Most Domestic Banks Have Stopped Providing Merchant Accounts For Collections Agencies But We Have Solutions!
If your business specializes in debt collection and you're having trouble qualifying for a merchant account, CyoGate can help!
CyoGate has both domestic and international credit card processing and alternative payment solutions for collections businesses that allow both card-present and card-not-present payments.
We specialize in high risk merchant accounts for hard-to-place industries like debt collections and our payment gateway is second-to-none in the industry with numerous features that are conducive to high risk credit card processing such as the ability to support multiple merchant accounts on a single gateway account and load balance the transactions across the multiple accounts.
For more information on CyoGate's Collection Agency merchant accounts & other payment solutions for the Collections industry, please contact us today!
An Internet Merchant Account is sometimes referred to as a "MOTO" (Mail Order & Telephone Order) Account because they all require the ability to process a credit card payment when there is no physical credit card present to be swiped. A standard retail "swipe" merchant account does not allow processing of these "card-not-present" transactions.
If the domestic banks are denying your merchant application because they believe your industry is considered high risk, CyoGate can help! We have an offshore network of merchant processing partners that enable us to provide low cost, high risk merchant solutions to a much wider range of businesses and industries.
The CyoGate Internet Payment Gateway offers one of the quickest and most cost effective ways to accept and process credit card and electronic check payments online. Our payment gateway works with most existing merchant accounts and supports hundreds of popular web shopping carts and eCommerce platforms.