eMerchantBrokers Collection Agency Merchant Account

Jun 05, 2014

Collection Merchant Accounts are offered by financial institutions and banks that will assist your collection agency in accepting payments, such as checks and credit cards, from customers. This account makes it easier to collect from clients, especially if cash payments aren’t available.

Because giving merchant accounts is not an activity without risk to the bank or financial institution, banks will usually take a risk rating for each business that asks for an account. A high risk retailer, such as a collections agency, is a company that might receive services at relatively high fees, if at all.

Beginning the process of debt collecting can be difficult and isn’t easy for those just beginning in the industry. There are many possible impediments in the way. Due to the unstable debt collection industry it might be difficult to get your foot in the door especially because banks often see delinquent debts, debt collection agents and agencies as high risk.

Banks also have many requirements such as a consistent revenue stream which is crucial in their process of obtaining a merchant account. Also, banks find it important to display a thorough history to credit processing providers.

But there is an alternative, if you have debt collection needs visit the eMerchantBroker collection agency merchant account page. It is the number one provider of collection agency merchant accounts in the industry. Thousands of collection agencies of all sizes have used eMerchantBroker for payment processing solutions in order to grow their businesses. Also, eMerchantBroker is the preferred processor for Collections Max, and industry leading Collections Software.

With eMerchantBroker you can have a tailored system for all your collection agency transaction needs. Moreover with a collection agency merchant account you can immediately start collecting debts from debtors. Debt collection agencies should easily facilitate getting their clients’ payments but without credit processing capability this would be nearly impossible and greatly hinder debt collection efforts.

With an eMerchantBroker collection agency merchant account you can also accept checks and debit cards over the phone or online as a form of payment and your history or bad credit won’t eliminate you from getting an account.

There are no application fees and no credit card required. eMerchantBroker offers competitive rates and a secure payment gateway, all with approval in less than 48 hours.

Our team is experienced at finding merchant accounts that are friendly to debt collection agencies.

Click below and Apply today for a new merchant account from eMerchantBroker



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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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