UniBul’s Debt Consolidation Merchant Account
Is your debt consolidation business properly incorporated? Are you in compliance with all applicable regulations and in possession of the necessary licenses? If you have answered “yes” to these questions, at UniBul we will be happy to work with you. We understand how challenging it can be to qualify for a debt consolidation merchant account, which is why we have built a solution that is simple, straightforward and just works.
With UniBul, applying for a debt consolidation merchant account is a fast and straightforward process. Once you send us your application documentation, we will handle the rest. Approval usually takes about a week, although if we have a full package right at the start of the application process, we will only need a day or two. Once you are approved, we can get you set up on our system in as few as two business days.
Accept Cards and Checks
At UniBul, our debt consolidation merchant account support acceptance of all major credit and debit cards, but also of checks. After all, when helping someone get out of credit card debt, it would make sense not to ask her to pay for your services with another credit card. With that in mind, built into our payment gateway platform is ACH payment processing for electronic checks.
Fees and Payouts
What will be your processing fees? That will be decided on a case-by-case basis, after we have received and examined your application paperwork and will be based on multiple factors, such as the age and history of your business, your monthly processing volume, average transaction amount and others. Additionally, we will need to see your marketing materials, including a copy of the contract that you are using.
Similarly to your fees, your payout schedule will be determined during the underwriting review. Typically, our debt consolidation merchant account solutions offer daily deposits or, in some cases, weekly payouts (usually one week in arrears). Whatever your schedule, you will always receive your payouts on time.
UniBul’s Virtual Terminal
As a debt consolidator, your employees’ job is to manage payments and much of the transactions are processed over the phone. UniBul offers a reliable virtual terminal platform for debt consolidators, which is built into our payment gateway. Our virtual terminal enables you to accept all major debit and credit cards, as well as checks. With our virtual terminal, you can create as many user accounts as you need, so that everyone in your organization has her own account.
Debt Consolidation Merchant Account Application Package
When applying for a debt consolidation merchant account, we ask that you provide the following documents:
- Filled out and signed merchant account application, which we will send you.
- Articles of Incorporation or Registration.
- A copy of your driver’s license or some other valid government photo ID.
- A recent business utility bill.
- Your 6 latest credit card processing statements, if applicable.
- Your 3 latest business bank statements.
- A copy of a voided check or a bank letter.
- Your business license(s).
The UniBul Advantage
At UniBul, our solid debt consolidation merchant account solutions give you:
- Fast application approvals.
- Straightforward, simple account set-up.
- Low processing fees.
- Tolerance of high chargeback levels.
- Reliable high risk payment gateway.
- Built-in multifunctional virtual terminal.
- No limits on processing volumes.
- Acceptance of all major card brands.
- 24 / 7 merchant support.
- Daily or weekly payouts.
- No unpleasant surprises.
Finding a dependable debt consolidation merchant account can be quite a challenge, as anyone who’s done business in your industry for any length of time understands. As debt consolidators are labeled “high risk” by Visa and MasterCard, most payment processors would not even take a look at your application package and the few who would work with you are probably going to charge you an arm and a leg for their services.
Well, at UniBul, we give you fast, reliable and affordable credit card processing that is built specifically for debt consolidators. Contact us now and let us show you what we can do for your business.
Again, applying for a debt consolidation merchant account with UniBul is a fast and straightforward affair — you will typically get a decision within 24 – 48 hours of us receiving all of the required paperwork.
What Our Customers Are Saying
UniBul is ranked based on 159 user reviews.
UniBul enables American and international businesses to accept payments for the things they sell on their websites.
