Why Payday Lenders Need A MErchant ACcount
A merchant account allows online lenders to accept and process electronic payments and card transactions. It’s an important part of any kind of Internet-based business, or you won’t be able to collect payment from your customers!
Unfortunately, it’s almost impossible for online lenders to open a merchant account with big banks like Chase or Wells and Fargo, or aggregate payment processors like PayPal, Stripe and Square.
We hear a lot of stories of online lenders who go around in circles just trying to find an institution that can handle their electronic payments. They line up at the bank, and for a while they think all will be well: they fill up the application, submit the documents, and go through the usual processing time. Then, at the last moment, they find out that their application has been denied—and they have are back to square one!
That’s because these traditional institutions classify the business as high-risk. Even if you are able to squeeze through the stringent application process, once they review your business, they will automatically inform you that your account has been suspended. Before you know it, you have been removed from their server and all your transactions have become frozen. None of your credit card applications or other key transactions can go through. You—and your customers—are left hanging.
Use our fast application to get a custom tailored merchant account that fits your needs.
We Work With MErchcant Accounts For All Types of Loans
eMerchant Authority has payment processing solutions for all types of loans and accounts. This includes:
- Check drafting services
- Check cashing services
- Money orders
- Personal loans
- Student loans
- Title Loans/Title Pawns
- Payday Loans
- Business Loans
- Cash Advances/Salary Lawns
- Short-term unsecured loans
- Fringe financial services
Benefits of Working With Us
Reliable. We are one of the most trusted names in the online lending business. We have worked with many online lenders who rely on us for all their online transaction and payment processing needs.
Complete. We have a full suite of services to meet every type of loan or transaction. You never have to worry about accepting and processing electronic payments and card transactions—leave it to us, and focus on your business and your customers!
Secure. Our iron-clad security systems ensure the privacy and security of all transactions.
Fast application. You’ve wasted enough time going to banks and other traditional institutions. Rest assured that we have a simple, fast and convenient application process that does away with the frustrating red tape.
Efficient customer service. Our industry experience helps is anticipate your needs, provide relevant information, and help you make the best choices for your business. Our friendly customer service representatives are always there to help you through the process, and assist you in case you run into any problems.
Do you have any questions about how to set up a merchant account, or anything about online payment processing and account management? We’ll be happy to help!
Need A Merchant Account Quick?
WHY USE eMERCHANT AUTHORITY?
The leader in merchant processing for businesses of all sizes. No cost, surcharge and low cost processing options. Latest hardware including Clover systems at unbeatable prices.
Merchant Account Experts
20+ Proven Bank Realtionships
Medium/High Risk Accounts
Fast Merchant Account Approval
E-Commerce & Retail Options
B2B Vendors Supported
Multiple Payment Solutions
Multiple E-Commerce Gateways
ACH, E-Check, Credit Cards
B2B Level 2/3 Data Discounts
3D Secure Frictionless Checkout
Intuitive Technology & Support
Gateway Recurring Billing
E-Commerce Cart Plugins
International Merchant Accounts
Dedicated Account Managers