Check Processing for Collection Agencies

Aug 26, 2015

Creating a successful debt collection business involves researching and implementing a variety of state and federal laws, setting up a tax structure, and building a sustainable customer base. In order to maintain a thriving business, debt collection merchants must provide electronic payments. Without this ability, the number of ways to collect debts are extremely limited and will almost guarantee failure. To acquire electronic payment services, thousands of large and small organizations have turned to online payment processors to integrate payment processing solutions like (the Automated Clearinghouse) and iCheck to make payment easier for your customers and increase profits.

eMerchantBroker is the #1 source for check processing for collection agencies. Their services have expanded beyond offering merchant accounts. EMB merchants can use iCheck for electronic check processing that facilitates faster funding for a larger selection of checks like: personal, business, government, money orders, travelers and cashiers certified.

iCheck is a type of electronic check processing that makes processing checks faster. It has way less restrictions than ACH. This flexibility makes Remote Deposit Capture (iCheck) perfect for any sales environment. iCheck allows all check types to be accepted at Point of Sale, without consumers being present. With iCheck:

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

ACH is one of the most essential forms of payment processing for merchants. With their standard ACH check processing solution, EMB allows for merchants to utilize the phone/Internet within their payment options:

  • iCheck. Facilitates faster funding. Merchants will see funds from check sales immediately.
  • Checks-by-Phone. Merchants can pay $25 per month to use your recording service to get a voice authorization from clients, plus there are no signatures required for this option.
  • Checks-by-Web. Customers can complete their orders using a secure website. Your customer must click to agree to terms and conditions.
  • E-Signed PDF. Merchants can utilize services like Docusign or Echo Sign to collect signatures for the pdf electronically.
  • With signed PDFs, merchants send their customers a word doc or pdf to sign and return via fax or email. is the leading online lender that also provides check processing for collection agencies. Don’t miss out on this profitable payment processing method.


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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.

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