Trouble finding long-term merchant processing?
National Merchants Association (NMA) is the expert in hard-to-place merchant accounts. If you operate a debt collection business, you’ve likely experienced difficulty acquiring and maintaining a merchant account.
Merchants operating in the debt collection industry are in the business of moving money, acting as an intermediary to help businesses collect on unpaid debts. The majority of payments made to collections agencies are made by mail or over the telephone, constituting a Mail Order Telephone Order (MOTO) transaction. Cash payments aren’t an option for debt collection companies, so the ability to accept debit card payments is crucial to business success.
NMA understands the need for a working, healthy merchant account, especially for debt collectors in the card-not-present space. If you’ve had trouble getting your debt collection business approved for electronic processing, we have good news! NMA has you covered.