merchant solutions group debt collection

Login - vt.merchante-solutions.com This includes debt collection companies and debt buyers. PaymentClouds repertoire of POS solutions, card-present and card-not-present processing options, and focus on eCommerce makes it a great choice for both new and slightly more established debt collectors. No mention of 3 year contract and no proof of it. The salesperson on the phone neglect to inform me of a cancellation service fee of $900.49 He has a BA in Creative Writing and a Minor in German from Goucher College. Ray Siddiqui of TMS told me if I return the keypad, he would refund the $500 and 2 months of fees at $35/month. The worst company to do business with ever!!!! Early penalty for cancellation. The Clover name and logo are owned by Clover Network, Inc. a wholly owned subsidiary of First Data corporation, and are registered or used in the U.S. and many foreign countries. Debt Collection Agency Merchant Account - PayKings This is why when you partner with us you also enjoy transparent pricing with no long-term contracts or hidden fees. Merchant Services | Payment Processing Enterprise Solutions | Fiserv Soar offers an automated application process online that takes minutes to complete and provides merchants with a quote after the fact. This company is a bunch of scam artists charging a early termination fee of 395 after we were with this company 6 yrs and only had a 3 yr contract which they took upon themselves to renew, charges for non compliance because they decided to switch companies for their compliance when I was compliant through April of 2013 and now a $50 fee for refurbishing,, it is not my problem that they need to refurbish a machine. These are all fees that were started 8 months into my contract. They refuse to refund the money. Best Collection Agency Merchant Accounts For 2023 - Merchant Maverick If you want to pay unregulated fees like a $9.99 a month regulatory fee and a $6.95 monthly data insurance fee and a $150.oo yearly anuall PCI FEE this is the processor for you.. Its website can be hard to use as well. This form is for feedback only. From The Editor 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. You can get your approval in as little as 24 hours. Best Merchant Accounts for Debt Collection Agencies Youre also working with a business that knows your problem and has the fix. eMerchant Authority is a registered ISO of Woodforest National Bank, Houston, TX Member FDIC. In addition to its support for merchants who may be on the TMF or MATCH List, Durango also works to prevent chargebacks in the future with multiple reputable anti-fraud services. Under federal law, a debt collector must send you a written validation notice within five days after they first contact you. Due to the risky nature of your business the typical bank wont deal with you. To get a reliable and low-cost collection agency merchant account, you just need to turn to emerchantbroker.com. Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. They bill me $100.00 more for the first month & when I complained they told me they going to have a rate review and correct it, the second months they did the same, one week in the third months I stop using them for processing and then they threatening me with a $495.00 early termination fee that I cross in the application then I find out that Daniel A. forged my initial and change the page. Easier borrower qualifications that help you build business credit. The path toward getting your collection agency off the ground is rife with hurdles that take the form of legal obligations, a complicated and sometimes bleak industry reputation, and the constant risk of interruption to your businesss revenue. We were charged a $350 restocking fee after being told there would be NO FEES. Provider of affordable payment processing hardware that can streamline various debt collection operations. Do not give them your business. The company has a higher-than-expected number of complaints for its apparently small size, and the contract terms that we have seen reported for this company arent especially competitive, especially when compared to the best overall credit card processors. After I cancelled my account with them, they debited my account $50.00 to refurbish the terminal they provided free of charge. YOU WILL BE SORRY! Fax: (818) 707-7070. Consider the following points to more easily smooth over your application process for a collection agency merchant account: Business owners starting new collection agencies or even expanding existing ones need merchant account providers that minimize the stresses that come with the debt collection industry, not exacerbate them. See this page to learn how we support our operations. Avoid this outfit as they will make your life miserable. Although users may request an interchange-plus pricing plan, PayKings non-transparent pricing and early termination fees can actually work against up-and-coming collection agencies that may not have a consistent stream of revenue. I have tried to use card reader several times without success. Find legal resources and guidance to understand your business responsibilities and comply with the law. Sending Chargebacks to Debt Collection They, by their own admission, billed me for numerous new and unauthorized charges that were not in my contract, and then sent me an opt out form 2 FULL DAYS AFTER the charges cleared, and refused to refund my account or cancel my service in light of their unscrupulous activity. Annual Fee $79.00 Has representatives that open fradulent accounts. The Merchant Solutions provides credit card, debit card, EBT, gift card, ATM, and check acceptance. I was never told about a restocking fee and some other charge until I got ready to cancel. Any and all use of trade names and/or marks are for identification purposes only and shall not be construed as a claim of affiliation, or otherwise, with