
For the business overwhelmed with accounts receivable, collection agencies are the good guys. They step in and hold the business’ customers financially responsible for the goods/services they have yet to pay for. Even so, some collection agency’s actions tarnish the reputation of others who operate honestly. Thus, collection agencies are typically classified as “high risk” and struggle to secure the merchant accounts they need. Even the collection agency startup with honest intentions will feel the effects of this industries reputation when they apply for a merchant account. This stress only adds to the overwhelming and intimidating process of collecting debts […]
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