Bail Bonds Merchant Accounts

Certain banks and ISOs will approve a merchant account for you. Good news, right? Not always. Now you find out the volume amount is much lower than you desire, there is a high reserve or there are high fees.

We work almost exclusively with businesses considered high risk. We have excellent relationships with 30+ different banks and ISOs that would approve high-risk bail bonds merchant accounts. We have the experience, know-how, and, quite frankly, the connections to obtain quick approval for your company with the best terms and rates available for the bail bond industry.

Many companies promise you results and fall very short of their promise to you. What good is having a merchant account that doesn’t deliver? Let us introduce your bail bonds business to the right banks and ISOs that will provide you with enough volume for the month in addition to great fees and terms! As a business owner, you don’t want to waste time applying to the wrong banks and ISOs until you find the one that is best for your business.

Not only would that be a tremendous waste of your valuable time, but it will also negatively affect your credit; multiple application submissions can hurt your chances of receiving a merchant processing account. Trust the expertise of First Card Payments to expedite your approval at the very best rates and terms available. That’s our promise to you!

Open up your high-risk bail bonds merchant account with First Card Payments and benefit from our experience.

How to Apply For a Bail Bonds Merchant Account

If you have already tried applying for a merchant account, you probably realize by now how difficult it is to secure one for a bail bonds business because it’s considered a high-risk venture. Traditional banks would usually stay away from this industry primarily due to inconsistent cash flow, but the industry has evolved.

The experts at First Card Payments will guide you through the bail bonds merchant account application process to ensure a greater chance of approval.

Prepare all the necessary documents.

Before you can apply for a bail bonds merchant account, you need to prepare some paperwork to back up your credibility as a business. This includes a valid, government-issued identification card, bank statements as well as processing statements for the last three months, if applicable, a bank letter or pre-printed voided check, a fully operational website, and your SSN or EIN.

Having these documents ready can streamline your application process and have a better chance for approval.

Clean up your finances.

After submitting your application, underwriters will conduct a review of your business to determine if you are worthy of a high-risk bail bonds merchant account or not. These professionals usually look into your financial health to assess whether or not you are managing your money well.

They will check your credit score, bank statements, credit card processing history, and even your website as well as any red flags that could reduce your chances of getting approved for an account.

So before you apply, make sure that you don’t have any unpaid bills or late payments, negative bank account balances, or a high chargeback rate.

Clarify return and refund policies.

One of the reasons a bail bonds business is tagged as a high-risk merchant is the likelihood of high chargeback rates. But you can actually avoid this hassle by making sure that your return and refund policies are clearly stated on receipts, contracts, the website, and so on to avoid confusion and establish expectations with customers and clients.

It’s also very important to strengthen good payment processing practices such as saving signed receipts, using the Address Verification Service (AVS) for online purchases, and a Card Verification Value (CVV) that will help protect you against processing stolen credit cards.

Apply Today!

Offering bail bonds is definitely a high-risk business because you are never assured that a client is capable of paying you back. But being tagged as a high-risk merchant doesn’t necessarily mean that you won’t be able to get a good payment processing account from a reputable merchant account provider.

You just need to prepare for your application, answer questions honestly and concisely, work with the right people, and make sure that you have documents to prove your claims.

This way, you will surely get approved for a high-risk merchant account that will help your business in more ways than you can imagine.