EMB The #1 Choice for Collection Agencies

Oct 30, 2015

Today’s business market demands that merchants be able to provide credit card processing for customers. Unfortunately, high risk merchants have a hard time finding payment processors to handle their accounts. Most banks will outright reject high risk business applications. This reality seems backwards to high risk merchants as most provide critical services such as credit repair and debt collection. Now there are online merchants that will create accounts for high risk merchants no matter what their business.

eMerchantBroker.com (EMB) is one of a brand, new elite type of payment processor that supply vital services for businesses that need them, like collection agencies. Collection and debt agencies have been classified as high risk because it has been traditionally difficult to track down and collect money from debtors. Plus the industry is plagued by consumer complaints about unethical treatment and threats if consumers don’t pay.

In 2010 Congress passed the Dodd-Frank Act that created the Consumer Financial Protections Bureau (CFPB). The organization’s job was to monitor the activities of third-party debt collection agencies and create a database of consumer complaints. For the first time, consumers were free to register complaints about specific collection agencies and have them investigated. This new investigative entity has made many debt collection agencies re-examine their tactics, and has drastically reduced complaints.

This shift could further legitimize collection agencies in the eyes of the public and payment processors. But EMB knows that collection and debt agencies are legitimate businesses that deserve competent payment processing. We offer a 99% approval rate for all applicants. High risk merchants often get their businesses approved within 24 – 48 hours.

EMB gives merchants numerous services and benefits like chargeback protection, high volume solutions, check processing and more.  Plus we offer an extremely fast setup process that has taken over the online payment processing industry.

Performing collection services may be complicated, but attaining payment processing should be easy. If you have a collection agency or any other type of agency, turn to the experienced payment processors of eMerchantBroker.com for help. EMB is the preferred processor for Industry Leading Collections Software and Collections. Start your collection agency merchant account application now.

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 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