The bail bonds industry is associated with those who lack the financial resources to post bail. To know the latest developments in the field and discover an exceptional bail bonds merchant account for your business, just keep on reading this article below.

Bail Bonds System: Bail Bonds Merchant Account

5% of the world’s population live in the U.S. About 20% of the world’s prison population is in the U.S. as well. The U.S. has the highest rate of incarceration across the globe, with more than 2 million people in prison and jail.

Hundreds of thousands of people who aren’t found legally guilty appear in jails each and every day. Why? They just don’t have the necessary finances to post bail.In fact, this is a trend that’s turned into the mainstream since the 1980s, according to the Prison Policy Initiative. The latter has to do with the research against mass incarceration.

Now, a number of states in the country are questioning whether cash bail for minor offenses is effective in terms of cost or even constitutional.

As a rule, defendants who lack the necessary finances to post bail can use a bail bondsman. Usually, bail bondsmen charge a percentage of the total bail amount for their services. What the bail agent does is to file a bond for the full amount to guarantee the given person will get released from jail. 

When turning to a bail bondsman, people should remember they won’t get their money back, even if the case is dismissed. However, this isn’t the case with a person who pays bail directly to the court.

As for bail bonds merchants, it’s critical for you to work only with a reputable merchant services provider that knows your industry best of all. With a true high risk payment specialist, you can easily get your approval for a bail bonds merchant account at the cheapest rates and with the best terms possible.

Changes to the Bail Bonds System

People are more and more often viewing the service of a bail bondsman as the only way out of jail. Bail bond companies charge a fee, which is typically 10% of a defendant’s bail amount.

Now, bail bond companies in the U.S. are against states’ efforts to make changes to the old money bail system.Like-minded corrections officials, jail runners, judges, public defenders, civil rights groups, and bipartisan leaders think the existing system isn’t working. 

A1987 U.S. Supreme Court case states that liberty is supposed to be “the norm,” and detention before trial “the carefully limited exception.” Today, detention has become the norm for a large number of people who can’t afford bail.

Back in 2017, nearly 33.000 criminal defendants in New York couldn’t afford bail at their initial hearing. They immediately appeared in jail just because of their inability to pay the amount. 

To sum up, bail serves the function of enabling people to avoid staying in jail before trial. It’s been the most common way to get released from jail throughout the history of the American justice system.

Author Bio: Electronic payments expert Blair Thomas is the co-founder of high risk payment processing company eMerchantBroker that offers the most reliable and cheapest bail bonds merchant account in the industry. He’s just as passionate about his business as he is with traveling and spending time with his dog Cooper.

Paul Petersen