When it comes to the Accounts Receivable Management (ARM) market, payment processing is not so simple. Offering consumers a variety of payment options, including online portals, text messages, and IVR, seems simple enough. Still, there's a lot going on in the background that makes those payments happen. This eBook goes through all the features and compliance that a payment processor should have to keep their ARM business operating efficiently.
ARM payments are one of the most demanding when it comes to compliance. Not only are collection agencies highly regulated, but they are also unfairly classified as a "high-risk industry" and lumped in with gambling, nutraceuticals, and cryptocurrency companies, to name a few. With that in mind, having the right payment processor is critical to keeping your revenue stream flowing. BillingTree has been proudly serving ARM businesses for nearly 20 years and has tailor-made solutions for the industry.