Retinoblastom - Forum

fuppetbed · Mitglied Beiträge: 35

Zitat: bargeprawns

Many merchant services companies do not accept credit repair businesses, for three primary reasons: The first is that credit repair businesses typically sell high ticket services (average price above $100) and their services are sold on a recurring billing plan. High ticket and recurring charges are particularly susceptible to so called “friendly fraud” and pose a chargeback risk to the credit card processor. Second, credit repair businesses often accept payments via a payment gateway as opposed to in-person, which are subject to increased fraud and chargeback risk. Finally, credit repair is subject to consumer protection regulations, and reviewing an application for compliance requires extra underwriting due diligence by the credit repair company’s credit card processor. Due to these three risks, many merchant services providers decline to accept any credit repair related business.

Soar Payments, by contrast, has consistently served the credit repair and credit counselor industries since our founding. Our extensive relationships with credit card processors and sponsor banks who have the capability to underwrite regulated industries, in addition to our integration of chargeback and fraud prevention software, uniquely positions Soar Payments to provide credit repair merchants with stable, effective, long term credit card processing solutions.