It will also help them avoid any attention from FDCPA, CFPB and the business owner’s state attorney general for adding additional fees
Plano, TX (PRWEB) August 14, 2014
Payment Savvy LLC, a leading merchant account provider in the collections, credit, medical billing and accounts receivable industries, is pleased to announce that they are now offering free payment processing. As Eli L. Smith, National Sales Director noted, the innovative convenience fee payment processing program was specially designed in a way to help the consumer finance and accounts receivable industries avoid any troubling legal issues.
As many business owners know quite well, convenience fees have gotten a lot of attention in the media lately, since they might be against CFPB, FDCPA and state laws.
“It is truly unfortunate that this is occurring and businesses are being sued due to the fees that are collected on the account receivables,” explained Smith. In fact, he added, this situation inspired Payment Savvy LLC to launch its new convenience fee program in the first place.
To help explain the new program and how it works, Smith said that when a customer pays $200 to a company by either credit card or eCheck, the full amount is collected by the business and deposited into its company account. Payment Savvy will collect a convenience fee, but the company will pay nothing in processing fees. In addition to avoiding service fees, the convenience fee payment processing program gives businesses the opportunity to accept most major credit cards, ACH and electronic checks. They may also take payments 24/7/365 by phone, online or through text messages.
In addition to being an great choice for a high risk merchant account, the new free payment processing program will also assist companies in collecting all of the money that is owed to them.
“It will also help them avoid any attention from FDCPA, CFPB and the business owner’s state attorney general for adding additional fees,” Smith said, adding that the new program also provides a terrific chance for companies to increase their revenue.
Anybody who would like to learn more about Payment Savvy LLC may their easy-to-navigate website; there, they can read more about the company and its recently launched no-cost 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/