Repay
Secure Payments is integrated with Repay Payment Solutions, which allows customers to process payment and funding transactions from bank accounts and cards, including same-day ACH. Once you have an account with Repay, you can create Repay payment processors. You will then be able to use Repay to take payments and fund loans.
Two quick things to note about using Repay:
- By default, Repay will expect a bank card's security code. Secure Payments doesn't save the code in order to maintain PCI Compliance, so when signing up for Repay, make sure they turn off the security code requirement or you'll get errors when processing payments.
- When processing an ACH payment through Repay, transaction statuses are not updated automatically. This means that the status won't change in LMS when the payment succeeds and funds settle to your bank account. This means lenders need to either use Repay's webhook tool to send updates back to LMS or update statuses manually.
Setup
LMS UI
You must be signed up with Repay in order to set up a payment processor in LMS. To do this, navigate to Settings > Company > Merchant > Secure Payments.
You can create your Repay processor under either the Debit/Credit Card tab or the Bank Account/ACH (USA) tab; LMS will automatically create another processor under the other. In either tab, click ‘Add Processor'.
Choose 'Repay' under the processor type drop-down selection. Then, you'll enter the following information:
| Field | Description |
| Name | The name of the processor. You can create more than one processor, and this name will help you distinguish this processor from others you may create. |
| Subdomain | Your Repay Subdomain |
| App Token | Your Repay App Token |
| Convenience Fee | The amount of the convenience fee in your REPAY account. |
| Card funding fields | This information will be provided by Repay. |
| ACH funding fields | This information will be provided by Repay. |
| Enhanced Funding transactions mode | You can choose to have Repay process transactions in Production or Sandbox mode. |
| Default | If set to yes, this processor will become your default credit/debit card processor. |
| Auto Reversal | If set to yes, charged-back payments will automatically be reversed in LoanPro. |
Once you enter the information, click ‘Save’. The system will actually save two processors: one for bank cards and one for ACH. Both will have the settings you just entered, but they'll have distinct IDs in the system, which is significant when logging payments or funding transactions through the API.
Secure Payments UI
To create a Repay payment processor inside of Secure Payments, navigate to Processors > Bank Card or Bank Account/ACH (USA). Find ‘Repay' and click the plus sign to Add/Edit a Repay payment processor.
You'll see the following fields:
| Field | Description |
| Name | The name of the processor. You can create more than one processor, and this name will help you distinguish this processor from others you may create. |
| Subdomain | Your Repay Subdomain |
| App Token | Your Repay App Token |
| Convenience Fee | The amount of the convenience fee in your REPAY account. |
| Card funding fields | This information will be provided by Repay. |
| ACH funding fields | This information will be provided by Repay. |
| Same Day ACH | Allows Same Day ACH processing. If enabled, options to set Same Day Cutoff Time and Same Day Time Zone will appear. |
| Funding transactions mode | You can choose to have Repay process transactions in Production or Sandbox mode. |
Once you enter the information, click ‘Save’. The system will actually save two processors: one for bank cards and one for ACH. Both will have the settings you just entered, but they'll have distinct IDs in the system, which is significant when logging payments or funding transactions through the API.
Once you've created an account with your chosen payment processor, you're ready to start logging payments.
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