Looking for a High Risk Merchant Account for Credit Repair?
Look no further than PayKings, the leading experts in getting your Credit Repair Merchant Account set up and ready to accept credit card payments.
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Need Payment Processing Solutions for Your Credit Repair Merchant Account?Credit repair services require credit repair merchant accounts to operate online. This service is vital to the public especially in these times of economic volatility. From recent college graduates with mounds of student debt, to individuals dealing with bankruptcy or foreclosure, more than 68 million people in the United States have low or bad credit. You have the solutions your customers need, but keep getting declined by banks and the most popular payment processors due to the high risk of chargebacks typical with credit education and repair businesses.
PayKings provides high risk merchant accounts for businesses in this unique vertical. Whether your credit repair business is operated through an eCommerce platform or a brick and mortar establishment, you need to secure a high risk merchant credit repair account to accept and process debit and credit card transactions for your services. When the major banks and payment processors like PayPal, Stripe, or Square decline, PayKings work on your behalf to get your high risk credit repair merchant account approved.
Have You Lost Payment Processing for Your Credit Repair Merchant Account?
The next step is setting up a merchant account to accept debit and credit card payments for your valuable services. You are preliminarily approved to accept debit and credit card payments and get your credit repair merchant account initially through one of the popular payment processors like PayPal, Stripe, or Square. Then you start seeing a steady stream of revenue rolling in. Everything is fine, right? That’s until the chargebacks start.
How Does Being High Risk Affect Your Chances of Getting a Credit Repair Merchant Account?The two most important factors for businesses with a high risk merchant account status are:
If your business is placed in the high risk category, you are likely going to have a much more difficult underwriting process. You will be required to come up with tax returns, corporate filing paperwork, several months of bank statements, and processing history.
Also, keep in mind that the above only applies if a bank decides to approve you, which most will not. It can be incredibly difficult to find a reliable processing partner. You don’t have to go through the run around of applying with several banks only to get declined. PayKings makes getting approved for an airline booking merchant account simple. Get started by filling out our quick and easy form.
PayKings Can Help With Your High Risk Merchant Account For Credit Repair
What occurs is that the merchant account is approved on a contingent basis. Then, much later, the backend underwriting process starts. This happens many times after the first request of a customer chargeback. So your organization is labeled as a high risk merchant. That leads to your account being suspended until further notice. In many cases, you are dropped from their platform entirely with no notice.
Consider asking questions like:
- Can you approve my particular credit repair company type?
- How much experience do you have working with companies who need credit repair merchant accounts?
- What are the fees like?
PayKings understands the special needs of different credit repair related companies and has created 24+ acquiring banking connections to become experts in getting credit repair merchant accounts set up and accepting online payments.
Credit Repair Merchant Account Experts
- 20+ Proven Bank Relationships
- Medium/High Risk Accounts
- Fast Credit Repair Account Approval
- Large Merchant Case Studies
- E-Commerce and Retail Options
- B2B Vendors Supported
Multiple Payment Solutions
- Multiple E-Commerce Gateway
- Chargeback Prevention
- Credit Cards
- B2B-Level II/III Data Discounts
- 3D Secure Frictionless Checkout
- Mobile Payment
- EMV Readers
Intuitive Compatibility & Support
- Gateway Recurring Billing
- E-Commerce Cart Plugins
- Developer API / Docs
- International Merchant Accounts
- Dedicated Account Managers