Reached out to a company that was advertising processing for peptide companys. The option they gave me was for 8.9% + .40 per transaction. 10% reserve which is pretty standard. The part i am questioning is them telling me I need a seperate domain bought that doesnt have anything peptide related in the name. They claim the acquiring bank is aware of the fact that we are a RUO supplier but I'm not buying it. Is this essentially them cloaking and charging us actual processor rates to do it?
Source: r/PaymentProcessing · by /u/Special_Window1731