Better Solutions for Check Processing for Collection Agencies

Sep 14, 2015

Running a successful collection agency takes determination, strong management, leadership, and an understanding of state and federal laws. Today’s collections environment is extremely competitive and managers must find and exploit any competitive advantages they can find, like online payment processing, that can quickly process checks paid by clients. EMB is the #1 source for check processing for collection agencies that want to maintain a stronghold on their business. EMB gives their merchants access to superior payment processing technologies such as iCheck for electronic check processing that facilitates quick payment.

ACH is one of the most basic forms of payment processing for merchants. Progressive payment processors have revolutionized ACH by utilizing the phone/Internet within payment options like: checks-by-phone, check-by-web, E-Signed PDF, and more.

Third party payment processors are becoming profitable partners for high risk businesses like collection agencies. The integration of payment processing solutions like (the Automated Clearinghouse), and now iCheck, not only make payment simple for customers, but also fantastic for collection agency managers.

iCheck allows all check types to be accepted at Point of Sale, without consumers being present. With iCheck:

  • Fast electronic deposit of funds, in as little as 24 hour.
  • No consumer notification or receipt is required.
  • Funding is guaranteed.
  • Free online activity monitoring.
  • No check writer authorization requirement.

The need for competent collection agency management and payment processing is critical to run businesses efficiently. Even the IRS and other government agencies have recognized this. Currently, the Senate and IRS are discussing how to use experienced payment processors for help with debt collection services, since debt collection can be a challenging and time consuming task. is the leading online lender that also provides check processing for collection agencies. Don’t miss out on the enormous profits and security that competent payment processing can provide. iCheck and ACH payment processing is the solution to your collection agency payment needs. Contact us to learn more about fast, low hassle check processing for collection agencies. Don’t leave the fate of your collection agency in the hands of amateurs.

Let us help you get a high risk merchant account today!

Get Started

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

Live Chat