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Originally Posted by dreamstone
Apologies if this is covered somewhere else but can anyone suggest a good direct adult merchant acct?
All merchant accounts we have been offered are just for payouts in arrears of products/services sold. We need one to link into our processing software so our members can pay and receive payments from each other, processing through us and the bank - any ideas?
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Please feel free to contact me about this. I will be happy to help you. In reading your post though, it sounds like you want to create a paypal type of system where members can exchange funds.... an "e-wallet" system. Is this correct?
If that is what you're looking to do, it can certainly be done, but it is more complex than a normal merchant account. Creating an e-wallet
involves a lot more in terms of the application process for the account. It involves a much higher level of risk for the acquirring bank, and there are far fewer banks that will do it. Also, of course, you will need to come up with the software vehicle that will run this system.
Get in touch and I would be happy to discuss it with you.