What Is Debt Collection Business For High Risk Merchant AccountPosted by Merchant Stronghold on December 8th, 2017 In case you run or are starting a debt collection business you need a reliable credit card processor at low cost rates. unfortunately, that’s turning into increasingly more difficult to do.
WHY IS DEBT COLLECTION CONSIDERED HIGH-RISK?
this is due to the fact the debt collection enterprise is appeared as extraordinarily high Risk, due to the enterprise’s traditionally high chargeback rate. The purpose for this is fold: (1) the inherent nature of the business is that humans are paying cash they’d as an alternative now not be paying. some of the ones people will always initiate a chargeback, and (2) a few debt collection corporations who didn’t recognize the way to manage chargebacks, or who weren’t operating with a informed high-risk processor and payment gateway that would assist them manage and avoid chargebacks, have given the complete industry a bad reputation. no matter all this, however, thankfully, there are nevertheless a few true alternatives.
OFFSHORE DEBT COLLECTION MERCHANT ACCOUNT SERVICE
Merchant Stronghold works with a number of processors and gateway providers with sponsor financial institution relationships that offer both domestic and offshore debt collection merchant accounts. we are able to offer credit card processing for debt collection companies under the following two options:
REQUIREMENTS FOR US DEBT COLLECTION MERCHANT ACCOUNT:
DEBT COLLECTION BUSINESS BENEFITS:
Through our processing partners, we can also offer debt collection businesses the following additional benefits:
About the Author: This article was written by Merchant Stronghold, a best High-risk Merchant account & Payment Gateway Provider, It is specialized for credit card processing & offshore merchant account in a globe, Located in Clearwater USA. Our all-in-one merchant accounts include everything that a high risk or offshore merchant’s needs to process successfully. Processing Includes debit and credit card processing, check processing (ACH), payment gateways, and chargeback management services. Like it? Share it! More by this author |
