Lots of hidden fees that other companies dont charge! The following is a sample list of complaints filed against United Merchant . Also even though I had cancelled in June, in July they also charged PCI compliance of $99.00 when I did not even process with them. The sales rep never returned my calls and is no longer with thw company. The company has a higher-than-expected number of complaints for its apparently small size, and the contract terms that we have seen reported for this company arent especially competitive, especially when compared to the best overall credit card processors. It only makes sense then that the best collection agency merchant account providers offer processing options for multiple payment types and a reliable system to fight chargebacks and fraud. We can help you to seamlessly integrate eMerchant Authority payment solutions into your business. As a small business owner I was looking for a way to expand my business by being able to accept credit cards, so I may be able to open my door to new clientele. Debt Collection Agency Merchant Account - PayKings If your business has been turned away and you need to process credit card payments, you can turn to a reputable merchant account provider like emerchantbroker.com. Today they transferred $70 out of the bank account which now has been shut down over theyre crazy charges. Has representatives that open fradulent accounts. 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. Debt Collection Merchant Services - Merchant Card Advisors not explained. It is just one of the many ways that MS has cost me money unnecessarily, including missed charges, delayed refunds, poor customer service and unnecessary payments. We were charged a $350 restocking fee after being told there would be NO FEES. Credit card processing for debt collection agencies Early penalty for cancellation. Thats why weve broken down the basic features of the best merchant accounts for collection agencies and debt collectors. You may be charged fees for using this account. Getting paid to re-write this page? Merchant Mavericks ratings are editorial in nature, and are not aggregated from user reviews. 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. Soar offers an automated application process online that takes minutes to complete and provides merchants with a quote after the fact. Payment Processing . Copyright 2023 Merchant Maverick. See Which Processors Offer No Monthly Fees And No Contracts. Their payment processing services also include address verification services, cardholder verification value, POS systems, card terminals, EBT, Fleet Card acceptance, gift cards, and e-commerce solutions. They said they would beat my current rate but never could. This company hires predatory sales people, arent up front about fees and raped my bank account. In addition to those 2 complaints, the company has received 58 informal reviews. I am still trying to get that back. Check out their google and Yelp and RipOffReport.com reviews for the testimony of hundreds of other customers who have been ripped off by The Merchant Solutions! Monthly Processing Range Still interested? By keeping the risk of chargebacks and fraud to the absolute minimum, your business can benefit. Austin Smith was very knowledgeable and helpful! DO NOT EVEN talk to their salespeople. No doubt necessary to achieve any success, as the sales person was barely literate. Just yesterday, The Merchant Solutions sent me a new bill for $114 just for February account administration fees alone, even though I returned their machine in mid January and directed them to close my account immediately in January. They may require you to constantly have reserve cash in your account. Merchant Solutions Group - Merchant Cash Advance | Working Capital Fax: (818) 707-7070. If you are thinking of signing up with them just read the BBB website with all the complaints against them and read how they arrogantly respond and refuse to ever admit they are wrong. Stay away from Themechantsolution!!! How to look up licensees and those debt collectors allowed to do Such a provider will have a better understanding of the challenges facing your industry, and they may even advise on how to solve such issues. This means that we can offer rates that are a little bit cheaper than most other high-risk merchant account providers. Fraud protection should be high on the list of priorities for a debt collector of any size and type, and Durango is well-placed to handle instances of fraud that are common to the collections industry. Merchant account providers know that there will always be a bit of a risk dealing with debt collection agencies. Debt collectors that are trained properly cannot act in a false or misleading manner in an effort to get you to pay. Today was the last straw which we really been shut down since April over covid19. After i cancle my account they charged me 200$ come out of no where. On November 30, 2021, the Debt Collection Rule became effective. PaymentCloud provides users with advice on choosing a chargeback management