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. We are compatible with some of the most popular credit card processing platforms including compatibility with Patriot Bankcard and Advantage Credit Card Processors. And if you do find a high risk cc 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 Pay 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.

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

At High Risk Merchant Pay, we specialize in accommodating high risk merchant accounts for collections agencies. We happily work with businesses on the MATCH/TMF list, and 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.

RATES AS LOW AS 3.95%*

We accept merchants terminated or on the TMF/Match list

Contact Form for Industry pages

Name
First Last
Phone*
Email*
Company Name
Website
Choose Industry
Country of Origin

^*For qualified merchants

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 Pay, 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. Contact High Risk Merchant Pay at (844) 956-1262 to start processing your collection agency’s credit card payments today!