Profit Recovery (Collections)

 

***GET YOUR MONEY BACK FROM PAST DUE ACCOUNTS QUICKLY AND EFFICIENTLY FOR UNDER $12.00/ACCOUNT***


It is not only important for merchants to consider how they can make more money through various revenue producing avenues but also how to keep the money that is coming into the business through sales.  The simple answer to this is profit recovery, otherwise known as collections.  Worldwide Merchant Solutions, Inc. offers profit recovery services through their service providing partner which has more than 50 years in the profit recovery business.  This national company is able to collect in the fifty states and offers bonded, licensed service to our customers.  The following facts pinpoint the reasons why profit recovery services are needed by merchants, large and small:

  • The Federal Reserve notes that consumer debt has increased to approximately $2.4 trillion dollars

  • Bankruptcy filings throughout the United States have made a 30% jump in one year, comparing statistics between January 2007 and January 2008

  • Consumers who are late in paying the merchants cause several problems for the business owner including raising cost and lowering the available business cash reserve

  • 45% of small business owners state that lack of payments received by their customers is one of their most significant payment concerns

  • Merchants express confusion with local, state and federal collections laws which can often hinder the collections process via the court system

  • The longer it takes to collect past payments from a customer, the less likely it is that the money will ever be recovered

 

Reasons to Enlist the Help of a Profit Recovery Service

 There are many good reasons to enlist the help of a profit recovery service in order to get debt collections under way.  One of the top reasons is that many business owners are not familiar with the laws in their state which pertain to collection issues.  With a debt collection agency, these individuals are well versed in the area of profit recovery and therefore know just how to go about getting the business owner's money back in a legal and timely manner.

 An additional reason to obtain a debt collection agency to collect past due amounts from customers relates to the location of the customers.  Since not all customers reside in the state in which your business is located, collecting from out of state customers makes the job even more difficult.  Profit recovery services can easily gain access to customers throughout the country and they are licensed in all 50 states and know the laws pertaining to each state. 

Lastly, few merchants have the time and energy to expend on profit recovery on their own.  The profit recovery process takes time to write letters, enlist legal help and engage in other facets of the collections process.  By hiring a collections service to do the work, the merchant can pay a reasonable fee and then get on with running their business while the collections process is undertaken by an independent business partner.  

Delinquent Accounts Cost YOU, the Merchant, Money

It is important to realize just how much money those delinquent accounts within your business are costing you each year.  A company that experiences a $50,000 loss per year and has an 8% profit margin must make an extra $625,000 in sales in order to offset such loss.  This is a heavy burden for merchants to have on their shoulders each year.  The good news is that profit recovery services can make these delinquent accounts a thing of the past and allow you to focus on your new sales.

 

Services Available Through Worldwide Merchant Solutions, Inc.

We offer a number of useful profit recovery services executed by our profit recovery partner which will get your past due accounts brought current and put more money back into your pocket where it belongs.  These collection services include the following:

  • Strategy I - Written demands
  • Strategy II - Verbal demands
  • Strategy I & II - Most PERSUASIVE and commonly used program

 Strategy I - Written Demands

  • Online account system provides 24/7 updated status
  • Payments made directly to your business thereby getting your money back to you in a quick and efficient manner
  • Complies with all state and federal laws
  • YOU control the process

 Strategy II - Verbal Demands

  • Add more persistence to your profit recovery demands through verbal communication
  • You pay ONLY if your funds are collected - contingency based agreement
  • Collections specialists will comply with both state and federal regulations including FDCPA, GLB, FCRA and HIPAA
  • Combine with Strategy I for more effective demands

 Put Your Company Back in Control of Your Payment Situation

By acquiring these profit recovery services through our company you are putting yourself back in control of the situation and taking what is rightfully yours back from the holdout customer.  By using the online access, you will control what service is initiated and when it is done.  In addition, you are able to access and manage your online account 24 hours a day, 7 days a week.  New profit recovery customers can be added to the system as they arise or in a batch containing multiple customers.  Using this service allows you to record payments received, view activity as it occurs, obtain performance reports, change profit recovery services or add new services onto your existing account and last but not least, close out the account when collections services are no longer needed. 

Call Worldwide Merchant Solutions, Inc. TODAY to find out how to get YOUR money back as easily and quickly as possible.  We can be reached via telephone at (805) 857-5428 or email at Sales@worldwidemsi.com.