AMSLV Collection Agency Merchants
Collection agencies are classified as high risk businesses by acquiring banks.Â Unless the company has a valid business license and all the necessary permissions, a bank is not very comfortable in entertaining applications from them. Collection agencies are required to abide by the state and federal regulations both.
To know more about the collection agency merchant account â€“ call AMSLV experts at 855-267-8472
AMSLV has been working with merchants with businesses categorized as high risk for nearly decades. After an initial confirmation that the business is working within all necessary laws, AMSLV will match your application with one of their banking partners and get your collection agency merchant account approved.
FREE Virtual Terminal from AMLSV
At AMSLV, we understand the nitty-gritties of a collection agency and their reliance on debtors to pay up on time. Some payments will be collected over the phone or through credit card payments. We offer you a FREE Virtual Terminal that can be integrated in to the payment gateway. This terminal will allow the merchant to accept credit and debit card payments, over the phone and through mail orders too.
Our payment gateway also gives the flexibility to the owner to create multiple terminals to optimize credit card and call center processing abilities.
Competitive Fee Structure from AMLSV
AMSLV offers the most competitive and unbeatable fee rates in the market. The acquiring bank we match you with will design a fee structure that is based on your credit card processing history, location of your business and volume of sales.
Requirements for a Debt Collection Merchant Account
When you apply for a merchant account, fill in the application completely and attach the following documents with it-
- Completed Merchant Account Application
- UpdatedÂ Personal RĂ©sumĂ© or CV
- Verified Business & Marketing Plan
- A valid photo Id or proof
- Credit Card Processing History
- Reference letters from the banks and companies
- Registration Certificate
- Proof of domain
- Valid BusinessÂ License
Once your application is complete with all the above details, we will be able to match you with one of our banking partners.
Contact us today and get approved in less than a week.