Bail Bonds

If your business deals with bail bonds it may be difficult to secure a merchant account from a traditional bank and institution. The bail bond business is another one of those industries that banks shy away from due to concerns over inconsistent cash flow. It’s difficult to create an accurate forecast in bail bonds because, while people are always going to jail, they’re not always posting bail. There is also an increased risk of chargebacks in the bail bond industry. People that pay to post bail with their credit card, may call back their card company and dispute the transaction after your client has already posted bail and been released from jail.