Partnership brings comprehensive credit monitoring and educational resources to the Great West Pay merchant community
Great West Pay, a payment processing company specializing in merchant accounts for high-risk and specialized industries, has announced a strategic partnership with MyScoreIQ, a provider of credit health and financial wellness solutions. Through this collaboration, Great West Pay merchants gain access to MyScoreIQ’s comprehensive credit monitoring and educational platform — tools designed to help business owners understand, monitor, and strengthen the credit profiles their businesses are built on.
About the Partnership
Here’s something every high-risk merchant learns during underwriting: your personal credit follows your business everywhere. Acquiring banks review owner credit when approving merchant accounts, setting reserve terms, and pricing processing rates. A business owner who can see and manage their own credit health walks into that process better prepared.
That’s the thinking behind this partnership. Great West Pay already helps merchants win and keep payment processing; MyScoreIQ adds visibility into the credit picture that underwriters, lenders, and banks see — along with monitoring, personalized insights, and practical financial guidance.
Who Is MyScoreIQ?
MyScoreIQ is a credit monitoring and identity theft protection platform dedicated to helping individuals understand and monitor their credit health, combining advanced technology with consumer-friendly tools that make credit management accessible at any experience level.
MyScoreIQ provides comprehensive three-bureau FICO® Scores and Reports, credit monitoring, identity theft protection, and expert fraud restoration services. Members get access to the same credit information that lenders see when making decisions about loans, credit cards, mortgages, and auto financing.¹
The platform empowers users to take control of their financial futures with real-time alerts, industry-specific credit scores, and tools to understand how financial decisions may impact their credit profiles.
What MyScoreIQ Offers
Through the MyScoreIQ platform, Great West Pay merchants will benefit from:
- Three-Bureau FICO® Scores and Reports: Access your FICO® Scores and comprehensive credit reports from all three major credit bureaus (Equifax®, Experian®, and TransUnion®) in one secure dashboard.
- Credit Monitoring with Real-Time Alerts: Alerts sent when possible suspicious activity, new accounts, or significant changes are detected on your credit report.
- FICO® Score Simulator: Plan ahead with an easy-to-use tool that shows how different actions could potentially impact your FICO® Scores before you make financial decisions.
- Identity Theft Monitoring: Comprehensive protection with alerts for possible suspicious activity, address changes, dark web exposure, and ongoing checks of national and international records.
- Expert Fraud Restoration Services: Dedicated case-manager support if identity theft occurs, guiding you through recovery, with up to $1 million in identity theft insurance.²
- Member Support: Expert guidance whenever you need help understanding your credit or addressing concerns.
Why This Partnership Makes Sense
“Our merchants operate in industries where every point of financial credibility counts — with banks, with underwriters, with suppliers. Partnering with MyScoreIQ means the business owners we serve can see their credit the way lenders see it, and act on it before it ever becomes an obstacle.“
—Cole Westwood, Great West Pay
Great West Pay chose MyScoreIQ for reasons rooted in what its merchants actually face:
- Credit health decides merchant terms. Owner credit is reviewed in nearly every high-risk merchant account application. Merchants who monitor their FICO® Scores year-round approach underwriting — and reserve or rate reviews — with fewer surprises.
- Business owners are prime identity-theft targets. Merchants’ names sit on public business filings, domain records, and banking relationships, increasing exposure. Dark web and identity monitoring adds a protective layer most small-business owners lack.
- A platform built for every literacy level. MyScoreIQ’s interface makes credit monitoring usable whether a merchant is reviewing their first report or managing multiple businesses.
- Education, not just alerts. MyScoreIQ’s emphasis on credit education matches Great West Pay’s approach in payments: merchants make better decisions when they understand the system judging them, not just their score in it.
- Standards that match ours. MyScoreIQ’s reputation and commitment to data security align with the expectations Great West Pay’s merchants already hold for their payment infrastructure.
About Great West Pay
Great West Pay provides payment processing and merchant accounts for businesses in high-risk and specialized industries, including peptide, travel, and retail, with support for credit card, ACH, and digital wallet payments. Known for fast approvals and underwriting expertise in categories mainstream processors decline, Great West Pay helps merchants build stable, long-term payment infrastructure. Learn more at greatwestpay.com.
