Debt Consolidation Merchant Accounts
When filing bankruptcy is the last option a debt consolidation account is highly helpful. These accounts allow needy customers to pay off their debt by making online payments over the phone or through mail.
If you are a debt consolidation merchant account provider, you can offer your customers loans, but such type of lending will be categorized as high risk by banks!
Talk to an expert to get the right solutions – call AMSLV at 702-456-1116 today! A leader in the business for the past 15 years, we have custom solutions for each type of high risk business to suit its given needs – hundreds of businesses are currently enjoying our services, you could be next!
Understanding Why Debt Consolidation is High Risk Business
When customers are unavailable for payments through credit card, check or debit card, the risk of fraud becomes obvious. Other factors that are considered while categorizing a business as high risk are:
- The history and current condition of consumers who need debt consolidation services proving them incapable of paying their bills and the money lent by you
- No negligible credit card history of start-up businesses
AMSLV debt consolidation Merchant Account Solutions
Since we have so many potential offshore acquiring banks associated with us, we make getting a debt consolidation merchant account simple.
Most banks in our huge network have moderate underwriting policies, allowing you to get much higher approval rates than usual.
When you get an offshore merchant account with AMSLV, you get the most competitive rates and do not need to pay any application fee. There are no volume caps and you are eligible for multi-currency processing.
Automated Clearing House Processing Services for Debt Consolidation Businesses
Along with merchant accounts, we offer Automated Clearing House (ACH) payment processing. This facility enables you to process large batches of checks as a debt consolidation merchant.
Once you are accepting electronic checks in large batches:
- You have quick access to funds and are able to process in a few hours
- You can save your consumers’ money by eliminating postage and envelopes
- You are allowed to set up recurring billing payments
How to Apply for a Debt Consolidation Merchant Account with AMSLV
You can contact one of our experienced merchant account managers or sign up online for an application. After submitting all required documents including completed application, you will be matched with a trusted bank. Once the bank replies and approves your application, you can sign the contract and start processing within 24 to 48 hours.
How to Get an AMSLV Debt Consolidation Merchant Account?
Regardless of whether you’re a new entrant, have had a bad experience with the past online payment processing service company or expect very low sales volumes in near future, AMSLV experts will be able to help you out in more ways than you can possibly imagine!
Dial our international toll free number – 702-456-1116 or drop us an email at [email protected] if you’d like to know more about AMSLV’s debt consolidation merchant accounts.
