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Bad credit merchant accounts UK

17 February 2017

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Written by Libby James
Libby James is co-founder, director and an expert in all things merchant services. Libby is the go-to specialist for business with more complex requirements or businesses that are struggling to find a provider that will accept them. Libby is regularly cited in trade, national and international media.
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    Overcoming Credit Challenges

    At Merchant Advice Service (MAS), we understand the challenges faced by businesses in the UK with bad credit who require a bad credit merchant account. We firmly believe that every business deserves an opportunity to thrive, regardless of their credit score. That’s why we specialise in providing tailored solutions for bad credit merchant accounts in the UK. With our customer-centric approach and expert guidance, we empower merchants to overcome credit challenges and succeed in the competitive market.

    Understanding Bad Credit Merchant Accounts

    In the UK, bad credit merchant accounts are specifically designed to cater to businesses with less-than-perfect credit scores. These accounts offer a lifeline to merchants with a history of credit issues such as previous bankruptcies, late payments, or high levels of debt. By offering bad credit merchant accounts, we provide businesses with the means to process payments efficiently and securely, helping them regain financial stability and take control of their payment processing needs.

    Applying for a standard merchant account can be difficult if you have bad credit. Traditional banks and payment processors often place significant emphasis on credit history and may reject applications based on past financial challenges. However, at MAS, we take a different approach. We believe that a business’s potential should not be solely defined by their credit history. Our team of experts is dedicated to assisting you in finding the right bad credit merchant account solution tailored to your specific needs in the UK.

    Benefits Of Bad Credit Merchant Accounts In The UK

    Flexible Application Process: Unlike traditional merchant account applications, the application process for bad credit merchant accounts in the UK is more flexible. This means that even if you have a less-than-perfect credit history, you still have a chance to secure a payment processing solution that suits your business needs.

    Higher Approval Rates: Bad credit merchant accounts in the UK are specifically designed to accommodate businesses with poor credit scores. These accounts have higher approval rates compared to standard merchant accounts, giving you a greater chance of acceptance.

    Improved Cash Flow: With a bad credit merchant account in the UK, you can accept a wide range of payment methods, including credit and debit cards. This enables you to expand your customer base and receive payments promptly, ultimately boosting your cash flow and fostering overall business growth.

    Enhanced Business Reputation: Accepting card payments through a bad credit merchant account in the UK can significantly improve your business’s credibility and reputation. It demonstrates professionalism, convenience, and trustworthiness to your customers, leading to increased customer loyalty and repeat business.

    How Merchant Advice Service Can Help

    At Merchant Advice Service, we are dedicated to supporting businesses with bad credit in obtaining the right bad credit merchant account solution for their unique needs in the UK. Our experienced team understands the challenges you face and is committed to providing personalised guidance throughout the entire process. We work with a network of trusted payment providers who specialise in bad credit merchant accounts, ensuring that you have access to the best options available in the market.

    Our user-focused approach means that we prioritise your success. We take the time to understand your business and financial situation, offering tailored recommendations and assisting you in making informed decisions. With our expertise and industry knowledge, we can help you secure a bad credit merchant account in the UK, allowing you to focus on growing your business and serving your customers.

    For more advice and insights, visit our blog page!

    Conclusion

    Having a poor credit history should not prevent business owners in the UK from accessing essential payment processing services. Merchant Advice Service is at the forefront of championing the cause for companies requiring an account with bad credit. With the rise of online payments, it’s vital for businesses, even those considered high risk merchants, to be able to process credit cards efficiently.

    Through our bespoke bad credit merchant services, we ensure that credit checks do not become barriers to success. Whether you hail from high risk industries or have faced credit report challenges, our aim is to bridge the gap between credit card processors and those with bad credit scores. Looking to the long term, our guidance on credit check merchant accounts can pave the way for achieving a good credit score. Remember, every business, regardless of its personal credit standing, deserves the tools to thrive.

    FAQs

    Can I obtain a bad credit merchant account with previous bankruptcies?
    Certainly! Even if you have experienced previous bankruptcies, you can still be eligible for a bad credit merchant account in the UK. At MAS, we understand that financial setbacks happen, and we believe in giving businesses a second chance to succeed.
    How long does the application process for a bad credit merchant account take?
    The application process for a bad credit merchant account in the UK typically moves swiftly. At MAS, we strive to provide a streamlined application process, ensuring you can start accepting payments as soon as possible.
    Will having a bad credit merchant account affect my credit score?
    Rest assured that having a bad credit merchant account in the UK will not directly impact your credit score. The purpose of a bad credit merchant account is to help you overcome credit challenges and rebuild your business. However, it’s essential to make timely payments and manage your account responsibly to maintain a positive financial reputation.
    Can I switch from a bad credit merchant account to a standard merchant account in the future?
    Absolutely! As your business grows and your credit improves, it may be possible to transition from a bad credit merchant account to a standard merchant account in the UK. Our team at MAS will guide you through the process, ensuring a seamless transition that aligns with your business goals.
    I don’t know what my credit score is, can you help?
    It’s always best to know where you stand and disclose any credit issues when applying to a merchant account provider. If you are unsure, you can download your reports from Experian to get a better idea.

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