High-risk accounts
Credit repair merchant accounts
Stratamize places credit repair merchant accounts, starting with a review of how and when you bill so the application fits the rules.
About two minutes. Our team follows up.
What we set up
- Merchant accounts for credit repair businesses
- Service, enrollment and billing terms organized for underwriting
- Gateway and invoicing set up after approval
Credit repair
Who we work with
Credit repair is reviewed closely because the law limits when a company may charge a client. As a registered ISO, we place merchant accounts for credit repair businesses and set up invoicing that bills only when your reviewed terms allow it.
We work with credit repair companies that bill for documented work under terms their legal adviser has reviewed. Underwriting reads this category against consumer protection rules on advance fees, so the way you bill matters as much as what you do.
Underwriting
What underwriting asks for
- Your websites, service descriptions, sales scripts and any third-party lead sources.
- Client agreements, enrollment steps and the billing terms your legal adviser has reviewed.
- How completed work is documented, and when an invoice is created.
- Expected transaction values and volume, recent processing statements, refunds and disputes.
- Any notice from a provider that closed or restricted your account.
The CFPB's guidance on credit repair lists upfront fees and promised score increases among the warning signs of a scam. Underwriting reads your marketing and your billing terms with that list in hand. A broad label such as "financial education" is not a substitute for describing the actual service.
Our role is the merchant account and the payment setup. When your business may charge a client is a legal question for your adviser; a gateway feature or a payment schedule never answers it.
Setup
How setup works
After approval we set up the gateway, NMI or Authorize.net, with a hosted payment form, so card numbers go straight to the processor and never through your website or our team. On the setup call you get your login and keys, and we run a test transaction with you.
Invoices are created when your reviewed terms allow, after the work is documented, and sent as payment links from the gateway. Your team records the invoice number with the client's case, so every charge can be traced to the work it pays for.
Reserves
Reserves and chargebacks
Underwriting may set a reserve: a share of each settlement held back as a cushion against chargebacks and released on a schedule your agreement states. Whether one applies, and its terms, depend on the review. What keeps an account in good standing afterward is ordinary practice done consistently: a business name customers recognize on their statement, a refund policy they can find, and a support line that answers before a customer calls their bank.
Selling online? The gateway is set up with the account: see the high-risk payment gateway. From our blog: Credit repair payments: understand advance-fee limits before choosing a processor.
Can you work with our current client software?
Usually. Tell us which software you use and how invoices are created today, and we confirm how payment links and records fit with it.
Does an approved account mean our billing model is compliant?
No. An account decision and a legal review answer different questions. Your adviser sets the billing requirements; we set up payments to follow them.
What if a provider closed our account?
Bring the notice, recent statements and a plain description of your service and billing. The reason for the closure shapes the new application.
High-risk accounts
Get your application ready for underwriting.
We tell you what underwriting will ask for and prepare the file with you before it goes in.
Approvals usually come back within hours, three days at most.
Book a call