Does Merchants Preferred pay their employees well?

According to anonymously submitted Glassdoor reviews, Merchants Preferred employees rate their compensation and benefits as 3.0 out of 5. Find out more about salaries and benefits at Merchants Preferred. This rating has been stable over the past 12 months.

How satisfied are employees working at Merchants Preferred?

62% of Merchants Preferred employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Merchants Preferred 3.0 out of 5 for work life balance, 3.4 for culture and values and 2.8 for career opportunities.

What are the top reviewed jobs at Merchants Preferred?

Collections Specialist (2) , Customer Account Specialist (2) , Customer Service Representative (2) , Underwriter (2)

What are the cons of working at Merchants Preferred according to real employee reviews?

"Long hours with no time for yourself outside of work." ((in 3 reviews))

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Merchants Preferred

Merchants Preferred Reviews

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3.2

62% would recommend to a friend

(19 total reviews)

42% positive business outlook

Ratings by category

3.4

Culture and values

3.3

Diversity and inclusion

3.0

Work/Life balance

3.0

Compensation and benefits

2.8

Senior management

2.8

Career opportunities

Merchants Preferred has an employee rating of 3.2 out of 5 stars, based on 19 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Merchants Preferred employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

19 reviews

2.0

18 Apr 2026

Good bonuses, but management creates a toxic environment

Collections specialist

Recommend

CEO approval

Business outlook

Pros

Bonuses were good and the goals weren't unattainable

Cons

Management The environment was a bit toxic and immature

4.0

20 Oct 2024

Good job

Collections specialist

Recommend

CEO approval

Business outlook

Pros

Family oriented nice benefits company events

Cons

Pay health insurance management location

3.0

19 Oct 2021

Good job, long hours

Sales manager

Recommend

CEO approval

Business outlook

Pros

Good benefits after 90 days, you get bonuses if you bring it sales, overtime is required for managers,

Cons

Long exhausting hours, sales not always guaranteed so sometimes work days are slow, and upper management is hard to reach, sales assistants (assistant managers) get less bonuses than sales managers even though they typically do the same thing as sales managers

Viewing 1 - 3 of 19 Reviews

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Merchants Preferred

Merchants Preferred Reviews

Ratings by category

Reviews by job title

Good bonuses, but management creates a toxic environment

Good job

Good job, long hours

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