Debt Consolidation Companies
With American household debt at record highs, debt consolidation businesses are seeing increased demand as more Americans seek relief from financial struggles. However, the industry faces significant challenges in accessing payment processing. Banks consider debt consolidation businesses high-risk, making it difficult to secure a merchant account, which is essential for processing card payments.
Safe Merchant Solutions specializes in providing payment solutions for high-risk industries like debt consolidation. With over 15 years of experience and a network of 25+ banking partners, we can help you quickly access the online payments system. Our high-risk payment gateways are tailored to meet the specific needs of debt consolidation businesses, ensuring you can process payments efficiently.
The reasons banks avoid debt consolidation businesses are clear: clients in financial distress, high-ticket transactions, high chargeback rates, and a higher risk of fraud. At Safe Merchant Solutions, we offer fast sign-up, recurring billing, virtual terminals, and advanced tools for dispute management and chargeback reduction. We’re committed to providing the most secure, cost-effective solutions to help your debt consolidation business thrive. Sign up for a free trial today to see how we can help you save time and money.
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