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Get Merchant Account Services with Bad Credit

okguyThese days, it seems that credit is everything. When buying a house, car, taking out a loan, and even obtaining merchant account services for a business, having bad credit can present challenges.

Merchant accounts are a necessity for many small businesses that process customer credit cards. Without one, a business is left with few options to accept payments from customers.

If you’ve been stressing over whether if it’s even possible to get merchant account services with bad credit, here’s some advice: Stop!

At The Transaction Group (TTG) we understand that life can throw curve balls and result in strike outs once in a while. Since 2004, we’ve been assisting business owners with bad credit to get approved for merchant account services.

While other credit card processing providers decline the merchant account application for bad credit, and offer one solution for approved accounts, our approach is different.

We realize that a one-size-fits-all approach is not ideal for most businesses. That’s why we take the time to understand each business owner’s specific requirements and find the solution that works best for him or her.

With our network of banking relationships, we are afforded the ability to offer competitively priced and reliable payment processing solutions for all types of businesses, including poor credit merchants.

Typically, bad credit merchants are considered high risk and will have slightly higher merchant account rates than low risk merchants. In time, however, a merchant that establishes a good credit card processing history with few chargebacks may have the opportunity to renegotiate for a lower rate.

Sometimes merchants have a combination of bad credit and a history of a high rate of customer chargebacks. If you’re in this situation or have even been added to the terminated merchant file (TMF), we know how scary it can seem. But hope is not lost.

We offer several merchant account alternatives that will allow you to accept credit cards from your customers, both online as well as customer facing.

If you’re just starting your business and are worried that your bad credit will prevent you from being approved for merchant account services, give us a call at 888-383-8056 and let us provide peace of mind.

If you have an established business and merchant account, but are looking to save money over your existing rates and fees, we may be able to save you 25%. Take advantage of our FREE rate analysis by emailing a recent statement to sales@thetransactiongroup.net.

If you’re ready to start our easy application process, ‘Apply Now’ and we’ll start working to get you approved for merchant account services regardless of your bad credit. We look forward to hearing from you.

Apply Now