How To Get A Payday Loan Merchant Account

Title loans, payday loans, and other cash advances and short-term loans can help them raise cash for financial emergencies, even if they don’t have a good credit history.  However, these online lenders need a reliable way of managing their accounts and collecting payments. That’s how eMerchant Authority can help.

We Work With: Merchant Payment Options

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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.

A Trusted, Reliable, Source for Payday Loan Merchant Accounts

Stop this wild goose chase. Go to one of the most trusted companies for payday loan merchant accounts: eMerchant Authority.

eMerchant Authority has been providing payday lenders with complete and convenient merchant account services. We understand the needs of the industry, and the challenges you have faced. We know you’re tired of the red tape and the circular process of collecting documents and signatures, and you’ll be happy to never have to step into a bank again.

That is why we have simplified our application process to minimize delays and inconvenience. You can count on our industry experience, wide selection of services, and friendly customer service—and get your payday loan merchant account as soon as possible!

Instant Approval for Credit Card Processing Loan Merchant Account

One of the common questions we get from payday loan merchants is if they can get an instant approval for their credit card processing loan merchant account. As a payment processor offering an online loan payment solution for many years, we can assure you that there is nothing like instant approval for high-risk merchant accounts.

Credit card processors who make the promise of offering instant approval on loans on credit card processing merchant accounts are only out to deceive you. Approval for high-risk merchant accounts, such as credit card processing loans accounts, usually takes more than one business day. Usually, they take a minimum of 3 to 5 business days to be approved. In some instances, the process can stretch to a few weeks. The reason for the long approval process is that your account has to go through a two-step vetting process done by your payment provider and the acquiring bank.

Fortunately, there are a few measures you can take to ensure your credit card processing loan account approval doesn’t stretch for weeks. First, work with a credit card payments provider with plenty of experience in your industry. Such a provider will ensure your paperwork is in order so you can avoid unnecessary account application delays. At eMerchant Authority, we have plenty of experience working with businesses that deal with short-term online loans.

Further, being open about your business history can help get your account approved fast. Be honest about your business cash flow and operations, and let us deal with the risks involved.  Falsifying documents or misrepresenting facts will not only delay the application process but can also permanently bar you from opening a high-risk merchant account.

Don’t also forget to provide all the documentation needed during the application process. Providing credit card transactions and bank statements, among other document requirements, helps eliminate back and forth clarification delays.

eMerchant Authority vs. Traditional Banks

Big banks and institutions don’t understand the online lending industry, which is why they classify your business as high risk. Even if you are an established and profitable business, their systems are designed to flag an excessive number of chargebacks (also called the chargeback ratio). They will even slap a fine on an account or bill that exceeds 2% in chargebacks. However, this is a typical occurrence in payday loans, so on the off-chance that you are approved, it will cost you a lot. And as we said earlier, once they notice that this happens often, your account will be closed without any notice—and bring your business to a halt.  

Credit card companies like Mastercard, Visa and American Express shy away from chargebacks because they see it as a risk for financial loss. And in the eyes of traditional financial institutions, your customers—people who are in dire need of money because of a financial emergency—are automatically considered a risk.

On the other hand, eMerchant Authority specializes in setting up merchant accounts for online lenders. We have worked with many businesses, and understand the services you provide—from cash advances, title loans, short-term loans, and everything in between.

We can become your reliable payment processing partner. Unlike these banks, we won’t slap you with unreasonable fines or close your account. We won’t ask you to shoulder the fees of your customers. We won’t question your business practices—in fact, all our packages are designed to support your business and make your daily operations much, much easier.

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
  • Moneygrams
  • 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?


eMerchant Authority prides itself in being a leader when it comes to the provision of merchant account solutions. We provide merchant account services for both low and high-risk businesses.
Our services are secure and reliable.

Besides, we understand just how financially difficult it is to become a business owner. This is why when you partner with us you also enjoy transparent pricing with no long-term contracts or hidden fees.
Whether you’re a startup or an established business, you can count on us to provide you with a perfect merchant service solution with the latest hardware and software tools such as Clover systems that are perfect for your retail payment needs.

And because customer satisfaction is what we aim for, we offer ongoing support to all our customers. Our 24/7 customer support team is always on call to answer your questions and attend to your needs.
Still interested?

Here are other additional benefits that you receive when you apply for an internet merchant account with eMerchant Authority.

Merchant Processing

Merchant Account Experts

20+ Proven Bank Relationships
Medium/High-Risk Accounts
Fast Merchant Account Approval
E-Commerce & Retail Options
B2B Vendors Supported

Multiple Payment Processing

Multiple Payment Solutions

Multiple E-Commerce Gateways
Chargeback Prevention
ACH, E-Check, Credit Cards
B2B Level 2/3 Data Discounts
3D Secure Frictionless Checkout
Mobile Payments
EMV Readers

Merchant Processing Technology

Intuitive Technology & Support

Gateway Recurring Billing
E-Commerce Cart Plugins
International Merchant Accounts
Dedicated Account Managers