Debt Consolidation

In today's marketplace, running an e-commerce business is all about what you can do online including taking client and customer payments. When it comes to taking credit card payments online, which you need to do for e-commerce, you face an uphill battle from a credit card payment processor perspective because that type of transaction is considered high risk. In fact, anything that deviates from what the major card schemes like Visa and MasterCard consider the gold standard - a face-to-face, card-present and swiped transaction - is a calculated, higher risk. Obviously, e-commerce is, overall, a thriving concern, but it is important for you to understand that this segment of the marketplace struggles more to get a card processing account going than brick-and-mortar business owners or merchants.

If you are accepting payments online you add another element of risk to the picture, getting a credit card processing company to accept you as a customer of theirs to accept card transactions online, can get a little dicey. Of course, what constitutes the added risk dictates how far they are willing to go in order to underwrite you as their customer. For payment processors, the business of debt consolidation is one of the highest of risk categories. Debt consolidation, as an industry, comes with a large load of risk just based on the fact that you are working with individuals who are already having trouble making payments to clear their debt. From an underwriting standpoint, this indicates that your business might have a harder time collecting payments from these individuals as well and, therefore, your financial prospects can look unstable.

Most of the big payment processors like First Data, Chase Paymentech, Wells Fargo Merchant Services or even Stripe have strict rules in place that disallow high-risk merchants like debt consolidation companies from being accepted for a merchant account. The calculated chargeback percentage is too high - chargebacks being disputed transactions by your customers who have used their credit cards to pay you. Additionally, if you set up agreements with your customers for recurring payments that process automatically each month, your chargeback risk percentage rises exponentially - further increasing risk for you in processing card payments.

Don't despair, though, because there are solutions for your debt consolidation business, and you can certainly process credit card payments for your customers. You just have to land with the right payment processor that can handle the higher risk category your business is in and has the bank backing that will handle those higher risk merchants, as well. PaymentCloud is exactly that payment processor - willing and able to assist you in getting a new merchant account set up for processing credit card payments without the hassles and rejections you'll have experienced elsewhere. The knowledgeable and responsive team at PaymentCloud understands that your business is about helping people and are dedicated to getting you the level of merchant account you need to be successful.

Getting a new business up and running is hard enough without jumping through unnecessary card processor underwriting hoops. Likewise, if you've been in business for a while and are catching flak from your current processor regarding risk, you really just need a different solution. At PaymentCloud, you will find the assistance, support, state-of-the-art equipment and scalability you need to accept card payments online and grow your business. Skip the aggravation of payment processors with too-strict rules - let PaymentCloud get you started today with our simple, easy application - you can find us at or give us a call at 1-800-988-2215.

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