Debt collectors that are trained properly cannot act in a false or misleading manner in an effort to get you to pay. As a debt collection agency, you will likely need to find a high-risk merchant account for payment processing. In conclusion, debt collection merchant processing is an indispensable asset. And, © Copyright 2020 High Risk High Risk Merchant Services By HighRiskSolutions.com. But it's completely different for the collections industry. Who will self-cure and who will go to severe delinquency? Based in Portsmouth, New Hampshire, Instabill is a high risk merchant account provider that is capable of serving debt collection agences. High Risk Solutions delivers reliable and timely payouts. Features Of Our Convienience Fee Solutions: ⢠Full compliance eliminates worry about lawsuits, or potential fines Merchants Adjustment Service is a full service medical, commercial and consumer bad debt collection agency located in Mobile, AL. But it's completely different for the collections industry. Collection agency merchant services are considered high risk because agencies tend to experience a higher than average rate of chargebacks: Debtors will sometimes provide credit card information to the agency and, then later, contact their banks to stop payments. Offshore Debt Collection Merchant Account Service. Process Credit Cards from any computer with Internet access through a Virtual Terminal. We at Safeguard Merchant Solutions specialize in debt. The first order of business is eliminating any barriers to progress. Services such as managed billing, early out, letter campaigns and call campaigns can be tailored to fit your needs. Merchants within the debt collection agencies industry include businesses that pursue payments on debts owed by individuals and businesses. Role of our Merchant Cash Advance lawyers. Commercial debt collection for merchant cash advance funders, small business lenders, alternative finance providers, and bankcard processors. By their nature, payment plans include recurring billing models which carry risks, such as the debtor forgetting about … Secure credit card processing from your Office, your Website, and On The Go! We have a fast process for underwriting and can start processing credit cards for your debt collection agency within a week. Debt Recovery Business Merchant Processor. Process Credit cards with any cell phone, including iPhones! Merchants Credit Bureau (MCB) is one of the leading credit reporting, medical billing and debt collection agencies in the US. Debt Recovery Business Merchant Processor. Our compliant convenience fee solution in the collection industry adheres to all State laws, and all Card rules. This is what ensures State compliance. Each Payment will include the principal amount and a fixed amount for the convenience fee, to the card holder’s account, ensuring Card compliance. Some debt collection scams are … Tel: (866) 627-7083, Debt Collection Agency Payment Processing and Merchant Account, Forex Payment Processing Gateway Merchant Account, Payday Loan Merchant Account Services For Cash Advance Firms, BEST PAYMENT GATEWAY FOR HIGH RISK BUSINESS. (833) 637-0149. Yes, you will be able to process credit card sales through your website, through a secure online virtual terminal, and have the capability to send an electronic invoice with a link for them to pay. Offshore Debt Collection Merchant Account Service. Debt collection help might include; collection demand letters, debt collector … With NMA’s expertise and deep commitment to collaboration, debt collectors can thrive with a long-term MID A number that numerically identifies each merchant to the merchant processor for accounting and billing purposes. Debt Collection Merchant Accounts. Debtors owe the money and may not have it. We hire brokers for a variety of areas including insurance, customs, freight - is it time to hire a debt broker that will help with the resolution of your debt? Multiple Platform Processing: Offering multiple merchant payment solutions for collection agencies sets us apart from our completion. Once the debt collection agency verifies the debtor will not revoke a transaction and has a good payment history without returned items, the debtor can be transferred to ACH by the debt collection agency. Merchant Stronghold works with a number of processors and gateway providers with sponsor financial institution relationships that offer both domestic and offshore debt collection merchant accounts. Update: 05-01-2021 We are very aware of the current domestic situation with processing and debt collection services being shut off. Contact High Risk Merchant Pay at (844) 956-1262 to start processing your collection agency’s credit card payments today! Restructuring Lower Payments – we can lower your payments if your revenues are down or you are overextended with too many positions or other obligations. Merchant services for debt collection are not available from every financial institution. info@recover.solutions … Hassle Free& Recovery Guaranteed Merchant Account for Collection Agency. Works with debt collection software like Simplicity, CollectionsMax. We specialize in debt collection merchant processing and are savvy on all card brand, state and federal regulations. Once approved, our specialists will monitor your account and keep your chargeback ratio as … Give us a call at 1-866-303-2558. We have multiple underwriting merchant processor banks available to provide reliable payment processing services for your business. 