The Evolution of Payments

Historically, onboarding with a payment gateway was a cumbersome process. It involved mountains of physical paperwork, months of underwriting with sponsor banks, opaque pricing structures, and hefty setup fees.

Many legacy payment gateways still cling to outdated APIs and clunky payment portals that leave users frustrated and confused.

Innovative providers like Stripe have simplified merchant onboarding with intuitive portals and robust APIs for quick integrations. However, Stripe comes with significant limitations.

The Pitfalls of Stripe for Financial Services

While Stripe has helped merchants streamline payments, it isn’t designed for financial services companies like lenders, BNPL providers, or POS financing platforms. Stripe considers these industries “high risk” and compliance-heavy, making them unviable for its business model.

Lenders often start with Stripe, only to find themselves shut down when identified as a “prohibited industry.” Funds are frozen—sometimes for months—creating cashflow nightmares and potentially life-or-death scenarios for businesses.

For small businesses and lenders, Stripe’s lack of human support during critical issues exacerbates the problem. Moreover, its rigid fee structures become unsustainable as businesses scale, with little room for negotiation.

Why Payliance is Different

Payliance is purpose-built for lenders and banks. Their digital-first approach eliminates physical paperwork, offering a fast, fully digitized onboarding experience. Payliance provides versatile payment solutions, including:

• ACH (Automated Clearing House): Credit and debit payments directly from checking accounts.

• Debit Card Processing: Real-time push payments to demand deposit accounts (DDA) and seamless payment draws.

• Mobile Payment Solutions: Allowing customers to make payments effortlessly from their mobile devices.

With Payliance, lenders and banks can push and pull payments in real time, delivering exceptional customer service and improving cashflow predictability.

Why Real-Time Payments Are a Must for Lenders

Today’s consumers and small businesses demand instant access to credit. Real-time payments ensure applicants receive approved funds when they need them most—whether resolving personal emergencies or securing inventory and vendor payments. Delays can disrupt business opportunities and negatively impact lives.

On the collection side, lenders need real-time visibility into loan repayments to optimize cashflow and redeploy funds quickly to new borrowers.

FedNow Real-Time ACH is revolutionizing payments in the U.S., offering a lower-cost alternative to traditional debit rails. While adoption is still in its early stages, it represents a critical step forward for lenders seeking real-time capabilities.

Ready to Get Started?

LendAPI and Payliance are thrilled to announce a new integration milestone. If you’re a lender, merchant, or small business owner looking to launch your own BNPL program, we’re here to help.

Our combined solution enables seamless applicant onboarding, integrated directly into your website or POS system. With LendAPI’s integration with Payliance, accepting payments—whether via credit card, debit card, or ACH—has never been easier.

Take the next step:
Visit www.payliance.com and www.lendapi.com to learn how we can launch your BNPL platform in just days. Explore our partnership page at: https://payliance.com/partner-page-lendapi.

About Payliance

Payliance provides comprehensive payment processing solutions tailored for lending, accounts receivable management, eCommerce, and online gaming. Their platform streamlines ACH, card, and check-based payments, minimizes processing costs, and reduces fraud risks. Payliance also offers sophisticated verification tools and recovery solutions to enhance collection rates efficiently. With a proven track record, they process over $50B annually and serve 40K+ merchants. Their Payments-as-a-Service (PaaS) approach supports scalable and compliant financial operations for businesses.

For more details, visit: Payliance.

About LendAPI

LendAPI is the premier digital onboarding platform for banks, offering an integrated suite of tools including Product Studio, Rules Studio, Pricing Engine, Integration Marketplace, and Variable Studio. These tools work seamlessly together, enabling banks and fintechs to launch products with just a few clicks.

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