Credit Repair

Helping others repair their credit has blossomed into a massive $4 billion industry. According to IBISWorld, as of January 2017, more than 90,000 such businesses opened. Businesses comprising that huge figure vary from the large corporations running TV ads to small businesses run as partnerships. Although the businesses provide a necessary service, banks and online payment gateways make obtaining the needed credit repair merchant account tough.

Ironically, it goes against most banks credit policies to provide a merchant account to a credit repair firm. Credit repair businesses experience a high volume of chargebacks, sometimes these can be in the double digits. A charge back refers to when a customer disputes a charge by calling the number on the back of their credit card.

Common payment facilitators like PayPal and Stripe don't offer merchant accounts to credit repair companies as they share the same tier one credit policy. This type of business violates their Terms of Service. A credit repair company may process neither credit card payments nor ACH Transfers using their services. If you have a credit repair agency and somehow managed to stay under the radar, just know you run the risk of termination and they can hold your funds until the chargeback liability period expires.

That leaves providing credit repair merchant processing to other financial institutions, like PaymentCloud. We're a merchant services company that specializes in providing merchant accounts to credit repair companies that are deemed high risk. With an account from us, you'll be able to accept credit cards and e-checks without worrying about getting shut down for your industry type.

We have relationships with banks that allow for credit repair agencies and that are comfortable with the business type. We also have charge back mitigation tools to help you maintain a healthy processing account so you don’t get shut down. Keeping your chargebacks in order is very important as banks have an acceptable chargeback ratio that merchants must adhere to, if the ratio is too high the account is deemed to risky and will be shut down.

Our application process is quite simple. We need to send an application to the bank along with the supporting documents listed to the right. Our trained account executives will hold your hand throughout the entire underwriting process and help expedite as much as they can. To get started simply call the number above or fill out the contact form.

Full-Service Merchant Services

PaymentCloud is a full-service ISO dedicated to providing innovative solutions and unparalleled customer service. The merchant services field is antiquated to say the least; we aim to break out of the status quo. Our suite of innovative services was built to save you time and money.

Quick Deposits

As a business owner, you should never have to wait for access to your hard-earned capital! This is the reason PaymentCloud offers next day funding for ALL card types. We understand that merchants have bills to pay and need funds to run a successful business on a daily basis, so we do not make you wait to access your funds.

Next day funding benefits…

  • Businesses that process the bulk of transactions in the evening
  • Businesses located on the West Coast
  • Merchants who process heavy volume during the weekend
  • Businesses that have daily or weekly expenses like weekly payroll, restocking inventory and shipping costs

Your business already earned the money, so you shouldn’t have to wait for it! Contact PaymentCloud today to learn more at 1-800-988-2215.

Innovative Technology

PaymentCloud is an industry leader in product innovation and cutting-edge technology. We provide our merchants with payment processing solutions customized to their businesses types. Our terminal selections include the latest in EMV Smartchip technology, wireless options, countertop devices, and PIN Pad options.

We also offer mobile processing hardware and applications, tablet POS systems, and our secure online payment gateways. Your account executive will assess the needs of your business and set you up with the solution that best fits your needs.

Dedicated Account Rep

At PaymentCloud, customer and technical support are aspects of the business that we take seriously. Each of our account representatives is rigorously trained in merchant services, product specifications, pricing structure, and technical support. When you set up your account with PaymentCloud, you will be assigned one of our expert account representatives who will set you up with everything you need to process with us. Our customers’ needs and success are our first priority.

Your account representative will:

  • Assist you with filling out your application, which will help you get approved quickly
  • Walk you through setting up your equipment or electronic processing software
  • Go over pricing structure and Visa/MasterCard rates and fees
  • Notify you when industry and/or security updates arise
  • Provide you with personalized customer service when you need it and contact us

Competitive Rates

PaymentCloud is proud to offer competitive rates for payment processing services, including highly affordable equipment leases for terminals that accept swiped credit cards and keyed-in transactions. We’ll work with you and compete with other processors to give you our most affordable rates. We even offer FREE rate comparisons to show just how much you save.

Call a PaymentCloud account executive at 1-800-988-2215 to learn more about our low rates.

Complete payment processing solutions for thousands of clients nationwide