Loan Services Merchant Account
Over the past decade, at UniBul we’ve built a solid payment processing solution for loan servicing companies. It is reliable, reasonably priced and just works. Your application is processed swiftly and the set-up is quite simple and straightforward — in fact, you have the option of keeping your existing payment gateway, if you so wish; we’ll just integrate it with our processing system. We provide loan services merchant account solutions for the following loan types:
- Boat loans.
- Business loans.
- Car loans.
- Home equity loans.
- Mortgages.
- Payday loans.
- Personal loans.
- Student loans.
We are quite flexible with our requirements. For instance, if you are looking for an additional loan services merchant account, to go along with and be used simultaneously with your existing one, we are just fine with it, so long we get enough of your processing volume to justify the effort. Just tell us precisely what you need to get from us and we will work with you to make it happen. Once we understand your needs and expectations, we will start the application process by requesting the following documentation:
- Application form. We will send it to you as part of the application package. Fill it out completely, sign it, and send back to us, along with the other paperwork listed below.
- Processing statements. We will need to have your six most recent processing statements with your existing or previous processor. In there, we will primarily be looking at four things:
- Processing volumes. Usually, loan servicing companies with higher volumes get more favorable pricing terms.
- Growth rate. We will be looking into how your processing volumes are doing: whether they are growing, declining or stagnant. Once again, businesses with growing volumes typically get better pricing terms, but of course we will be happy to work with you, even if your volumes are not increasing.
- Chargeback rate. This one will have to be firmly under control, if you are to get the best available terms. We can work with you, even if your chargeback rate is much higher than what other processors consider “excessive”, but that comes at a cost, both to us and to you. So it is in everyone’s interest to keep chargebacks low and we will help you do just that.
- Rate of declined transactions. This is an important early indicator for the overall health of your business and its chargeback potential.
- Supporting documentation. We will need you to provide paperwork that you should have readily available anyway. Such documentation will include:
- Articles / Certificate of Incorporation or a similar document.
- Copy of the principal’s passport / driver’s license or another type of a national ID card.
- Copy of your business license, if applicable.
- Voided check or a bank letter.
- The three most recent bank statements for your business.
- Recent utility bill.
- Additional paperwork. It is very probable that during the application process we will need some additional documentation and we may also ask you for an explanation of some issue or other. Be ready and follow up promptly on our requests to help us wrap up the process as quickly as possible.
The reason we are asking for what may seem as too many documents is that e loan services merchant account carries a high-risk label, with everything such a designation entails. However, we have made the application process as simple, straightforward and transparent as we could and, so long as we get your full assistance, we will achieve our objective and you will get your merchant account.
So fill out the form below, giving us some very basic details about your business, and we will respond within hours with information on what we could do for you. Once we’ve agreed on the set-up and initiated the application process, we can get you up and accepting credit cards in no time!
What Our Customers Are Saying
UniBul is ranked based on 159 user reviews.
UniBul enables American and international businesses to accept payments for the things they sell on their websites.
