Get Approved for a Student Loan Consolidation Merchant Account
Relief, Forgiveness & Repayment Plans
Our Team has 20+ Years of High-Risk Payment Processing Experience
We have the largest network of high risk banks in the industry, and growing! Paydiverse has thoroughly tested numerous processing banks to understand which are the perfect fit for every high-risk merchant account category. We have a diverse array of solutions per business type unlike anyone else in the industry.
- 24-48 Hour Payouts
- Lowest Rates, Multiple Bank Approvals
- Fast Approvals
- 100% Digital Application
Secure Payment Processing
In 3 Simple Steps
Complete our quick and easy online application
Digitally sign applications using your mouse
Securely upload supporting documents
Applications are sent to all banks that have pre-approved you
Banks will review and determine a processing limit
Daily updates sent with additional documents and final approvals
Payment Gateways are activated
Gateway automatically distributes transactions across all merchant accounts
Transaction distribution minimizes risk and ensures processing security
Student Loan Consolidation Merchant Accounts
Merchants who work within this industry are best to consider processing their payments with a processing company that understands the specific needs of merchants who offer student loan consolidation. At PayDiverse, we’ve dedicated plenty of man hours to developing a thorough understanding of how student loan refinancing and student loan modification works and to understand the specific financial risks that merchants within this industry face each day. We’re pleased to offer student loan consolidation merchants the opportunity to process payments at reasonable processing rates, as well as a wide range of customized account features that contribute to reduced risks and making running any debt consolidation business simple.
Why the Student Debt Relief Business is a Risky One
If too many chargebacks like this occur, merchants run the risk of having their accounts closed or their funds frozen by their sponsor bank. In the event that an account is closed due to a high chargeback ratio, the merchant may be blacklisted and unable to open a new account, meaning that they’ll likely need to re-brand their entire business and open accounts under a new name in order to continue operations.
How PayDiverse Can Help Student Loan Consolidation Merchants
ACH/E-Check Payment Processing
Start Processing With PayDiverse
If you’re ready to begin processing credit card, debit card and e-check payments with a payment processor who knows and understands the student loan consolidation industry, simply complete our secure online application and submit your supporting documents. As soon as we’ve received all your information, we’ll work hard to approve your account within 24 hours. Upon approval, you’ll be fully set up and ready to process payments within 48 hours.
Diverse Payment Processing is Smart Processing
Fill out our free and quick merchant account application and let us match you with many banks that want your business.