Payment processors with minimal paperwork?
 

Just looked at agilepay and they're asking for utility bills. :(

Ok. ~$25-$200 pdfs. R-rated to mainstream.

Pays out to my paypal, debit card, bank, or...

Asks for name and ID but not a "million" other documents.

The buyer transactions are NOT connected via stripe, paypal or other censor-happy orgs.

No annual fee.

Pm if it's a secret gem.

Thnks.

you can make one lol

If you're selling adult related products, there is a high risk registration fee, regardless of what processor you go with. Unless of course they are miss coding the account, which will get you shut down.

LAUCHARGE HI RISK MERCHANT

20% discount on services recommended by "Kuprum".

TG - @Laucharge

TG - @Lauchargepay

Hello Mitch ol friend - haven't talked to you in a long time and hope all is well with you.

Glad you spoke up and put it in plain common sense language - to many offering anything you want without the warning that it can be illegal and could get you shut down. I appreciate you jumping in and mentioning this.

I think I am down by $30+ K on secret gems.

message sent

Thanks much and I hope you are well!

Mitch

I know paypal does not process ADULT, but would they process a site like feetfinder which they claim no nudity?

What PP processes, or not, is a black box.

I see more and more turning to Bitcoin. Bitcoin requires no paperwork.

^ In a perfect world...

If you are a business accepting Bitcoin/crypto, then there is lots of paperwork.

I've tried signing up for accounts with Coingate and BitPay because I want crypto payments to settle as USD automatically. The paperwork these crypto companies require far exceeds any paperwork I've ever needed to provide for any credit card processor + bank loan + home mortgage paperwork combined. These fuckin crypto companies are KYC Super Max Plus

Why you do not use services about it

Try Atlos.io There is no KYC or any paperwork at all. No account approval required. It accepts payments in stablecoins like USDC, USDT, etc. Works with any business. Dm me if you need help with integration.

That is essentially transferring from 1 wallet to another, the most basic integration possible.

Let me know once I can use the service to allow my users to pay via BTC, BCH, ETH and then have those funds settle into my US Bank account AUTOMATICALLY. No crypto wallet needed on my end.

What you are asking requires exchanging crypto into fiat. For legal reasons in the US (and most other countries), this action requires KYC and the many restrictions on the types of businesses that can be accepted. It's way easier to just get a crypto wallet and receive funds there instead. Takes just a couple of minutes.

If you do need to exchange some of that crypto into fiat, you can open a separate exchange account or do an OTC trade.

To pay for hosting costs, pay employees, pay the mortgage, taxes, etc requires fiat. You can't operate and grow a real business without fiat. So by your solution means the business owner would need to have a crypto exchange account (KYC) and manually settle thousands of transactions to fiat currency hopefully before the crypto swings and dips another 10% within 24 hours. Sounds like a daily headache for any business owner.

For crypto to be accepted in any useful way, a business would need to settle funds automatically to hedge against the high volatility. Even stablecoins would need to be converted to fiat for it to be useful in handling your business operations.

So to accept crypto to run a business requires a ton of paperwork.

You have good points. Let me try to answer them.

We work with stablecoins, such as USDC, USDT, etc. USDC in particular is issued by a regulated US entity. It is as stable and reliable as the US dollar for all practical purposes.

My point was that it's way easier and cost efficient to use our solution and open a crypto exchange account than to get a high-risk merchant account. Anyone can get an exchange account (unless they are on the denied persons list).

High-risk merchant accounts are opened on case-by-case basis, require a lot of paperwork, cost an arm and a leg, and come with a risk of being terminated and funds being frozen unexpectedly.

There are also ways of trading crypto to fiat over the counter if no KYC is a hard requirement.

Not at all. You can just transfer the crypto accumulated in your wallet to the exchange once a month or as needed to pay bills. There is no risk of stablecoins dipping.

You can actually pay for 90% of your expenses in crypto. Just get a crypto debit card. Many employees and contractors also prefer getting paid in crypto, especially the ones overseas. Keeping all your funds at a bank is a bad idea in my opinion, but that's a whole other topic.

To use our payment solution plus a crypto exchange will only require an ID.

Homie, you want to get fiat, you have to play by fiat rules. There's no getting around it and I guarantee someone doing $25-200/per transaction ain't gonna have the pull to demand anything.

Good luck building your own payment processor, you'll quickly learn you'll be bound by the same laws and regulations that you demand others to not deal with to support you, or you lose out on 99% of the way your buyers will pay...

Epoch is best