CardPaymentOptions.com, Inc. ("CPO") in any form. Example: If you have a sale that is then multiplied by the discount rate, and it comes out to 1.62222, you will pay them 1.63. . We appreciate it. We have lowered the companys score in this section to a C to reflect this consistency. Merchants Credit Association, is a debt collection company. Search the Legal Library instead. They are awful and very dishonest do not use them. Durango combats consumer-related fraud with anti-fraud protections such as Verified by Visa, Mastercard SecureCode, Fraud Scrubbing, and EMV 3d Secure 2.0. eMerchantBroker.com. Whatever type of debt collection your business operates in, we are confident that we can find a high-risk merchant account for you. We have focused on merchant cash advances over two decades. Heres a quick list ofsome of the most common debt collection agency types: The different types of collection agencies all require a payment processor that can provide support for payments made over the phone as well as online. This is Uncle Fried Chicken LLC, and The Merchant Solutions are scammers and dont follow their own contract rules. It took me 2 weeks of calling NON-STOP to get any response. The Fair Debt Collection Practices Act expressly prohibits debt collector conduct meant to "harass, oppress or abuse" you to collect on a debt regardless of whether you owe the debt or. Get Started With Durango Merchant Services. Better look for alternatives. I was never given a written contract had computer generated signature. At Monetaria, we understand that your MCA agreements are time-sensitive. When you should have paid 1.62. These actions contribute to a negative public perception of the industry and demonstrate to some banks offering merchant accounts that the businesses in the collections industry are high-risk. : 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. However, pricing is not disclosed on either of those services. Phillip created this website and has written over 1,000 articles regarding all things payments. The creditor may also hire a debt collector or sell the debt to someone who may try to collect the debt. Very rude on phone, does not care about you as a customer. It is worth noting that being a high-risk company does not mean that your application for a merchant account will always be rejected. this will happen if you change to another company. Seattle Collection Agency | Merchants Credit Association This field is for validation purposes and should be left unchanged. This Post Might Help: Cancelling a Merchant Account Contract Without Paying a Fee. If you have already signed up with them, get out fast. And because I signed the document, the company is telling me, that I am liable for the contract. She also helped us to file our annual PCI compliance saving us about $40 per month. Their payment processing services also include address verification services, cardholder verification value, POS systems, card terminals, EBT, Fleet Card acceptance, gift cards, and e-commerce solutions. Abdulali Mithani is the CEO and chairman of The Merchant Solutions, though LinkedIn also lists a Zahra Mithani as CEO and a Taufia Mithani as CEO and chairman. Their disclosure pricing on cancellation of service was not mentioned to me when I was docusigning the paperwork via Internet. All they do is to get you sign up the contract, but be sure to read the fine print on auto renew, they will auto renew you into another contract even their machine never works. What are debt settlement/debt relief services and should I use them? My request to talk to a supervisor and to review the contract I had supposely sign went unanswered. You want a merchant account provider who has the experience and more so one with experience working with high-risk industries like yours. Essentially, they steal from the customer. reporting it to the relevant supervisory organizations, top-rated payment processors for customer service, Cancelling a Merchant Account Without Paying a Fee, How to Get Out of a Merchant Account Contract, How to Make Your Payment Processor Release Your Money, Cancelling a Merchant Account Contract Without Paying a Fee. Also even though I had cancelled in June, in July they also charged PCI compliance of $99.00 when I did not even process with them. The sales rep never returned my calls and is no longer with thw company. After the application an account was initiated and our company began receiving charges, despite a lack of consent on my end and zero activity on the account. Run, dont Walk, from the Hustler Con Artists at The Merchant Solutions. This means that you could, effectively, lose your ability to run your business. I had to close the account, due to poor sales results. Debt Collection Agency Merchant Services, Collection Agency Credit Card 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. Debt collection | Consumer Financial Protection Bureau Dont believe anything their salesman tells you on the phone as they will lie to you endlessly and then screw you later. I will NEVER consider using them again. Why would we want a service we couldnt use? There are a bit more than 9.000 businesses in the industry that employ over 150.000 people. Fake and Abusive Debt Collectors | Consumer Advice We occasionally send out emails with special offers. At this point, I am looking for a new processor . This Post Might Help: Cancelling a Merchant Account Without Paying a Fee. Their payment processing services also include address verification services, cardholder verification value, POS systems, card terminals, EBT, Fleet Card acceptance, gift cards, and e-commerce solutions. Whether youre building your agency from the ground up or already have a business that needs to switch to a better merchant account provider, your agencys success depends on multi-channel payment support, systems to combat fraudulent chargebacks, and transparent pricing plans and