Hi Scott, When one becomes a third party aggregator in Australia, was curious on a couple things;
1. Is an aggregator required to follow the insanely strict rules in regards to KYC (know your customer), AML (anti-money laundering), CTF (counter terrorism financing) etc.? 2. What methods are there to reduce business risks for other situations, for example of the customer (in your case organizer) is not legitimate, in bankruptcy proceeding, creating false events, etc. Thanks, Varun On Wednesday, January 4, 2012 7:14:12 PM UTC-6, shandsaker wrote: > > We are a 3rd party aggregator of credit card payments in Aus ( > www.eventarc.com) as part of our events business. > > i.e. We take the money into our merchant account and pay out the > respective organiser. > > > It is outrageously...outrageously hard to be a 3rd party payments provider > in Australia (Banks hate us). > > Drop me an email at sc...@eventarc.com <javascript:> with any > questions...happy to help. > > If you have done any US research I would be keen to learn from you, as we > will be launching a new product into the US later this year..where again we > will be a 3rd party payments aggregator. > > Cheers, > Scott. > > > > On 05/01/2012, at 11:50 AM, Chris Hexton wrote: > > Hi all, > > I'm a co-founder of invc.me (http://invc.me), a simple SaaS based > invoicing tool. > > A key aim of ours is to make accepting credit cards for our customers > extremely simple. To do this, we need to become a third party > aggregator. This would mean we can collect payments on _behalf_ of > other merchants. > > If anyone has any experience in setting up a third party payment > aggregation account or knows someone who does, please get in touch. > We're interested in both Australia and the US, though our > understanding of the process in the US is better as there are a few > players who do similar things already and the number of payment > processors that can help underwrite third party aggregators is > greater. > > There is no one who does this well in Australia, so we'd love to be > the ones to make it work. > > Chris > chris AT semblancesystems.com > > > -- -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en --- You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to silicon-beach-australia+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/groups/opt_out.