3-6 months of payment processing history and statements that include company name, total sales, chargebacks, refunds and returns. High Risk Solutions payment gateway supports more than 160 currencies. Access your Virtual Terminal from any computer with Internet access. Resulting in a bounced check. Mercantile Adjustment Bureau 165 Lawrence Bell Drive, Suite 100 Williamsville, NY 14221 p: 1(800) 480-7094 Click here to listen. There are several business collections lawyers who know the law and the unscrupulous ways of debt collectors. Make a payment. is a Debt Collector. Dial our Phone Charge phone number to process a card over the phone. ( … Accept credit card payments from your website. ( ⦠Date Blocked August 31, 2020. Debtors owe the money and may not have it. We at Safeguard Merchant Solutions specialize in debt. When things become difficult and you areapproached by a collection agent from a MCA you need to seek legal advice. If you need another type of solution for your merchants collection agency, explore our site to see all solutions offered. This is an attempt to collect a debt and any information obtained will be used for that purpose. Collection merchants can count on NMA to provide custom merchant accounts, in-house underwriting, and risk management to maintain MIDs and keep them healthy. Our Various Merchant Cash Advance Debt Relief Solutions Forbearance Agreements – we can get you a break on your payments for some time. Merchant Solutions is committed to providing the best product, and customer service in the credit card processing industry... Retail (Swipe) and MOTO (Keyed-In) Accounts. HighRiskSolutions.com is a registered ISO of Wells Fargo Bank, N.A., Walnut Creek, CA. Merchants Recovery Solutions, Inc. 711 N 1st St Phoenix, AZ 85004-2011 Merchants Recovery Solutions, Inc. Merchants Recovery Solutions, Inc. is an Arizona collection agency. You may see them listed on your credit report as a collections account. Industry leading customer support to help you with any questions. Contact High Risk Merchant Pay at (844) 956-1262 to start processing your collection agencyâs credit card payments today! Merchant account and credit card processing solutions that are friendly towards Collection companies. Resulting in a bounced check. First, we offer no setup fees and no application fees – no fee basis in which we only make money when we collect on your outstanding debt. Multiple Platform Processing: Offering multiple merchant payment solutions for collection agencies sets us apart from our completion. Merchants Adjustment Service, Inc. (MAS) is a debt collection agency located in Mobile, Alabama. Needs are varied depending on your particular business practices and processes. This communication is from a debt collector. Collection Companies, Student Loan Processing, Medical Collections, Judgements, Commercial and Consumer, Tax Resolution, Credit Repair Financial Services, Attorneys, Consulting Firms. As customers accruing debt will ultimately want to pay off past due financial obligations via a credit card or electronic check, obtaining a stable merchant account is critical. We have a fast process for underwriting and can start processing credit cards for your debt collection agency within a week. Any pause with, or failure to identify themselves clearly and immediately, is a huge red flag. View all of your transactions, archived by date (batches). These kinds of words and phrases are not used by legitimate debt collectors. Arizona collection agencies can help businesses, medical practices and facilities that are creditors to collect their accounts receivable. ⢠Support for Credit Card, Debit Card and ACH Processing Today the world of processing payments is as complicated as ever. We can help you accept debit cards, credit cards, and electronic checks - known as ACH Processing. Perfect for Established or Startup Debt Collection Agencies (Consumer or Commercial), Credit Resolution Services, Financial Services, Medical Collections, Loan Modification, Business Consulting, Tax Resolution Firms, Attorneys, Student Loan Processing Companies. Mercantile Adjustment Bureau 165 Lawrence Bell Drive, Suite 100 Williamsville, NY 14221 p: 1(800) 480-7094 Debt collection companies are perceived as high risk by the majority of merchant account providers and gateway hosts. Itâs important that when applying for a high risk merchant account you speak to an advisor with a solid level of experience in this industry. No solutions for collections merchants who purchase debt. Flexibility allows you to accept payments in your clientsâ local currency. Our PCI DSS payment gateway also supports large ticket transactions. Debt Collection Merchant Accounts. The company’s products and services for