We specialize in Student Loan Merchant Accounts and student loan forgiveness merchant accounts. We approve practically every business type, even if you have been turned down for payment processing.With decades of experience, our team is here to help. Even if you have been shut down by your current processor, we have a solution for your particular situation. We’re available to answer any questions and provide ongoing continued support for our valued customers.
Don’t hesitate, call us immediately for assistance. Our dedicated staff is standing by to assist you. Our typical turn-around time is 3 business days and in some cases the same day. We look forward to working with you Apply Today.
High Risk Merchant Account LLC can provide student loan merchant accounts for companies doing student loan document preparation for consolidations, modifications, and forgiveness of student loans. This vertical was pressured by governments operation choke point, but has landed on its feet. Students are using this service across the country to lower monthly payments and in some cases erasing debt burden entirely. We have distinguish ourselves as specialist in high risk merchant accounts and can provide premium payment processing for the student loan industry. With decades of experience, our staff is standing by to answer your questions and assist to in getting approved. Call us immediately to get started.
What Is A Student Loan Merchant Account:
A student loan merchant account allows the student loan doc prep industry to electronically process payments from clients for their services. Processing can include credit cards, debit cards, value added cards, and high risk ach processing. Companies charging a monthly payment plan should consider adding a recurring billing module, to automate their processes and reduce overhead. Clients appreciate timely and accurate pre-arranged billing and this would accommodate that in a fully automated fashion.
Who Needs Student Loan Merchant Accounts:
The need for student loan merchant accounts has exploded in recent years, as the majority of students have over borrowed for prestigious degrees and in most cases, the return on that investment has not paid off. Most students are struggling with balancing income with the cost of living and satisfying monthly debt burdens. Many have move back home to live in the basement, while working a low paying service job, unrelated to their education. With student loans reaching all time highs of 1.4 Trillion Dollars and the current default rate at epic high’s,
some analysts are predicting a looming crisis the US Student Loan Market. According to Brookings.edu, “The crisis may be worse than previously anticipated”. As most students want to payoff student loans as promised, they are turning to this industry for assistance with navigating the options available to them and help with student loan document preparation for loan consolidations and loan fogginess. Many students are not aware of the opportunities available to them or how to apply for loan modifications on their own. These companies have helped millions of students reduce their monthly student loan payments and provide a legitimate service.
Accessibility to services that can relieve the burdens one is forced to face when dealing with a student loan can be a great asset to someone in need of help. There is a broad range of services an individual may require in the scope of student loans. Agencies operating in consulting, document preparation/adjustment or loan relief services can all be improved with a merchant account. Regardless of which combination of services your client requires of you, having the right tools on your side to give the customer the best service is business 101. Great experiences tend to set themselves apart from good ones with your ability to offer options to fit your customer’s unique needs. Like most everything, one size does not fit all. Giving your clients the ability to choose the form in which they would like to pay for your services increases your customer satisfaction and the efficiency in which you are able to service them. Something as basic as the ease in which a payment can be made can become the make or break as to whether you close the deal.
Having the ability to process transactions in multiple forms will prove to be a huge benefit for your business, but because of the specifics the industry operates in, there are things you need to be aware of. This comes in the form of risk. Like most other industries that operate in fields related to loans, there comes an inherent high level of risk. The risk is present in student loans because you are dealing with debt. Individuals seeking your services will typically have poor or damaged credit scores and be carrying a level of debt that causes them to seek you out to begin with. It is because of this that banks tend to shy away from processing for services related to that field, on the grounds that they are too risky. This is where a high risk merchant account can help you. High Risk Merchant Account, LLC can assist your student loan business in getting the highest quality processing merchant services. With such a large number of student loans in existence today, there are extensive opportunities to use your services to expand and grow. With advancements in technology happening on a moment to moment basis, there is no better time than now to bring your business to new heights with a merchant account.
Multiple Processing Choices:
The student loan industry demands specific processing platforms such as, call center merchant solutions that are cost effective and offer productivity efficiencies. Call center CRM Integration is a very popular solution that increases transaction speeds and streamlines customer sales experience. We also offer custom Ecommerce Gateway integration into your particular shopping cart checkout. Whatever your payment processing demands may be, we have the processing solution choices to suit your needs.
Our goal is to approve all merchants, regardless if you have been shut down or turned down in the past. We understand mitigating circumstances such as chargeback ratios and exponential monthly volume growth can devastate a bank relationship, causing a merchant closure or substantial holds place on an account to protect the bank from losses. We are dedicated to making every attempt to resolve issues and get your account approved. Our commitment to excellence and going the extra mile to exhaust every opportunity is our mantra. We strive to exceed expectations and utilize our expertise and competence to deliver unsurpassed customer satisfaction.
With our team’s unique experience in the payment space, we bring the vital expertise to get your account approved quickly and painlessly. Our staff is committed to providing unsurpassed customer service and strive for 100% customer satisfaction. Give us a call today to discuss all of your credit card processing needs.
GET STARTED TODAY !!!!!
At High Risk Merchant Account LLC, your business success is our ultimate goal. Our dedicated staff is standing by to assist you in navigating the payment processing space. With decades of experience, our team is committed to providing competent knowledgeable advice and a plan of action to get your merchant account approved quickly. Call us immediately to get on the fast track for a student loan merchant account approval. Our typical turn-around time is 3-5 business days and in certain cases the very same day. We look forward to working with you! Apply Online Today