Financial services
Online Lending merchant accounts, placed with banks that write the category.
Needs a bank that writes the category on purpose. Roughly 5–10 business days, a dedicated gateway, and usually a reserve.
The underwriting objection
Why banks flinch at this category.
Lenders move money both directions, which turns a payment account into a money-transmission question banks take seriously. Repayment collection from borrowers who defaulted generates disputes, and state rate caps vary widely. The licensing file matters more than the processing volume.
Recommended setup
- Gateway
- High-risk gateway with ACH origination and recurring drafts
- Settlement rail
- ACH primary, card for permitted fee types
- Reserve expectation
- Reserve expected
- Equipment
- API integration into your loan management system
What we actually do
How we get this file boarded and keep it boarded.
Specific to your category — not a generic high-risk brochure.
State lending license review and disclosure of which states you lend in
ACH origination for disbursement and repayment — the correct rail for loan servicing
Card acceptance for fees and payoffs where card-brand rules permit it
Repayment authorization records logged so disputed drafts can be defended
The process
Four steps, no mystery.
For online lending, the honest window is: 10 business days or more; licensing review drives the clock.
- 1
Call or send the form
Fifteen minutes. We confirm the category is one we can place and tell you which documents matter for your file specifically.
- 2
Document package
You gather statements, IDs and any category paperwork. This is the step that decides your timeline — a complete package moves fast.
- 3
Multi-bank submission
We submit to the banks that write your category, in the order most likely to approve on the best terms. Declines get diagnosed, not repeated.
- 4
Board and monitor
Gateway configured, equipment shipped or checkout integrated, chargeback alerts on. Then we watch your ratio and go back for better terms once history proves out.
Accounts placed through our processor and banking network
Free statement analysis
Get a online lending account underwritten properly.
One application, submitted to the banks that write your category. If your current account is frozen or at risk, tell us on the form and we will work speed first.
Terrab Solutions is a registered agent/ISO partner. Rates and approval subject to underwriting. Estimates are not a binding quote.
Straight answers
Online lending questions
10 business days or more; licensing review drives the clock
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