card payment options logo
  • Compare Merchant Services
    • E-Commerce Credit Card Processing
    • Restaurant Point-of-Sale
    • Healthcare Merchant Accounts
    • High-Risk Merchant Services
    • More…
  • Reveal Your Hidden Fees
  • Merchant Account Reviews
Menu
  • Compare Merchant Services
    • E-Commerce Credit Card Processing
    • Restaurant Point-of-Sale
    • Healthcare Merchant Accounts
    • High-Risk Merchant Services
    • More…
  • Reveal Your Hidden Fees
  • Merchant Account Reviews
card payment options logo
  • Compare Merchant Services
    • E-Commerce Credit Card Processing
    • Restaurant Point-of-Sale
    • Healthcare Merchant Accounts
    • High-Risk Merchant Services
    • More…
  • Reveal Your Hidden Fees
  • Merchant Account Reviews
Menu
  • Compare Merchant Services
    • E-Commerce Credit Card Processing
    • Restaurant Point-of-Sale
    • Healthcare Merchant Accounts
    • High-Risk Merchant Services
    • More…
  • Reveal Your Hidden Fees
  • Merchant Account Reviews
Search
Search

Reveal Your Hidden Fees Now

Best Merchant Accounts for Collection Agencies

  • Phillip Parker
  • Credit Card Processing
  • February 2, 2022
FTC & Advertising Disclosure

We take great pride in providing one of the only objective an unbiased merchant account review websites on the internet. To support this enormous responsibility we earn some of our revenue through affiliate fees and advertising. These revenues in no way influence our ratings or reviews. Learn more about our monetization policies here. 

Our Top Pick of 2022

helcim logo

Helcim Payments

See Our Helcim Merchant Services Review
  • No Monthly or Annual Fees
  • Super Low Processing Rates
  • POS, Mobile, and Online Payments
View Pricing
Sales & Support:
(888) 506-7812
★ ★ ★ ★ ★

Collections Fall Into High-Risk Payment Processing

Collection agencies are some of the highest-risk business types within the credit card processing industry. Most major banks will hesitate to offer merchant accounts for debt collection agencies due to the unstable regulatory climate of the industry and the unreliable income streams for debt collectors. In the event that a bank does offer debt collection merchant accounts, it typically will require a very long processing history and an aggressive cash reserve. However, debt collection services are businesses just like any other, and a handful of merchant services providers are willing to serve even high-risk collections companies.

To help you find a credit card processor that can assist your business, we’ve put together the following list of the best merchant accounts for collection agencies. The companies on this list offer e-commerce solutions, offshore merchant accounts, marketing tools, and other useful services for operating your debt collection business. They are also known to provide low-commitment contracts with transparent pricing and quality customer service. To find the best provider for your specific debt collection company, be sure to research each processor’s products and features and compare pricing and terms.

Please note that the regulations surrounding the debt collection industry are subject to regular upheaval, and that these providers’ ability to serve debt collectors may fluctuate depending on legislative restrictions and specific merchant conditions.

Top Picks for Collection Agencies Merchant Services

PaymentCloud Company Logo

PaymentCloud

See Our Full PaymentCloud Review
  • Fast approval for numerous "high-risk" industries
  • Broad product and service offering
  • Highly praised customer support
View Pricing
Sales & Support:
(888) 506-7859
★ ★ ★ ★ ★

Based in Woodland Hills, California, PaymentCloud is a merchant account provider that specializes in serving high-risk business types. The company’s products and services include point-of-sale solutions, mobile phone swipers, an online payment gateway and virtual terminal, EMV-compatible terminals, and merchant cash advances. PaymentCloud is a good option for debt collectors with at least some established payment processing history.

PaymentCloud provides a dedicated account rep to all new merchants for the life of the account. The company has not received any negative complaints on consumer forums, and it customizes its pricing according to each merchant’s business type and processing history. The BBB does not maintain a profile for PaymentCloud at this time, but CPO gives the company an “A.”

For more information, visit the PaymentCloud website or call (888) 506-7859.

PaymentCloud Company Logo

Contact PaymentCloud

Website: paymentcloud.com
Phone: (888) 506-7859
View Pricing
eMerchant Broker Logo

eMerchant Broker

See Our Full eMerchant Broker Review
  • Maintains numerous banking partners
  • Can get approvals for international businesses
  • Top-rated in "high-risk" industry satisfaction
View Pricing
Sales & Support:
(877) 301-3442
★ ★ ★ ★ ★

eMerchantBroker.com is a Los Angeles, California-based company that offers high risk e-commerce processing solutions including debt collection merchant accounts. The company’s products include ACH processing, an online payment gateway, merchant cash advance, and a chargeback management system to help merchants dispute and resolve chargeback claims. eMerchantBroker can supply collection agencies with domestic merchant accounts as long as they are not third-party collections firms, maintain chargeback ratios under 1%, are not startups, and do not collect on overdue payday loans.

eMerchantBroker.com offers custom pricing for each merchant and maintains a low complaint rate relative to its size and merchant portfolio. Our review of eMerchantBroker gives the company an “A” rating overall and the BBB assigns the company a rating of “A+.”

