high risk merchant accounts

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Collections Merchant Service

Collections Agency businesses, by definition, incorporate more risk to the credit card processor than conventional businesses. Some of the reasons for this risk are high sales volumes and the resultant susceptibility to fraud due to the “card not present” environment. Domestic High Risk Debt Recovery Merchants can earn enormous revenue but often encounter frustration accepting online payments due to non-availability of processors willing to accept certain industry risks. Collection Agency's typically have one or more of the following characteristics can be categorized as a high risk merchant business:

  • By definition, Collection Agency's business can potentially be in violation of Visa's agreement.
  • The merchant is blacklisted by merchant account providers/credit card processing companies for reasons of bankruptcy, fraudulent dealings or etc.
  • The merchant’s credit history is not consistent.
  • The merchant generates large volumes of sales resulting in a large number of transactions. Such a situation is likely to lead to instances of fraud, numerous charge-backs and could term the vendor as a high risk merchant account.
  • The merchant processes an insignificant volume of sales and fewer numbers of transactions. Such a business may not be able to afford the heavy expenses involved with the purchase of fraud screening software/tools and other miscellaneous features as well as making payments required towards third party processor fees.

We work with several Banks that are actively looking to work with Collection Agencies. We can have your consumer or commerical agency setup to accept both Visa/Mastercard and eChecks via phone or through a secure web portal.

TO GET YOUR HIGH RISK MERCHANT PROCESSING ACCOUNT STARTED CLICK HERE.

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High Risk Merchant Solutions is a registered ISO/MSP of Wells Fargo® Bank, N.A., Walnut Creek, CA., and of Advantage Merchant Services, Princeton NJ. American Express® require separate approval.
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