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Are You in Need of Payment Processing Solutions for Your Credit Repair Merchant Account?

Credit Repair services are vital to the public especially in these times of economic turmoil. From recent college graduates with high student debt, to individuals dealing with bankruptcy or foreclosure, more than 70 million people in the United States have low or bad credit. You have the solutions your customers need but keep getting declined by the banks and the most popular payment processors due to the high risk of chargebacks typical with credit education and repair businesses.

What you need is high risk merchant account for your credit repair business. Whether your credit repair business is operated through an eCommerce platform or a brick and mortar location, you need to secure a high-risk merchant credit repair account to accept and process debit and credit card transactions for your services. When the major banks and payment processors like PayPal, Stripe, Square and others decline, Double Helix Processing work on your behalf to get your high-risk credit repair merchant account approved.

Have You Lost Your Existing Payment Processing for Your Credit Repair Merchant Account?

You are delivering a valuable service by helping them the public to reduce their debt and rebound their low or bad credit scores so they may live comfortable lives and provide for their families. You have designed a sleek website or remodeled a storefront and have got your branding to demonstrate your skills. You are ready to get the ball rolling to start making profits and set up a merchant account to accept debit and credit card payments for your much-needed services.

You are preliminarily approved to accept debit and credit card payments and get your credit repair merchant account initially through one of the popular payment processors like PayPal, Stripe, Square or others and you start seeing a steady stream of revenue rolling in. Everything is going great right? That’s until the chargebacks start, or the processing provider realizes you do credit repair.

Once customers start cancelling their orders or are not able to pay their invoices, they call their bank to demand a refund. You wake up one day to not being able to access the funds collected in your credit repair merchant account.

What has happened is the acquiring bank has evaluated your business after their underwriting process and has deemed your merchant account as high risk. Don’t worry though, there are payment processors that specialize in high risk, like we here at Double Helix Processing, that will work on your behalf to negotiate the best rates to secure your business with a high-risk recurring billing merchant account.

How Does Being High Risk Affect Your Chances of Getting a Credit Repair Merchant Account?

The two most important factors for businesses with a high-risk merchant account status are:


If your business is placed in the high-risk category, you are more than likely going to have a much more involved underwriting process.  You will be required to come up with tax returns, corporate filing paperwork, several months (sometimes up to a year) of bank statements and processing history.


You can also expect higher than normal fees. This includes but is not limited to higher fees per transaction, higher fees for monthly statements, and a larger than normal cash reserve to ensure the processing bank that they are covered in the occurrence of potential chargebacks and or refunds or even a possible reserve.

Keep in mind that the above only applies if a bank decides to approve you, which most will not, and it can be incredibly difficult to find a reliable processing partner. You don’t have to go through the run around of finding and applying with several banks only to get declined – Double Helix Processing makes getting approved for an airline booking merchant account simple. Just fill out our simple, online Merchant Account Application to get started.

Why Does this Matter and How Can Double Helix Processing Help with your High-Risk Merchant Account Credit Repair?

Excessive chargebacks can lead to a credit repair merchant account to be completely shut down with an aggregate payment processor like PayPal, Stripe, or Square. Another common pain point of occurs when a merchant operates through an aggregate payment processor is that the “approval process” in many cases isn’t actually an endorsement at all since they do their underwriting after your account with them is live.

What occurs is that the merchant account is approved on a contingent basis, then much later, the backend underwriting process starts (many times after the first request of a customer chargeback or complaint) and your organization is labeled as high risk merchant. That leads to your account being suspended until further notice or you are dropped from their service entirely without notice.

Double Helix Processing leads the business of electronic payment processing, especially for high risk merchants who need a high-risk recurring billing merchant account, is the way to avoid the hassle and stress that come with a lost account by an aggregate payment processor. When you begin with the ideal payment processing company such as Double Helix Solution, you are setting your company up for success right from the beginning. Be sure to discuss the intricacies of your business needs for the types of services you offer.

Make sure everything you need to run your business smoothly and efficiently is discussed during the initial underwriting process when applying to your credit education and repair merchant account. Shop your options around and locate a qualified and trustworthy payment processing company, such as Double Helix Processing, who have firsthand experience with credit repair merchant accounts.

Make sure to ask all of the questions that you want to deal with your concerns, things like: Can you approve my particular credit repair company type? How much experience do you have working with companies who need credit repair merchant accounts? What are the fees like? Once you feel satisfied with your answers, take the five minutes needed to fill out our simple, online Merchant Account Application for a free quote — and get not just the payment processing you require, but the peace of mind you deserve.

Why Should You Choose Double Helix Processing?

We understand the unique needs of the different Credit Repair related business types and have established numerous acquiring banking relationships to become your best resource in getting Credit Repair merchant accounts set up and accepting online payments. Our expertise is your ticket to getting the stable processing you need to further your business.