Payment Processing for Debt-Settlement Businesses
PayDiverse provides merchant account underwriting and payment processing infrastructure for licensed debt-settlement and specialty financial services businesses.
PayDiverse does not provide debt relief, debt consolidation, or debt settlement services to consumers. We are a B2B payments brokerage serving registered businesses only.
Why debt-settlement businesses are classified high-risk
The debt-settlement MCC carries elevated chargeback ratios and is declined by most standard acquirers. PayDiverse routes these merchants through sponsor banks that specifically underwrite this category.
What we provide to merchants
- Merchant account placement across multiple sponsor banks
- Multi-bank load balancing across at least four banks per merchant
- Real-time chargeback alerts and dispute management
- ACH processing for recurring program fees
- iSpy fraud prevention with machine-learning transaction scoring
- 24–48 hour funding
Underwriting requirements
- Registered US business
- Applicable state licensing for debt-relief or debt-settlement services
- Voided business check, three months of bank statements, recent processing statements
- Compliance documentation (FTC Telemarketing Sales Rule attestation where applicable)
Apply for a merchant account
Applications are reviewed within 2–3 business days. For businesses only — we do not service
consumer applications.