Merchant Account for Debt Consolidation Businesses
Debt consolidation is when multiple high interest loans are combined into one loan with the goal of having a lower interest rate. Several types of loans can be consolidated such as student loans, medical loans, installment loans, credit card loans, and can even be used for secured loans such as auto loans.
Businesses in this industry work with consumers by offering debt consolidation to help customers reduce their total debt so they are able to pay off their loan in a shorter amount of time.
Businesses in this industry help consumers but in order to successfully run their business a merchant account is needed. Unfortunately, banks and payment processors view businesses in the debt consolidation industry as high risk and will typically turn businesses down when trying to get a merchant account. Many credit card processors such as PayPal, First Data, and others can be hesitant when it comes to providing services to loan modification businesses. They usually have a long application process which can make it difficult to get access to a merchant account with no guarantee that it will even be approved. However, this is where we can help and get your business set up with a merchant account.
What distinguishes us from our competitors?
- Free set up process
- Impeccable customer service
- 100% support throughout your application process
- Competitive and low fees
Our virtual platforms are safe and secure and allow your business to gain your repayment in a number of hours.
We also give you the option of creating a recurring payment, this will make sure the same amount will paid into your businesses account on the same day each month.
Why should you pick us?
If your business is established or newly started, we have many options and will work to help you get a merchant account. We offer great rates, and our friendly and efficient staff will work with you to ensure all your needs are met.
We believe in personalized service. We do not charge application fees or setup fees and will offer you the best rates after a thorough analysis. During our analysis, we look at the history of your business and assess the risk involved. We then work with you to come up with a plan and offer you the best solutions to set up your merchant account.
We have experience and work with businesses like yours and have multiple underwriting banks that are able to handle such situations. In addition, we can provide references and recommendations from businesses we work with that are similar to yours.
In addition, we have a simple billing process for clients through recurring billing which is done once per month. Our customer service and support team are available 24/7 to handle any concerns or needs even after you are set up with a merchant account and your terminal is set
