Payday Loan Payment Processing Solutions

Payday Loan Payment Processing


      The stigma surrounding payday loan entities often leads to instant disqualification when it comes to receiving merchant services. At Payment Savvy, we are payday loan merchant account experts and have personalized our savvy suite of payment solutions designed to cater to your industry. We offer all-in-done merchant solutions – if you need a credit card, debit card, or ACH payment portal – we have a proven, compliant, and secure payment service to meet your organizational needs. Whether offering business loans, cash advances, check cashing, personal loans, title loans, or short-term unsecured loans, our team of experts will provide you with a custom and innovative merchant solution.

      Payday lenders are considered high-risk and not supported by traditional banks for payment processing. As trying as this can be, especially if running an establishing and reputable business, there are a few common characteristics that define a high-risk venture:

      • Servicing customers prone to fraud or returns
      • A negative perception of the industry as a whole
      • Relatively high chargeback rate (over 1% monthly)
      • High traffic with large ticket sales
      • Highly-regulated industry

      Since 2010, Payment Savvy has been a pioneering leader in providing electronic payment processing for payday loan entities, including the following business types:

      • Business Loans
      • Personal Loans
      • Short-Term Unsecured Loans
      • Title Loans
      • Check Cashing Services

      Due to our expertise and esteemed banking relationships curated over time, our standing within the consumer finance industry is unbeaten when it comes to payments. When partnering with Payment Savvy, expect to receive solutions that get you paid. We are proud to offer Level 1 PCI complaint payments systems that are scalable over time. Looking to add IVR, pay by text, or even web payments into your lending institution over time? Rest assured, we can grow with your business.


      We understand the perils involved with risky business models. We also are aware of the complications your company faces by not being able to accept electronic payments.  Finding a reputable merchant service provider on board with your business goals as a high-risk merchant is not easy.

      While many providers take advantage of your situation by knowing your merchant account options are limited, Payment Savvy avoids swindling tactics and hiked up rates. We believe in your potential to succeed and are proud to offer fully integrated and custom-tailored merchant solutions for your payday loan establishment.

      We provide a wide range of payment processing services that allow your business to run efficiently:

      • Speedy, efficient, and secure payment processing
      • Always on-call knowledgeable support team
      • Proven track record of approving payday loan institutions
      • Advanced chargeback protection programs
      • No contract terms or cancellation fees
      • Real-time reporting


      Payment Savvy allows you to stay ahead of the curve with pioneering payday loan payment processing ideally suited for your business. Let us create a tailored payment acceptance that meets your company’s current needs and future goals.

      Ensuring you receive money in a fast, secure, and streamlined manner is our #1 job. When your business gets paid, life is perfect! Reach out to Payment Savvy today to speak with a knowledgeable team member and start taking control of your payment processing. We look forward to a long and productive relationship!

      Chad Deatherage

      Chad Deatherage

      Chad is a serial entrepreneur and founded Payment Savvy in 2011 armed with the goal of providing high-risk establishments with a pioneering and tailored payment processing solution that allows them to flourish. Having decades of knowledge in the financial services and debt recovery industries, he ensures every client receives the same level of expertise, resourcefulness, and strategic vision no matter the size of the organization. Always willing to push the envelope, Chad’s forward-thinking and leadership skills are responsible for Payment Savvy being on the map as an industry-leading payment processor.