Best Credit Repair Merchant Account 2025

Best Credit Repair Merchant Accounts

Securing a reliable high-risk payment processor is particularly challenging for businesses within the credit repair industry.

This review highlights the providers that excel in areas such as customization, customer support, competitive pricing, and security, ensuring that your business can process payments effectively and securely.

Top Credit Repair Merchant Account Providers:

1. Moonlight Payments
2. Easy Pay Direct
3. Soar Payments
4. SecureGlobalPay

Moonlight Payments distinguishes itself with a strong grasp of the industry’s specific needs, providing services that are geared towards ensuring compliance and protecting sensitive client information.

1. Moonlight Payments

Overview

Moonlight Payments emerges as a distinguished provider of credit repair merchant accounts, catering to the specific needs of the industry with precision and expertise. Their commitment to understanding and solving the particular challenges credit repair companies face sets them apart as a reliable ally in this high-risk field.

Notable Features

• Tailored Credit Repair Solutions: They provide merchant accounts that are fine-tuned to the operational needs of credit repair businesses specifically, ensuring efficiency and regulatory compliance.
• High-Risk Account Expertise: With a focus on the credit repair industry, Moonlight Payments showcases its comprehensive grasp of high-risk account management – crucial for companies within this space.
• Adaptive Account Management: Acknowledging the ever-changing landscape of credit repair, they offer dynamic account management to assist businesses in handling transactions flawlessly.
• Custom Pricing: Their pricing models are specifically designed considering the financial realities of credit repair services, offering a cost-effective solution while maintaining high-quality service.

Pricing

Moonlight Payments’ pricing is custom for each business.

Pros

• Tailored services mean businesses in the credit repair industry receive focused support and services.
• Commitment to customer needs ensures detailed attention to the unique aspects of credit repair services.
• Provides flexible solutions and pricing to meet your business’s specific needs

Cons

• Without transparent pricing information online, it can be challenging for businesses to make quick comparisons and decisions.

Summary

Moonlight Payments provides a merchant account service that recognizes and confronts the specific hurdles of the credit repair industry. 

Their individualized account management and dedication to delivering versatile payment solutions make them an invaluable resource for credit repair businesses seeking to manage their transactions effectively.

2. Easy Pay Direct

Overview

Easy Pay Direct positions itself as a go-to solution for credit repair businesses that often struggle with merchant account stability. Their quick application process promises a fast track to payment processing.

Notable Features

• Stable Merchant Accounts: Tailored to provide consistency and dependability for credit repair transactions.
• Chargeback Mitigation: Strategies and tools to minimize chargebacks, protecting the merchant’s bottom line.
• Reduce Decline Rates: Enhanced approval rates ensure smoother transactions.
• Fraud Prevention: Robust systems to detect and prevent fraudulent activity, safeguarding both the merchant and their clients.

Pricing

Easy Pay Direct does not openly list all pricing details, but the pricing details available include:

• High Risk Pay Standard: Standard transaction fee of 2.95% + $0.25, though certain industries may face different fee levels.
• Monthly Fee Structure: Begins at $9.95, scaling up as needed based on the merchant’s specific requirements and processing volume.

Prospective clients are encouraged to reach out directly to obtain a quote tailored to their business specifics.

Pros

• Expertise in high-risk merchant accounts, specifically tailored to credit repair businesses.
• Access to a wide network of banks that understand and accept the high-risk nature of credit repair merchant services.

Cons

• The depth of services and features offered may overwhelm new companies.
• Custom pricing models can sometimes lead to unexpected costs if not clearly defined upfront.

Summary

Easy Pay Direct presents a comprehensive credit repair merchant account solution that not only anticipates the needs of high-risk businesses but also provides the necessary tools and support to ensure their transactions are processed efficiently and securely.

3. Soar Payments

Overview

Soar Payments offers dedicated merchant services tailored to the unique demands of credit repair companies. Understanding the intricacies and risks associated with the sector, they commit to delivering solutions that elevate operational efficiency and compliance.

Notable Features

• Comprehensive Industry Support: Soar Payments extends its services to all types of companies within the credit repair industry, including counseling, restoration, education, and improvement services.
• Integrated Software Compatibility: The merchant accounts provided by Soar Payments are compatible with various credit repair CRMs and software, facilitated through integrations with major payment gateways like Authorize.net, NMI, and USAePay.
• Customized Recurring Billing: They support businesses that prefer recurring billing, with each merchant account individually underwritten and approved with potentially unique terms.

Pricing

Soar Payments provides custom pricing structures. Some average pricing examples include:

• Monthly Account Fee: Ranges from $19 to $45 based on the level of service chosen by the merchant.
• Cancellation Fee: Variable based on industry, ranging from $0 to $395.
• Chargeback Fees: Estimated between $25 and $30.

Pros

• Targeted services mean that credit repair businesses benefit from support that’s attuned to their sector’s needs.
• Compatibility with many credit repair CRMs and software platforms allows for seamless transaction management.
• Ability to tailor recurring billing options to each merchant account speaks to their commitment to personalized service.

Cons

• The requirement for underwriter review can introduce delays not suitable for businesses needing immediate account activation.
• The owner’s credit score must be above 600, which may exclude businesses with bad credit from obtaining their services​​.

Summary

Soar Payments delivers merchant account services with a deep awareness of the hurdles faced by the credit repair industry. Their commitment to offering tailored account management and flexible payment solutions positions them as an essential partner for credit repair businesses looking to streamline their transaction handling.

4. SecureGlobalPay

Overview

SecureGlobalPay is a versatile provider skilled at catering to the specific needs associated with credit repair merchant accounts. 

They offer a suite of tools and services designed to ensure that credit repair businesses can process credit card payments effectively, manage customer data securely, and comply with all relevant regulations.

Notable Features

• Customized Solutions: SecureGlobalPay provides merchant accounts that are uniquely configured for the nuanced operations of credit repair services, enhancing compliance and transactional efficiency.
• Expertise in High-Risk Accounts: Recognizing the inherent risks of the credit repair sector, SecureGlobalPay specializes in high-risk merchant accounts, offering a knowledgeable approach to risk management and fraud prevention.
• Advanced Security Measures: Their emphasis on security is evident through the implementation of robust data protection protocols, which are crucial for maintaining client trust in the credit repair process.
• Software Integration: They facilitate seamless integration with leading credit repair software platforms, streamlining workflow and ensuring consistent customer experience.

Pricing

SecureGlobalPay adopts a transparent pricing strategy, acknowledging that credit repair businesses benefit from clear and straightforward pricing structures. 

This transparency supports credit repair companies in aligning their processing costs with their budgetary constraints and business scale.

Pros

• Services are fine-tuned for the credit repair industry, ensuring that businesses receive support and tools that are relevant and effective.
• Provides high-level security features and help businesses maintain compliance with industry standards, which is vital for credit repair companies handling sensitive client information.
• Flexibility in account structuring allows credit repair businesses to receive services that are specifically designed for their transaction patterns and operational requirements.

Cons

• Pricing isn’t transparent, which can lead to fluctuating costs that may affect smaller businesses.

Summary

SecureGlobalPay provides comprehensive merchant account services that recognize and cater to the unique challenges of the credit repair industry. 

Their dedication to creating adaptable payment solutions and their commitment to high-level security and personalized account management make them helpful for credit repair businesses navigating the demanding realm of financial transaction management.