With more than 70 million low or threatening credit individuals and a 4+ billion dollar industry stateside, Credit Repair is an industry that’s vital to the current and future economy of the United States. Despite the urgent need for this service, most banks consider credit repair processing too high-risk and won’t provide a credit repair merchant account for most companies in that industry.

Whether your credit repair business is operated online, through a mobile app, or in a brick-and-mortar establishment, WizoPay makes it easy to secure a high-risk merchant credit repair account to accept and process debit, credit card, or ACH transactions for your services. Major banks and payment processors such as PayPal, Stripe, or Square may not work with you, but WizoPay will work on your behalf to get your high-risk credit repair merchant account approved. Our goal is to get you a quick approval and build a long-term partnership with our customers as they grow their business.

Merchant account providers consider credit repair businesses high-risk for credit card processing because of the inherent risk of working with people who have already been considered at-risk customers. Although most credit repair companies provide a valuable service to the public by reducing their debt and improving their credit scores, it’s still a risky business for most banks and payment processors to board new merchant accounts in this industry.

The primary risk associated with credit repair is higher than the average number of chargebacks from customers. Dealing with large dollar amounts and folks with less than stellar credit, the risk of loss or total number of chargebacks are often extremely high in the credit repair industry.

Although chargebacks are a part of the business when dealing with a credit repair merchant, it’s not uncommon for most payment processors like PayPal, Square, or Stripe to shut down merchants or put their funds on hold for months at a time.

We at WizoPay fundamentally disagree with this course of action because it doesn’t help us grow as a business if our partners aren’t also able to keep things rolling. 

As a 100% service focused provider, we offer:

• Online reporting
• An online platform to fight chargebacks
• No termination 
• No holds due to too many chargebacks

Our goal is to provide a tailored approach to each merchant account where we can help scale your business. We refuse to shut down someone's business and instead give them our assistance to get back to their day-to-day operations.

WizoPay’s accounts are accessible from any platform (online or mobile), we offer flexible rates and contracts, and we don’t require any form of long-term commitment. We support businesses that sell products online, in-person, or via mobile devices. WizoPay offers the ability to integrate our payment processing platform with virtually any credit repair software on the market.

WizoPay provides merchant services for credit repair companies by specializing in high-risk accounts. We've worked with every type of credit repair company, including:

• Debt consolidation
• One-on-One Consulting
• Settlement Assistance
• Credit Re-establishment

No matter what type of credit repair business you operate, you can trust WizoPay to provide high-risk merchant account services as a full-time partner to your business.