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We Approve Collection Agencies

Collection Agency Merchant Account

How do you know if your collection agency has been categorized as a high-risk merchant?

A high-risk merchant account is essential for collection agencies. These specialized payment processing accounts are designed for merchants classified in high-risk categories, providing the necessary solutions for online credit card processing in the collection industry.

Dedicated Account Managers
15+ Years High-Risk Experience
Fast and Easy Application
Recurring Billing Options
20+ Financial Partners
Chargeback Mitigation
Collection Agencies merchant services

Collection Agency Merchant Accounts

Collection agencies face unique challenges in the payment processing world. As a high-risk industry, many traditional banks and payment processors are hesitant to work with collection agencies. At PayKings, we specialize in providing merchant accounts tailored to the specific needs of the collection industry, ensuring you can process payments securely and efficiently.

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Get Started with Collection Agency Payment Processing

Follow these simple steps to set up your collection agency merchant account

1

Complete an online application

Start your journey with a simple online application process for your collection agency.

2

Submit necessary documentation

Provide the required documents to support your collection agency merchant account application.

3

Benefit from our underwriting team's assistance

Our expert team will guide you through the underwriting process for collection agencies.

4

Start processing payments and growing your revenue

Begin accepting payments for your collection services and watch your business thrive.

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Why Choose PayKings for Your Collection Agency Payment Processing?

Collection agencies face unique challenges in the payment processing world. As a high-risk industry, many traditional banks and payment processors are hesitant to work with collection agencies.

Collection Industry Solutions

At PayKings, we specialize in providing merchant accounts tailored to the specific needs of collection agencies, ensuring you can process payments securely and efficiently.

Understanding High-Risk Designation for Collection Agency Merchant Accounts

Being labeled as a high-risk merchant necessitates partnering with a payment processor experienced in high-risk accounts. Avoid disruptions by choosing PayKings, a leader in high-risk merchant account solutions for collection agencies.

Choosing the Best Collection Agency Payment Processor for Your Business

Securing the right collection agency payment processor is crucial for businesses in the collection industry to avoid account closures and fund holds. Learn how PayKings can provide the stable, high-risk processing account your business needs for uninterrupted sales and growth.
Collection Agency Processing

Our Services

Comprehensive payment solutions tailored for your Collection Agency business

Collection Agency Merchant Accounts

  • 20+ Proven Bank Relationships
  • Medium/High Risk Accounts
  • Fast Collection Agency Account Approval
  • Large Merchant Case Studies
  • E-Commerce and Retail Collection Agency
  • B2B Collection Agency Vendors Supported

Multiple Payment Solutions

Compatibility & Support

  • Gateway Recurring Billing
  • Secure Vault Storage
  • E-Commerce Cart Plugins
  • Developer API / Docs
  • POS/Terminals
  • Scalable Merchant Accounts
  • Dedicated Account Managers

Seamless Payment Processing for Collection Agencies

Our collection agency merchant accounts are designed to provide smooth, reliable payment processing for your business. With our tailored solutions, you can focus on growing your collection agency while we handle the complexities of payment processing.

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Frequently Asked Questions

Everything you need to know about high-risk payment processing

A debt collection merchant account or collection agency merchant account is a specialized payment solution that allows debt collection agencies and debt buyers to securely accept credit card payments, debit card transactions, and other electronic payments. Because debt collection services are considered high risk, PayKings provides tailored merchant services and payment processing solutions designed for the unique needs of debt collection companies and their business model.
Debt collection businesses handle sensitive financial data, manage consumer accounts, and often process payments tied to credit card debt, loans, interest, and household debt. This high-risk environment undergoes regulatory scrutiny from agencies like the Consumer Financial Protection Bureau (CFPB). PayKings provides merchant account services, payment gateways, and technology built to minimize fraud and support compliance within this high risk industry.
PayKings enables debt collectors to accept a wide range of payments, including credit card payments, debit card transactions, ACH, and online payments. Collection agencies can process payments through our virtual terminal, or point of sale setup. These processing solutions help collection agencies accept payments quickly from any debtor using their preferred method.
PayKings follows the Payment Card Industry Data Security Standard (PCI DSS) and uses advanced tokenization, encryption, and 3D secure technology to protect sensitive financial transaction information. This helps reduce fraud risks, ensures compliance with the law, supports audit requirements, and protects both the creditor and consumer throughout the payment process.
PayKings provides solutions for:
- Debt collection agencies
- Debt buyers
- Debt settlement services
- Debt consolidation businesses
- Credit counseling agencies

PayKings offers dedicated merchant accounts and payment processing solutions to these industries, which often deal with high-risk transactions. PayKings provides secure payment processing solutions tailored to your needs.
Pricing for payment processing for debt collection companies depends on factors such as transaction volume, assessed risk, and the type of debt being collected. PayKings offers transparent merchant services pricing with detailed invoice statements. Agencies receive clear explanations of all costs, helping improve accounting and cash-flow visibility.
Yes. PayKings connects easily with leading software platforms for accounting, debtor management, and CRM tools used by debt collection operations. This integration allows for automated reporting, payment tracking, audit preparation, and improved customer service workflows.
PayKings delivers advanced risk management features including fraud prevention tools, chargeback mitigation, secure tokenization, identity verification, and compliance controls. These systems help protect collection agencies from fraud, unauthorized payments, and payment disputes related to credit card debt or line of credit collections.
Yes. Many debt collection agencies utilize PayKings to offer structured repayment plans for debt settlement, credit counseling, or installment agreements. PayKings' payment gateway supports recurring billing, stored payment credentials, and automated reminders so debtors can make timely payments from their bank account or payment card.
PayKings specializes in high-risk payment processing solutions and understands the unique requirements of the debt collection agency space. With secure technology, compliant systems, reliable support, and a reputation for assisting high-risk industries, PayKings helps agencies improve collections, protect consumer data, and maintain strong operational credibility.

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