Credit Card Processing Solutions for Debt Collection Agencies
MBankcard provides customized merchant processing solutions that are specifically designed for collection agencies and businesses specializing in debt collections. Our tailored payment processing plans ensure that your business can seamlessly accept credit card payments, process transactions securely, and manage finances effectively. With MBankcard you'll experience simple online application process with fast approval so you can start processing payments without delay. We support all major credit cards including Visa, MasterCard, American Express, and Discover, offering your customers convenient payment options
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The Need for a Specialized Merchant Account
Debt collection businesses face unique challenges when it comes to payment processing. Banks and traditional payment processors often reject applications or may freeze accounts due to the industry's high-risk nature. A specialized merchant account from MBankcard soles this problem by offering:
- Secure Online Payment Solutions.
- Tools to Minimize and Manage Chargebacks.
- The Ability to Process Credit Card Payments Seamlessly.
By partnering with MBankcard, you gain access to a network of banks and payment processors that understand the needs of high-risk businesses, ensuring reliable and uninterrupted service.
Why Collection Agencies Are Considered High-Risk
Debt collection businesses are labeled high-risk due to chargeback risks of customers disputing payments and the industry perception of debt recovery services. Despite these challenges, MBankcard has helped numerous businesses in high-risk industries succeed and work with different types of collection agencies such as the following:
- First-Party Collection Agencies that handle the early stages of collections and operate with the original creditor.
- Third-Party Agencies which are independent firms and agencies to recover delinquent debts on behalf of the creditors.
- Debt Buyers that purchase overdue accounts from creditors and gain ownership of the debt
Other businesses include:
- Debt Collectors
- Recovery Agencies
- Third-Part Collections
- Collection Agencies
- Student Loan Recovery
- Utility Debt Collections
- Healthcare Debt and Hospital Collections
- Auto Loan or Lease Recovery
- Accounts Recovery Agency
- Arrears Management Firms
- Payday Loan Collections
- Loan Repayment Services
- Debt Buyers and Brokers
- Attorneys and Law Firms specializing in debt recovery
Choose MBankcard Today
MBankcard is a trusted provider for high-risk industries like collection agencies, debt buyers, and loan repayment services. Unlike mainstream processors like PayPal, Square, and Stripe, we specialize in working with businesses considered high-risk, ensuring secure and reliable payment processing solutions.
With years of expertise in the high-risk sector, we're committed to helping your business thrive. Our offerings include:
- Quick Approval Process
- Free Setup
- No Application or Start-up Fees
- 100% support throughout the application process with a real person
- Outstanding 24/7 Customer Service
- Competitive and Low Rates
MBankcard proudly supports a wide variety of debt collection businesses, offering tailored merchant processing solutions for each unique industry. We work with collection agencies that manage consumer and commercial debts, payday loan collections focused on short-term lending recovery, and loan repayment services handling delinquent loans of all types. Our expertise also extends to debt buyers and okers who purchase and manage portfolios of unpaid debts, as well as attorneys and law firms specializing in debt recovery litigation. Additionally, MBankcard supports niche areas such as healthcare debt purchases, utility bill collections, and auto loan recoveries, ensuring seamless payment processing for businesses of all sizes and specialties.
How to Get Started
Getting started with MBankcard is simple and hassle-free. All you need to apply is a voided check and a valid ID. Our knowledgeable team s ready to assist you ever step of the way. With our quick approval process and next-day funding, your business will be equipped to accept payments in no time.
Click Here to Start Your Application
Process Credit Card payments anywhere anytime. Low RATES, FREE Credit Card Machine.
Internet credit card processing accounts include and a browser based Virtual Terminal.
Begin processing credit cards online TODAY with your High Risk merchant account.
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Why Choose Us
- We are an industry leader in secure payment credit card processing gateway services with over 20 years of offering credit card processing services. We are an offer low cost retail merchant accounts, internet credit card processing and high risk merchant account services. We can offer our clients the latest technology available for you to easily manage all of your payment processing needs. Best of all, we will actually answer the phone when you call!
- By establishing business partnerships with the most trusted names in the industry, MBankcard can pass along our savings to you!
- You deserve a leading payment service provider with experience, and a solution that is right for you. Count on MBankcard to deliver! 100% USA Based Customer Support!
What Client’s Say
I thought getting a high risk merchant account would be difficult. We did the application over the phone in the morning. We were accepting credit cards by noon the next day.