Get Your Debt Collection High Risk Merchant Account

Jun 22, 2017

Debt collection has been growing in the recent years with the average US household debt rising to more than $130.000. Quite naturally, the most important role of a debt collection business is to be able to collect payment from clients. It’s important to note that the collections industry is still viewed as high risk by traditional banks and other financial institutions. That’s why it’s not easy to get approved for payment processing for a debt collection business.

Fortunately, there exist reputable payment processors like that specialize in the high risk sector and know your high risk business best of all. EMB is voted the #1 high risk processor in the US and has an A+ rating with the BBB. Moreover, EMB is rated A by Card Payment Options and is named one of Inc. 500’s Fastest Growing Companies of 2016. works with debt collection businesses on a daily basis and offers the best debt collection merchant account in the industry. Thanks to exceptional merchant account services offered by EMB, you can grow your business without any difficulty.

The Collections Industry Considered as High Risk

The debt collection industry is regarded as extra high risk. This has to do with the nature of instability and potentially toxic business debts. All these factors make the business of collecting debts difficult and unfavorable for startups.

As a rule, payment processors require a long and thorough history to open a merchant account for a debt collection business. Moreover, this type of businesses should have a consistent revenue stream to get approved for payment processing with ease. The good news is that with, debt collection businesses can easily open a merchant account and get the best for their business wants and needs.

EMB is the preferred processor for Collections Max, and industry leading Collections Software. EMB has helped thousands of collection agencies, both large and small, get the payment processing solutions they needed to grow their business. EMB doesn’t require extensive credit history, and can get your account set up in as little as 48 hours. Thanks to, you can have a collection agency merchant account geared to your own specific business needs.

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 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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