Debt Collection Merchant Accounts

eMerchant Authority specializes in merchant accounts for high-risk businesses; this includes debt collection agencies. Due to the unique processes we have in place, we can offer affordable rates for our services.

We Work With: Merchant Payment Options

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Rates as low as 1%

*Rates quoted as the % above normal card interchange
costs, dues, fees, and assessments.

Merchant Account For Debt Collection Agencies

If your company is in the business of collecting debts, then you will need to have some way to process payments. This means that you will need both a payment processor and a merchant account. Due to the risky nature of your business the typical bank won’t deal with you. You almost certainly will not be able to work with companies like PayPal. Instead, you need to search for high-risk merchant accounts. eMerchant Authority can help with this.

Whatever type of debt collection your business operates in, we are confident that we can find a high-risk merchant account for you. This includes debt collection companies and debt buyers.

Remember; if you do not take the time to find a merchant account designed for high-risk businesses like yours, your company could lose it’s ability to process transactions overnight. This means that you could, effectively, lose your ability to run your business. This is why we want to help you get the right debt collection merchant account from the very start.

Use our fast application to get a custom tailored merchant account that fits your needs.

What to Look for When Searching for a Debt Collection Merchant Account Provider

As a debt collecting agency, opening a debt collection merchant account is the best thing you can do to improve your business cash flow and offer more payment options to your customers.

However, you need to hire a merchant debt collector account provider who offers merchant collection solutions that meet your company’s needs.

To know the right provider, here are factors to consider when looking for a debt collection agency for your debt collection business.

  • Experience working with high-risk industries – You want a merchant account provider who has the experience and more so one with experience working with high-risk industries like yours. If you can get one who has worked with businesses in the debt collection industry, the better. Such a provider will have a better understanding of the challenges facing your industry, and they may even advise on how to solve such issues.
  • Contract terms – Most merchant providers are reluctant to offer debt collection merchant account services due to the high risk associated with debt collection businesses. Unfortunately, some credit card processors who offer such services will add unnecessary fees, while others will have vague contract clauses for their high-risk clients. Ensure you understand the contract terms and all the costs involved with the credit card payments before you sign the contract. The merchant service provider should also be transparent about the requirements of working with your business and the circumstances under which they would terminate the contract.
  • Additional services – Look out for credit card processors who offer other merchant solutions that could be useful for your business. For instance, some payment processing providers who work with debt collectors may offer services such as chargeback prevention and no additional cost when processing certain transactions. Such a vendor can be a great help for your debt collector business.

Applying for A Debt Collection Merchant Account

Due to the high-risk nature of your business, most merchant account providers will ask you to jump through hoops if you want to work with them. They may require countless numbers of documents. They may require you to constantly have reserve cash in your account. They may even have maximum limits to any transactions that you complete. Some of these limitations can be pretty tough on a business, particularly in their early days.

The reason why most high-risk merchant account providers are so strict during their application process is because of the nature of the debt collection business. This is a business that is rife with fraud and chargebacks. If that happens, then it will be the merchant account provider ‘on the line’. The chargeback will be made against their account. If they cannot claim the money back from the seller, then the merchant account provider will have to pay these fees. They really do not want to do this.

If you are in the debt collection business, then you may find it very difficult to obtain a merchant account. Some merchant account providers may offer high fees. Other companies may just outright decline your application.

If you want to ensure that applying for debt collection merchant accounts goes as smoothly as possible, then you need to work with experts like us here at eMerchant Authority. 

How Your Merchant Account Application is Processed

When account underwriters are deciding the fees or terms for working with them, they will need to see the finances of your business. They need to see how strong your profits are. They need to see whether you have run into any issues previously, particularly when it comes to chargebacks. They need to know that if they are going to be offering you services that there is a strong chance that they will get their money back in the event of a chargeback. If they cannot guarantee this, then you will likely not be offered a high-risk merchant account with that company.

