Credit Repair Merchant Accounts

Why can't I just use my Stripe/PayPal or other common Payment Provider to charge my customers?

Stripe and Paypal and other Providers known as Aggregators cannot be used to charge clients for Credit Repair Services. Credit Repair Services are specifically a violation of their Terms of Use Policy. Their Risk Teams will find out that you are violating your agreement and they will hold your funds and close your account.

How can I best obtain and keep my Credit Repair Services Merchant Account?

With Aacadia Payments, our banking partners that approve Credit Repair have extensive experience in approving credit repair businesses. They specialize in providing payments to businesses just like yours. Banks that already have Credit Repair customers will more quickly approve your business, because this is one of their niche markets.

Credit Repair Companies are more likely to receive disputes and chargebacks from customers due to “Friendly Fraud” Chargebacks

A Friendly Chargeback is a situation in which the customer purchased the goods or service and used their credit card knowingly, but later they dispute the charge.

With regards to Credit Repair Services Companies, if the customers do not get what they expected from the service, they will quickly dispute the transactions for Services Not Provided. Consumers expect for their credit scores to quickly rise and for them to be approved for homes and automobiles that they were not approved for previously.

Aacadia Payments can help drastically reduce the number of incoming chargebacks from your customers by helping your company communicate expectations effectively with your customers at the start of your service.
Managing your customers expectations throughout their Credit Repair experience can help reduce disputes tremendously.

Additionally, making sure your customers know how to contact you and being hyper responsive to inquiries will also help reduce confusion and chargebacks and help your company continue to accept credit card payments with Aacadia Payments.

Merchant Accounts Built for Credit Repair Companies

Credit repair is one of the hardest industries to get payment processing for. The business is heavily regulated, most clients pay month to month, and disputes are common when customers expect faster results than any company can legally promise. Mainstream processors respond by declining credit repair outright or shutting accounts down after a few months of processing. Aacadia Payments works the other way: we place credit repair businesses with banks that already understand the industry.

Why work with Aacadia Payments

• The right bank from day one. We have relationships with 47 banks in the US and the UK and 24+ acquiring solutions, and we match your credit repair business with one that accepts the industry.
• Transparent rates. Typical pricing is 2.99% + $0.12 per transaction, with your final rate based on your volume, average ticket and processing history.
• Recurring billing ready. Monthly service billing runs through the same account — see our recurring billing options.
• No-reserve negotiation. We push for no reserve on every account and tell you before you sign if a bank requires one.
• Approval in about 48 hours once we have your complete application package, with MATCH list help if a past processor flagged you.

We also set up accounts for credit monitoring services, and you can browse every industry we serve on our high risk credit card processing page or start your application now.

Credit Repair Payment Processing FAQs

Why is credit repair considered high risk?

Regulation and chargebacks. Credit repair companies operate under strict federal and state rules, bill clients on recurring plans, and face disputes from customers who expected quicker results. Most banks avoid the category entirely, so you need one that specializes in it.

Can my credit repair company actually get approved?

Yes. If your business is legal, we can get it approved — matching you to a bank that accepts credit repair is how we keep a 99.8% approval rate.

What will processing cost me?

Typical pricing is 2.99% + $0.12 per transaction. Your exact quote depends on your monthly volume, average ticket and processing history, and you see it before you sign anything.

Can I bill clients monthly?

Yes. Our gateways handle recurring billing, so monthly credit repair plans and setup fees both run through one account.

Another processor shut me down. Does that matter?

No. Past declines and closures are exactly what we work around, and if you were placed on the MATCH list, we can help you get removed.

Open your Credit Repair Merchant Account with Aacadia Payments Today!!