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A collection agency merchant account is essential to process payments in this unique industry. The debt collection agency industry is one that grossed over $10.4 billion in 2013, domestically, collecting $55.2 billion in acquired debt, and these numbers just continue to grow with every passing year (approximately 15% each year since).
15 de dic. de 2023 · Are you a collection agency looking to expand your payment options and streamline your financial transactions? If so, securing a collection agency merchant account is an essential step to take. In this article, PaySpire will guide you through the process of understanding, preparing for, and acquiring the right merchant account for your collection agency. Understanding … How to Secure a ...
28 de abr. de 2014 · Debt collection agencies can be tricky for opening merchant accounts. Many traditional banks will shy away from opening a debt collection agency merchant account because of the financial and reputation risks involved. Look for reputable alternatives such as eMerchantBroker to help you open a collection agency merchant account.
Collection agency merchant accounts allow you to process payments from supplied card details, however due to the high risk nature of the collection agency business regular accounts aren’t suitable for these types of merchants. A chargeback ratio of more than 1% is considered high risk by many merchant account providers and will cause standard accounts to be flagged or suspended.
16 de sept. de 2012 · We’ll help make sure you get set up with the right type of account for your needs. On top of that, we aim to cut a lot of the red tape and get new merchant accounts open and operating for our clients as quickly as possible. In some cases, it’s possible for a new US collection agency to have an account open and filing transactions within 24 ...
16 de ago. de 2017 · Head Office. 10300 49th Street N Suite 427 Clearwater, FL 33762. Branch Office. 45 Rosehaugh Road Inverness ,Inverness-Shire IV3 8SW United Kingdom
Payment Gateway For Debt Collection Merchant Account. High Risk Solutions payment gateway supports more than 160 currencies. US and Canadian Dollars, Great Britain Pounds,Euros are just a few that you will be able to accept. Flexibility allows you to accept payments in your clients’ local currency. Our PCI DSS payment gateway also supports ...
