A

@Jason______A @ChimeraDefi LOL

@ChimeraDefi Fake rich LOL Wanna bet?

The journey from being a fake rich larp to memecoin scammer on this account is wild… now he’s roasting retards to advertise a book? Dafuq is the end goal here. I don’t think he wants to take $1k in sol from a memecoin scammer bro. Maybe he already understands it’s his own fault

@torqmrr Super interesting read

@ecomchud Me

Who’s Hitler in ecom twitter ?

@torqmrr An art form at the end of the day

A Payment processor helped a QR parking scam steal millions. And the parking scam was just one tentacle. Behind it sat a machine. Started in 2016 as a company called Linkmedia. Grew into 300 companies and nearly 3,000 websites. Run out of Dubai. Fronted by 100+ shell companies registered to random houses in the UK. Everything was dressed up to seem like streaming sites, and normal harmless offers etc. But really this fraud ring was running MRR in the back end. The same model as most of you. Recurring billing, big portfolio of MIDs. The difference? Their front end was EXTREMELY ILLEGAL which made everything else also extremely illegal. But, it was kind of elegant. Instead of buying traffic, they stole it. Fake QR codes slapped over public parking meters. Free traffic, zero acquisition cost. You scan to pay for parking, land on a 1:1 clone checkout... And then type your card in yourself. Card Details stored. Passed to the processor. Drained with MRR Maybe the cards were then later sold. The processor pushed nearly £50m of it in a single year. Extremely illegal. And they ran it for the better part of a decade. The processor kept depositing. Kept raising caps. Kept issuing fresh MIDs. But more importantly, KEPT IGNORING. Their own risk team flagged this qr scam merchant a long time ago. Money laundering mentioned all over the file. The higher ups response? An internal doc telling staff not to disclose the "master merchant" structures. They instructed the risk team to not disclose the shadow networks linking hundreds of MIDs, hundreds of entities, and thousands of websites as a single "master merchant". They instructed their team to ignore all that. In writing they told the risk team that they "should not have any knowledge of them." They didn't miss the fraud. The risk team did their job well and caught it. The higher ups just documented a reason not to look. Why? Heres why. By 2019, high-risk clients were 2% of the processor's workload. But 13.6% of its gross margin. 2% of the effort. Nearly 14% of the money. Thats why. They didn't want to walk away from that. Not for fraud. Not for money laundering. Not for anything. So they built a high-risk department and quietly weakened the AML checks to keep them. You are not a merchant to a processor. You're a line in a margin calculation. Fee revenue on one side, liability on the other. Chargebacks, fines, AML exposure and the odds it ends up in the press. They run that math the day you onboard. And every day after. In this case it was a fraud ring laundering money at scale, and the math said protect them for a decade. So what does that make you? A bet. They price you like one. What you pay in fees against what you might cost them in chargebacks, fines, and heat. That's the whole relationship. The relationship is whats important, but the relationship is all about money. Remember that the parking scam got free traffic? No acquisition cost. That meant their economics worked in a way they could afford a higher fee to the payment processor. And the payment processor accepted. Run a clean ship all you want. It doesn't automatically buy you safety, this is why we see clean wh offers going down all the time. It just buys you a slightly better line in the model. But you'll still get cut the day the math flips. They facilitated a fraud ring for a decade because it paid. They'll drop you in a week because you didn't pay enough. It's not ALL about how clean you are. It's about how much you're worth with all things considered. And with the card network monitoring programs, you've become worth less. My point? Maybe you should pay more, you might get treated better.

The greatest weapon in business is your reputation

@stackearnss W

Just Moved to Dubai

@seamlesspro93 Bruce Wayne of Payments.

For the past 12 years we've changed the game with Seamless, and that's what leads to reviews like the one below. With Paynote, we're taking it to a completely different level. Card, ACH and crypto in one place. Instant payouts. Chargeback protection built in instead of bolted on after the fact. And what matters most to our merchants - risk and underwriting are in-house. That's what is going to set us apart from everyone else in the space. When this fully opens up, it's going to change the payment processing space completely. If you want early access or to join the waitlist, DM me.

@justsibaja No

Do you ever get over the amount of money you're making per day having a correlation to how good or bad your mood is.

@FinalPSD all u can do is cycle domains then tbh

@cappedmids meh all the old providers dont do it anymore say its too risky

i just discovered that some anti-viruses will block customers from going to your site if your TP has bad reviews and it calls you a scam

I'll add some actionable advice in here too. Do all the boring stuff nobody wants to do or doesn't look good in a post. Find good partners and build cool things with them, take care of your team, make sure you can fulfil your promises to clients/customers/everyone, stay committed day after day. Do the actual work that will keep you in this game longterm.

