merchant solutions group debt collection

They round up everything, even when they shouldnt according to elementary mathematics! To the companys credit, the website for TMS does not appear to engage in any deceptive marketing tactics. : 182 3125, Competition and Consumer Protection Guidance Documents, HSR threshold adjustments and reportability for 2023, A Century of Technological Evolution at the Federal Trade Commission, National Consumer Protection Week 2023 Begins Sunday, March 5, FTC at the 65th Annual Heard Museum Guild Indian Fair & Market - NCPW 2023. They may require countless numbers of documents. From The Editor Unfortunately, some credit card processors who offer such services will add unnecessary fees, while others will have vague contract clauses for their high-risk clients. Our services are secure and reliable. Product & company names, logos, and trademarks referred to on this site belong to their respective owners. Moreover, EMB is rate A by Card Payment Options. These customer chargebacks can make acquiring banks wary of approving merchant account applications from debt collectors. There is no monthly fee but there is a monthly minimum fee meaning if you dont process the requirement you are charged that fee. They need to know that if they are going to be offering you services that there is a strong chance that they will get their money back in the event of a chargeback. eMerchantBroker can . I left MerchantSolutions a number of months ago, even though it cost me remaining monthly fees until my contract expires. JUST SAY NO. John in Customer Service was wonderful today with assisting me with the set up for my new Walker Bluetooth. These people called me for weeks and sent me all kinds of sales materials when my business started. With a unique regulatory background and experience in high-risk industries, Flex Payment Solutions offers credit card processing that integrates simply with your system, full transparency on fees and 100% compliance. If you can get one who has worked with businesses in the debt collection industry, the better. However, pricing is not disclosed on either of those services. Youll need a robust suite of hardware and services to accept payments online and over the phone, if so. Federal government websites often end in .gov or .mil. Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. MERCHANT SOLUTIONS GROUP OPENS DOORS Business owners need capital to grow and manage their companies. They are very rude and they will not correct the problem with me even though they said they would. Screw this place I wish their was a way we could put them out of business. By working with eMerchant Authority, this is a problem that can be avoided. Their disclosure pricing on cancellation of service was not mentioned to me when I was docusigning the paperwork via Internet. He has a BA in Creative Writing and a Minor in German from Goucher College. The drawbacks that render PayKings a less-than-perfect merchant account provider are similar to the drawbacks that come with eMerchantBroker. Whether youre building your agency from the ground up or already have a business that needs to switch to a better merchant account provider, your agencys success depends on multi-channel payment support, systems to combat fraudulent chargebacks, and transparent pricing plans and contractual requirements. When people stop paying, unpaid debts are sent to collection agencies These agencies go after debtors to recover the money for banks and creditors. Avoid this outfit as they will make your life miserable. Numerous times I informed her that we already had an account with a different company, and we were not ready to transition but would be happy to look at the numbers. the rep I spoke to became Irrate and told me he didnt appreciate me accusing him of charging bogus fees and he told me he was going to hang up on me. If you are in the debt collection business, then you may find it very difficult to obtain a merchant account. eMerchant Authority specializes in merchant accounts for high-risk businesses; this includes debt collection agencies. Because of their undisclosed fees and charges I ended up paying more than my previous company. I wish I would have read some reviews before I sign up with these con artists. The Merchant Solutions is definitely THE worst credit card company EVER!!!! You will not have enough time to do it, the machine terminal breaks all the time. 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. Either the sales agent or someone at Merchant Solutions copied my contract changed the account numbers and other information to open a second account that involved a terminal. Common themes include undisclosed fees, difficulty reaching a representative, problems with leased equipment, and termination or restocking fees in excess of $900. Seriously they will destroy your business. Excessive chargebacks are relatively common to the collections industry, so merchant account providers that service high-risk businesses like collection agencies should offer features such as payment gateways with fraud detection tools that minimize the long-term damage done by fraudulent chargebacks. Anybody have any suggestions for getting out of this company? Suggest you consider that Paymentech and many others do not charge this. The debt collection industry is a high-risk one, which means that business owners who want to start a collection agency may face a few hurdles when looking for a merchant account thats right for them. He was patient and knowledgeable and I am more than pleased with the assistance I receive from the Merchant Solutions. 