Debt Collection Agencies & Lawyers in New York If you received a court Summons and Complaint, or have been threatened with lawsuit for a consumer credit card account in the states of New York and New Jersey by one of the collection agencies below, or by one of their debt collection lawyers, contact us to learn your rights. See this page to learn how we support our operations. Their charges are exhorbitant. These gateways may also support online portals through which users must enter before they can submit their payments online. These processors offer Quickbooks integration and have low rates. Disgusted. We provide merchant account services for both low and high-risk businesses. On the downside, Durango doesnt disclose its pricing plans to the public on its website, which can be frustrating. EMB offers customized payment solutions to collection agency merchants that offer these services: To get your merchant account, you just need to fill out EMBs quick online application. Start by leaving a comment at the end of this review, Compare Top Rated Processors: Compare Rates, Reveal your hidden fees: Audit Your Statement, Working in merchant services: Our Free Guide. We also encourage merchants to check out our list of the providers of the best merchant accounts. Only. This company, Merchant Solutions, is a fraud. 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. That said, rather than try to sign you up for an overpriced equipment lease, Durango offers terminals, PIN pads, and mobile card swipers for direct sale on its website, and its payments gateway is a proprietary product. JUST SAY NO. Zero star rating, they are big time scam Our proven investigation tools help us create fast and effective debt recovery services. The companys chargeback and fraud prevention assistance is a huge help to high-risk collection agencies and can go a long way toward making your customers more satisfied with your customer support systems and less likely to initiate chargebacks. Find legal resources and guidance to understand your business responsibilities and comply with the law. DO NOT EVEN talk to their salespeople. Payment gateways offer an additional level of protection compared to virtual terminals by encrypting payment information before transmitting it to an acquiring bank. MERCHANT SOLUTIONS GROUP OPENS DOORS Business owners need capital to grow and manage their companies. Every review above has happened to me too exactly like the above. Find the resources you need to understand how consumer protection law impacts your business. I should have closed my bank account the minute we closed our business so I could have avoided all of this. There are a bit more than 9.000 businesses in the industry that employ over 150.000 people. Additional rates and fees, including a technical support fee may apply. If you can get one who has worked with businesses in the debt collection industry, the better. All feedback, positive or negative, helps us to improve the way we help small businesses. The Merchant Solutions is definitely THE worst credit card company EVER!!!! They may even have maximum limits to any transactions that you complete. DO NOT USE!!! There are a bit more than 9.000 businesses in the industry that employ over 150.000 people. Just ridiculous! Please refer to our Advertising Disclosure to learn more about how we earn compensation from affiliate partnerships and how we maintain our independent editorial integrity. The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation. The Best Merchant Accounts For Collection Agencies & Debt Collectors. This is why we want to help you get the right debt collection merchant account from the very start. Best Merchant Accounts for Debt Collection Agencies For new business owners who place a particular focus on hands-on customer service, PaymentCloud offers dedicated account representatives available to you throughout the lifetime of your account. Soar Payments works exclusively with U.S.-based agencies and therefore doesnt support payment processing to offshore accounts that international merchants may need to handle. Debt Collections Merchant Account Solutions - eMerchant Authority This company should not be allowed to do business. I asked him his name and he refused to give it to me, the only reason I know it was Kurt is because I called back and another rep told me. Instabills main draw is its services to high-risk international merchants that process offshore payments, although its support for brick-and-mortar agencies that need on-site payment processing leaves something to be desired. If you hear from them just Run!!! The sales rep promised that I had nothing to lose and that I can try it for 30 days and can cancel without any penalties. When banks determine a businesss risk status, they consider that businesss complete history of chargebacks. But unlike other financial transactions, you don't have time to spend phoning and e-mailing. Try PaymentCloud. I was charged a cancellation fee for an account they had no authorization to open and then when I called to cancel they said they needed a signature. Let us know how well the content on this page solved your problem today. This lack of transparency in pricing is typical of the industry in general. Collection agencies need a stable merchant account to let their customers pay off past-due debts with a credit card or e-check. Before sharing sensitive information, make sure youre on a federal government site. I cant seem to get anywhere with phone calls to the company and have been shuffled around so much that I think everyone that answers the phone is a supervisorbecause that is always what the last person tells me they are transferring me to. Dont take their Free credit card machine or any of their so-called free equipment as they will charge you a $350 Restocking Fee when you try to close your account after you find out they are overcharging and ripping you off on credit card processing fees. Do not give them your business. Noah is a writer and content creator currently living in Fairfax, VA. MerchantBroker is a registered ISO/MSP of BMO Harris Bank, NA, Schaumburg, Illinois. I didnt fill out anything to open OR close the account and today was hit with $495 fee. Although most of these terminals can only process card payments, they also typically include smart features like recurring billing and options to automatically collect