Limitless Payment Solutions will get your collection agency approved. Our years of experience in acquiring high-risk merchant accounts in the collections industry are why we receive so many phone calls and applications from referrals.
There are over 4,100 collection agencies in the United States, employing over 450,000 people. This industry is expected to grow as much as 26% over the next 3 years according to the Mid Atlantic Collectors Association. Also, the industry rate on collection is now 20%, which is down 10% from a decade ago.
Collection agencies can be difficult for many processors to approve. It is especially difficult for start up accounts to be approved if they do not have an adequate credit score and good finances. Your local banking institution will not want to approve your account due to chargeback risks associated with collection agencies.
Standard processors will also have issues with charge offs and old, delinquent debt. Consumers who are in debt are more likely to chargeback in order to meet other financial needs. We can provide all of our merchants chargeback protection programs to minimize this risk. Limitless has trusted high-risk processors that are experts in the Collection industry to provide the leading collection agency merchant account.
In these uncertain times, Limitless is here to help with all your high-risk credit card processing needs. We are 100% committed to getting our customers approved quickly and easily. So give us a call us ator use the easy apply now form on this page to get started today!