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. To get a reliable and low-cost collection agency merchant account, you just need to turn to emerchantbroker.com. See Who The Worst Processors Are. Verify before you sign with this company. I had joined Merchant Solutions because they told me there is no contract and no charge for the machine. Respectable processors like EMB guarantee a fast, secure application process. Early penalty for cancellation. Forgotten Password? I tried to cancel but they said when I signed up it would automatically renew for two years and I could not cancel for another year. Save yourself stress and aggravation and sign up with a different processor. Therefore, if you plan on accepting ACH payments online, youll likely need a payment gateway. After I cancelled my account with them, they debited my account $50.00 to refurbish the terminal they provided free of charge. Even though some providers may appear to be a good fit for you at first, the best payment processors can satisfy your current business needs and grow with your future growth plans. I was very skeptical and was sure that the contract did not disclose a 3yr aggreement or termination fee. At this point, I am looking for a new processor . They dont deserve a BBB rating they suck!!!! Debt Collection Agency Merchant Services, Collection Agency Credit Card Processing Collection Agency Merchant Account Solutions At Premier One Payments, we are the rare merchant account services provider that is ready and willing to work with collection agencies. How To Make The Right Choice, Buy Now Buttons: The Key To Selling On Your Blog Or Website, automated clearing house (ACH)/electronic fund transfer (EFT) payments, types of professional liability insurance, complete list of High-Risk Merchant Account Reviews, The 6 Best E-Cigarette & Vape Merchant Accounts, The Best Options For Fantasy Sports Merchant Accounts (& How To Get Your Account Approved), The Best Merchant Accounts For Travel Agencies, Booking Firms, Tour Operators & Other Travel Businesses, FreshBooks Payments 101: The Complete Guide To Using FreshBooks Credit Card Processing Service, Coronavirus (COVID-19) Guides & Resources, Gift Card Systems For Small Business Guide: Best Ways To Sell Small Business Gift Cards In 2023, 8 Cheapest Credit Card Processing Companies & Low-Cost Merchant Services, Best Emergency Business Loan Options For Your Small Business, What Is Shopify & How To Use Shopify In 2023. They Are Not truthful about their service. 844-868-8436, 877-664-9642, 877-599-2008, 407-544-3632, 814-351-0205, 888-667-0533, 844-378-7772, 386-478-4129, 850-391-2427. After saying, I DID NOT SIGN FOR, I DO NOT WANT, AND FURTHERMORE NEVER RECIEVED A TERMINAL FOR A TERMINAL ACCOUT I DID NOT OPEN, BUT I AM AND HAVE BEEN GETTING CHARGED FOR THE PAST 10 MONTHS.I am no closer to solving this problem. They terminated my account for non use since I was using another company and had not transferred over yet. From The Editor Youll get your merchant account for your collection agency in as little as 24 48 hours. Copyright 2023 eMerchantBroker, LLC. The following vendors dont currently make the cut for our list of best merchant account providers due to drawbacks like fees and rates, contractual obligations, and relative lack of products and services provided. The Merchant Solutions offers a variety of e-commerce services, Audit Your Current Statement To Find Its Hidden Fees. Monthly Processing RangeUnder $1,000$1,000 - $5,000$5,000 - $25,000$25,000 - $50,000$50,000 - $100,000Over $100,000. We can also provide the tools that you need to generate financial reports for any money passing through your merchant account. PaymentClouds repertoire of POS solutions, card-present and card-not-present processing options, and focus on eCommerce makes it a great choice for both new and slightly more established debt collectors. The competition is real with so many POS servicing company. 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. With our underwriting services in place, you can enjoy a much greater success chance of obtaining a merchant account with one of these banks. They may require you to constantly have reserve cash in your account. They bill me $100.00 more for the first month & when I complained they told me they going to have a rate review and correct it, the second months they did the same, one week in the third months I stop using them for processing and then they threatening me with a $495.00 early termination fee that I cross in the application then I find out that Daniel A. forged my initial and change the page. Opens accounts with terms not agreed to. Merchants can get more competitive contract pricing by instead going with a cheap merchant account provider. PCI Non-Cpmpliance. If you think the bill is not yours, you could call the Attorney General in Tennessee at 615-741-3491. eMerchantBroker lacks options for agencies to integrate payment platforms with processing hardware and payment gateways, which limits the speed at which a debt collector can collect the past-due payments its tracking down. Debt collectors that typically process credit card payments rather than alternative transactions such as ACH payments should nevertheless choose a payment processor that supports options for electric check processing and fraud detection. Working with a debt settlement company may lead to a creditor filing a debt collection lawsuit against you.

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