Industries · Collections

One-time settlements, handled without the account freeze.

One-time settlement payments, FDCPA compliance requirements, and elevated dispute sensitivity. PayWavez underwrites collections businesses individually, so your account is built around how your business actually operates — not a generic template.

Get my collections account reviewed — 2 Minute Approval

No sales call required to apply. Free terminal placement for qualifying merchants.

How it works for collections

Built around how collections businesses actually get paid

How you get paid

Your payment pattern

One-time settlement payments, FDCPA compliance requirements, and elevated dispute sensitivity.

What we look for to get you approved

Key approval factors

Whether you’re a first-party or third-party collector, your FDCPA compliance, and average settlement size.

Application speed

About two minutes to apply

2-Minute Instant Boarding: Move through identity verification and start accepting payments in as little as two minutes.

How self-signup works

From application to accepting payments

Application

Tell us about your collections business — structure, estimated volume, and contact info. Takes about two minutes.

Underwriting Review

We review your business against the specific factors that matter for collections — not a generic checklist.

Approval & Setup

Once approved, your dedicated Merchant ID is issued and your terminal or gateway is configured and ready to take payments.

Have this ready

Documents to have on hand before you apply

Having these ready up front is the single biggest thing you can do to speed up underwriting review.

Business license
FDCPA compliance statement
Collection agency bond if state-required

Locally owned and based in Gulf Shores, Alabama — PayWavez works one-on-one with collections merchants instead of routing you through a call center.

Common questions

Frequently asked questions

How fast is approval?

2-Minute Instant Boarding: Move through identity verification and start accepting payments in as little as two minutes.

Reserve requirements because of a high dispute rate.

Collections accounts carry naturally higher dispute rates than retail, and reserve requirements — when they apply — are sized against that reality rather than treated as a penalty. Clear FDCPA-compliant documentation on every settlement is what keeps reserves reasonable.

Get my collections account reviewed

Apply online in about two minutes. No sales call, no obligation.

Apply Now

See every industry PayWavez supports on the Industries directory, including our High-Risk Specialists pages.