Payment Processing for Short-Term Lender Businesses
PayDiverse provides merchant account underwriting and payment processing infrastructure for licensed short-term lending businesses operating under applicable state and federal regulations.
PayDiverse is not a lender. We do not originate, service, or collect on consumer loans. We provide B2B payment processing infrastructure to registered lending businesses.
Specialized processing for licensed lenders
Short-term lending merchants operate under MCC 6051 / 6012 and are declined by most standard acquirers due to elevated chargeback ratios and ACH return rates. PayDiverse maintains sponsor bank relationships that underwrite this MCC.
What we provide to merchants
- Merchant account placement with sponsor banks underwriting short-term lending MCCs
- ACH processing with same-day and next-day settlement options
- Card-not-present payment gateway integration
- Multi-bank routing
- Real-time chargeback alerts and dispute representment
- Compliance-aware underwriting team
Underwriting requirements
- Registered US business with all applicable state lending licenses
- Compliance with applicable federal regulations (TILA, EFTA, MLA where applicable)
- Voided business check, three months of bank statements, recent processing statements
- Loan agreement template for review
- Articles of incorporation and EIN
Apply for a merchant account
Applications are reviewed within 2–3 business days. For licensed lending businesses only.