]

mind to mention which one or I can dm you for some names?

4-5% in this industry is very very good rate.

It is usually 4-5% + what card scheme charges (interchange+ model). As a rough ballpark I count 10%

 

[icecold]

exactly 10% that's more normal, not 4 -5%