Same Day Payment Processing
It’s here! Instant, same-day funding for small dollar lending. Real-time payment processing and instant funding is available for payday loan, single-payment, installment, car title lenders and Native American tribe lenders, Borrowers today want and deserve instant gratification. Consumers whip out their phones, apply for a short term small dollar loan and receive their funds immediately. […]
eCheck Payments: What Are They & How Do They Work?
An eCheck is simply an electronic reproduction of a paper check. You are old enough to remember them, right? Here’s a refresher: An eCheck is like a paper check – but no paper. In the world of “lending to the masses,” – think payday loans, car title loans, personal small-dollar loans… – an eCheck is […]
ACH, Debit, Check-21, ICL, RCC, Same Day Processing
We have: ACH RCC RDC Check 21 Instant Funding Debit Processing for Store, Online and Tribe. No Reserves Instant Funding Bank Accounts Same Day Funding eCheckSystem.com. High-Risk Merchant Processing. Ach. Image Cash Letter Processing. Domestic CBD Merchant Processing. ICL Bank Transactions. ICL Check Processing. Since 1998, our founders have been consulting payday loan and other […]
Cannabis Banking, Debit & Credit Card Processing Solutions Available Today
Search high risk Cannabis merchant accounts, and see which ones other business owners are using most often. Do business with a company that isn’t going to give you the runaround. You want to be sure that you are presenting payment options that your customers can trust and that they find to be convenient. Convenience as well as safety and security are important for sure. Keep all of that in mind as you search out the best high risk merchant account.
Need help? Email Jer@eCheckSystem.com for Cannabis banking, credit card & debit card Cannabis processing.
How to Calculate Payday Loan APR
How Do You Calculate the APR of a Payday Loan? Divide the total loan by 100. Multiply the result by the fixed fee for every $100. Now you have the total…
Cannabis Banking, Credit Cards & Merchant Accounts
Hello Cannabis Merchant! We’re certain that you have received many offers for banking and credit card processing and you are either dissatisfied or your contact was unsuccessful at getting you approved and running. We have helped many merchants in the Cannabis, Hemp and CBD industry, with end-to-end solutions to help drive business. We understand the […]
APR FOR DEFERRED PRESENTMENT, PAYDAY LOAN, CAR TITLE LOAN TRANSACTIONS
HOW TO CALCULATE THE APR FOR PAYDAY LOAN, DEFERRED PRESENTMENT & CAR TITLE LOAN TRANSACTIONS The Annual Percentage Rate (APR) as required by the Truth-In-Lending Act (TILA) for deferred presentment transactions is calculated by multiplying the interest rate for the term by the number of terms in a 365-day year, or symbolically: (Interest Rate for […]
Bank & Processing Services for Lenders: Tribe & State Licensed
By Jer Ayles. The Business of Lending Money. We got a “bad” letter from our bank! 15 days to find another bank for our 11 year old consumer loan business. Things appeared grim. Our bank was “very sorry.” Something about “the people at Corporate…” I went nuts. “Operation Choke Point” is kaput… over… out of […]
