Collection Agency Merchant Account

Collection Agency Merchant Account

Specializing in collect agency merchant accounts for small business owners that do not qualify for a traditional merchant account. From large corporations to small mom and pop's, we have a credit card processing solution to meet your needs. Our experienced staff is standing by to take your call, so don't delay and call today. For fastest appoval.

  • Collection Agency Merchant Services
  • Collection Agency Credit Card Processing
  • Collection Agency Merchant Processing

Debt Collection Agencies

Secure Payment Processing for Your Debt Collection Agency

If you run a reputable debt collection agency, you probably know how difficult it is to find a reliable payment processor that will accept your application. Most low-risk payment processors won’t work with debt collection agencies because these businesses are deemed high-risk. And if you do find a processor that accepts your application, you often have to pay sky-high rates.

If you’re looking for affordable, secure payment processing for your debt collection agency, there is a better way. High Risk Merchant Accounts understands the risks associated with debt collection agencies, and we have implemented a variety of fraud prevention and chargeback mitigation tools in response. This allows us to take on debt collection merchant accounts and still offer affordable rates.

If your company is in the business of collecting debt, you are most likely A. Tired of countless low-risk processors denying your application simply because they deem your company to be a high-risk liability, and B. Struggling to find an affordable payment processor who can keep up with your online debt collections while mitigating chargebacks and fraud Have other low-risk processors denied your application for a merchant account? This often occurs because the debt collection industry is notorious for friendly fraud and an excessive rate of chargebacks. The debt collection industry is vulnerable due to its clientele – people who already have bad credit. Those who already owe a lot of money, have bad credit, and likely don’t have much available cash are more inclined to dispute valid credit card charges. As a result, customers often contact the issuing bank and deny charges after receiving purchased services. These types of “friendly fraud” chargebacks are often initiated by debtors so they can get refunds they don’t deserve or because they believe they were overcharged for services. Unfortunately, these chargebacks are considered too much of a financial risk for low-risk processors and collection agencies find it extremely difficult to get approved for credit card processing solutions on their website. On top of that, debt collecting merchants are faced with excessively high rates simply because they are considered a higher risk industry. High processing fees make it difficult to run your business profitably. You need a merchant services provider who understands your business and offers competitive rates. At High Risk Merchant Accounts, we have a long history of working with debt collection merchants and won’t deny your application solely due to industry stereotypes or a history of being terminated by other credit card processors. We make sure to evaluate each debt collection company based on the assessments our team of underwriters and in-house compliance team make during our simplified underwriting process. As long as you’re a legal, reputable business, we can provide you with a personalized merchant account that fully suits your daily needs and long-term goals.

High Risk Merchant Accounts Supports Secure Payment Processing for Your Debt Collection Agency

At High Risk Merchant Accounts, we specialize in accommodating high risk merchant accounts for collections agencies. We won’t deny your application simply because of industry stereotypes or because you’ve been denied or terminated by other payment processors.

Our expert underwriting team evaluates every prospective merchant individually, and we work hard to devise custom payment processing solutions for every merchant—no credit required. In most cases, we’re able to approve high-risk merchant accounts in as little as 1 to 2 days. As long as you transact business legally and reputably, we can create a solution that meets your needs.

We know payment security and profit protection are your top priorities. Therefore, we provide advanced fraud protection and chargeback mitigation tools that decrease chargeback ratios while boosting profits. Our team helps you to resolve chargebacks in a timely fashion using advanced chargeback mitigation tools and continuous fraud monitoring of your transactions in real time. Through real-time monitoring of your e-commerce transactions, you have the opportunity to resolve harmful chargebacks immediately, and your profits remain protected. We also partner with leading industry professionals, such as Ethoca and Verifi, who specialize in fraud detection tools and real-time alert programs to help keep your merchant chargebacks remain under 2%. At High Risk Merchant Accounts, we are dedicated to ensuring that all credit card payment gateways and integrated shopping cart solutions stay secure, monitored, and compliant with all PCI DSS standards.

Global Payment Processing for Debt Collection Agencies

At High Risk Merchant Accounts, we build relationships with banks around the world, so we can provide flexible, daily payment processing to our clients worldwide. Need international payments processed daily? We can process in over 169 currencies, eliminating any delay in payments due to currency issues or conversions and no problems with receiving payout in native currencies. Our merchant payment integrations offer an end-to-end solution for one flat rate and comes fully equipped with an in-house support team available to walk you through the application process. Our hassle-free application process includes no credit check or background check. We offer merchant accounts for collection agencies who offer a variety of products and services such as:
  • Debt collection
  • Debt consolidation
  • Debt dispute resolution
  • Fee-based or contraction tax collection services
  • And more

The Challenges That Debt Collection Agencies Face

Debt collection serves an important purpose—without it, reputable lenders couldn’t hope to stay afloat. However, as a debt collection agency, you inevitably have to manage an endless array of frustrated, dissatisfied clientele. It’s just par for the course. If someone already has bad credit and a questionable financial history, they’re statistically more likely to dispute any charges that you implement. As a result, your chargeback ratio increases, and your merchant account is placed in jeopardy. This is a major part of why payment processors often deny debt-collecting merchants. There’s simply too much liability involved. 

At High Risk Merchant Accounts, we offer:

  • State-of-the-art chargeback mitigation tools that identify potential fraud and protect your business
  • Partnerships with fraud detection leaders like Ethoca and Verifi to help keep your merchant chargebacks under 2%
  • A secure e-commerce gateway and integrated shopping cart solutions that are compliant with all PCI DSS standards

We Offer Global Payment Processing for Debt Collection Agencies

Because we’re fully PCI-compliant, you can count on secure payment processing for your debt collection agency. We process over 169 forms of currency, and our payment gateways are compatible with more than 175 ecommerce platforms. Best of all, these features are all available for one low rate with no hidden fees.

So whether you need debt collection merchant account services for debt consolidation, tax collection, or any other debt services, we’re here to support your business.

Call us today or apply online. Our experienced staff will determine your specific needs and recommend a solution that meets your specific situation. We understand that one size does not fit all and can tailor your credit card processing to meet your individual needs.

Call us today We look forward to working with you