debt collectors include multiple currency support, offshore banking partners, an online payment gateway, shopping cart integration, and fraud protection. US and Canadian Dollars, Great Britain Pounds,Euros are just a few that you will be able to accept. ⢠Options to integrate into Web Applications, Desktop Applications, Mobile, and IVR! Debt Recovery Solutions, LLC. Debt collectors are required to inform you of who they work for, and the debt they are contacting you about. Block this robocall and over 3,558,424 more! The collection industry is diversifying and growing and DigiPay can accelerate that growth, by giving debt collection merchants the attention and resources they deserve and a one-stop shop for processing solutions. High Risk Solutions delivers reliable and timely payouts.  Credit card transactions can even be paid out as quickly as the next business day.  The Fees per credit card sale can be deducted from each sale or be paid out at the end of each month in one lump fee. Logically, having the ability to collect payment from clients is the single most important role of a debt collection business. Merchant accounts are now essential for most businesses especially the online merchants. Whether you are in financial services, banking, lending, leasing, debt collection, healthcare or utilities and telecommunications, you face guesswork about who will or will not pay. So whether you need debt collection merchant account services for debt consolidation, tax collection, or any other debt services, we’re here to support your business. Piece of mind from a reliable payment processing service for your debt collection, credit restoration, tax lien resolution, attorneys, startups, commercial or consumer, medical collections student loan processing and more!. Some debt collection merchants use echecks for the first few recurring payments to “vet” the debtor. We provide collections credit card, debit card, and ACH processing that exactly meets the needs of collection agencies, no matter the size. Merchants Solution Group. Perfect for developers or businesses that require custom solutions for credit card processing. We understand that businesses have a need in today's environment to stay running without being impaired by debt. Our service promises to assist merchants from all industries, both high risk and low risk. Hassle Free& Recovery Guaranteed Merchant Account for Collection Agency. You need a business license, bond or both. Federal and state laws regulate collection agencies, however High Risk Solutions (HRS) specializes in working with high-risk merchants. If you run a legal debt collection business type, then we will able provide you with the solutions to process credit cards for debt payments. Many acquiring banks consider debt collection agencies as a high-risk business type. Plugin options available to your software systems to process your client firm payments. Real-time credit card processing enables businesses to get instant notification of either approval or denial. PCI Compliant, secure credit card processing for your financial services consulting businesses. When things become difficult and you areapproached by a collection agent from a MCA you need to seek legal advice. High-risk merchant accounts necessary for an outstanding financial transaction Collection Agencies are rising nowadays and apply tactics to get debtors to pay; the debt collection industry lacks a good reputation. The Fees per credit card sale can be deducted from each sale or be paid out at the end of each month in one lump fee. Whether you are in financial services, banking, lending, leasing, debt collection, healthcare or utilities and telecommunications, you face guesswork about who will or will not pay. We understand that businesses have a need in today's environment to stay running without being impaired by debt. Easy to use system can allow you to schedule payments in advance, electronic invoicing, customer management and vault system. (833) 637-0150 is a Debt Collector. Our Info. Payment Gateway For Debt Collection Merchant Account. Save money with Merchant Solutions low processing rates and free terminal program. Most major banks will hesitate to offer merchant accounts for debt collection agencies due to the unstable regulatory climate of the industry and the unreliable income streams for debt collectors. Services such as managed billing, early out, letter campaigns and call campaigns can be tailored to fit your needs. Merchant Account for Debt Collection Agency Accept credit card payments at your collections business with state-of-the-art virtual terminals while taking advantage of big savings on processing fees! Directory >> USA >> Illinois >> Chicago >> Merchants Credit Guide Co. Merchantsâ Credit Guide Co. was founded in 1896 and its family owned and operated. Collecting debt is challenging. Get started today! Manage your customer contact information. 