@ecomrudolfs “The competition is whooping my ass”

If you selling in the US with US legal setup Seamless is great (for MIDs) (There are options with lower fees tho) If you’re selling in the EU or anywhere else Getting local MIDs is the play If you want multi currency then using a CRM and local MIDs is the best option (Yes it will automatically adjust to customers location) Either way no matter who you use for MIDs you still need a CRM Higher approval rates Better rev per visitor Full customization Apple and google pay tokenization Etc. If you are looking to switch away from SP then send me a DM Will point you in the right direction

@interntagada @nexxnexxnexx 0 play in ur entire life

@nexxnexxnexx @cappedmids I’m THE intern

How to immediately fail at Ecom. - Shopify payments - Whop - Ayden So many better options that won’t close you down or hold ur funds

@seamlesspro93 A lot of guys approach with the “it won’t happen to me” mindset then end up getting shut down. Only takes a few days MAX to get set up the right way… do it right

"Why do I have to fill out an application? Those other guys can approve me instantly" Because any place that approves you in 5 minutes is the same place that shuts you down 3 weeks later (you know who they are). Instant approval means they never underwrote you. They don't understand your business, your model, or your risk. So the second you scale or something looks off, they panic and cut you, hold your funds, hit you with a risk review. You get congratulated on the easy yes and lose everything a month later. If you fill out our application and get onboarded, that won't happen with us. We actually learn your business up front, so when you hit something big there's no hold with us going "what is this guy doing". Anyone can get you approved today but we can actually keep you processing for the next 10+ years with no issues. Do it once and do it right, don't be lazy and end up losing it all.

@brezscales Ball knowledge w frequency

Read 2–3 pages per day Never ignore spirituality, vibrate at a higher frequency

meta... delete related media off the platform immediately.

@ecomrudolfs Aren’t u promoting a MOR…?

I have helped hundreds of brands in all different sizes get setup with MIDs and CRM Its the processing backbone that simply works (You own all the data, you are not tied to one platform, etc.) But, its very simple to mess up and cause more damage than good So lets get into the 5 things to look out for: The first one is high fee MIDs: (I am talking about the ones where you dont even need ITIN or SSN to get approved in the US) They charge insane fees on top of IC For those of you that don’t know how MID % work then here is a quick breakdown Its made of 2 things (for the most part): IC + processor markup % IC is what the default fee is for a card payment (interchange) (the higher quality the card the higher the IC is) It usually is around 0.5%-2% (can be higher) Now about processor markup % Because these platforms give you MIDs with no ITIN or SSN They are taking a massive financial liability and CB risk Basically a MOR model (merchant of record) Thats why they charge insane fees on top They range from 3-5%+ on top of IC And thats how you end up waisting a ton of money by using MIDs that are simply overcharging you 2nd is no localized setups: If you sell in the US then have a US llc, if you sell in Canada then have a Canadian corp Its not that difficult to understand and it will save you so much in fees Plus it will also increase your auth rates 3rd is not applying sooner: The biggest pain is waiting for your ITIN to arrive Cause the US government is slow So always apply for all the needed documents as soon as you can 4th is scammy US signers and IBOs: Always try to find a family member or a friend in the US that can be your US signer if you are not from the US Cause a lot of the services will hold the info and push you to use their shitty MIDs with 6-8% fees 5th is applying for MIDs before you are ready: There is a cooldown period for when you can apply for MIDs from the same provider if you get rejected (not applicable to all) But applying for MIDs without having a team check if your store is optimized for getting approved Will cause higher fees and often your application will get rejected I could keep going but these are the 5 main things you need to be aware of If you are from the US or a foreign founder with ITIN then you dont need to be paying 5-8% for MIDs It just makes no sense Cause there are options for you which only have 2-3% fees (IC + processor markup %) Also an honorable mention: Use a CRM It will allow you to have higher auth rates and way better performance (Through routing and orchestration) If you want my help with getting this setup and you are doing above 100k a month Send me a DM Will see whats the best setup for you to get the lowest fees and have the best possible performance - Rudolfs

I process over $5 billion/year in payments for brands you've all heard of. A lot of you in the industry already know my name but I’ve just never had an online presence before. 12 years ago I started as an affiliate and every time I hit on something good, the processor would come out of nowhere and tell me they couldn't accept us anymore. That's when I realized that having no control kills your business. So me and my two partners built the processing solution we didn’t have back then. Now we run a top 3 high-risk processor in the US, have brands processing $100-$200 million a month through us, and we own an ACH platform on top of it. Brands come to us because when you get big enough, you don't want to be on a platform that you don’t own, you have no control over and the day something goes wrong, nobody picks up to help you. I treat the guy running $5k a month the same as the guy running $500M a month. That's the whole reason I'm getting on here. If you're in ecom, supplements, gaming, adult, info, or anything with recurring billing. I'm the guy you want to know before that happens.

@seamlesspro93 Best in the game. Won’t go anywhere else 🤝🤝

@finityx Renting a bouncing maybach instead of paying mortgage >>>

@cappedmids Investing in a 401K instead of a actual asset lmao