Industries
Credit Repair Merchant Account Solutions
At Zen Payments, we recognize the unique challenges faced by credit repair companies in securing reliable and efficient payment processing services. Traditional banks often won't provide merchant accounts for credit repair companies, even though they are a reputable business. With fifteen years of experience, we have a deep understanding of the industry and expertise in handling high-risk businesses. Because of that, we are committed to delivering secure, transparent, and compliant credit card processing solutions tailored specifically for credit repair companies. Our cutting-edge technology and robust risk management systems ensure seamless payment transactions, allowing you to focus on what you do best - helping your clients improve their credit scores and achieve financial success.
WHY YOU NEED A MERCHANT ACCOUNT AS A
CREDIT REPAIR BUSINESS
Credit repair merchant accounts have never been more important. In today's landscape of economic volatility, access to credit both as an individual consumer and as a business is imperative. Credit repair businesses provide valuable services in helping Americans every day reducing debt and improving their credit scores. Credit repair is an industry that is growing rapidly, but due to their industry, they are considered high-risk merchants, which can make it difficult for them to accept credit card payments.
At Zen Payments, we specialize in helping these high-risk businesses by providing cost-effective credit repair merchant services. Our philosophy is that no good merchant should be left behind. We're able to step in and fill the void when other companies say no or refuse to even consider these types of organizations. You'll work with an experienced provider who cares about you and your business and will become a valued partner in your success.
WHAT MAKES CREDIT REPAIR
COMPANIES HIGH-RISK
Credit repair companies all require a payment processor that is experienced in securing a high-risk merchant account. Credit repair companies are considered high-risk merchants for a couple of reasons.
First, credit repair businesses typically see a high chargeback ratio. Credit repair services are often a high-ticket item, meaning that many chargebacks are very expensive. Many credit repair merchants also use a subscription-based model, which, once again, puts them at high risk for expensive chargebacks.
Second, every merchant in the credit counseling industry is at a higher risk of dealing with fraud from their credit repair clients than other industries. These factors give payment processors pause and may make it difficult for credit repair services companies to find a merchant account provider and offer credit card processing. Companies like Paypal and Stripe include credit repair businesses on their list of companies that violate their terms of policy. You'll need to find a payment processor comfortable with setting up credit repair merchant accounts.
There are also companies outside high-risk industries that are considered high-risk. You may also be considered high-risk if you don't have a credit card processing history, have poor credit personally, or your bank statements show a negative account balance.
YOUR CREDIT REPAIR MERCHANT
ACCOUNT SOLUTION
With this market growing as fast as it is, the time to start your credit repair company is now! We understand the market, and as soon as you fill out an application with us our team will be in touch with you. We will talk you through the next steps of establishing your merchant account, and get you ready to start processing debit and credit card payments. We'll go through your application with you, in order to see what bank you will be the best fit for. We also offer extremely competitive rates and low fees.
If you are starting a new business, it can be difficult to find a payment processor to work with. Most traditional banks will want to see a credit history before setting up a credit repair merchant account for you. Some banks require processing statements, so these wouldn't be a great fit for a brand-new business. However, some other banks we work with love start-ups and are willing to process for you. We have multiple partners so we can find the best fit for your credit repair business, get you the best rate, and then we begin your underwriting process.
Underwriting is a HUGE piece of the puzzle because it separates a consistent payment processor from a company that will lose your ability to process. We take merchants through a strict underwriting process so you can rest assure that you will have a lifelong merchant account once approved. We streamline the process for you and handle everything on our end.
CREDIT REPAIR MERCHANT
ACCOUNT STABILITY
We accept both new and established credit repair merchants, giving all merchants a fighting chance in this growing market. Lucky for you, getting a credit repair merchant account has never been easier with us. We have spent extensive hours finding the best solutions for companies in the credit repair industry and how we can best serve them. We provide partnerships with over 15 banks to ensure that we get you approved and ready to start processing payments immediately.
Why Set up a Credit Repair Merchant Account Through
Zen Payments?
Examples of the additional benefits of choosing the Credit Repair merchant services from Zen Payments include:
A partnership approach
Many of our competitors offer short-term solutions for their clients. At Zen Payments, we look at the big picture. We'll tailor our credit repair business account services to ensure they meet your current and future needs. You can count on us to be there as your company grows.
Fast setup times
We understand how important it is to businesses like yours to get their credit repair merchant accounts operating as quickly as possible. Although our underwriting process is comprehensive, we know how to navigate the obstacles that can prevent a timely approval. We can typically have our clients up and running in two weeks or less.
Stringent security procedures
We also recognize that safeguarding your customers' private information is paramount. An open credit repair merchant account with Zen Payments comes with airtight security. We adhere to all Payment Card Industry Data Security Standard (PCI-DSS) guidelines regarding the processing of payment information, giving you one less thing to worry about.
Easy access to help
Our customer service team is standing by whenever you have a technical issue, need help processing a payment or want to ask a general service question. Contact us by phone or email, and we'll provide an answer as quickly as possible.
Transparent pricing
With our credit repair merchant account services, what you see is what you get when it comes to pricing. You don't have to worry about hidden fees or surprise charges that suddenly appear in a billing statement. We'll even provide an itemized list to ensure you know what you're paying for — and the fees will stay the same from beginning to end.
Multiple options
Most credit repair merchant account providers are lucky to find one banking partner willing to work with companies in the credit repair industry. Zen Payments has long-standing banking relationships with more than 15 reputable financial institutions. With our network of banking partners, we'll find the perfect institution for your merchant account needs.
Zen Payments Makes Setting up
Credit Repair Merchant Accounts Simple
Have you met a lot of resistance in your search for a provider for your high-risk merchant account? At Zen Payments, we understand what you're going through and how frustrating the experience can be. Our soothing zen business philosophy will be a welcome departure from what you've faced throughout your search. Our goal is to put your mind at ease by offering a custom solution that fits your needs and budget. What's more, we'll treat you with dignity and respect, beginning with your first contact. If you are a credit repair company or in the credit repair industry, Zen Payments is the best company to work with. We'll get you set up with a merchant account so you can start accepting credit card payments!
Need a merchant
Account?
If you're looking for payment solutions that will positively impact your business, Zen Payments is ready to help. Get started right now by contacting us online or giving our merchant services specialists a call at 844-661-0725.
Apply Now
sales@zenpayments.com
(877)-511-3402
