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Payment Processing

Leasing

Whether it’s construction equipment, vehicles, homes or more, a leasing company can generate a lot of income for your business. When done right, the collections process can be streamlined, making it easy for customers to pay each month while letting you stay on top of payments. By providing your customers with the right payment gateway, your leasing company can efficiently manage projects, capital expenditures, and online payments.

Payment Solution Advantages in a Leasing Company

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As a leasing company, you want your customers to be able to pay in the easiest way possible. Using an online payment system allows your clients to make payments with their debit or credit card in a secure manner. Here are some key features when looking for an optimal payment processing solution for your leasing company.

Instant Processing

  • While mailing checks make processing payments take longer, card processing is instant. All your users have to do is enter their payment information, and our processor will automatically handle the rest without needing to worry about bounced checks or interceptions. This means that not only will you get paid quicker, but your customers will have an easier way to pay you.
Automatic Payments

  • With an online payment solution, customers can set up automatic payments while leasing from your business. After filling out their information, they have the option to set up recurring payments, that way they don’t have to worry about entering their card each month. This feature is not only helpful for busy customers, but also ensures that you will receive timely payments.
Secure Transactions

  • Our platform follows PCI compliance for credit card payment security. As the owner, you want your customers to feel secure when using their card to make payments. With our payment processor, you’ll be able to safely lease anything without the fear of a transaction going wrong.
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Why Leasing is Considered High Risk?

A leasing company is seen as high-risk due to the amount of chargebacks and fraudulent claims that are associated with the industry. Since you’ll be leasing out to several different individuals, many banks see that as risky too, since you could go without stable payments in the event of economic disruption. Because of these factors, finding the right online payment processor is important to do effective business with your customers. 

We at AllayPay go out of our way to ensure hard to place leasing merchants obtain credit card processing and other merchant services they need to be successful.

For over 5 years, AllayPay has been one of the top providers of merchant accounts for leasing businesses. It doesn’t just stop at the approval process. AllayPay will ensure you have access to the latest software solutions and tools to help grow faster in this multi-billion dollar industry. This includes providing gateways that will automatically load balance your volume should you choose to have multiple processing accounts. We also have cash discount and surcharging options available for merchants looking to save thousands each year over their existing merchant provider. What are you waiting for? Contact us today!

How to Apply for a Leasing Merchant Account

To apply and get approved for a leasing merchant account with AllayPay, you’ll need specific documentation to begin your application process. Here is what you’ll need:

  • Driver’s license, or valid government ID
  • Last 3 Months’ Business Bank Statements, if available
  • Last 3 Months’ Processing Bank Statements, if available
  • Additional support may be requested
Apply Today!
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How AllayPay Can Help

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Getting access to several markets will be a top priority for your business. With AllayPay, we know the industry and can integrate a payment gateway that will work for you.
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Most merchant accounts you try to set up will have a long process, only just to be turned down at the end because you’re a leasing company.
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When you have a partner like AllayPay who understands the industry, we’ll help you so you don’t have to bend over backwards to set up your account.
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Within 24-48 hours, we’ll be able to integrate our payment process platform with any third party gateway, so you can get your business up and running as quickly as possible.
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Not only that, but we stay up-to-date on all compliances and rules set by the bank to ensure your account doesn’t get shut down.
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Starting Your Payment Approval Process with AllayPay

Getting started with AllayPay takes only a few simple steps. By following these instructions, you’ll be on your path to leasing properties and equipment to your customers.

  1. Fill out the quick pre-application form online.
  2. Our sales representative will get in contact with you immediately to finish your application process.
  3. Take a break while underwriting does its process. This typically takes about 24-48 hours.
  4. After our staff has approved your application, we’ll contact you to get started on setting up your payment gateway and card present merchant account for your business.
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Process With Us Today

Don’t waste any more time trying to find the right solution. Regardless of your industry, poor credit, or lack of payment processing history, we’ll work with you to get you on track for quick and efficient payment processes.

Apply Now