It isn’t just the finances of your business that they pay attention to either. In the United States, all debt collection companies will need to conform to the Fair Debt Collection Practices Act (FDCPA). If your company does not show any indication that you conform to this act, then your application will be outright rejected. You will be far too high of a risk to work with.

It is worth noting that being a high-risk company does not mean that your application for a merchant account will always be rejected. Merchant account providers know that there will always be a bit of a risk dealing with debt collection agencies. The job of the business, however, is to ensure that they have processes in place to keep this risk down to the absolute minimum.

Using The Wrong Merchant Account Can Get You Shut Down

Your business cannot opt for a standard merchant account here. This means that you cannot work with companies like PayPal or Square.

If you have not been clear about your business with the merchant account provider that you are working with, or your chargeback rate is high, then they will close down your account. The second your merchant account closes down is the second that you are no longer able to accept payments for your company. This means that you will be out of business. You may be surprised to know that this is one of the top reasons why smaller companies end up having to shutter their doors.

By working with eMerchant Authority, this is a problem that can be avoided. 

How We Can Help You

eMerchant Authority works exclusively with businesses, such as credit repair companies, that have been deemed to be high-risk clients.

eMerchant Authority operates an in-house underwriting team. This means that our job is to reduce the risk of any transactions for the merchant bank. By keeping the risk of chargebacks and fraud to the absolute minimum, your business can benefit.

Over the years, we have built up connections with banks all over the world. With our underwriting services in place, you can enjoy a much greater success chance of obtaining a merchant account with one of these banks. Since these banks know and trust the quality of our services, they will be able to trust you too.

Due to the unique processes that eMerchant Authority has in place, the risk of a chargeback is low. This means that we can offer rates that are a little bit cheaper than most other high-risk merchant account providers. This means that your business will be making a lot more profit for each transaction.

Of course, we will provide you with all of the tools that you need to process payments. We can help you to seamlessly integrate eMerchant Authority payment solutions into your business. We can also provide the tools that you need to generate financial reports for any money passing through your merchant account. This means that you can always stay on top of any transactions that you are making.

Open A Debt Collection Merchant Account 

While the process for applying for a merchant account with us is not instant, we have been doing this a long time. This means that the process is fast.

If you are looking for a merchant account for your debt collection company, or you have any questions about the services that we provide, then please reach out to us today. Once the application process starts, we will find the best merchant account for you. This means that your company can process debit and credit card transactions, and it will do this for an affordable price. 

Need A Merchant Account Quick?


eMerchant Authority prides itself in being a leader when it comes to the provision of merchant account solutions. We provide merchant account services for both low and high-risk businesses.
Our services are secure and reliable.

Besides, we understand just how financially difficult it is to become a business owner. This is why when you partner with us you also enjoy transparent pricing with no long-term contracts or hidden fees.
Whether you’re a startup or an established business, you can count on us to provide you with a perfect merchant service solution with the latest hardware and software tools such as Clover systems that are perfect for your retail payment needs.

And because customer satisfaction is what we aim for, we offer ongoing support to all our customers. Our 24/7 customer support team is always on call to answer your questions and attend to your needs.
Still interested?

Here are other additional benefits that you receive when you apply for an internet merchant account with eMerchant Authority.

Merchant Processing

Merchant Account Experts

20+ Proven Bank Relationships
Medium/High-Risk Accounts
Fast Merchant Account Approval
E-Commerce & Retail Options
B2B Vendors Supported

Multiple Payment Processing

Multiple Payment Solutions

Multiple E-Commerce Gateways
Chargeback Prevention
ACH, E-Check, Credit Cards
B2B Level 2/3 Data Discounts
3D Secure Frictionless Checkout
Mobile Payments
EMV Readers

Merchant Processing Technology

Intuitive Technology & Support

Gateway Recurring Billing
E-Commerce Cart Plugins
International Merchant Accounts
Dedicated Account Managers