Check cashing businesses and payday lenders are among the most difficult industries to get merchant accounts for. We specialize in financial services merchant accounts for Texas businesses.
Check cashing businesses and payday lenders face extreme scrutiny from payment processors because of regulatory complexity, the financial services nature of the business, high fraud risk, and political pressure on the payday lending industry. Most processors won't touch these businesses. Specialized financial services merchant accounts require banks with specific compliance programs and underwriting experience in the alternative financial services space.
Square, Stripe, PayPal, and most bank processors use automated screening that flags check cashing & payday businesses based on industry code alone — before they ever look at your actual business. They'd rather decline you than take on perceived risk. We work with specialized acquiring banks who actually underwrite your specific business, not just your SIC code.
Accept debit and credit cards for fees and transactions.
Accept card payments for online check cashing or payday applications.
Electronic check processing and ACH origination for your core services.
Help navigating the application documentation for financial services accounts.
Processors who understand Texas financial services regulations and compliance requirements.
Enhanced fraud screening tools appropriate for high-risk financial transactions.
We set up high-risk merchant accounts remotely for businesses anywhere in Texas. Local to the RGV and South Texas, but we serve statewide.
Free application. No commitment. We'll tell you exactly what we can do for your check cashing & payday business before you sign anything.