service and fraud mitigation service. The Merchant Solutions 2023: Reviews & Complaints - CardPaymentOptions.com CFG Merchant Solutions, LLC. That means we spend every day sharpening our tools and providing the know-how to efficiently resolve delinquencies and liquidate accounts. PaymentCloud specializes in difficult-to-place merchant accounts for credit card processing. i signed up a few weeks ago and havent been able to get into contact with them since. Horrible company. high risk merchant account instant approval, high risk merchant account payment gateway, offshore high risk merchant account providers, Merchant Business Funding: Making It Easier for Merchants to Get What They Need When They Need it, Instant Credit Card Processing: What You Need to Know, International High-Risk Merchant Accounts For Global Growth, Electronic Business Merchants Face Unique Challenges, We Can Help, Payment Gateways Help Merchants Keep Sites Safe and Secure, A valid, government-issued ID, such as a state-issued drivers license, A bank letter or a pre-printed voided check, 3 months of the most recent bank statements, 3 months of the most recent processing statements, if applicable, An SSN (Social Security Number) or EIN (Employer Identification Number). My contract ends in January 2015 and I am looking forward to it. Nasty contract . DO NOT USE!!! These processors offer Quickbooks integration and have low rates. Disclaimer: Merchant Maverick aims to provide accurate and up-to-date information to assist you in your research. Business owners starting a collection agency need to thoroughly account for their startup costs and potential interruptions to future revenue due to customer chargebacks and instances of fraud. 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. Learn more about the new debt collection rule. TMS offers a dedicated support phone line and an email form on its website. This means that you will be out of business. Get Started With Durango Merchant Services. Its likely that Instabill offers terminals through a lease, which is nearly always more expensive than purchasing a terminal of your own in the long run. Merchant Cash Advance in Collections: What to Do Easier borrower qualifications that help you build business credit. I hope there will be a class action lawsuit and I plan to be a part of it. Learn more about dealing with debt collection at ftc.gov/debt. Neither of these 2 complaints was resolved by the company to the satisfaction of the merchant. Seriously they will destroy your business. I was told thay my rates would be as low as 1.5%. The majority of Americans use loans, credit cards, lines of credit to pay for their lifestyles. Tayne Law Group is a New York-based debt resolution law firm that helps small business owners resolve debts of all sizes. They will tell you that there are no hidden fees and no extra charges. Do not get trap by this company. MerchantBroker is a registered ISO/MSP of BMO Harris Bank, NA, Schaumburg, Illinois. Amazing! Square is a top choice for POS for any type of business. Sequoia is located in the Agoura Gateway at: Agoura Hills, CA 91301. A lot of other company with no contract and fees to work with out there. After he review my merchant statement he promised me that Im going to save $100.00 a month, I signed & cross the $495.00 early termination fee & initial the pages. Since I have tried to cancel with them and agreed to pay them whatever fee I can to get rid of them (which was not in my contract I signed), they are now telling me their equipment I returned is not theirs so that I cant cancel or Ill have to pay more than the equipment cost for losing it and again because I already paid for it! As a debt collection agency is a high risk merchant due to the increased chances of fraud or chargebacks, Merchant Processing Advisors can find merchant . If youre interested in securing a virtual terminal that you can integrate with your businesss payment processing solutions, we recommend that you choose an online payment processor with systems to combat card-related consumer chargebacks that minimize interruptions to your revenue stream. 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. Home Blog High-Risk Merchant Accounts The Best Merchant Accounts For Collection Agencies & Debt Collectors, Save money on credit card processing with one of our top 5 picks for 2022. The Best Merchant Accounts For Collection Agencies & Debt Collectors. Fast turnaround: as little as 1-2 days. We take great pride in providing one of the only objective an unbiased merchant account review websites on the internet. How to tell the difference between a legitimate debt collector and eMerchant Authority can help with this. What out business owners out there about this Merchant Solutions. This post will help: Cancelling a Merchant Account Without Paying a Fee. They will give you false information over the phone and then tell you their salesperson had no authorization to give it. 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.

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