Debt collectors face disputes and strict regulation. We deliver secure collection agency merchant accounts with a dedicated gateway, ACH, chargeback protection and fraud prevention.
Collecting on consumer and commercial debt is heavily regulated and dispute-prone, so most banks say no. We underwrite licensed collection agencies and recovery firms.
You will work with a dedicated account manager who helps you choose the right collection agency payment solutions and guides you through setup. We can integrate with the software you already use, including your CRM and accounting tools - no technical skills required.
Once you apply, you will complete a short online application covering your business, its size and your payment needs. After review, a member of our collection agency payment processing team will reach out to finish setting up your account, typically within 24-48 hours.
Everything you need to accept payments and grow with confidence.
There are many compelling reasons to choose Karma Card Payments to process payments for your collection agency business. Here are the key benefits our collection agency payment solutions offer.
Our collection agency payment gateway gives you secure, flexible payment options tailored to your products - from recurring billing for predictable revenue to one-time sales and discounts that reward loyal customers.
Chargebacks are a serious concern for collection agency businesses. Beyond lost revenue, excessive chargebacks can trigger penalties and account closure. We use advanced prevention tools to protect you and help you contest cases of friendly fraud.
Fraud prevention is built into every solution we offer. Sophisticated detection flags suspicious transactions before they process - essential protection given the elevated fraud risk in the collection agency space.
We provide omnichannel collection agency payment processing for online, retail and phone-based operations of every size.
Share your contact details and a member of our collection agency payment processing team will schedule a call to build the right solution for your business.
Answers to the questions collection agency businesses ask us most about accepting payments, fees and getting approved.
We provide omnichannel payment solutions designed for collection agency businesses:
Online: A secure payment gateway lets you accept credit card and ACH payments from customers - including one-time transactions, subscription billing and recurring payments.
Retail: For in-person sales we provide POS software and card readers for operations of all sizes.
Over the phone: Virtual terminals make it simple to accept payments over the phone with added convenience and security.
Processing fees typically range from 1.5% to 3.5%, depending on card brand, transaction type and your industry. Because collection agency is classified as high-risk, rates can run higher than average.
Our mission is to offer affordable, transparent processing tailored to collection agency businesses, helping you avoid excessive fees while staying compliant with Visa and Mastercard requirements.
To help expedite approval, please gather the following before applying:
Your website should use HTTPS with a valid SSL certificate and include your legal business name, contact details, a Privacy Policy, Terms & Conditions and a Refund Policy.
Collection agencies are high-risk because of FDCPA regulation, consumer disputes, ACH returns and the negative-experience nature of debt collection. That classification is exactly why a specialized processor matters - we underwrite collection agency businesses every day and build in the protections needed to keep your account stable.
Most collection agency merchant accounts are approved within 24-48 hours once we have your completed application and supporting documents. Having your paperwork and a compliant website ready ahead of time is the fastest way to get up and running.
