Trouble finding long-term merchant processing?
National Merchants Association (NMA) is the expert in hard-to-place A business that accepts credit cards for goods or services. accounts. If you operate a debt collection business, you’ve likely experienced difficulty acquiring and maintaining a A business that accepts credit cards for goods or services. 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 (A type of payment card transaction where the order and payment information is transmitted to the merchant either by mail or by telephone. This a card not-present transaction.) An act between a seller and a cardholder that results in either a paper or an electronic representation of the cardholder’s promise to pay for goods or services received from the act. The action between a cardholder and a merchant that results in financial activity between the merchant and cardholder’s account..... 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 A business that accepts credit cards for goods or services. account, especially for debt collectors in the A merchant environment where the cardholder (and the card) is not physically present at the time of purchase. Typical card-not-present transactions take place in businesses focused on mail order/telephone order, business-to-business, and Internet-based transactions.... space. If you’ve had trouble getting your debt collection business approved for electronic processing, we have good news! NMA has you covered.