contractual requirements. This complaint total is somewhat high for a company as small as TMS, and it therefore merits a D grade in our opinion. They really do not want to do this. Debt Collection Agency Merchant Services, Collection Agency Credit Card Processing Collection Agency Merchant Account Solutions At Premier One Payments, we are the rare merchant account services provider that is ready and willing to work with collection agencies. Bitty advance immediately escalated my debts to Recovery Solutions Group and they have been harassing me ever since. Your Merchant Cash Advances help commercial businesses succeed. Soar partners with Chargeback.com to offer anti-chargeback features such as chargeback alert emails, services for fighting illegitimate chargebacks, and the iSpyFraud filter to detect fraud and suspicious transactions. The following vendors dont currently make the cut for our list of best merchant account providers due to drawbacks like fees and rates, contractual obligations, and relative lack of products and services provided. What Debt Collectors & Collection Agencies Need To Know About Payment Processing, 6 Tips For Getting Your Collection Agency Merchant Services Approved. eMerchant Authority works exclusively with businesses, such as credit repair companies, that have been deemed to be high-risk clients. WOW, I wish there is a -star to rate this company, when i first started using my pos, it kept taking the money i received from my clients to a different bank account in a different state, and it took them 3 months to fix this and get my money back. Merchant Cash Advance Debt Collection Services | Monetaria So then I cancelled and they charged me a $945 restocking reprogramming fee? The Merchant Solutions offers a variety of e-commerce services, Audit Your Current Statement To Find Its Hidden Fees. Recovery Solutions Group, LLC (RSG) Contact Information. The .gov means its official. Upon cancellation after over 4 years I returned the machine in good order. Dont give them, or their mother company, First Data, your business!!! Independent sales agents are often paid by commission and are therefore motivated to sign merchants to the most expensive contract terms they can. 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. Learn more about dealing with debt collection at ftc.gov/debt. From The Editor Monthly Processing Range When a customer disputes a transaction and gets a chargeback, the merchant is free to consider the reversed payment an outstanding debt and treat it as such. Garbage company. I will make sure this is my last time using this company. Nasty contract . Merchants are advised to thoroughly review their merchant agreements with The Merchant Solutions and to renegotiate their contracts if hidden fees are suspected. Now illness has caused me to lose my merchant tax ID. This is an attempt to collect a debt and any . Help with PCI compliance is a godsend for businesses that operate in the highly regulated collections industry. Pam called me offering a competitive rate for credit card processing. Total $247.95. Comp Admin Fee $9.95 180 Maiden Lane, 15th Floor. My company is no longer doing business and I have not used the machine in 6 months. The company is headquartered at 22801 Ventura Boulevard Suite 300, Woodland Hills, California 91364. You should double-check with the service provider/financial institution directly as well as obtain independent financial advice prior to making any financial commitments or business decisions. In some cases, this leads to merchants contracting with debt collection agencies. This means that you can always stay on top of any transactions that you are making. However, these channels appear to fall short of the support levels offered by top-rated payment processors for customer service. Product & company names, logos, and trademarks referred to on this site belong to their respective owners. According to The Merchant Solutions complaints filed on this site and elsewhere, TMS appears to offer a standard contract of three years with automatic renewal, an annual fee of $79, a PCI compliance fee of $99, and an early termination fee of $395 or more. I had signed up with them thinking they can offer me the lowest rates with a price beat guarantee. They dont deserve a BBB rating they suck!!!! If they cannot guarantee this, then you will likely not be offered a high-risk merchant account with that company. Their hidden fees are through the roof. how much money you owe. I have been in contact with them for months now, and they still cannot give me a justifiable answer. Look out for credit card processors who offer other merchant solutions that could be useful for your business. Wehave not found any outstanding class-action lawsuits or FTC complaints filed against The Merchant Solutions. Owe CFG Merchant Solutions? Learn More Here - Tayne Law Group The merchant account providers POS systems and card readers as well as its excellent integration capabilities are thankfully easy to navigate with a strong reputation for standout customer service. They round up everything, even when they shouldnt according to elementary mathematics! We can help you to seamlessly integrate eMerchant Authority payment solutions into your business. Payment Processing . An official website of the United States government. For me customer support is key and Austin is definitely an asset to this company. . Ready to integrate payment processing solutions into your new business? It isnt just the finances of your business that they pay attention to either. Our proven investigation tools help us create fast and effective debt recovery services. It was revoked by State of TN. TOTAL SCAMMERS!!! Many other high-risk merchants are notorious for offering card readers and monthly gateway fees, but Durango helps new collection agencies set themselves up for affordable success by making its hardware directly for sale online.