Looking for a High Risk Merchant Account for Credit Repair?

Look no further than PayKings, the leading experts in getting your Credit Repair Merchant Account set up and ready to accept credit card payments.

Need Payment Processing Solutions for Your Credit Repair Merchant Account?

Credit repair services require credit repair merchant accounts to operate online. This service is vital to the public especially in these times of economic volatility. From recent college graduates with mounds of student debt, to individuals dealing with bankruptcy or foreclosure, more than 68 million people in the United States have low or bad credit. You have the solutions your customers need, but keep getting declined by banks and the most popular payment processors due to the high risk of chargebacks typical with credit education and repair businesses. Merchant Services for Credit Repair Companies PayKings provides high risk merchant accounts for businesses in this unique vertical. Whether your credit repair business is operated through an eCommerce platform or a brick and mortar establishment, you need to secure a high risk merchant credit repair account to accept and process debit and credit card transactions for your services. When the major banks and payment processors like PayPal, Stripe, or Square decline, PayKings work on your behalf to get your high risk credit repair merchant account approved.

Have You Lost Payment Processing for Your Credit Repair Merchant Account?

You are doing the public a valuable service by helping them reduce their debt and rebound their low or bad credit scores so they may live comfortable lives and provide for their families. You have designed a sleek website or remodeled a storefront. And your branding is on point. Now you are ready to get the ball rolling to start making profits. The next step is setting up a merchant account to accept debit and credit card payments for your valuable services. You are preliminarily approved to accept debit and credit card payments and get your credit repair merchant account initially through one of the popular payment processors like PayPal, Stripe, or Square. Then you start seeing a steady stream of revenue rolling in. Everything is fine, right? That’s until the chargebacks start.
Merchant Account for Credit Repair
Once customers start canceling their orders or are not able to pay their invoices, they call the number on the back of their credit cards and demand a refund. You wake up the next day and can’t access the funds collected in your credit repair merchant account. What has happened is the acquiring bank completed their underwriting process and deemed your merchant account as high risk. Don’t panic, though. There are payment processors, like PayKings, that will work on your behalf to negotiate the best rates and secure your business with a high risk recurring billing merchant account.

How Does Being High Risk Affect Your Chances of Getting a Credit Repair Merchant Account?

The two most important factors for businesses with a high risk merchant account status are:


If your business is placed in the high risk category, you are likely going to have a much more difficult underwriting process. You will be required to come up with tax returns, corporate filing paperwork, several months of bank statements, and processing history.



You can also expect higher than normal fees. This includes, but is not limited to, higher fees per transaction, higher fees for monthly statements, and a larger than normal cash reserve to ensure the bank that they are covered in the occurrence of potential chargebacks and or refunds.

Also, keep in mind that the above only applies if a bank decides to approve you, which most will not. It can be incredibly difficult to find a reliable processing partner. You don’t have to go through the run around of applying with several banks only to get declined. PayKings makes getting approved for an airline booking merchant account simple. Get started by filling out our quick and easy form.

PayKings Can Help With Your High Risk Merchant Account For Credit Repair

Credit Repair Merchant Processing
Excessive chargebacks can lead to a credit repair merchant account to be completely shut down with an aggregate payment processor like PayPal, Stripe, or Square. Another common point of conflict that occurs when a merchant operates through an aggregate payment processor is that the “approval process” usually is not an official approval at all. What occurs is that the merchant account is approved on a contingent basis. Then, much later, the backend underwriting process starts. This happens many times after the first request of a customer chargeback. So your organization is labeled as a high risk merchant. That leads to your account being suspended until further notice. In many cases, you are dropped from their platform entirely with no notice.  
PayKings are pioneers in the business of electronic payment processing. This is especially true for high risk merchants that require a high risk recurring billing merchant account. We are the way to avoid the hassle and stress that comes with being dropped by an aggregate payment processor. When you begin with the ideal payment processing company, you are setting your company up for success right from the get-go. Choose one that does their own in-house underwriting such as PayKings. Be sure to discuss the details of your business needs in regards to the types of products and services you offer.
Make sure everything you need to run your business smoothly and efficiently is covered during the underwriting process when applying to your credit education and repair merchant account. Shop your options around and locate a qualified and trustworthy payment processing firm, such as PayKings. We have first-hand experience with credit repair merchant accounts. Make sure to ask all of the questions you can in order to deal with your concerns. Consider asking questions like:
  • Can you approve my particular credit repair company type?
  • How much experience do you have working with companies who need credit repair merchant accounts?
  • What are the fees like?
Once you feel satisfied with your answers, take the five minutes needed to fill out an application for a free quote. Get the payment processing you require and the peace of mind you deserve.

Why PayKings?

PayKings understands the special needs of different credit repair related companies and has created 24+ acquiring banking connections to become experts in getting credit repair merchant accounts set up and accepting online payments.

Looking for a High Risk Merchant Account for Credit Repair?

Our Services

Credit Repair Merchant Account Experts

  • 20+ Proven Bank Relationships
  • Medium/High Risk Accounts
  • Fast Credit Repair Account Approval
  • Large Merchant Case Studies
  • E-Commerce and Retail Options
  • B2B Vendors Supported

Multiple Payment Solutions

  • Multiple E-Commerce Gateway
  • Chargeback Prevention
  • ACH
  • E-Check
  • Credit Cards
  • B2B-Level II/III Data Discounts
  • 3D Secure Frictionless Checkout
  • Mobile Payment
  • EMV Readers

Intuitive Compatibility & Support

  • Gateway Recurring Billing
  • Vault
  • E-Commerce Cart Plugins
  • Developer API / Docs
  • POS/Terminals
  • International Merchant Accounts
  • Dedicated Account Managers

Ready to get started?

Start Accepting Payments Today

Apply for a merchant account