6800 Jericho Turnpike Suite 113E Syosset NY 11791 (800) 851 - 9592. Collecting debt is challenging. Apply For Debt Collection Merchant Services Now. 24/7/365 Back office client services to assist you with any issues and problem resolution. Referring to any investigator is awfully close to suggesting there is law enforcement involved in collecting the debt. Merchants Solution Group. Debt collection companies are perceived as high risk by the majority of merchant account providers and gateway hosts. Most convenience fee solutions can save you money, but theyâre not fully compliant with the major card brands. Collections Agencies. We hire brokers for a variety of areas including insurance, customs, freight - is it time to hire a debt broker that will help with the resolution of your debt? Transcript Transcript not available. Seattle Collection Agency | Merchants Credit Association MCA is a premier full-service debt collection agency, providing successful debt management solutions with integrity since 1937. . Without merchant services, debt collectors cannot process credit cards or take payments online. Merchant accounts became the utmost sought, after the wireless credit card terminal was introduced in the late 1990âs. FISâ statistical modeling solution, Predictive Metrics, employs behavioral data to optimize collections. Online Check processing also available.  Many countries require debt collection companies to obtain appropriate credentials. The United States is included. It’s important that when applying for a high risk merchant account you speak to an advisor with a solid level of experience in this industry. This sort of business is loaded with risk and all the revenue depends on the debtor working awesomely and is facing forthcoming reforms. We, at ePay Global provides high risk Merchant Account and Payment gateway solutions to Collection Agency Merchant Account, where they can ask for money from customer through using our gateway.Collection agent or Debt collection merchants are in a huge and rising industry. High Risk Merchant Account & Merchant Account Services Collections Merchant Accounts for Debt Agencies. Debt recovery, consumer and commercial, debit cards, credit cards, visa and mastercard billing solutions. They specialize in medical debt recovery. How Does Credit Card Processing Work for High-Risk Businesses. We offer a fully compliant convienence fee program. Debt & Collection Agency Payments Merchants is a remarkable standout and leading provider of specialized yet affordable payment solutions for a vast array of processing requirements for business ranging from small and midsize to your “Fortune 500” conglomerate. This is an intimidation tactic. They will help you solve your debt problems and teach you how to get debt relief. Credit card processing for collections business. Collection agencies are some of the highest risk business types within the credit card processing industry. A strategic way to allow credit card transactions for collection agency, debt brokers, debt consoldiation, commercial collections, collecting on loans, collecting on NSFs, collecting on past due medical bills. Payment Savvy specializes in debt collection agency merchant account. Apply For Debt Collection Merchant Services Now. Merchant Stronghold works with a number of processors and gateway providers with sponsor financial institution relationships that offer both domestic and offshore debt collection merchant accounts. Both Startups and established companies welcome! If you need another type of solution for your merchants collection agency, explore our site to see all solutions offered. Who will self-cure and who will go to severe delinquency? They will help you solve your debt problems and teach you how to get debt relief. Credit Card Processing for Debt Collection Businesses Arizona collection agencies can help businesses, medical practices and facilities that are creditors to collect their accounts receivable. Merchant Card Advisors specializes in providing comprehensive merchant account services for high-risk businesses, including businesses in the debt collecting sector. High Risk Solutions payment gateway … This can happen if you forgot to pay a bill and your account was sent to a debt collector. Tampa, FL 33602. Debt Collection Merchant Account Payouts. We provide a full range of payment processing solutions for collection companies, startups, established business, capped volume inssues, declined or shutoff merchants we can help! We provide collections credit card, debit card, and ACH processing that exactly meets the needs of collection agencies, no matter the size. Businesses served within the collection industry. First, we offer no setup fees and no application fees â no fee basis in which we only make money when we collect on your outstanding debt. With an experienced team and a commitment to excellence, MCB is dedicated to providing solutions that help businesses make effective, prompt decisions to manage risk. At AcceptDebtPayments.com, we have one goal: help debt collection companies, large and small, with credit card processing payment gateways that are cost-effective and simple to manage.. We know that starting a collections business and collecting on debts can become confusing, with various roadblocks and red tape along the way. In conclusion, debt