Comp Admin Fee $9.95 This is very dishonest company with deceptive business practices. Unfortunately, some credit card processors who offer such services will add unnecessary fees, while others will have vague contract clauses for their high-risk clients. I was told by a company Rep, Ray Siddique, that there will not be any hidden fees or cancellation fees ever, and they will offer the best lowest deal. This form is for feedback only. Why would we want a service we couldnt use? Thousand Oaks, CA 91362. 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). 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. If you can get one who has worked with businesses in the debt collection industry, the better. This means that your company can process debit and credit card transactions, and it will do this for an affordable price. The types of collections that different agents and agencies deal with, though, can vary widely. However, these channels appear to fall short of the support levels offered by top-rated payment processors for customer service. Merchant Solutions Group - Merchant Cash Advance | Working Capital It only makes sense then that the best collection agency merchant account providers offer processing options for multiple payment types and a reliable system to fight chargebacks and fraud. Of course, we will provide you with all of the tools that you need to process payments. Your email address will not be published. Fraud protection should be high on the list of priorities for a debt collector of any size and type, and Durango is well-placed to handle instances of fraud that are common to the collections industry. 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. Would recommend , Merchan Solution they are very professional , Ive been talking to Austin back and forth seems like I know him, anyway every question I did not understand about this machine he explain it very clearly to me, He was not Just a sales person he wants my business to succeed Thank you very much .Austin Smith, Merchant solutions are very professional. Instead, you need to search for high-risk merchant accounts. This company needs to be put out of business. My company is no longer doing business and I have not used the machine in 6 months. Merchant Solutions retail credit card processing solutions allow merchants to offer flexible methods of payments at the point-of-sale, including major credit cards, debit cards and checks. Instabill offers credit card terminals albeit with little information concerning specific terminal models or features on its website. I used Merchant Solutions for approx. They may require countless numbers of documents. The risks related to your business will be assessed by underwriters. for lack of use and Merchants want 490 dollars to terminate service. They charge you all kinds of fees which your not told about. I hope there will be a class action lawsuit and I plan to be a part of it. This means that the process is fast. The company is headquartered at 22801 Ventura Boulevard Suite 300, Woodland Hills, California 91364. If you have your own The Merchant Solutions review to make, please do so in the comments below. Our proven investigation tools help us create fast and effective debt recovery services. Were never worried about our overdue receivables. said no business ever. Call 1-888-288-2692. I will report this matter to BBB about their sales / marketing strategy for omitting such cancellation fee info. Merchant Solutions is a very dishonest processor. Merchants can get more competitive contract pricing by instead going with a cheap merchant account provider. Amazing! Youll need a robust suite of hardware and services to accept payments online and over the phone, if so. The Merchant Solutions is definitely THE worst credit card company EVER!!!! Which Collection Agencies Will Accept a Pay For Delete Agreement? Some processors have no monthly, no annual fees, no contract, and cheap rates. They get you sign up with them for a minimum fees and after few months they hit you with 7% fees. Seattle Collection Agency | Merchants Credit Association Any unauthorized copying and reproduction of the content of this page, including all meta data and computer code, is strictly prohibited. Which Collection Agency Merchant Account Is Right For My Business? In addition, they told us the transaction fee would be 2.65% of each purchase. Fortunately, there are providers willing and able to help. Within a month or two they charged me a yearly acct fee of $80.00 and then out of the blue raised the monthly rate to $20.00. I was very skeptical and was sure that the contract did not disclose a 3yr aggreement or termination fee. I didnt fill out anything to open OR close the account and today was hit with $495 fee. : 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. The Merchant Solutions then hit me with a new $99 a year for a so-called PCI Compliance Program charge, a $35. This company, Merchant Solutions, is a fraud. This does not compare favorably to our list of best credit card processors. Don't Fall Into An Expensive Trap. Get Started With Durango Merchant Services. They really do not want to do this. I got a shock when they deducted total of $1000.00 from my account in 4 payments. He is very knowledgeable and provided excellent support. 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. Whether you're looking to save money on processing or to get approved for a merchant account, PaymentCloud can help. Due to the high-risk nature of your business, most merchant account providers will ask you to jump through hoops if you want to work with them. I was told thay my rates would be as low as 1.5%. Suggest you consider that Paymentech and many others do not charge this. There is also $395 restocking fee, and $550 reprogram fee when you have to return their pin pad. The Merchant Solutions commits serious unethical and possibly illegal business practices, and you can see their legacy of fraud at RipOff Report.com or the BBB for Woodland Hills California, or on Yelp.com. In the United States, all debt collection companies will need to conform to the Fair Debt Collection Practices Act (FDCPA). An official website of the United States government. This credit card processing company is HORRIBLE! 180 Maiden Lane, 15th Floor. Because of their undisclosed fees and charges I ended up paying more than my previous company. Opens accounts with terms not agreed to. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. 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. They refuse to close the account saying they will charge me $495.00 early termination feefor an account that has been opened with a copy of the contract from my real account. This company was nothing but deceitful from the beginning. Either the sales agent or someone at Merchant Solutions copied my contract changed the account numbers and other information to open a second account that involved a terminal. High-risk specialist for U.S.-based collection agencies. I am looking to upgrade 4 of my restaurants systems. Has representatives that open fradulent accounts. And particularly so for debt collectors due to the consumer demographic of debtors. They are very rude and they will not correct the problem with me even though they said they would. These companies and people are banned, by federal court orders, from participating in the business of debt collection. She said that I would need to submit an application in order to verify the discounts they were offering. Beware, do not do business with merchant solutions. When you choose us, youre not just getting back your assets. Square is a top choice for POS for any type of business. Click here for more product information. CardPaymentOptions.com, Inc. All Rights Reserved. The Merchant Solutions processes most major payment types. Check out our complete list of High-Risk Merchant Account Reviews for more traits that other top-performing high-risk specialists have in common. Merchant Card Advisors specializes in providing comprehensive merchant account services for high-risk businesses, including businesses in the debt collecting sector. Stephanie T. Nguyen, Chief Technology Officer, Include spaces in matter number if applicable. The debt collector refers to themselves as an investigator, or that they will contact the investigator on your case. If you do business with a debt settlement company, the company may tell you to put money in a dedicated bank account, which will be managed by a third party. For this reason, they are often linked to high complaint totals. Seeking to take them to court for their theft. Debt collection businesses should partner with a merchant A business that accepts credit cards for goods or services. They refuse to refund the money. And because I signed the document, the company is telling me, that I am liable for the contract. Dont give them, or their mother company, First Data, your business!!! 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. This is according to the 2016 American Household Credit Card Debt Study by Nerd Wallet. 651-398-1636. Businesses need cash: Restaurants, Bars & Hotels Automotive Salons & Day Spas Doctors, Dentists & Vets Franchises & more Let us know how well the content on this page solved your problem today. Whatever type of debt collection your business operates in, we are confident that we can find a high-risk merchant account for you. Monthly Processing RangeUnder $1,000$1,000 - $5,000$5,000 - $25,000$25,000 - $50,000$50,000 - $100,000Over $100,000. Early penalty for cancellation. This means that you will be out of business. This means that we can offer rates that are a little bit cheaper than most other high-risk merchant account providers. High-risk specialist Durango Merchant Services ability to place accounts for merchants with histories of excessive chargebacks is invaluable to new collection agencies.