Collection Services: "Check's in the Mail"?
Households with Credit Cards Average Debt is $15,788
More than 70 percent of the Debt Collection companies still use mail to contact delinquent account holders. This method continues to result in poor compliance as consumer use mail delays as excuses in not paying. Pay Cash Now can provide immediate, local collection services.
Over the last 12 months, 15 percent of American adults were late paying one of their credit cards and 8 percent of them did not make a payment at all. Collections companies are dealing with larger volumes of delinquent accounts.
Pay Cash Now can provide your debt collection business with a nationwide footprint that can allow your customers to make "same day" payments in cash. Pay Cash Now can guarantee receipt of funds to you within seconds after the consumer deposits the cash in their local Pay Cash Now Cash retail location. As a Collection Agency, you can access the
Merchant Portal and view customer deposits in real time. You never have to hear "the checks in the mail" again.
Contact a Pay Cash Now account manager to learn how easy it is to implement the
Network and begin offering this additional payment service to your customers.
Key Benefits of the
Network
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Funds are 100% guaranteed at time of payment
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Ability to receive "Same Day" Payments
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Access to 60 million Unbanked Consumers
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Zero credit card chargebacks
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Zero chance of credit card fraud
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Zero risk of Bad Checks
How the Payment Collection Process Works

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