Bail Bond Credit Card Processing Solutions
At Signature Payments, we specialize in providing high-risk merchants with the credit card processing they need — even if other providers have already rejected them. If you work in the bail bond industry and would like to begin taking non-cash payments to fuel your business, we can help you start processing credit and debit cards today.
What is a Bail Bond Merchant Account?
All nonprofit and for-profit organizations that accept credit cards must apply for a merchant account, which is a dedicated banking account for all incoming credit and debit card deposits. However, many banks and payment processors will only work with businesses that fall into traditionally “safe” categories such as plumbing, retail or catering. These niches are considered low risk, which makes securing merchant accounts relatively easy.
By contrast, bail bond credit card processing is often viewed as “high risk” due to several factors:
- Conventional banks frequently shy away from bail bondspeople due to the perception of inconsistent cash flow and non-payment.
- Even when bail is successfully paid, the credit card owner might dispute and reverse the charge after the fact. This trend is known as chargeback fraud. Merchants across all industries lose an estimated $20 billion annually to this increasingly popular scam. Chargeback fraud is especially rampant in the bail bond industry, since the person you’re bringing in usually isn’t the same one who is paying.
- Hollywood is also partially to blame. There’s a lot of waiting that comes with the job. TV shows love to exaggerate the non-stop action and danger. It makes for great programming, but it also makes securing a merchant account much harder.
Whether fair or not, these perceptions exist. This makes obtaining a bail bond merchant account difficult in a world where most payment processors are incredibly risk-averse. As a result, the only ways to accept payments from clients is with cash, check or cryptocurrency.
How Can Signature Payments Help?
With 20-plus years in high-risk merchant processing services, Signature Payments has a proven record in helping struggling businesses start accepting credit cards ASAP. Our in-house security specialists understand the unique challenges of growing your operations without the ability to securely accept card-based payments.
If you’ve been turned down by other providers in the past, discover how Signature Payments can help you get approved for a bail bond merchant account — quickly and easily. In addition, our cutting-edge fraud reduction tools and chargeback reporting capabilities can help dramatically reduce payment abuse in your growing business.
To get started, simply fill out our free online application form. It takes just minutes to complete, and our review team will follow up with you immediately to guide you through the next steps.
If you have any problems filling out the online application, our security specialists are always here to help.
Signature Payments is a full service provider offering…
Our application can be accessed online for quick and easy completion in just a few minutes.
Our application review process is quick and easy so you can begin accepting payments in no time.
No Hidden Fees
Our team will work hard to get your account approved at the lowest possible rates with no hidden fees or extras.
We partner with multiple banks and offer domestic and offshore solutions for the flexibility you need.
Frequently Asked Questions
How do I apply for a merchant account with Signature Payments?
The process couldn’t be easier. Just fill out our online application form (it only takes a few minutes). We’ll follow up ASAP regarding the next steps.
What are the criteria for merchant account approvals?
All new clients fill out the same online application. Thereafter, our review team might ask for any number of supporting documentation, including bank statements, payment processing statements, performance reports, refund policies and your pricing.
If you have questions about the types of supporting documentation you might need to provide, schedule a free consultation with our payment security specialists today.
Do I really need a merchant account for credit card acceptance?
Yes. Without a merchant account, you won’t be able to legally or securely accept credit, debit, gift or rewards cards from the major card brands. If you don’t already have one, we can help you get approved for a merchant account right away. To start, simply fill out our online application form.
What kinds of payments can I accept?
As a Signature Payments customer, you’ll be able to securely accept all the major credit and debit cards offered by Visa®, American Express®, Discover® and Mastercard®. Your bail bond merchant account also allows you to process payments made via check, mobile wallet and electronic benefit transfer (EBT).
Will I need any special hardware to start?
For in-person sales, you’ll need a physical POS terminal or smart device capable of reading credit and debit cards. For online sales, you’ll need a Signature Payments payment gateway, which is the virtual equivalent of a physical credit card machine.