My Collection Agency Merchant Account Was Declined Out Of Nowhere, Turns Out I’m A High Risk Business?

Jun 07, 2016

Merchants running a debt collection agency know their business is “risky.” Debt collection can be rather tricky, so merchants should find a reputable payment processor in the field to apply for a merchant account.

Reliable Collection Agency Merchant Account

To minimize the risks associated with your debt collection business, you should consider turning to a trustworthy payment processing company like As a rule, traditional banks and most processors refuse to serve high risk businesses, and require a thorough history and consistent revenue streams to get approved.

Though the unstable nature of the debt collection industry makes debt collection agents and agencies high risk, EMB is ready to help you grow. Your credit history is not a problem for EMB. is voted the #1 high risk processor in the US and offers the best merchant account services for the collection agency industry.

EMB, as a full-service provider, is the preferred high risk processor for Collection Max and Collections Software. With EMB, thousands of collection agencies, both large and small, have got the right payment processing solutions to grow their business. Thanks to, you can get your collection agency merchant account tailored to your business wants and needs.

Best Merchant Account Services for Your Collection Agency

To provide the best for your collection agency, just turn to an experienced processor like EMB boasts years’ of experience in the electronic payments industry and has an A+ rating with the Better Business Bureau (BBB). No need to apply for a collection agency merchant account abroad: EMB can easily get you a domestic high risk merchant account for your specific business needs.

Some of the advantages provided by EMB include:

  • Business funding
  • Chargeback protection and prevention programs that are unmatched
  • Check processing solutions
  • Experienced staff
  • High risk merchants approval
  • High volume solutions such as load balancing gateways and multiple MIDS
  • iCheck Check Processing service for quick payments
  • No setup fees for most merchants
  • Painless application
  • Payment gateways
  • POS solutions
  • Proven platform
  • Real results
  • Speedy signup
  • Top support

To start, all you need is just need a few minutes, some basic information, and the minimum of paperwork.

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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