For more information, see the eMerchantBroker website or call (877) 301-3442.

eMerchant Broker Logo

Contact eMerchant Broker

Website: emerchantbroker.com
Phone: (877) 301-3442
View Pricing

Additional Options

host merchant services logo

Host Merchant Services

See Our Host Merchant Services Review
  • Fast approval for most industries
  • No contract or cancellation fees
  • Highly rated customer support
View Pricing
Sales & Support:
(888) 727-4538
★ ★ ★ ★ ★

Host Merchant Services is a Newark, Delaware-based merchant account provider that may be a great fit for a collections business. The company’s products and services include point-of-sale solutions, online marketing tools, an online payment gateway and virtual terminal, mobile credit card processing, and merchant cash advance. Host Merchant Services specializes in e-commerce businesses and provides a free website and email address to interested new merchants. Host dedicates a portion of their website to advertising high-risk payment services to many businesses that fit that category, meaning they could be a great option for many collection companies.

Host Merchant Services has received only positive feedback on public forums, with most reviewers singling out the company’s customer service for praise. Host offers interchange-plus pricing with no early termination fees to all of its merchants, meaning that users will enjoy the most transparent pricing model and can cancel service without penalty. The BBB gives Host an “A+” rating, and CPO also gives the company an “A+.”

For more information, visit the Host Merchant Services website or call (888) 727-4538.

host merchant services logo

Contact Host Merchant Services

Website: hostmerchantservices.com
Phone: (888) 727-4538
View Pricing
phillip-parker-cpo-blue-mobile

Follow Phillip

Linkedin Twitter Instagram Facebook

About The Author

Phillip Parker is a Payments Industry Analyst and creator of this blog, CardPaymentOptions.com. Phillip is passionate about researching merchant service providers and payment industry trends. He is often quoted as an expert source in national publications such as INC Magazine, The Los Angeles Times, Entrepreneur, and many others.

“I started this blog because I was disgusted by the business practices of the merchant services industry. I wanted to empower business owners by providing insight on how to avoid shady merchant account providers and costly credit card processing mistakes.” 

Phillip’s Processor Comparisons

Picking a credit card processor can be a headache, but we’ve made it easy. Phillip recommends comparing the best merchant services providers we’ve researched.

Audit Your Merchant Account

When was the last time you had your rates audited by someone who wasn’t also trying to sell you credit card processing services? We support this website by helping business owners understand how to cut their processing costs, either with a new processor or their current one. Learn more.

QuickBooks Accounting Logo

How To Sync Payments With QuickBooks

The following merchant services providers offer either direct or indirect integration. Providers with direct integration offer solutions like payment gateways, plugins, or APIs that seamlessly transfer your transaction details and payment history from your merchant account to QuickBooks. Providers with indirect integration…

Read more >>>

analyzing data

Before You Switch,
Audit Your Costs

Before you switch processors, audit your current processing costs to ensure that you save the most you can possibly save in fees.

Learn How >>>

Copyright

Copyright © CardPaymentOptions.com, Inc. (Digital Fingerprint: 0d38c6720f0d78a701b74d58653af608). Getting paid to re-write this page? Click here to earn a reward.

Any unauthorized copying and reproduction of the content of this page, including all meta data and computer code, is strictly prohibited. While the information in the above article is believed to be accurate as of its publish date, the author and publisher make no representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the contents. The author and publisher shall in no event be held liable to any party for any direct, indirect, punitive, special, incidental or other consequential damages arising directly or indirectly from any use of this material, which is provided “as is,” and without warranties. Any and all use of trade names and/or marks are for identification purposes only and shall not be construed as a claim of affiliation, or otherwise, with CardPaymentOptions.com, Inc. ("CPO") in any form. The sole purpose of the material presented herein is to alert, educate, and inform readers. It is not intended as legal or financial advice. We may earn revenue if you obtain services from a provider that we recommend. See this page to learn how we support our operations.

  • Merchant Account Reviews
  • How We Assign Ratings
  • Request a Correction
  • Complaint Mediation Programs
  • Press Inquiries
  • Merchant Account Reviews
  • How We Assign Ratings
  • Request a Correction
  • Complaint Mediation Programs
  • Our Policies & TOUs
  • About
  • Contact
Menu
  • Our Policies & TOUs
  • About
  • Contact
Facebook Instagram Twitter Linkedin Reddit
© Copyright 2009 - 2022 CardPaymentOptions.com, Inc. All Rights Reserved.

This website uses cookies to ensure you get the best experience. No personal information is collected unless you fill out a form and submit it or call a number listed on one of our pages. We never share or sell your information without your consent. If you do not wish to proceed, please exit the website at this time.

Accept & CLose