Performance Card Service (PCS) will help you find a bail bonds merchant account that meets your business needs and has affordable fees. With more than 20 years of experience in the high risk payment processing industry, we have established relationships with merchant account providers that understand the value of bail bonds operations and are eager to make their services available.
Bail Bonds Credit Card Processing
Complete Merchant Services With Affordable Fees
Why Are Bail Bonds Merchants High Risk?
Because the bail bonds business traditionally has excessively high chargebacks, most top tier banks categorize them as high risk and are reluctant to offer a merchant account. In addition to chargebacks, bail bonds companies often have very erratic cash flow, which is another red flag for merchant account providers. To make matters worse, credit card fraud — mainly situations where customers file a false claim and receive an unwarranted chargeback — is a common occurrence in the bail bonds business.
Bail Bonds Credit Card Processing Services from PCS
Despite the challenges, gaining the ability to accept online credit card payments is an important way bail bonds merchants can build revenue. We will assist you every step of the way with your bail bonds merchant account, including:
- Gathering information and preparing your merchant account application
- Reviewing and comparing offers
- Setting up your account
- Post-setup troubleshooting and system improvements
- Ongoing consulting to mitigate fraud risk and chargebacks
In addition to merchant accounts, PCS will help you with another valuable payment processing option, eChecks. Electronic checks have several advantages, including fast transaction settlement time and lower fees than traditional paper checks. And, since funds are directly transferred from the customer’s bank account to the merchant’s bank account, fraud risk is mitigated, which is obviously a very important concern for bail bonds companies.