Payment Processing for Payday Loan & Check Cashing
Are you in need of a credit card processing solution for your payday loan or cash advance business? Let TTG save you time and money.
TTG has been helping businesses set up merchant accounts for over a decade, and has extensive industry knowledge and experience. We deliver fast approvals at very competitive rates.
We work with brick and mortar businesses as well as online ecommerce cash advance/ payday loan providers. Unlike other credit card processors, our contracts are month to month and you, therefore, will have no early termination penalties.
TTG is a High-Risk Provider
Payday loan and check cashing or cash advance businesses fall into a category known as ‘high risk’. Although the services of these businesses are extremely important to many facing financial hardships, it can be challenging for cash advance businesses to be approved for merchant accounts, simply because of the nature of the industry. Historically, the risk lies in default on the loan, bad checks or charge backs to credit cards.
At TTG, we specialize in high-risk merchant account services. With our network of banking partners, we are able to deliver credit card processing services to nearly all business types, including businesses that offer payday loans and cash advances to their customers.
In most cases, we can have businesses approved and set up to take credit cards in as little as two business days.
Even if your payday loan business is just getting off the ground and you do not have a credit card processing history, or even if you’ve had credit challenges, we can get you approved.
Shopping for a Better Rate?
If you already have a merchant account for your cash advance loan or check cashing business and are shopping for a better rate, email a recent statement to sales@thetransactiongroup.net. Chances are we can save you as much as 20% over your current credit card processor.
Get Started Today
If you’re ready to start accepting credit cards to provide cash advance loans, click ‘Apply Now’ and complete our easy application. As soon as we receive your information, we start the approval process. We look forward to hearing from you.
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Are you shopping for a better rate? Let us save you money!
Most merchants are unaware that interchange rates are adjusted as much as 2x per year. Over the course of several years, those adjustments can hike up a merchant’s rate and cost the merchant thousands in processing fees. Contact us via the form above, or call us today at 888-383-8056. Chances are, we can save you up to 25% over your existing rates and fees!
Why do businesses choose to work with The Transaction Group?
- We aim for 100% customer satisfaction. We understand that the customer comes first. At the end of the day, if the customer is not happy, we’re not happy.
- We offer a FREE rate analysis to every business. In most cases, we can save a business up to 25% on existing rates and fees. But if we can’t beat a customer’s rate, we’re upfront from the start. We don’t waste the customer’s time.
- We are reliable and always available. If a customer has any concerns, we’re available even after business hours. We’ll address any issues immediately.
- We don’t believe in one-size-fits-all.We provide solutions based on the specific requirements of each and every business. What’s best for one small business may not work for another.
- We have a fast & easy setup process. In most cases, we offer a fast and easy approval and set up. While some high risk businesses can have longer underwriting times, we keep the customer informed throughout the process and work for fast approvals.
- We have solutions for every business type. From low-risk card-present credit card processing solutions to payment processing solutions for high risk e-commerce stores, we’ve got it all.
