Debt Collection Software: Collections Max

Jan 06, 2014
debt collection software

eMerchantBroker.com understands the difficulties involved with running a debt collection agency. It’s a high-risk business that comes with numerous challenges to overcome. Aside from operational concerns such as merchant accounts, finding appropriate software to run your business through can be a headache for any entrepreneur. Debt collection software is pricey if you want performance and if you try to run it on the cheap you cripple your business and leave yourself vulnerable to being nickled and dimed. Fortunately, there’s software on the market available that provides both performance and value: Collections MAX.

Collections MAX is debt collection software that runs on a windows operating system. You can install it for your business either on a single computer or on a dedicated server network giving you the flexibility you need for Collections MAX software. The software emphasizes performance and features such as integration with shopping carts to facilitate the smooth operation of your business.

Collections MAX integrates seamlessly with USAePay as a payment gateway. This enables the software to be competitive with the best of the debt collection software available on the market but at a fraction of the price. It’s integrated structure includes shopping carts ensuring it’s easy-to-use online.

Most expensive debt collection software products will work you to make extra money here and there at the expense of your business. Collections MAX maintains it’s value even after the initial purchase with persistent updates every four months and features that don’t cost you extra to use. Additionally, the extra fees that so often come with debt collection software are skipped so you don’t have to pay  user fees, database licensing fees, support fees, maintenance fees, and data import fees when you upgrade Collections MAX’s software.

Debt collection can be a lucrative business opportunity but it is already expensive enough to set up and get your business running. Finding debt collection software is as pivotal as setting up a merchant account for a collection agency. Collections MAX gives you the bang for your buck and continues to pay you back by not having fees that tax you on a regular basis.

If you’re looking for debt collection software, eMerchantBroker.com highly recommends Collections MAX.

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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 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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