Debt Consolidation Services

It's not nearly as easy to secure a debt consolidation merchant account as it should be. This important financial service exists to help clients fix their monetary situations; but because the industry is high-risk, many banks are unwilling to offer payment processing services for it.

Online credit card processing is necessary for a debt consolidation company. If you can't accept online payments, you can't help your clients. So, finding a high risk credit card processor that is able and willing to accept your account is the number one priority, because tier one providers don’t have the resources to support debt consolidation credit card processing.

Debt Consolidation Agencies Are Hard to Place

When a bank decides whether to grant a merchant account for debt consolidation services, they always consider the company's chargeback ratio. This ratio reflects the number of canceled, refunded, and disputed transactions that your company experiences each month. Unfortunately, debt consolidation companies often experience a high number of chargebacks; as a result, they are labeled as high-risk businesses, and their merchant account applications are frequently declined.

The increased chargeback ratio that debt consolidation companies experience comes from a variety of factors:

  • Unstable client base
    The debt consolidation industry inherently works with clients who have a history of missed payments. Many people seek debt consolidation when they're under significant financial stress; they may feel the need to dispute a charge for a variety of reasons.
  • Recurring payments
    Many debt consolidation companies charge a recurring fee for their services. Recurring payments almost always increase a company's chargeback ratio, as customer's cards may be charged at unexpected and often inconvenient times.
  • High risk of fraud
    Debt consolidation companies offer a truly necessary service that is made available to a wide array of people. Unfortunately, the benefits of this service can also attract fraudulent practices. Even if you take steps towards risk prevention, a bank may not be willing to take the chance alongside you.

Some payment processors agree to work with debt consolidation companies but revoke the account once the risk becomes apparent. You can't always control your chargeback ratio, but you can choose to work with a debt consolidation credit card processor that wants your business to succeed.

How to Start a Debt Consolidation Business

When you're working in a high tension financial industry, you need a debt consolidator’s credit card processor on your side. You need a payment processor that understands your business model and wants to see you and your clients succeed.

PaymentCloud is a nationally accredited debt consolidation payment processor that specializes in working with high-risk accounts. We offer state-of-the-art processing services to help high-risk businesses like yours make an impact on the market. Trust us to keep your payments secure and assist your customer base as they put their financial lives back together.

A High Risk Credit Card Processor to Help You Succeed

PaymentCloud grants debt consolidation merchant accounts to both new businesses and seasoned companies. We have a variety of tools to help your company reach success.

  • Secure your payments with high-end data encryption and fraud prevention.
  • Lower your risk status with our chargeback reduction suite.
  • Dedicated account representatives to help assist before, during, and after approval.

Apply for a Payment Gateway for Debt Consolidation

Don't waste time applying for merchant accounts with providers who don't understand your market. Reach out to PaymentCloud for reliable payment processing services designed specifically for high-risk industries. We're a debt consolidation payment processor that truly understands the importance of your business model, and we are ready to help you and your clients succeed.

To start the application process, just fill out our simple online form. One of our senior account representatives will contact you to discuss the payment processing services that your business needs. This representative will be assigned to your application in order to better understand the specific needs of you and your business. That way, we can reach out to you with personalized care every step of the way.

We've worked with every type of credit repair and debt consolidation business; start the process today so you can begin accepting online payments as soon as possible.

Let us show you how easy it is to get started.
Contact us at 1-800-988-2215 or by filling out our simple online 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, but 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 funds. You have bills to pay and a business to run, and we understand. That is why PaymentCloud offers next day funding for ALL card types.

Our next day benefits are great for businesses that…

  • Process the bulk of transactions in the evening
  • Process heavy volume during the weekend
  • Are located on the West Coast
  • Have daily or weekly expenses such as payroll, inventory restocking, or shipping costs

Contact PaymentCloud today at 1-800-988-2215 to learn more.

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 business type. Our terminal selections include the latest in EMV Smartchip technology, wireless or PIN pad options, and countertop devices.

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

Contact PaymentCloud today at 1-800-988-2215 to learn more.

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 structures, and technical support.

When you set up your account with us, you will be assigned one of our expert representatives who will set you up with everything you and your business needs. We want to see you succeed and strive to provide the best support that we can.

Your account representative will:

  • Assist you with filling out your application, helping you get approved quicker
  • Walk you through setting up your equipment or electronic processing software
  • Go over pricing structures as well as Visa/MasterCard rates and fees
  • Notify you when industry and/or security updates arise
  • Provide you with personalized customer service when you need it

Contact one of our specialized representatives today at 1-800-988-2215 to learn more.

Competitive Rates

We are proud to offer competitive rates for payment processing services, including highly affordable equipment leases for terminals that accept swiped and keyed-in credit card transactions.

We’ll work with you and try our best to beat competitor rates. Take advantage of our FREE rate comparisons to show just how much you could save.

Contact PaymentCloud today at 1-800-988-2215 to learn more.

Complete payment processing solutions for thousands of clients nationwide