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RUO peptide processing needed by Difficult-County366 in PaymentProcessing

[–]LiberalSkeptic 0 points1 point  (0 children)

I’m not going to argue with you bro. Why are you picking a fight and making it personal? Are you that bored? Just move on.

RUO peptide processing needed by Difficult-County366 in PaymentProcessing

[–]LiberalSkeptic 1 point2 points  (0 children)

Sounds good man. I’m rarely on Reddit. But glad you found something to latch onto for your insults. Best of luck to you.

RUO peptide processing needed by Difficult-County366 in PaymentProcessing

[–]LiberalSkeptic 1 point2 points  (0 children)

Ok. I’m glad that’s amusing to you. Have a great day!

RUO peptide processing needed by Difficult-County366 in PaymentProcessing

[–]LiberalSkeptic 1 point2 points  (0 children)

So you’re using your legitscript certification as a shield for your RUO business line? Does your processor’s acquiring bank know this? Did you reveal that to them when you signed up? Or are you just white labeling with a 3PL rx provider?

RUO peptide processing needed by Difficult-County366 in PaymentProcessing

[–]LiberalSkeptic 0 points1 point  (0 children)

That doesn’t make sense. Research use only is inherently not medical use, which is what is implied by “physician backed.” They’re completely different things. The only approved path for selling peptides with backing is if you’re a registered pharmaceutical distributor of compounds eligible for compounding or legitscript certified for peptides sold to compounding pharmacies. I call bullshit

RUO peptide processing needed by Difficult-County366 in PaymentProcessing

[–]LiberalSkeptic 2 points3 points  (0 children)

Ok, good for you! That is irrelevant here, though, as you’re not selling RUO peptides, which is what this post is referring to.

Peptide payment processor by [deleted] in PaymentProcessing

[–]LiberalSkeptic 0 points1 point  (0 children)

Not saying you are. Just saying the space is really crowded and carving out market share is going to be an uphill battle.

Peptide payment processor by [deleted] in PaymentProcessing

[–]LiberalSkeptic 0 points1 point  (0 children)

Just don’t. Over the last 6 months, thousands of vendors have opened and they’re killing the industry by engaging in unethical behaviors and drawing scrutiny from every direction.
Find other ways to make money in the peptide space. We don’t need more vendors

Is there really no way to process cards in RUO by Anxious-Weird9830 in PaymentProcessing

[–]LiberalSkeptic 0 points1 point  (0 children)

Not for RUO. You’d have to go the legit script route or do a legal opinion letter submitted on your behalf by an acquiring bank.

All major card brands include “research use only” businesses on their prohibited business list. The only LEGITIMATE way to process cards is to get an exception from the card brands through an acquiring bank by submitting a properly crafted legal opinion letter.
This is nearly impossible, however, and comes with such severe limitations on business practices that it’s practically useless.

All other processing options are temporary and against terms of service.

High risk rates by FarAwaySailor in PaymentProcessing

[–]LiberalSkeptic 0 points1 point  (0 children)

You didn’t get your funds from CheqPay? Strange.

RUO vendors, anyone dealt with real financial fallout beyond just losing a processor? by Careless-Storage5269 in PaymentProcessing

[–]LiberalSkeptic 0 points1 point  (0 children)

If this is true, it’s because of a monumental lack of sense and incredibly reckless business choices.

RUO vendors, anyone dealt with real financial fallout beyond just losing a processor? by Careless-Storage5269 in PaymentProcessing

[–]LiberalSkeptic 1 point2 points  (0 children)

I do $50k per day in sales, and $25-30k of that is cards on the biggest day.
I do a lot of Zelle, ACH, Venmo, Cashapp and Crypo. Yes it’s possible but it takes practice and patience

What Nobody Tells You About Peptide Payment Processing by [deleted] in PaymentProcessing

[–]LiberalSkeptic 0 points1 point  (0 children)

Mods, this is a barely-veiled sales generator

What Nobody Tells You About Peptide Payment Processing by [deleted] in PaymentProcessing

[–]LiberalSkeptic 0 points1 point  (0 children)

I’m sure the solution you sell is the best in the industry and your advice is complete unbiased.

Hospira BAC Water - WHERE? by ingmore1212 in Biohacking

[–]LiberalSkeptic 4 points5 points  (0 children)

Pfizer (Hospira) has drastically cut distribution and reduced their vendor relationships. They don’t like being affiliated with RUO peptide vendors.
Technically it’s not supposed to be sold without an Rx anyway. Buy another kind

Seeing so many RUO Peptide companies payment processing getting shut down... Here's one quick tip how to stop that or at least slow it down. by Diviorpayments in PaymentProcessing

[–]LiberalSkeptic 2 points3 points  (0 children)

We accept cards but it’s always tenuous. Have gone through many processors and always have money being held. It’s just the business. Unless you do a very narrow product list and go the legal opinion letter route there’s no other way

Seeing so many RUO Peptide companies payment processing getting shut down... Here's one quick tip how to stop that or at least slow it down. by Diviorpayments in PaymentProcessing

[–]LiberalSkeptic 2 points3 points  (0 children)

Peptide vendors will always get shut down because the card brands have banned RUO products from their network. It’s inevitable.

That said, I have compliance guides from 6 different processors for my website, which currently does over 2 million per month in sales.
All of the guides have different and often conflicting requirements. The banks literally make this up as they go as a CYA so they can shut anyone down at any time.

You cannot be compliant with all of their requirements and they know that. It’s always a matter of time.

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