merchant solutions group debt collection

We have located multiple The Merchant Solutions customer service numbers: (888) 707-2836 Toll-Free Customer Support/Sales Our proven Merchant Cash Advance (MCA) default recovery solutions are proven to turn your delinquent accounts back into cash. I have filed a complaint with the bbb and am probably going to get a attorney to get my money back. Address: Recovery Solutions Group. The site is secure. This is a business that is rife with fraud and chargebacks. A lot of other company with no contract and fees to work with out there. Fax: (818) 707-7070. The creditor may also hire a debt collector or sell the debt to someone who may try to collect the debt. high risk merchant account instant approval, high risk merchant account payment gateway, offshore high risk merchant account providers, Merchant Business Funding: Making It Easier for Merchants to Get What They Need When They Need it, Instant Credit Card Processing: What You Need to Know, International High-Risk Merchant Accounts For Global Growth, Electronic Business Merchants Face Unique Challenges, We Can Help, Payment Gateways Help Merchants Keep Sites Safe and Secure, A valid, government-issued ID, such as a state-issued drivers license, A bank letter or a pre-printed voided check, 3 months of the most recent bank statements, 3 months of the most recent processing statements, if applicable, An SSN (Social Security Number) or EIN (Employer Identification Number). The Merchant Solutions provides credit card, debit card, EBT, gift card, ATM, and check acceptance. eMerchant Authority specializes in merchant accounts for high-risk businesses; this includes debt collection agencies. See Who The Worst Processors Are. If you would like to interview Phillip for your story or podcast, please reach out here. Monthly Processing Range I wish I would have read some reviews before I sign up with these con artists. I signed up with them and then realized my mistake as I was hit with overcharges on fees as soon as i charged my very first customer. Read more below to learn why we chose these options. Credit cards are, relative to ACH/EFT payments, more prone to chargebacks. The risks related to your business will be assessed by underwriters. I was skeptical and decided not to switch to merchant solutions. Ray Siddiqui of TMS told me if I return the keypad, he would refund the $500 and 2 months of fees at $35/month. Get Your Quote. SAVE YOURSELF THE HEADACHE! To know the right provider, here are factors to consider when looking for a debt collection agency for your debt collection business. Opens accounts with terms not agreed to. I would recommend not to do business with this company. The Fair Debt Collection Practices Act expressly prohibits debt collector conduct meant to "harass, oppress or abuse" you to collect on a debt regardless of whether you owe the debt or. Independent sales agents are often paid by commission and are therefore motivated to sign merchants to the most expensive contract terms they can. I will continue fighting for their dishonest practice.Do not fall for Merchant Solutions,they are a ripoff company and have a false advertisement for the free machine which on Amazon sells for $250.00.and they charge $1000.00!! Merchant Mavericks ratings are not influenced by affiliate partnerships. I will make sure this is my last time using this company. Their payment processing services also include address verification services, cardholder verification value, POS systems, card terminals, EBT, Fleet Card acceptance, gift cards, and e-commerce solutions. Comp Admin Fee $9.95 PCI Non-Cpmpliance. Business owners starting a collection agency need to thoroughly account for their startup costs and potential interruptions to future revenue due to customer chargebacks and instances of fraud. We are not being charged an ADDITIONAL $159.90 (received bill in the mail) with no explanation of what the fee (s) is for. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); BE AWARE!! This is very dishonest company with deceptive business practices. A collection agency merchant account is classified as high risk for a number of reasons. Find legal resources and guidance to understand your business responsibilities and comply with the law. Not much, but still more than disclosed. See Which Processors Offer No Monthly Fees And No Contracts. There are also several risk factors and legal issues that can complicate your decision when choosing the proper payment processor. Easier borrower qualifications that help you build business credit. Total $247.95. I got a shock when they deducted total of $1000.00 from my account in 4 payments. As a debt collection agency is a high risk merchant due to the increased chances of fraud or chargebacks, Merchant Processing Advisors can find merchant . We ordered their smartphone credit card processor and found that their application was incompatible with our phone we couldnt use it so decided to return product and cancel service. Disgusted. For me customer support is key and Austin is definitely an asset to this company. Numerous calls went straight to voicemail without any return calls. I was to have 1 account with Merchant Solutions ! While the information in the above article is believed to be accurate as of its publish date, the author and publisher make no representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the contents. This lack of transparency in pricing is typical of the industry in general. processing as well as the collections industry, in order to support compliance and best practices adherence . The company is headquartered at 22801 Ventura Boulevard Suite 300, Woodland Hills, California 91364. Seriously they will destroy your business. After I cancelled my account with them, they debited my account $50.00 to refurbish the terminal they provided free of charge. But some payment processors may provide only limited support for brick-and-mortar payment processing or may only provide specific processing hardware on a lease. Although users may request an interchange-plus pricing plan, PayKings non-transparent pricing and early termination fees can actually work against up-and-coming collection agencies that may not have a consistent stream of revenue. Get Started With Durango Merchant Services. PayKings, although a high-risk specialist, ironically exacerbates issues with reliable streams of revenue that are common to the debt collection industry. When you choose us, youre not just getting back your assets. I am still trying to get that back. Today was the last