Due diligence important when choosing a credit and collections payment processor, says PaymentSavvy.com

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After just launching their new service for debt collections agencies, PaymentSavvy.com said that a quality electronic check and credit card payment processing service can help to show companies what service are available to them.

PaymentSavvy.com, an online electronic and credit and merchant processing firm have just launched their new service for debt collections agencies. They said that many debt collections agencies remain unaware of their options when it comes to finding the right credit and collections payment processors and hope that they can provide a new quality tailor-made service. A spokesperson from the company said: “If you run a debt collection agency, you may find that you have need to accept payments by ACH, credit card and debit card yet many services are unable to provide these services.” She further added that: “The nature of debt collection makes it difficult for agencies to acquire merchant services of this type. There are many times that it is tough for debt collection agencies to actually receive payments without this in place, this only makes their job harder and more time-consuming, this is why we have just launched our new tailor-made service for them.”

While it is common for all types of merchants to have access to ACH, credit and debit card payment processing, for debt collection agencies it can be more problematic to attain. However, PaymentSavvy.com is now able to help them enjoy the benefit of using services from major credit card and banking services with a good reputation. According to the spokesperson from PaymentSavvy.com, too many collections agencies are still using inferior services. Their spokesperson said that: “Some ACH and credit card processing companies which are attempting to break into the collections market may falsely label your merchant services account as a retail account. This is not the proper category for collection agencies and if the processing bank discovers this false pretence, a merchant services account may be shut down and earn placement on the TMF list.”

By choosing PaymentSavvy.com as a payment provider, debt collection agencies will have an improved rate of collection, with the ability to accept more forms of payment. Their spokesperson said the main reason to choose their new services was that they would be: “Working with a company that is geared to help their collection agency reach its full potential”.

About PaymentSavvy.com

PaymentSavvy.com is a payment processor that uses the latest technology and fantastic rates. They help their customers get up and running within 48-72 hours and provide the best rates possible to ensure their clients do not switch. Their state-of-the-art technology allows clients to safely and securely enter payments with their latest software providing seamless integration for customers. PaymentSavvy.com takes pride in their high level of customer service that is provided both to prospects and existing customers. To date they have worked with over 18,000 clients in a wide range of industries and therefore have an excellent understand how most businesses work.

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Carol Orsi
Bazooka Search Ltd
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