Credit Repair Merchant Account

Merchant Accounts for Credit Repair Companies


Getting a Credit Repair Merchant Account is a difficult these days. Credit repair is a high risk business. unfortunately most of the acquirers will not even look at these application. The credit repair industry does experience a high chargeback ratio. This is higher than most of the other industries. Still, credit repair payment processing may be available. Some offshore payment service providers may say yes. These offshore payment processing companies are well known in the industry. They also offer international payment gateway for cross-border payments. We work as your head hunting team and send your application to a processor that may be able to assist. Start your application today. Fill the online credit repair merchant account application form here.


Credit Repair companies need credit card processing solutions. These solutions allow the merchant to accept credit card payments. They also use ACH and Echeck for accepting payments. These solutions get integrated on the merchant’s website. They can integrate buy now buttons using the API or ready-made plugins. Credit repair merchants must use echeck ACH payment gateway. These can be more reliable and less expensive.


There were many credit repair companies, but not any more. It is because there are very few payment processing solutions for credit repair. Payment service providers prefer to work with industries that have low risk. Credit Repair Merchant Accounts are definitely not the accounts these processors like.


It takes time to improve the credit score. The buyer needs to have the patience for the solution to work. In case the buyer is not satisfied he can go to the card issuing bank and ask for a refund. Refund is a Taboo in the payment processing industry. No one likes them and Chargebacks are suicidal and catastrophic.


We will send your application and KYC documents to an offshore solution providers. They may on-board you on their payment platform. The approval rate is not 100% and takes 5-10 days if approved. If Approved they will ask for 10% to 20% rolling reserve. Echeck for credit repair will help you to save on the reserve.


Credit Repair merchants can receive orders from the website. They can also process the requests via the Virtual Terminal/Moto. The Virtual Terminal/ Moto is only available with ACH/Echeck solution. Card processing solutions only offer web-based payments or pay by email link.


Get all the correct KYC documents in place. The Processor will need these at the time of Pre-Verification.
Incorporation Documents, Voided check from the Bank must be available. The documents must be in the correct format. Also provide latest six months banking and processing Statement. You will also need to submit Valid ID and Address proof of all the directors. Pitch a Perfect Business Plan as well.


  • Check your website and update all services, terms, and policies.
  • Check if the contact email and the phone number listed on the site are working.
  • Go back to any of the previous payment provider and clear the pending disputes. See if there are any pending chargebacks and refund settlement. You don’t want your info to be in the Match or TMF List.
  • Check if there are any complaints about your company on the internet. The underwriting team checks all the factors including online reputation.


so true. Every industry including credit repair facing a risk of excessive chargebacks and disputes from customers. Merchants can reduce the chargeback ratio by implementing few simple tools and in the business.

  • Use the services of a reliable Chargeback Alert company
  • Ensure you get the DocuSign agreement signed by the customers.
  • Keep a proactive support team in place.
  • Offer multiple customer care channels to the customer this may include email, Phone, Chat, and web.
  • Above all deliver the service on time and if possible do it before the time.
  • Take the service delivery confirmation from the customer once the service is delivered.

QUADRAPAY ADVANTAGE FOR CREDIT REPAIR PAYMENT PROCESSING is proud to the reseller of many payment processors across the globe. These payment processors offer reliable payment processing solutions. These include merchant accounts for hard to place Credit Repair businesses in the US.

Before we go ahead and explain to you what all options we can offer for your credit repair business, we would like to talk about the industry and why credit repair businesses are significant.

As per Experion Credit 2017, the average vantage score in the USA was 675. The average number of credit cards owned by Americans was 3.1, and the average balance on credit cards was $6,354. Average mortgage debt was $201,811, and average non-mortgage debt was $ 24,706.

As per Credit snapshot by Experion there is a need of credit repair organizations. These organizations can help people in fixing credit scores. There is a huge market for credit repair organization. States like Minnesota have high average Credit score 709. In SC, Oklahoma, Texas, Nevada, Alabama, and Mississippi the credit score ranges from 647 to 657.

As per Experian State of Credit: 2017 people born before 1946 are able to maintain a better vantage score. The crucial challenge is for some of the youngsters or people born after 1982. This generation faces extreme difficulties in maintaining a good credit score.

let’s understand how credit repair companies help people in fixing the credit score.

Most of the credit repair organization work with their clients personally and analyze their banking statements along with credit card statement. They try to find out which particular factor is affecting the client the most and they first try to eliminate the very same debt. They also recommend clients to pay the pending dues on time. Some Credit repair companies may also have tie-ups with few Debt Consolidation companies. Debt consolidation is the process of consolidating all the debt and paying a fixed amount each month.

They also discourage clients from signing for any new credit card until the credit repair process is complete. Usually, the changes will not appear immediately. It takes time for the changes to appear on the credit report. The timeframe may be anything between 45 days to 120 days.

Credit repair Industry Facts and Figures

The credit repair industry is experiencing a decline in the annual revenue. There are two reasons for this decline. The first reason is the consistent growth of the US economy and the second reason is the decline in the US unemployment rate. In other words, people face credit rating issues in case if they are not financially sound. If the economy is economically sound and the unemployment rate is minimal, then people by default start experiencing better credit score.

As per IBISWORLD Credit Repair Services – US Market Research Report, the annual revenue of the credit repair industry is around 4 billion US dollars and is experiencing a negative growth of -4.9 %. This industry employees around 101,1 15 employees and they are roughly about 90000 small, medium and large credit repair companies in the USA.

Impact of transaction information on Credit Repair Merchant Account

This is extremely important to understand and it will help you to use the account for a longer period of time. on the merchant account application, you will see multiple fields. Out of the many, you will also find these Maximum

Credit Repair Industry Codes and Classifications.

The SIC, NAICS, and MCC code for the industry is mentioned below. At the time of approval the payment service provider will identify the specific MCC. The MCC can make an impact on transaction charges and also card usage charges/points.

Conclusion:- As a fast growing merchant account services reseller company. We have made the application process easy. We work with a huge number of credit card processors. If you are struggling with chargebacks then we can assist with chargeback alerts. Our team can also assist credit repair merchants with ACH and Echeck Processing. Whatever is your need lets work on it . Send an email on [email protected]