Payment Savvy LLC, one of the top merchant account providers in the credit, collections, accounts receivable and medical billing industries, is proud to announce that they are now offering free payment processing. As Chad Deatherage, VP of Sales noted, the new and innovative convenience fee payment processing model is designed to avoid any legal issues within the accounts receivable and consumer finance industry.
As most business owners are well-aware, there has been a lot of recent media coverage regarding convenience fees, and if they might be against CFPB, FDCPA and state laws.
“It is very unfortunate that this is occurring and businesses are being sued due to the fees that are collected on the account receivables,” explained Deatherage, adding that this situation is what inspired Payment Savvy LLC to offer the new convenience fee program.
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