Credit Monitoring

April 27, 2021

Any industry where the clients standings are changing consistently can be a red flag to a payment processor. In the world of credit, there are several factors that can influence scores. The number of monthly credit inquiries, outstanding balances due, and making payments on time are three key factors that can change in an instant. Due to the lack of stability in the industry, Credit Monitoring is considered a high risk business.

To be able to consistently monitor your clienteles credit, a monthly subscription or membership program will need to be in place. When working with those with credit scores on the lower end, you may encounter difficulties collecting payments at some point throughout your relationship with your customer base. Fraud claims, customers unsatisfied with your service, and chargebacks all work against you when it comes ot finding the ideal payment processor for your business. These are all red flags for the bank when considering your approval.

High Risk Payment Pros make finances simple. We specialize in high risk businesses such as Credit Monitoring, and our application process is fast and painless. Working with us will have your business fully operational and accepting online payments without the heavy delays associated with the bank.