Exclusive Payment Processing Services For Collection Agency Merchants

Sep 01, 2016

Debt collection agencies are associated with getting their clients’ payments so not letting credit processing capability stop your agency before it even gets started. It is highly important for merchants to apply for a collection agency merchant account from a reliable payment processing company.

Choosing the Best for Your Collection Agency

Take your time to find a reputable payment processor like EMB to get the best for your company. The experienced team at EMB can open a secure and low-cost collection agency merchant account with ease.

EMB is voted the #1 high risk payment processor in the United States and the #1 provider of merchant accounts for the collection agency industry. All you need is providing a minimum of paperwork and some basic information. You won’t even be required to submit an extensive credit history. Your account can be set up in as little as 48 hours.
EMB is the preferred processor for Collections Max, and industry leading Collections Software. Thousands of collection agencies, both large and small, have got EMB’s payment processing solutions they needed to start and grow their business successfully.

Getting an Exceptional Merchant Account for Your Collection Agency

Newcomers may find the process of collecting debts rather tricky. In fact, it is not favorable to startup companies either. Many credit processing providers will stay away from you if you cannot provide a thorough history. You must also have reliable and consistent revenue streams so to easily get approved for a merchant account.

Debt collection agents and agencies are labeled as high risk because of the unstable nature of the debt collection industry. However, processors like EMB have the resources to get the right account for your collection agency.

All the above-mentioned facts are not a problem for emerchantbroker.com. EMB can provide a merchant account even if you work with charged-off debt. EMB offers:

  • Proven Support and Exceptional Services built on experience
  • Vast Knowledge that has helped a diverse list of customers
  • Speedy Signup that takes just a few minutes
  • Fast Approval that is hassle free
  • Proven Platform that has helped thousands of big and small merchants develop successful businesses
  • Real Results

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

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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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