9 Reasons LucentPay needs to be your new payment processor

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Payments are one of the least understood and least transparent aspects of business services. Are you looking for a partner who truly understands payment processing needs in the collection industry? Are you looking at reducing your payment processing costs? LucentPay is the industry leader in both! Our knowledge of state and federal regulations along with an industry leading platform cannot be matched. If you are looking for a partner to help you navigate the often confusing landscape of payment processing, look no further, LucentPay is here to help. Here are the top 9 reasons LucentPay needs to be your new payment processor:

  1. No-Cost-to-Biller™ - Remove your payment costs in a manner compliant with the FDCPA and other regulatory aspects. You can accept all payment types  without disruption to your current operational environment. Our platform is a proven method for agencies to accept fee-enabled payments for agent assisted payments (TEL), consumer initiated payments (WEB) and Interactive Voice Response payments (IVR).

  2. Next Day Funding - We get it, you want your money! So we give it to you the next day. That’s right, you’ll have funds deposited into the bank account of your choosing within 24 hours. No reserve required.

  3. Free Virtual Agent Web Portal - Some payment processors charge thousands of dollars for an online payment portal - ours is free! And it happens to be one of the highest adopted virtual collector in the industry. Increase your online cure rate through a branded portal providing single payments, payment plans, debt negotiation, EBPP and of course our No-Cost-to-Biller™ payments.  

  4. Lowest Industry Rates -  Businesses that are not able to take advantage of our No-Cost-to-Biller™ processing, LucentPay offers the lowest rates in the collections industry with interchange plus pricing.  Long gone are the days of discount rate pricing. If you are still on a discount rate we may be able to lower your cost by up to 20%!

  5. Multiple Banking Relationships - Most payment processors have limited banking relationships - we have depth in the roster when it comes to banking solutions to guarantee continuity in your processing. This way you can have peace of mind when it comes to your processing needs.  

  6. IVR payments - Increasing your automated payment channels is a great way to increase revenue without adding agent shifts.  Accept payments via your IVR platform (including our No-Cost-to-Biller™).

  7. Text payments - Are you looking to accept payments via text messages? We can help you with that too!

  8. Integrations - More than a payments vendor, LucentPay considers itself an implementations company. Our platform is fully integrated with partners such as Latitude, FICO, Quantrax, Applied Innovations, USAePay, NMI, Authorize.net,and many more…

  9. No setup fees or long-term contracts - We save the best for last! With LucentPay, all of our payment solutions come free of setup fees and long-term contracts.   We are a true partner in your business and offer services without the need to nickel and dime you. We want to be your payments partner for life!

LucentPay is your go-to source for payment processing and offsetting costs. We simply know more about payment needs than anyone in the debt collection industry. Give us a call today or click here to learn more!

Ken Schneider