3rdparty CC processor

[Phery]

Hello.
I m from Eastern Europe and i would like to become a third party credit card processor for my country.I would like to know some informations regarding this.Maybe someone have the smallest idea.I ve tried in many places to obtain first a merchant account,but no one gives a merchant account for this kind of servicees.They will give you just for your own business.If you have an ecomerce site they will help you but there is no way to get accepted to do 3rdparty CC processing.Some of them explained me that you need tons of cash as insurance and beside this you need an "aggregation account" with the banks .Maybe some one here will be nice to explain me a bit about this process.

Thank you very much.

[Dreamquick]

Based on what I've experienced I'd tend to agree with the sentiments expressed in this thread;

[webmasterworld.com...]

My opinion;

The problem isn't so much having the technology to do what you want (after all it's at most a transactional conversion which any half-decent code monkey could do) - it's about ensuring that everything you have has watertight security and an audit trail from cradle-to-grave for every single transaction.

This translates to massive up-front costs, I imagine you'd require insurance to cover you in the case of fraud, you'd also have to meet the security, privacy etc. requirements of Visa which would doubtlessly require very expensive procedure and code audits - especially if you were hoping to operate in what I'd call a high-risk area (no offense intended).

If you can't meet or afford these then people like Visa will simply not deal with you because of the risk you pose to them in terms of negative publicity.

Visa's absolute answer;

...and now some links (the 2nd one is the most interesting, but I found it and others through the 1st link - god I hate multi-national corporate sites)

[international.visa.com...]

[visaeu.com...]

- Tony