Credit Repair Industries
Get approved quickly and bring in support for your credit repair business by choosing Revitpay as your merchant services provider. Revitpay specializes in dealing with credit repair merchants and provides tools to assist the journey to better credit scores.
Get approved quickly and bring in support for your credit repair business by choosing Revitpay as your merchant services provider.
- Multiple Processing Accounts
- Recurring Payment Support
- Chargeback Mitigation
- PCI Compliance
- Fast Approvals
- And More…
https://www.revitpay.com/wp-content/uploads/2021/11/credit-repair-great-credit.pngChallenges of a Credit Repair Business
Any business dealing with loans and credit are considered to be high risk. There is uncertainty regarding merchants’ clients being able to pay on time. There are many factors that contribute to the challenges, the most common challenges are listed below.
Illegitimate credit repair businesses and unreliable clientele increases the industry’s risk. Reputation discourages tier one banks and processors from working with credit repair companies. This stands in the way of credit repair companies obtaining quality merchant accounts. Revitpay specializes in high risk processing and provide industry experience to complement your hard work.
Clients with bad intentions can take advantage of risky businesses and make them targets for fraud. A high risk merchant without the proper prevention and protection tools make them vulnerable to fraudulent charges.
Credit repair services can cost at least $50 to $150 per month. In addition to subscription-based processing, these high-cost payments can affect a merchant account negatively in the case of a dispute.
Credit repair businesses require certain compliance, especially on eCommerce storefronts. Credit repair benefit many, but can come under heavy scrutiny. Revitpay is well-versed PCI and credit repair compliance and can keep your online store up-to-date.
Disgruntled clients can charge disputes against credit repair companies for unfair reasons – such as being unable to pay the recurring charge for the service. They can have the bank process stop payments instead of continuing their payments. This adds to the uncertainty credit repair businesses face.
RevitPay’s Credit Repair Solutions
It’s not a one size fits all, it’s a custom tailored solution specific to your business.
Bank Partners
Revitpay have more than two dozen compliant bank partners that specialize in providing high risk merchant accounts, and some specific to credit repair businesses. With us, there’s no need to hunt down a bank – we have that covered for you.
Chargeback Alerts
Fraud detection algorithms will notify merchants when a client files a dispute against them. These disputes become chargeback if they remain unsolved. The chargeback alerts will let you know a few days before a chargeback can process so that you can solve the issue with the customer.
Fraud Protection
We provide all of your fraud protection and prevention strategies, including complimentary fraud screenings. We do our best to reduce your chargeback rate to as low as 1% and continue to mitigate your business’s risk.
ACH & eCheck Processing
Provide your clients additional payment options beyond credit cards. Revitpay offers ACH and eCheck processing, which offers lower interchange fees and security.
Easy Customer Handling
Our payment gateways support recurring payments and store customer information all in one place. Instead of keeping information all over the place, data and invoicing is available in one tap.
We Have What You Need
Revitpay can get you fast approval for a merchant account, regardless of your risk level. Our tools and services keep up-to-date with industries so that we can keep your business at the top of its game.