Bad Credit
What is a High-Risk Merchant Account?
What is a high-risk merchant account? The very term itself – “high risk merchant” – is paradoxical because risk is at the very heart of business. The only reason businesses exist today is because at some point in the past, someone, somewhere, took a risk. And so, businesses are established in this way. But in…
Read MoreThe Risk Paradox
It is an entrepreneur’s job to take risks. But every risk contains the potential for multiple outcomes,success and failure being the most extreme. With risk, like truth, the final outcome is usually to be found in the middle between extremes. An entrepreneur who understands this must be prepared to deal with banks and financial institutions…
Read MoreHow To Get a Merchant Account For a Credit Repair or Credit Counselor Business
Even thoroughly reputable companies that are properly licensed and bonded, and which adhere to Federal consumer law, can find it difficult to obtain a merchant account for a credit repair or credit counselor business. They are not alone. When it comes to Risk and Hard to Place mMerchants overall, 60 industries are considered high…
Read MoreFind the Capital You Need with High Risk Merchant Lenders
Every business requires a funding injection from time to time. Perhaps to finance business expansion, see it through a tricky sales period or to acquire inventory or equipment. Traditional providers, such as banks, may have rejected you application. The question then is where do you turn to obtain that critical capital? Whatever the reason for…
Read MoreHow To Get a Bad Credit Merchant Account For Your Business
You know a merchant account is critical to building your business but poor credit history is holding you back. It may be your business’s record or your own personal situation as the owner. Many businesses have poor credit and low FICO scores. You are certainly not alone. Many of the larger merchant account providers are…
Read MoreGetting a Bad Credit Merchant Account
Consumer credit reporting agency, Experian, estimates that 30% of Americans have poor or bad credit, according to Experian’s 2015 Vantage Score 3.0 data. Those with bad and poor credit have scores between 300 and 600, and, also, giving them the least access to good lending opportunities. On the other end of the spectrum, only 22%…
Read MoreBad Credit Merchant Account for Your Low Credit Business
Do you have past bankruptcies, tax liens, and bad credit? Do you think your business is on the hook? Where to find a payment processing company that’s willing to work with you and can get you a bad credit merchant account easily? Just read this article and you’ll discover. Looking for a High Risk Merchant…
Read MoreGetting a Credit Repair Merchant Account
According to IBISWorld, a global market research firm, there are over 90,000 businesses in the $4 billion credit repair industry. The majority of these businesses are small partnerships or non-employers. A 2016 report showed that the three largest credit repair firms account for less than 5% of the industry’s revenue. Online credit repair services account…
Read MoreHow to Get a TMF High Risk Merchant Account
The terminated merchant file (TMF) or MATCH list is used by credit card companies to screen potential merchants. Those deemed high-risk are placed on the list and so prevented from processing credit card payments or doing future business under any other name. Regardless of the cause – whether it’s a failed business model, fraud, merchant…
Read MoreMerchant Accounts for High Risk Businesses, Bad Credit or Denied Businesses
Having your merchant account application denied is a frustrating experience. With so many customers choosing to pay with a debit or credit card, not having a merchant account can put a huge dent in profits. Below, we outline a number of surprising reasons why your merchant account may be denied. Bad Credit When applying for…
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