BBB received a pattern of complaints concerning collections practices. As expected, a large number of The Merchant Solutions reviews on this and other consumer protection websites mention undisclosed fees, incomplete representation of rates, and a disconnect between what agents promise and what they ultimately deliver. We have focused on merchant cash advances over two decades. After youve signed up, you than learn there are more charges and feel which they will auto-deduct from your merchant account without notification. The collections industry is a particularly high-risk one, and some high-risk merchant account providers still dont suit the needs of new and growing debt collection businesses. The chargeback will be made against their account. The Merchant Solutions processes most major payment types. In Summary: 4 Best Merchant Accounts For Collection Agencies. This means that you will be out of business. RUN! Credit cards are, relative to ACH/EFT payments, more prone to chargebacks. Credit cards are prone to chargebacks and tend to be more expensive to process on a per-transaction basis than automated clearing house (ACH)/electronic fund transfer (EFT) payments. Do not believe anything they say about their service. Whats more, the debt collection industry is regulated by federal authorities including the FDCPA and CFPB, and is subject to legal requirements that vary on a state-by-state basis. If you are thinking of signing up with them just read the BBB website with all the complaints against them and read how they arrogantly respond and refuse to ever admit they are wrong. I set up a payment arrangement . Also when you call they have no customer service and are rude on the phone. Since these banks know and trust the quality of our services, they will be able to trust you too. I would recommend not to do business with this company. Were never worried about our overdue receivables. said no business ever. Forgotten Password? Do not get trap by this company. Whatever type of debt collection your business operates in, we are confident that we can find a high-risk merchant account for you. They round up everything, even when they shouldnt according to elementary mathematics! This is why we want to help you get the right debt collection merchant account from the very start. Opens accounts with terms not agreed to. All they do is to get you sign up the contract, but be sure to read the fine print on auto renew, they will auto renew you into another contract even their machine never works.
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