funds. PCI Non-Cpmpliance. The companys rating is also impacted by its higher-than-average complaint total with the BBB. I would not recommend TMS to my worst enemies. These are charged beyond any percent fees. I have filed a complaint with the bbb and am probably going to get a attorney to get my money back. A full point-of-sale (POS) system in one sleek package. What are debt settlement/debt relief services and should I use them? Check out our complete list of High-Risk Merchant Account Reviews for more traits that other top-performing high-risk specialists have in common. In addition to those 2 complaints, the company has received 58 informal reviews. The Merchant Solutions fees and terms are average for the industry, so we have given TMS a C in this section. DO NOT use this company. Disclaimer: Merchant Maverick aims to provide accurate and up-to-date information to assist you in your research. the name of the creditor you owe it to. The types of collections that different agents and agencies deal with, though, can vary widely. They really do not want to do this. At Monetaria, we understand that your MCA agreements are time-sensitive. Comp Admin Fee $9.95 The market research firm IBIS World reports that the debt collection industry represented a $13 billion market in the US as of May 2013. I signed up with another company, Triumph Merchant Solutions NOT this company yet this company has illegally debited my account without authorization. Ensure you understand the contract terms and all the costs involved with the credit card payments before you sign the contract. The second your merchant account closes down is the second that you are no longer able to accept payments for your company. This is very dishonest company with deceptive business practices. They use the guise that they are affiliated with Wells Fargo, but a call to Wells revealed that they never heard of TMS because Wells owns their own merchant company. Debt Collection Agency Merchant Account - PayKings Additionally, merchants who sign up with TMS report finding themselves also committed to long-term equipment leases with early termination fees ranging from $350-$400. Merchant Cash Advance Debt Collection Services | Monetaria All debt collectors track down past-due debts that businesses and consumers owe. Also, youll be required to submit the following: Your collection agency must be legal when your applications are being reviewed by processors and underwriters. Merchant Solutions retail credit card processing solutions allow merchants to offer flexible methods of payments at the point-of-sale, including major credit cards, debit cards and checks. Trouble Getting Approved? how much money you owe. Also that free terminal will cost you $350 when you try to cancel the account. Anybody have any suggestions for getting out of this company? Maintaining these ratios is challenging for merchants in many industries. Learn more about the new debt collection rule. Businesses need cash: Restaurants, Bars & Hotels Automotive Salons & Day Spas Doctors, Dentists & Vets Franchises & more The sales rep never returned my calls and is no longer with thw company. Ive called them over 15 times, and each time they blow me off, or offer me a partial refund if I delete the negative (yet accurate) Yelp and Rip Off Report reviews I left them. They said they are the cheapest one but they are not. 20+ Proven Bank Relationships Medium/High-Risk Accounts Fast Merchant Account Approval E-Commerce & Retail Options B2B Vendors Supported, Multiple E-Commerce GatewaysChargeback PreventionACH, E-Check, Credit CardsB2B Level 2/3 Data Discounts3D Secure Frictionless CheckoutMobile PaymentsEMV Readers, Gateway Recurring BillingVaultE-Commerce Cart PluginsPOS/TerminalsInternational Merchant AccountsDedicated Account Managers. The overall household debt for an average family increased by 11% during the last 10 years. $35.00 Debt collection abuses cause harms that financially vulnerable consumers can ill afford. Our proven Merchant Cash Advance (MCA) default recovery solutions are proven to turn your delinquent accounts back into cash. Tayne Law Group is a New York-based debt resolution law firm that helps small business owners resolve debts of all sizes. Upon cancellation after over 4 years I returned the machine in good order. When you should have paid 1.62. The second your merchant account closes down is the second that you are no longer able to accept payments for your company. Address: Recovery Solutions Group. Debt Collection Merchant Services - Merchant Card Advisors Keep up the excellent work Austin and thank for helping us through out the entire setup process. In the United States, all debt collection companies will need to conform to the Fair Debt Collection Practices Act (FDCPA). You will not have enough time to do it, the machine terminal breaks all the time. However, you need to hire a merchant debt collector account provider who offers merchant collection solutions that meet your companys needs. You really leave your business account open to these guys with free access to do as they like. As is the case with our other top choices for debt collection merchant account providers, Soar supports systems for chargeback management and fraud prevention that can make or break the long-term success of any type of collection agency. There are more than 50 negative The Merchant Solutions reviews on this and other consumer protection websites, and many of these The Merchant Solutions complaints have been posted within a year of this update. They will tell you that there are no hidden fees and no extra charges. We work to advance government policies that protect consumers and promote competition. See Which Processors Offer No Monthly Fees And No Contracts. Click here for more product information. We may earn revenue if you obtain services from a provider that we recommend. Because of their undisclosed fees and charges I ended up paying more than my previous company. This post will help: How to Get Out of a Merchant Account Contract. The Merchant Solutions also appears to resell the products of First Data (Fiserv). Although users may request an interchange-plus pricing plan, PayKings non-transparent pricing and early termination fees can actually work against up-and-coming collection agencies that may not have a consistent stream of revenue.

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