Credit Repair
How 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 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 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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