bad credit merchant account

Don't Let Bad Credit Get in the Way of Doing Business.

Individuals who apply for payment processing through a bank who happen to have a credit score of 580 or less are considered bad credit merchant accounts. This means that applying on your own, without an expert in  this industry, makes the chances of getting approved very low.  The term bad credit merchant account simply means a merchant account for  a business owner who has poor or bad credit, typically when it comes to  their FICO score.  Banks, creditors, and underwriters take your credit score into account  in a big way when considering whether or not to approve a business for a low risk merchant account. In the case of a business owner who has poor or bad credit, that merchant is considered to be in need of a high risk  credit card processor. And if that business intends to accept debit or  credit cards, they will have to attain a bad credit merchant account  with a trusted high risk payment processing company like PPS.

If you have a high risk  business, reputable companies like Principle Payment Solutions offer service to businesses that need it most. PPS is willing to  accept the liability for the increased risk associated with ventures categorized as high risk businesses.

Surprisingly, most merchants who fall into this high risk category are typically unaware of it. If your business is categorized as needing a high risk or bad credit merchant account, we’re here to help!  If you’re a startup or established credit improvement company, please reach out for partnership opportunities regarding your merchant processing.