Comment · Mon, July 25, 2016
Thoughts/suggestion on products that Ceretropic is uncomfortable selling.
Original post in this thread
sd002002 · 1 points
If anybody is interested, we could form a co-op/LLC/partnership/inc. to re-market these products. Basically we would purchase stuff from Ceretropic and resell them. I think that I may have a way of getting around Ceretropic's banking problem. Where I live there are a few local banks willing to provide banking services to local State legal cannabis businesses. Financial institutions willing to provide services to the federally illegal Marijuana industry may be more willing to deal with the type of product sold by Ceretropic. Also, I'm not sure about this, but it might be possible to find some kind of work-around using shell or dummy corporations.
What they were answering
boilerroombob · 1 points
I know you don't really agree with my aptitude in this arena but if you own both companies how are you not able to facilitate a congruent structure amongst your entire company. Not being rude I'm just simply asking the logical question. It makes no sense to me how you have such grave cc issues if the industry is geared for your success? More importantly utilizing a cc nowadays is rather nill. Again not trying to piss you off
u/MisterYouAreSoDumb
I don't know you. So I have no idea of your aptitude.
I've now literally spoken to more people in the financial services industry than most people out there. We have been denied or dropped by over 40 processors/banks. The president of PayScout told me we were good to go, then was overridden by his risk manager. The president of the bank... I've gone to Mauritius, Malta, UK, China, etc. for processing without luck. I've been contacted by everybody you can possibly think of in the card processing industry; always promising me that we'll be able to get online no problem, only to later find that not to be the case. I have literally tried everything. So please do not act like I am some amateur here, waffling around in incompetence. I've been in direct contact with some of the best people in the world working in the card processing industry, and they have not been able to fix our issues. This is not simply a case of signing up for Stripe, and selling some handmade Christmas ornaments. We were doing more sales volume than I think you are imagining, and we have a very diverse product selection. Pair that with one of our competitors actively trying to sabotage our relations with everyone we work with, and it makes for an extremely difficult situation to solve.
Every time this comes up, someone refers us to people that they think can help us. After this post, I got TWO emails from people saying they can get us setup. I will bet a clay sculpture of Charley Chaplin that these two will end up in the same place the other 40 did, with a "Sorry, I really thought we could get you up and running." I would love to be wrong, and I will literally kiss the person that ultimately fixes it for us. However, I am not holding my breath anymore.