Best DEBT Collection Payment Processor with Global eChecks
Debt Collection is considered a very challenging job. There are debtors who make unnecessary delays in paying the debt back. This is possible in case offinancially troubled debtors who aren’t in a position to clear your debt.
Sometimes Companies lack contact information on the debtors hence are unable to track them. Or, sometimes the available contact information used for the credit may be out of date. While in some other cases, there may be information available about the debtor, but due to technical reasons, it becomes difficult to sort through it all.
How do E Checks help?
That being said, a business having Debt Collection Merchant Account registered with us can tackle all of the above issues in one go! E Checks play a vital role here. They simply reduce the time consumed in the case paper checks, and even the processing fee in the credit cards. Most importantly, our Live Funds Verification system allows registered merchants to run an instant verification and confirm whether the concerned bank account has enough funds to complete the transaction or not. Other risk factors such as past faulty transaction records and false data are also checked.
We know, for a business, overdue payment affects its growth and profit. It leaves an adverse impact on the credit ratings of a business, turnover, and cash flow. To prevent such issues, you will need a proper credit strategy and a reliable debt collection payment gateway.
We handle your Debt Collection Merchant Accounteffectivelyto settle your transactions, collect the debt, and manage the processing fee. We provide you with the easiest way to receive your payments.
We just ensure you are paid by your customers/debtors on time via our secure debt collection payment processor account.
The E check works in a simple way:
- Get the required account details from your customers either over the phone or via an online payment link that can be generated from your merchant account.
- Get the data verified through our Live Funds Verification system and let the system instantly give you an overview of inconsistencies with the provided data such as availability of funds, high/moderate/low risk based on past transactions etc.
- Get a print out of the E Check and submit it to the bank for further processing. You can also send the E Check via a mobile phone.
- Complete the transaction.