Bad Credit & Terminated Merchants
Merchant Accounts for Bad Credit and Terminated Merchants
If you’ve been rejected due to bad credit or your presence on the Terminated Merchants File (TMF), First Financial gets you earning again. Unlike the big banks, A+ rated First Financial takes the time to develop a thorough understanding of your business and its typical transactions. We keep costs low by operating strictly online and automating many processes. Click this button to apply for your merchant services account today!
Questions Call: 1 (800) 950- 0212
First Financial Merchant Accounts
Bad Credit and/or a Termination Doesn’t Have to Mean Business Closure
Big banks see a low credit score or a business’s name on the Terminated Merchants File and run.
First Financial isn’t so skittish. We don’t make decisions based on one criterion. Instead, we take the time and brain power to explore the business’s history, processes and opportunities in depth.
How do we do it?
In the Internet Era, we save money by automating processes, operating strictly online and keeping marketing costs low (you probably found us with an Internet search rather than a Big Game commercial). We have the time and capital to invest in a process that looks more closely at each business’s history as well as the industry outlook. We also consider how the business got into their less-than-ideal positions. Some card processors bounce businesses to the TMF due to minor occurrences including displaying logos inaccurately, going outside of minimum and maximum transaction amounts and failing to honor all cards. If a card processor rejects a business due to these factors, they deserve to lose you as a client.
We also know, given the tumultuous economy of the past decade, landing in the “bad credit” category is common. A study from the Corporation for Enterprise Development found that, today, 56% of Americans have “subprime” or bad credit. Eventually, to win new business, big, rejecting and terminating banks will have to make the effort to create products for the majority of consumers who fall in the bad credit category. First Financial fills this gap with products it offers to this market, right now. Our comprehensive application gauges whether a business has a robust future despite near-term set-backs.
Businesses in High-Risk Industries Deserve Perks, Too
Our business does better when your business does better. Therefore, we support you with top-of-the-line products, customer service, and online security. The merchant account you get merchant account through First Financial or one of our trusted partners comes with:
- The most competitive rates and fees in the card processing industry.
- The strongest security available to protect your and your clients’ information from theft and fraud.
- Easy-to-use hardware and software.
- Hardware and software upgrades.
- 24/7 customer service.
- An easy mobile payment app.
- Ability to use mobile, ecommerce, retail, and MOTO forms.
- Acceptance of all payments – ACH, echecks, or Demand Draft for check payment.
- Many merchant IDS (MIDs).
Any merchant in business for over a year knows the importance of accepting credit, debit, prepaid and gift cards. This convenience does more than move money from your customer’s accounts to yours. Research has shown that when customers have the option to use credit cards, they tend to:
- spend more – In fact, a Dun & Bradstreet study indicated 12 to 18% more. McDonalds’ ticket prices nearly double for credit card users over cash users.
- sign up for monthly or repeat services and products
- trust the business more
- find paying easy and therefore be inclined to return to the business
Where cash was king twenty years ago, today, it’s barely used. In fact, consumers use credit, debit, prepaid and gift cards to make purchases 78% of the time. Most likely, you’ve seen headlines like, “How the Decline of Cash Makes America a Safer Country”, “Cash is Fading, Checks are Dying . . . “ Today’s business owner must arrange credit card processing to maximize revenues.
Apply for a High-Risk Merchant Account Today!
Get your cash flow in positive territory fast when you set up your merchant account with First Financial. Complete our easy application from a desktop, tablet or smartphone. We’ll make sure to get back to you within 48 hours. The few documents we need can be easily scanned and emailed. Follow us on our Facebook and Twitter pages to get the most out of your merchant account!
 Marte, Jonelle. “The Majority of consumers have subprime credit scores, report says.” The Washington Post. 29 January 2015
 “How the Decline of Cash Makes America a Safer Country.” The Atlantic. 25 March 2014
 Hueggeston, John. “Cash is Dying and Checks are Fading as Smartphones and Tablets Change the Way We Pay.” Business Insider 4 August 2014