Student Loan Merchant Account

Student Loan Merchant Account

Offering credit card processing student loan consolidation merchants, who otherwise will not qualify for traditional merchant account processing. We specialize in student loan consolidation merchant accounts. We have several solutions for practically any type of business in this industry category.

  • Student Loan Consolidation
  • Student Loan Forgivness
  • Student Debt Consolidation
  • Student Debt Forgiveness

Call us today or apply online. Our experienced staff will determine your specific needs and recommend a solution that meets your specific situation. We understand that one size does not fit all and can tailor your credit card processing to meet your individual needs.

The merchant account service you need for student loan modification

Student loans are essential In ensuring that students up and down the country can provide for themselves whilst they are at university. students are able to gain access to loans that are offered to them by a variety of different companies. Many students find themselves in a difficult situations due to the poor financial advice they get when told they should think about deferring payments.

Those who are involved in companies that provide students with loan support know there can be problems when trying to gain the repayments they desire due to students often wanted to extend their loans. There are thousands of students applying for university each year with acceptance rates being at an all-time high. This can make it difficult for companies who have to process each individuals single card payment. Our services enable students to pay their loan repayments without having to worry about paying by credit card or cash. Although these companies do add a percentage onto the repayments they work to serve students all across the UK, giving opportunities to individuals who may not have had the financial opportunity to ever go to university, which is something we fully support.

Modifications of students loans can often be tricky as a calculation of what has already been paid needs to also be calculated. Loan modifications can work in a variety of ways. A student can opt to extend their loan or reduce the interest rates they are paying by taking out a new loan that offers affordable interest rates for them.

What distinguishes us from our competitors?

  • Free set up process

  • The opportunity to accept transactions from both domestic and offshore accounts

  • Impeccable customer service

  • 100% support throughout your application process

  • Competitive and low fees

Is modifying a loan an easy process?

When there are constant modifications to an individual’s loan, it is difficult to keep a note of what the individual has already paid and how much they will have to pay when the change has gone through. In the past student loan companies could work by taking cash repayments, however the emergence of online payments coupled with a new generation has made it easy for students to simply repay their loans online.

In this market cash repayments are simply outdated and we can help provide individuals who may not have the access to charge people online with a high quality merchant account service that will allow you to gain repayments from the comfort of your home or office. Due to students traditionally starting university at the age of 18 online payments are essential as often they move from home and are helped out by parents who send money to their bank accounts. Our virtual platforms are safe and secure and allow your business to gain your repayment in a number of hours.

We also give you the option of creating a recurring payment, this will make sure the same amount will paid into your businesses account on the same day of the month, meaning you will no longer have to chase up busy students for the fees they owe. These virtual portals can be accessed via laptops or computers but also through the phone due to the application we developed that you can now get on the majority of mobile devices.

Why should you pick our service over competitors?

Our service differs from our competitors because of the versatility that we offer which others cannot compete with. Our gateways allow you to charge the majority of credit card providers like Visa, Mastercard and Amex meaning that individuals can chose to pay online in a variety of different ways. Many students pick the type of credit card they want based on how much they can afford to pay back, our terminals allow these credit cards to be processed.

The application process for setting up your merchant account is very easy, once you have filled in a few small details and we have your signature your application is received by our experts to see if the application should be approved or not. Also the gateways and terminals that we use are very user friendly and can be easily explained through by one of our dedicated technical advisors.

A company that offers loans to students can often provide a risky outcome because you are essentially gambling on the individuals future. This is something that we have to assess but if your company has a huge credit rating and we can see through bank statements that you have been able to deal with back charging then there is a high chance that your application will be approved. These rates are also dependent on factors such as the company history, if you are a start-up company or a small business that has seen to struggle with the repayment plans they have implemented in the past you may not be rejected by us but you would have to pay higher fees compared to an established company that can show us they have been able to pay back some of their debt.

With students wanting to travel and go to universities in other countries to experience the different cultures the world has to offer we now provide an international gateway that allows you to receive payments from those overseas. However, it is important to note that the fees that are attributed to this are considerably higher to those who are studying in the UK. Introducing the option to be able to charge individuals internationally can cause more fees for you as a business but the number of students that you can now provide loans to has become much larger.

Call us today! We look forward to working with you