Are you bail bonds merchant? Do you deal with higher rates of chargebacks? Are you looking for ways to prevent credit card chargebacks? Just read this article and you’ll learn about several important steps that can help you fight chargebacks. Also, you’ll get to know how to open a bail bonds merchant account fast and easily. What’s a Chargeback? Chargebacks...
Your card may bail you out, but at a price. Most jailers are now allowing the use of credit cards to post bail, and if you are lucky the charge could earn you bonus points that can sort you vacation expenses when you’re set free. An increasing number of jails in the United States are now offering online bail payment...
A bail bond business seems quite attractive to many merchants. It guarantees that the defendant will show up for court based on a legal agreement between the bail or recovery agent, indemnitor, insurance company, and court. Otherwise, the defendant will bear the liability for the full amount of the bond to the court. Bail bond businesses are associated with some...
Are you thinking about selling your bail bond business? Although bail bonding companies make a fair amount of money, they can be difficult to sell. Due to inconsistent valuation and stifling government regulations, most bail businesses don’t hold their value when sold. The following are a few basic tips that will help you price your business just right before the...
One of the biggest problems that consumers have with bail bonds companies is that they are typically “Cash Only”. This limits their usage and convenience. This not only hurts consumers, but also bail bonds merchants. The logical idea would be for bail bonds merchants to get a merchant account, but the processing industry leads you to believe that it is...
On August, 31st bail bond agents were arrested in California in what the Department of Insurance is calling “the largest enforcement action ever conducted by the department.” The raid was the result of a year investigation by the Santa Clara County District Attorney’s Office and the California Department of Insurance. The California Department of Insurance claims that the bondsmen violated...
In the broadest sense, a bail bonds business is quite simple. Somebody gets arrested for a crime (any). The person is taken to court within a few days and the judge sets a bail – the amount you have paid if you want to wait for your next court date from home. Let’s say the judge sets your bond at...
Bail bond businesses can be surprisingly profitable. The industry is very lucrative. Within the past two decades, of nearly 750,000 Americans who are in jail at any given time, two-thirds were awaiting trial. This is close to 500,000 people. Interestingly, (of course only for merchants in the bail bond industry), 89% are usually there because they can’t afford bail. Although...
Bail bondsmen get a bad rep, and for many reasons. Many see them as greedy, as immoral for letting criminals back on the street. Many also see the entire industry as shady. None of these are true, except that they do, with the proper avenues and resources, allow those who have been charged to “bond out” of jail. While many...
The bail bondsmen industry is booming again. Out of the 750.000 people in jail, almost two-thirds are awaiting bail. And bail bondsmen are ready and willing to serve. Recently, the largest convention of the bail bondsmen industry was held in Las Vegas. Hundreds of bondsmen gathered to learn the tricks of the trade, swap war stories, and drum up business....
