Loan Repayment Processing
Reduced-Rate Debit Acceptance for Loan Repayment
Visa and Mastercard both run programs that cap debit-card interchange specifically for loan repayment: built for lenders and loan servicers collecting on active, performing loans, not collection agencies working charged-off debt. PayStrm has enrolled a handful of loan servicers and credit unions directly.
Two Programs, Same Idea
Set Up Directly With the Networks
Visa Debt Repayment Interchange Program
Applies to Visa Debit and Prepaid cards used to repay auto loans, mortgages, student loans, and credit card debt.
- Rate
- 0.65% + $0.15
- Cap
- $0.65 (or $2.00 with a consumer convenience fee)
Mastercard Consumer Loans Program
Applies to Mastercard Consumer Signature Debit and Prepaid cards. Target industries: auto, student loan, mortgage, installment, and credit card lending.
- Rate
- 0.80% + $0.25
- Cap
- $2.95
Rates are set and published directly by Visa and Mastercard, and are subject to change. Current terms are confirmed as part of enrollment, not guaranteed here.
Who Actually Qualifies
Built for Performing Loans, Not Collections
Both programs are built for lenders and servicers collecting on loans that are still active and being paid, not debt that's been charged off or sold to a collection agency. That distinction is what keeps the rate this low: it's underwriting a manageable, predictable payment, not open collections.
In practice, that's meant auto lenders, student loan and mortgage servicers, and installment lenders. PayStrm also processes directly for credit unions and community banks, beyond this specific program.
Think You Qualify?
If your business collects on real, active loans, get in touch and we'll walk through enrollment directly with Visa and Mastercard.