collection merchant processing is an indispensable asset. Multiple underwriting processor banks available. We service the entire Southeastern United States. Accept credit cards on your website via a Shopping Cart, Payment Buttons, and Custom Scripts. Payment Savvy specializes in debt collection agency merchant account. Let's face it. Business Profile. So whether you need debt collection merchant account services for debt consolidation, tax collection, or any other debt services, weâre here to support your business. Powered by Nomorobo. we are able to offer credit card processing for debt collection companies under the following two options: This is an attempt to collect a debt and any information obtained will be used for that purpose. Increasing the risk of a revoke. SECURE LOWER RATES. Both Startups and established companies welcome! Restructuring Lower Payments â we can lower your payments if your revenues are down or you are overextended with too many positions or other obligations. We facilitate secure, fast, and reliable transactions for all of your business objectives without compromise to the close personal … At least 3 months of business banking statements; Approvals: 7 business days to two weeks; Offshore Startup Collections Agency Merchant Account. We can help your collection agency even if you’ve you been turned down by service providers in the past. The setup of debt collection agencies to include recurrent billing models also contributes to their classification as a high-risk account for merchant services providers. Debt collection scams are getting sophisticated. We service the entire Southeastern United States. No solutions for collections merchants who purchase debt. FIS’ statistical modeling solution, Predictive Metrics, employs behavioral data to optimize collections. Banks and credit card companies are very cautious of debt collection companies since they come under High … Credit card transactions can even be paid out as quickly as the next business day. Give us a call at 1-866-303-2558. We have multiple underwriting merchant processor banks available to provide reliable payment processing services for your business. Or they may spend the money elsewhere before the debt payment transaction clears. Listen. ⢠Provides meaningful reductions to your high risk merchant account fees If you have a debt-related business, you may have experienced difficulties with payment processing providers. Banks and credit card companies are very cautious of debt collection companies since they come under High Risk ⦠Most agencies operate as agents of creditors while others buy debt portfolios from creditors at large discounts and then, pursue outstanding balances for their own gains. Get started today! Today the world of processing payments is … Collection Merchant Account payment processing increases revenues, reducing costs and streamlines business operations. Merchant account and credit card processing solutions that are friendly towards Collection companies. SQUARE HIGH RISK ACCOUNT All New High Risk Accounts Can Earn Up To A $500 Visa Gift, Best Payment Gateway For High Risk Business Getting the a payment gateway for specific high risk business, Seventy-three percent of people would leave a store if it didnât offer a credit card terminal and they, Credit cards are an integral part of the modern economy; without credit, some people can't purchase anything. Does High Risk Solutions offer low rates? Yes, High Risk Solutions has competitive and affordable fees. AcceptDebtPayments.com â Debt collection payment processing. We also have Multiple Offshore Options available depending on your situation. PO Box 157. Our rates are very competitve and can even be compared to a low risk business type. Depending on how much your company will process on a monthly basis will be a contributing factor on how low your rates can be.  It is not out of the ordinary to have rates as low as 2% for debt collection businesses. 3-6 months of payment processing history and statements that include company name, total sales, chargebacks, refunds and returns. Merchants Adjustment Service is a full service medical, commercial and consumer bad debt collection agency located in Mobile, AL. Merchant Solutions retail credit card processing solutions allow merchants to offer flexible methods of payments at the point-of-sale, including major credit cards, debit cards and checks. Role of our Merchant Cash Advance lawyers. Easy online access to your statements. Multiple Payment Gateway options available for your internet presence such as Authorize.net, NMI, USAEpay. The collection industry is diversifying and growing and DigiPay can accelerate that growth, by giving debt collection merchants the attention and resources they deserve and a one-stop shop for processing solutions. Services include First-Party Letters and Phone campaigns, Pre-Collection, Third-party low impact, Full Collection,Skip Tracing, Credit Reporting etc. Most debt collectors set up payment plans for debtors who are unable to pay the amount due in a lump sum.
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