It is very unfortunate that this is occurring and businesses are being sued due to the fees that are collected on the account receivables
Plano, TX (PRWEB) July 24, 2014
Payment Savvy LLC, one of the top merchant account providers in the credit, collections, accounts receivable and medical billing industries, is proud to announce that they are now offering free payment processing. As Chad Deatherage, VP of Sales noted, the new and innovative convenience fee payment processing model is designed to avoid any legal issues within the accounts receivable and consumer finance industry.
As most business owners are well-aware, there has been a lot of recent media coverage regarding convenience fees, and if they might be against CFPB, FDCPA and state laws.
“It is very unfortunate that this is occurring and businesses are being sued due to the fees that are collected on the account receivables,” explained Deatherage, adding that this situation is what inspired Payment Savvy LLC to offer the new convenience fee program.
In addition to being an ideal option for every high risk merchant account, the new and helpful program will allow businesses to collect the full amount that is owed to them, without paying any merchant account fees.
“It will also help them avoid any attention from FDCPA, CFPB and the business owner’s state attorney general for adding additional fees,” Deatherage said, adding that the new program is an ideal way for companies to grow their revenue.
To help explain how a business can now take payments at no cost, Deatherage noted that when a consumer pays $100 to the business by either credit card or eCheck, the full $100 is collected by the company and deposited into its business account. A convenience fee is collected by Payment Savvy and the company pays absolutely nothing in processing fees. In addition to avoiding service fees, this new program gives businesses the chance to accept Visa, MasterCard, Discover, ACH and electronic checks, as well as take payments at all times by phone, online or even through text messages.
Anybody who would like to learn more about Payment Savvy LLC is welcome to visit their user-friendly website; there, they can read more about the company and its new and revolutionary free payment processing service.
About Payment Savvy LLC:
Payment Savvy LLC is the premiere merchant account provider within the credit, collections, medical billing and accounts receivable industries. They are now offering free payment processing, which allows their clients to accept payments via Debit/Credit Cards without paying any merchant fees. This new program will help their clients to increase their payments while increasing their revenue. For more information, please visit http://www.paymentsavvy.com/