REPAY Instant Funding

REPAY Instant Funding
  • Instant Funding enables Lenders to send loan disbursements to qualified Borrowers within seconds of submission in most cases (and within two hours of submission for Bank of America).
     
  • REPAY Instant Funding service uses various EFT networks and direct bank relationships to send funds to domestic bank accounts.
  • Once a Borrower provides their debit card number, REPAY’s Instant Funding service confirms immediately whether the card is eligible to receive Instant Funding transactions.
  • REPAY provides a secure, encrypted, PCI compliant environment to capture Borrower’s debit card or ATM card information and then processes Instant Funding transactions upon Lender instructions.
  • REPAY Card Services then gives the Lender the ability to store funded card information for future repayment.
*Starting in Q1 of 2014 direct processing with Chase Bank, Citi Bank and Mastercard
Benefits