straw which we really been shut down since April over covid19. They changed my contract, billed me a ton more without giving me an opportunity to opt out. I got the notification in the mail 2 FULL DAYS AFTER they had billed me. RUN! Now they have charged me with a PCA compliance processing fee of $149, payable annually. Its like they try to rip you off once last time b4 they let you go. Before You Switch Processors, Find Out How Other Businesses Got Fee Refunds From Their Current Processor. Recovery Solutions Group, LLC (RSG) Contact Information. BBB received a pattern of complaints concerning collections practices. Call 1-888-288-2692. These businesses are associated with a higher rate of risks related to payment processing and a large volume of chargebacks. They never have any answers and are only looking for ways to disconnect you. Some of these limitations can be pretty tough on a business, particularly in their early days. I have been getting charged for a second account since April of 2012 that I did not authorize and for which they are telling me I did. Collection agencies require a merchant account provider that supports over-the-phone as well as online payment processing and facilitates timely consumer payments to prevent interruptions to revenue streams. From The Editor : 182 3125, Competition and Consumer Protection Guidance Documents, HSR threshold adjustments and reportability for 2023, A Century of Technological Evolution at the Federal Trade Commission, National Consumer Protection Week 2023 Begins Sunday, March 5, FTC at the 65th Annual Heard Museum Guild Indian Fair & Market - NCPW 2023. Banks consider collection agencies as high-risk for several reasons, the first of which being the sometimes-negative public perception of the debt collection industry. Additional rates and fees, including a technical support fee may apply. They will not return my phone calls now. Your email address will not be published. WOW, I wish there is a -star to rate this company, when i first started using my pos, it kept taking the money i received from my clients to a different bank account in a different state, and it took them 3 months to fix this and get my money back. They need to know that if they are going to be offering you services that there is a strong chance that they will get their money back in the event of a chargeback. The mobile POS solutions that Instabill offers can be relatively time-consuming to begin using as well since Instabill requires its users to create a separate account with its mobile processing partner, CardFlight, before they can accept mobile payments from multiple devices. Thousand Oaks, CA 91362. Debt Collection Agencies & Lawyers in New York If you received a court Summons and Complaint, or have been threatened with lawsuit for a consumer credit card account in the states of New York and New Jersey by one of the collection agencies below, or by one of their debt collection lawyers, contact us to learn your rights. According to The Merchant Solutions complaints filed on this site and elsewhere, TMS appears to offer a standard contract of three years with automatic renewal, an annual fee of $79, a PCI compliance fee of $99, and an early termination fee of $395 or more. Ideal for collection agencies with a history of excessive chargebacks. This field is for validation purposes and should be left unchanged. Do you feel like its the right time to start a collection agency? There is evidence that The Merchant Solutions utilizes independent sales agents in addition to online advertising to market its services. Very shady business practices and a very deceptive sales process. I will NEVER consider using them again. Such a vendor can be a great help for your debt collector business. I think I was the set up by Merchant Solutions. Square is a top choice for POS for any type of business. Note: We have adjusted this companys BBB rating according to our own standards. Once the application process starts, we will find the best merchant account for you. They constantly slip in unauthorized charges. Payment gateways transmit data between an agencys point of transaction and the receiving payment processor. they charged me $450 every month out of total 10k annual monthly. PaymentClouds repertoire of POS solutions, card-present and card-not-present processing options, and focus on eCommerce makes it a great choice for both new and slightly more established debt collectors. Why Is Credit Card Processing For Collection Agencies Considered High Risk? The company never disclosed high fees , fees for not taking a test, and excessive closing fees. As a debt collecting agency, opening a debt collection merchant account is the best thing you can do to improve your business cash flow and offer more payment options to your customers. Our services are secure and reliable. Beware, do not do business with merchant solutions. We take great pride in providing one of the only objective an unbiased merchant account review websites on the internet. Although their websites navigability can be clunky, PaymentClouds history of few public complaints and excellent track record for customer support suggest that overall, it is a helpful and easy-to-work-with payment processor. Their customer service is terrible, they are never reachable. Horrible company. Telephone: (818) 409-6000. With our underwriting services in place, you can enjoy a much greater success chance of obtaining a merchant account with one of these banks. When I explained to the representative that my business is not making any money she did not care, but wanted to know where to send the cancellation to withdraw the fee. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. They charged me $300 for what they called setup charges. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. This was not in our contract, but I couldnt get the money back without suing them. one year. Problems logging in? Besides, we understand just how financially difficult it is to become a business owner. Avoid this outfit as they will make your life miserable. Then I began getting charged a PCI non compliant fee $40.00. Specifically, consumer complaint activity alleges this business claims to be a law firm attempting to collect on debts that. Milford, DE 19963. These are all fees that were started 8 months into my contract. If they cannot guarantee this, then you will likely not be offered a high-risk merchant account with that company.

Entertainment Benefits Group Lawsuit, Shelley Long Daughter, Juliana Tyson, Steam Burn Won't Stop Hurting, Articles M