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A Review on First Card Payments from a Credit Repair Business Owner

First Card Payments


As a credit repair business, we’ve always had the goal of helping financially challenged clients get back on their feet and rebuild their financial future. For many years, we worked on offering the best service we can knowing that your business is a necessity for the modern economy to thrive.

Unfortunately, being needed by a lot of clients doesn’t mean that we’ve had it easy. Although credit repair is already a $4 billion industry, it is also tagged as a high-risk business because of the high risk for “friendly fraud”.

That is the high chargeback rates because of the recurring billing option and the mere fact that our clients are financially strapped individuals who might not be completely honest with their situation and could leave us emptyhanded any time.

This made it hard for us to find a good credit repair merchant account that will allow us to operate more seamlessly and process payments more conveniently for our customers. Then, we stumbled upon First Card Payments and here are some of the benefits we’ve enjoyed with the company so far:

  • All the contracts are clear.

This is one of the things I loved about First Card Payments because they’re very transparent about the plans that they offer to you and even give you some flexibility, so you can really find one that will compliment your business well. For one, they don’t charge any application or setup fees, which is rare for high-risk merchant accounts.

When we started with the company, we were afraid to commit because if we don’t like the service, we need to pay for a termination or cancellation fee. But First Card Payments offered us a month-to-month agreement, so we can test out their service. Of course, we eventually committed to a long-term contract and have been with First Card Payments for many years now.

  • We don’t spend a lot on merchant fees.

As a high-risk merchant, we already knew that we’d be charged higher than low-risk merchants. But First Card Payments is the only company that offered us up to 25% less on merchant fees.

We asked why and our account manager explained that the company understands how hard it is for businesses to grow if most of their income goes to these fees, and we appreciate their commitment to help us thrive in our industries.

One of the best things about doing business with First Card Payments is the company’s range of solutions for problems that make credit repair a high-risk business.

If you have high chargeback rates, card-not-present (CNP) transactions or bad credit, the company can offer solutions to help improve your status and ensure that you can do better as a business in the future.

So, if you’re a credit repair business like us and you’ve been struggling to find the right high-risk merchant account for your business, get in touch with First Card Payments to know your options and make it your trusted payment processing partner.

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