LoanPro is integrated with TabaPay, a processor that can handle bank card payments and funding transactions. TabaPay's competitive advantage over other card processors is that they can often process credit transactions through debit channels, making the transactions cheaper.

Getting approved with TabaPay

Payment processors do their processing through an ODFI (originating depository financial institution, read "bank"). The ODFI will have certain criteria you must meet in order to process payments. Because of this, there is a 2-4 week underwriting period, during which you will need to submit documentation about your business to TabaPay.

Unfortunately, there is nothing LoanPro or TabaPay can do to speed this process up, because it is a requirement of the ODFI. Whether signing up for TabaPay or any other processor, we recommend you start the process at least a month before you plan to receive payments through them.

Setup

Since LoanPro uses Secure Payments for payment processing, you can set up a new TabaPay processor in either LMS or Secure Payments. No matter where you set it up, they will link to each other. 

From LMS

To create a new credit card processor in the LMS, navigate to Settings > Company > Merchant > Secure Payments in your LoanPro account.

Navigate to the Debit/Credit Card tab. The 'Add Processor' button is at the top of the list, but you can scroll down past other integrated payment processors listed to find all of your TabaPay processors.

 Whether you add a new one or edit an existing one, the window looks the same:

From the "Processor Type" drop-down, select TabaPay, then enter the information from your TabaPay account.

Option	Description
Processor Name	This is a name you will assign to this processor to distinguish it from other TabaPay processors you may create. You can enter whatever you like so long as the name is unique.
Client ID	This is your client ID with TabaPay (e.g. jNNiQsqTOBdOnyDkvxop)
Settlement Account	This is the ID of the account to which funds will settle. This ID will come from TabaPay (e.g. DAuNqxRWf70D9A)
Bearer Token	This is an authentication token given to you by TabaPay (e.g. A8f3lfDBz9EFsc23dkxeL24FaN)

Once you have entered your information, scroll down to enter the settings for this processor.

Once the information is entered and correct, click 'Save'.

You will now have the option to process payments using TabaPay.

 

 

From Secure Payments

You can also set up processors within Secure Payments. Log in, then navigate to Processors > Bank Card > TabaPay. To add a TabaPay processor, Click the plus button on the top right and of the page and enter the information from your TabaPay account.

Here you'll see a full list of processors, which shows whether the sandbox setting is turned on or off. 

You'll see the following fields:

Option	Description
Name	This is a name you will assign to this processor to distinguish it from other TabaPay processors you may create. You can enter whatever you like so long as the name is unique.
Client ID	This is your client ID with TabaPay (e.g. jNNiQsqTOBdOnyDkvxop)
Settlement Account	This is the ID of the account to which funds will settle. This ID will come from TabaPay (e.g. DAuNqxRWf70D9A)
Bearer Token	This is an authentication token given to you by TabaPay (e.g. A8f3lfDBz9EFsc23dkxeL24FaN)
Sandbox	You can choose for the processor to be in Production or Sandbox mode.

 

 

Working with TabaPay

You can also use the API to create and use TabaPay processors. If you are interested in learning how to do so, we have a few articles that explain the process. For information on creating and processing payments with a TabaPay processor, visit our API documentation.

Once you've got your processor set up in LMS, you'll be able to select that processor when logging payments. Our logging payments article gives you the step by step instructions.