86% of merchants who apply are approved. No setup fees, no hidden costs.
Get Started FreeHigh-Risk Industries · P2P Lending
Peer-to-peer lending platforms get declined by mainstream processors for predictable reasons: lending is regulated, borrowers default, and money moves in both directions. We place platforms with acquiring banks that underwrite this model deliberately, drawing on more than 20 banking partners. If a processor has already declined you or exited lending altogether, that history does not disqualify you — it tells us which banks to start with.
Be approval-ready
What P2P lending underwriters ask for
By the numbers
10,000+
Merchants approved across high-risk industries.
86%
Approval rate for the high-risk merchants who apply.
20+
Banking partners, so each application goes to a bank that accepts its industry.
$2B+
Processed annually through PayKings merchant accounts.
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Why high-risk
Three things drive the classification:
None of this prevents approval. It means your account should come from a bank that priced lending risk before you applied — not an aggregator that approves everyone and reviews lending merchants after the fact.
Platforms, not apps
Consumer payment apps move money between individuals, and the account behind them is a consumer product. A lending platform — or any peer-to-peer payment service where your business sits in the middle of the transaction — needs a business merchant account that can:
That merchant-account side is what we provide. PayKings supplies high-risk merchant accounts and payment processing for platforms — we are not a consumer app.
The same underwriting logic extends across alternative finance, from crowdfunding platforms to installment lending, and P2P lending is one of many high-risk industries we support.
Repayment rails
ACH debits for scheduled loan repayments pull directly from the borrower's bank account at a lower per-transaction cost than cards.
Recurring billing automates installment collection, so a missed payment can be flagged instead of chased by hand. Card acceptance gives borrowers a second way to pay when a bank transfer fails, which helps protect your repayment rate.
Our gateway sits between lenders, borrowers and the bank, helping keep disbursements and repayments secure.
Underwriting
Have these ready when you apply and underwriting moves faster:
The preparation is similar across lending verticals — we also place merchant accounts for payday and installment lenders, and banks request much the same documentation there.
Because we work with more than 20 banking partners experienced in alternative finance, we can match your platform to a bank that accepts your lending model and keep placement efficient even when underwriting requires additional review.
After approval
Real-time fraud screening on card payments helps catch stolen-card repayments before they settle, and verifying cardholders with 3D Secure can shift liability for authenticated transactions to the issuing bank.
Missed installments surface as ACH returns and card disputes, and banks watch both ratios. Flagging a failed payment early, then offering the borrower another way to pay, can keep many of those disputes from being filed.
Many disputed installments can also be resolved before they count against your account — our guide on how lenders keep disputed installments from becoming chargebacks covers the mechanics.
Getting set up
It takes a few minutes and starts your file.
Use the underwriting list above — complete files move fastest.
We match your platform to the banking partners that accept your lending model.
Accept card and ACH repayments and run your platform.
What's included
The difference
Built for the businesses other processors turn away.
FAQ
Answers for lending platforms comparing high-risk processors
See how PayKings supports adjacent verticals and the payment solutions that pair with them.
