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PPI Claims Merchant Accounts Through Instabill
As sometimes happens in the payments industry, an acquiring bank can abruptly decide not to process credit card transactions for any given industry on any given day for any reason. Finding the best payment service provider for a business is difficult enough, let alone finding one at a moment’s notice. Having been a merchant services provider to online businesses since the inception of e-commerce, Instabill has built a diverse network of acquiring banking partners, domestically and offshore, and presents several solutions for PPI claims merchant accounts. With more than 10,000 merchants in over 60 high and low risk industries, Instabill is internationally known for its fast approvals and excellent customer support. Check out Instabill’s PPI merchant accounts page to get the application process going.
PPI Claims: Protecting LoansPayment protection insurance (PPI) claims, also known as loan protection insurance or credit protection insurance, allow a borrower to pay back a loan in the event the borrower faces a situation such as death, disability or unemployment that could jeopardize the repayment of said loan. PPI claims are also known as credit protection insurance or loan repayment insurance.
PPI Claims in the NewsPredominant in the United Kingdom, PPI is considered a high risk industry and has been in the news recently. Instabill copywriters recently blogged about Great Britain’s Financial Conduct Authority discovering as many as 3.2 million people in Great Britain who may have been wrongly sold PPI. The FCA has since ordered banks and credit card issuers to look into each individual case and compensate accordingly.
The Benefits of PPI Claims Merchant Accounts With InstabillWith PPI claims merchant accounts through Instabill, merchants can enjoy benefits such as a free virtual terminal that enables a PPI claims merchants to accept credit card transactions over the telephone. Payouts, either daily (three days in arrears) or weekly (1-2 weeks in arrears), and merchant account fees are determined by the acquiring bank and are contingent upon the strength of your application. PPI merchants will also benefit from our live, one-on-one customer support Monday through Friday from 8:00 a.m. until 6:00 p.m., US eastern time. Contact a merchant account manager at 1-800-318-2713 or via the live chat option above.
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ECS World provides credit card processing services to online and MOTO businesses with its PCI compliant payment gateway solution. Whether you want to process onshore, offshore, or internationally, they have a solution for you!