Buy-here-pay-here lots and independent used car dealers are classified high-risk by most processors. We have merchant accounts designed for the used car industry — stable, long-term, no surprises.
Used car dealers — particularly buy-here-pay-here operations — are classified high-risk due to high chargeback rates (customers dispute purchases after problems arise), large average ticket sizes, the complexity of financing arrangements, and the fact that consumers often feel buyer's remorse on large vehicle purchases. Independent dealers without franchise backing face even more scrutiny. Mainstream processors view this risk profile as unacceptable. Banks that specialize in automotive retail underwriting see it differently.
Square, Stripe, PayPal, and most bank processors use automated screening that flags used car dealers businesses based on industry code alone — before they ever look at your actual business. They'd rather decline you than take on perceived risk. We work with specialized acquiring banks who actually underwrite your specific business, not just your SIC code.
Accounts configured for $5,000–$30,000+ vehicle transactions without holds.
Accept card payments for deposits and down payments at the point of sale.
For dealers who want to offset card fees on large transactions — significant savings on vehicle sales.
Accept deposits online before the customer arrives at the lot.
BHPH note collection via recurring ACH or card billing.
Documentation guidance to protect against buyer's remorse disputes on vehicle sales.
We set up high-risk merchant accounts remotely for businesses anywhere in Texas. Local to the RGV and South Texas, but we serve statewide.
Free application. No commitment. We'll tell you exactly what we can do for your used car dealers business before you sign anything.