Collection Agency Merchant Account Solutions

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*Rates are quoted as % above card brands interchange costs, dues, fees, and assessments.

Looking for a Debt Collection or Collection Agency Merchant Account?

If your’e looking to secure a collections agency merchant account you have come to the right place. The debt collection industry is booming now more than ever, with over 55.2 billion in aqquired debt. Clearly this is a profitable industry and there is potential for immense earnings. However, before launching your’e exciting new business venture you will need to findrelibable merchant account services for your collection agencies. This unique industry is considered high risk, so you will need to secure a high risk collection agency merchant account. At Payment Pro’s we work with a variety of fields, including

  • Debt Collection Agencies
  • Debt purchasers and buyers
  • Corporate departments

High Risk Payment Pro’s is proud to be the most tech savvy and experienced payment processor in the industry. We have strong banking relationships so we can get you a reliable stream of income with our debt collection payment processing.

Once categorized as a high risk industry it is difficult to find the right merchant account provider that you can trust. With out strong reputation and amazing customer service, we are here to help your business succeed!

Have You Lost Your Merchant Services for Collection Agencies?

Collection agency payment processing is actually very simple if choosen correctly. As an experienced merchant account provider we have seen successful businesses deal with using the wrong provider for their business. Because collection agencies are reffered to as high risk it is important to choose a respectable merchant account that works with high-risk accounts. It doesn’t need to be a horrible experience. First, it is important to understand that the verdict of approval is in the hands of the underwriter who assessing your account. The underwriter is the main man incharge. They protect debt collection payment processors from losses because of chargebacks, or fees from card manufactures.

It is very common for a payment processor to easily deny high risk businesses or even have incredibly high fees you must pay. We understand that starting a new business in this industry is expensive, at High Risk Payment Pro’s we have worked hard to give you the affordable rates your business deserves. All we look for is that the business is ethically and legally progressing into a debt collection agency. A good business model is important but we understand a business takes time to become the profitable. You will be accepted if you are oppertating from a licensure with the Fair Debt Collection Practices Act (FDCPA). These country and regional laws are very important so that you wont get shut down, or worst case shut down again. If you have experienced a merchant account shut down then it is important to reasses if all these regulations apply to your debt collection business. If you have lost your collection agency merchant account Payment Pro’s can get you accepterd and accepting payments in no tim!


How Does Being High Risk Affect Collection Agency Credit Card Processing?

The best advice a small company can recieve is to always be very aware of the chargeback ratios. It is very possible to avoid chargebacks, however if the chargebacks build up it can have a negative important on the merchant account leading to a complete shut down of the businesses income funnel.

collection agency merchant accounts

Because of the high ratio of chargebacks this is classified as high risk and can affect your credit card processing. Chargeback numbers are based on how many of your customers called their issuing bank and initiated a chargeback because of the the business services. Unfortunately, you cannot make up for the chargebacks with more positive business, the number of chargebacks will always override the other successful business.

Clearly, client satisfaction is vital when creating any successful business. Reputation is important and if your collection agency gets our of hand with chargebacks it can damage your reputation, however if you have a truthworthy and experienced merchant account for credit card processing it can save your business and retain clientele. High Risk Payment Pro’s makes finding the right collection agency merchant account easy.

  • Fill out an online application
  • Submit the proper documentation
  • Let our expert underwriting team go to work for you to get you approved
  • Start accepting payments and making money

How Can High Risk Payment Pro’s Help Me Get Merchant Account Solutions for Collection Agencies?

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Why

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

collection agency payment processing

Our Services


Collection Agency Merchant Account Experts

  • Fast Account Approval
  • Large Merchants Welcome
  • 10+ Banking Relationships
  • Retail & E-Commerce Adult Accounts
  • B2B Adult Accounts Welcome
  • In House Under Writing

Multiple Payment Solutions

  • Credit Cards
  • ACH
  • E-Checks
  • Custom Gateway
  • Mobile Payments
  • EMV Readers
  • B2B-Level 2/3 Data Discounts
  • Chargeback Management
  • SSL Secure Checkout

Top Customer Service

  • POS/Terminals Available
  • Developer API/Docs
  • Dedicated Account Managers
  • Custom Gateway Tools
  • Vault
  • Custom Checkout Plugins