Lending & Debt Repayment

Lenders Should Be Able To Accept Debit Card Payments On Loans

We Work With: Merchant Payment Options


No Obligation
Rates as low as 1%

*Rates quoted as the % above normal card interchange
costs, dues, fees, and assessments.

Why Lenders Should Accept Debit Card Payments On Loans

Consumers prefer more and more to use their debit cards when paying for transactions. In a recent study by the Federal Reserve, 28% of people paid for purchases using their debit card in the last year. This type of payment option provides them with tons of convenience, which makes it the most popular mode of payment these days.

Using debit also helps individuals spend the money in their bank more wisely instead of when they use a credit card. This translates to debit cardholders as more financially responsible citizens, which makes them good loan payers.

Over the years the demand for allowing debit card payments on loans has increased drastically. Allowing borrowers to pay back their loans with their debit cards has not only made things a lot easier for them but has also had positive results for the lender. Using a debit card as a form of payment means that the lender is able to collect more payments on time, reduce losses on loan payments, see fewer amounts of default payments, and see overall revenue growth. It’s a definite win-win situation for both parties.

Lender Merchant Account


Financial institutions are hesitant to let borrowers use their debit or credit card as their mode of collecting monthly payments. This is mostly due to the dangers of gateway lending payment declines. Often because of insufficient balance in the client’s bank accounts.

However, with the lenders merchant services from eMerchant Authority, your lending business is in safe hands. You can confidently offer your clients the choice to use their debit cards to pay their auto loans or personal loans.

People love convenience. And what’s more convenient than being able to use debit cards to pay for loans? This will cut out the long application process, which will make it very appealing to people who would like to borrow money fast, especially for a short-term loan.

Also, borrowers always get to pay on time because it’s so convenient. Their monthly dues will simply be deducted from their bank account, or they can just do direct deposits to their account. No more late payments!

What Revenue Growth Can Do For Your Business

Lenders Business Revenue Merchant Account

This easy form of payment is likely to keep your customers happy. This will work out well for you because it means that they are more likely to keep their account open with you and continue going to your business for their lending needs. This will also attract more customers to your business because it is their preferred payment method. Most people don’t like having to fill out all that additional information that other payment methods require.

Allowing borrowers to pay back their loans with their debit card also takes a weight off your shoulder because payments are instant. You won’t have to wait around wondering if the payment will go through or not. This will also shorten up the amount of time borrowers spend on the phone making a payment, freeing up your business’s phone line for more clients.

Let Us Handle Your Merchant Account for Your Lending & Debt Business

The rules of payment processing are always changing, so eMerchant Authority takes care of learning the rules and regulations so you don’t have to. You can focus on your company’s needs while eMerchant Authority handles your Debt Repayment Merchant Account.

When your lending company partners with eMerchant Authority you will have access to:

Multiple Bank Merchant Solutions

Multiple banks to handle your payment processing solutions

Merchant Account API

Connect between multiple applications with API Integration

Lending & Debt Merchant Account

Interchange debt repayment support with Visa and Mastercard

Recurring Billing Merchant Account

Recurring billing cycles

Easy to Set Up Credit Card Processing

Easy to setup

High Risk Credit Card Processing

Dedicated account manager


eMerchant Authority is the leader in merchant processing for businesses of all sizes. We cater from medium to large establishments that would like to include POS systems and cashless payment transactions for their client's convenience. We also support new businesses, start-ups, and even high-risk merchants, so they can provide their customers with a secure and seamless shopping experience. Because customer satisfaction is also what we aim for.

Our services come at competitive rates, and we offer flexible payment solutions that are easy on the budget. Because we understand how financially difficult it is to be a business owner.

No cost surcharge and low-cost processing options. Latest hardware including Clover systems at unbeatable prices. We offer the perfect solution to all your retail payment system needs. Here are the unmatched benefits that you will receive when you apply for a retail 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