Consolidating service provider points of presence
Digi Pay’s team of experts, combined with our partners’ proven record of successful debt consolidation services, can facilitate successful new company launches and help existing businesses grow and scale.
The debt consolidation industry expanded rapidly on the heels of the Great Recession of 2008, as consumers sought relief from high levels of unsecured debt.
Visa and Mastercard can impose penalties and fines in the tens of thousands on payment processors and their sponsoring banks for continuing to process transactions for merchants that exceed the permissible 2 percent chargeback ratio.
Non-compliant processors and banks may also be subjected to further scrutiny and potential shut-down by card brands and regulators.
Here are some examples of companies in the space: It is important not to ignore chargebacks, because win/loss ratios matter.Thousands of merchants, from start-ups to enterprise-scale organizations, leverage Digi Pay’s curated knowledge of high-risk payments to securely process hundreds of millions across an array of vertical industries.Digi Pay works closely with debt consolidation partners, providing tailored solutions and timely advice to national and regional service providers, while helping them maintain the highest standards of banking and payment card industry compliance.Digi Pay Solutions is a recognized payment processing brand among leading debt consolidation service providers.The company’s extensive network of partner banks, payment experts and elite portfolio of tailored solutions has helped launch entrepreneurial start-ups and take enterprise organizations to the next level of corporate growth.