When a merchant has to send a customer’s delinquent account to a collections agency, it can be a nerve-wracking experience. However, there are many collection agencies available to come to their aid. With the economy growing, this is the perfect time to become a collection agency merchant. You may be scratching your head as to how one becomes a collection agency merchant, but it is actually easier than it may seem.
First off, a new collections agency will need a merchant account server. Without merchant account services you will not be able to process your customer’s payments, which is basically what any business survives on. eMerchantBroker.com, or EMB, is one of the best in the business. EMB is the #1 provider of merchant accounts for the collection agency industry. We are the preferred processor for Collections Max and industry-leading Collections Software. We have helped thousands of collection agencies, large and small, new and old, get the payment processing solutions they needed to grow their business. Another plus of choosing EMB for your collection agency merchant account needs is that we are easy to work with. There is no application or setup fee and you do not have to have a Visa or MasterCard in order to apply. A new merchant can also be approved in as little as 48 hours.
EMB is also the perfect choice for your collections agency merchant account because we deal strictly with businesses in the “high risk” category. Collections agencies are classified as high risk, as are other business types, such as gambling, adult entertainment, and auction websites. This label means that your business may be at a higher risk of fraudulent activity than other businesses. We at EMB have years of expertise with high-risk businesses, and we will gladly advise you on your company’s merchant account needs.
A growing economy means more spending, and more spending means more debt and collections calls. This is the perfect time to start your own collections agency. The perfect complement to your collection agency business is a merchant account provider who is experienced with collection agency accounts, and the issues that may arise with them. For this, you need eMerchanrBroker.com. At EMB, we are at the top of our industry, offering technology and services that others do not. Our staff has years of experience in dealing with high merchant accounts, so rest assured that your account is in great hands.
To start your Collection Agency Merchant Account, be sure to contact us today!