The experienced partner you need for debt repayment.

EPX is the unified, stable, and secure processing platform with end-to-end payment solutions for merchants, banks, ISOs, and franchises around the world. For nearly 40 years, we’ve been at the forefront of the industry with superior security standards, patented technologies, and exceptional customer service. Now, we’re continuing to lead the way with our industry-best Debt Repayment Program.

EPX offers debt repayment solutions for both Visa and Mastercard, meaning our program can provide cost savings across the two most widely used card brands in the market! Don't settle for only offering your customers one card brand to pay with, offer both.

Visa icon

About our Visa Debt Repayment Program.

This innovative program provides interchange incentives to certain types of merchants for accepting loan payments via unregulated Visa Debit (and prepaid) cards. The program allows merchants to charge an optional convenience fee of up to $4.99 for each transaction to help you cover your costs. Visa’s Program details are as follows:

Checkmark icon
Special Interchange Rate on unregulated Visa Debit: 0.65% plus $0.15.
Checkmark icon
Regulated Debit remains as is: 0.05% plus $0.22.
Checkmark icon
You can charge an optional convenience fee to the cardholder if less than $5.00.
Checkmark icon
Best of all: Interchange fees are capped (regardless of how large the payment amount is) at $0.65, or $2.00 if convenience fee is applied.
Mastercard icon

About our Mastercard Consumer Loan Repayment Program.

Similar to the Visa program, the Mastercard Consumer Loan Repayment Program offers the following benefits for accepting unregulated Mastercard Debit (and prepaid) cards:

Checkmark icon
Special interchange rate on unregulated Consumer Signature Debit and Consumer Signature Prepaid of 0.80% plus USD $0.25.
Checkmark icon
Interchange fees are capped -- regardless of how large the payment amount is -- at USD $2.95.
Checkmark icon
A convenience fee can be charged to the cardholder if not more than USD $4.95.

Program Savings

Visa Interchange fees.

The table below shows the interchange costs for the Visa Debt Repayment program, based on several example payment sizes. Remember, for qualifying transactions in the Visa program, Interchange will never cost you more than $0.65 (or $2.00 if a convenience fee is applied), regardless of how large the payment amount is.

Example Payment Size
Description $100 $500 $10,000

Regulated Debit*
interchange cost
(this is the maximum cost of debit card acceptance, since not all cards will be regulated)
0.05% plus $0.22

$0.27 $0.47 $5.22

Unregulated Debit
interchange cost
(the cost without the Visa Plan)
1.65% plus $0.15
(varies ~ up to this amount)

$1.80 $8.40 $24.75

Visa Debt Repayment Program
interchange cost**
0.65% plus $0.15

$0.65
or
$0.80
(if convenience fee applied)
$0.65
or
$2.00
(if convenience fee applied)
$0.65
or
$2.00
(if convenience fee applied)

Visa Debt Repayment Program
interchange cost**
0.65% plus $0.15

$4.19 $2.99 $2.99
*Regulated debit refers to debite/prepaid cards issued by banks with at least $10B in assets.
**All fee calculations shown are exclusive to EPX processing fee.

Mastercard Interchange fees.

The table below shows the interchange costs for the Mastercard Consumer Loan (Debt Repayment) program, based on several example payment sizes. For qualifying transactions in the Mastercard program, Interchange will never cost you more than $2.95, regardless of how large the payment amount is.

Example Payment Size
Description $100 $500 $10,000

Regulated Debit**
interchange cost
(this is the maximum cost of debit card acceptance, since not all cards will be unregulated)
0.05% plus $0.22

$0.27 $0.47 $5.22

Unregulated Debit
interchange cost
(the cost without the MasterCard Consumer Loan Plan)
1.65% plus $0.15

$1.80 $8.40 $24.75

MasterCard Debt Repayment Program
interchange cost*
0.80% plus $0.25

$1.05 $2.95 $2.95

MasterCard Debt Repayment Program
Your per-transaction revenue, if charging $4.95 convenience fee on eligible MasterCard Loan Repayment transactions
(less EPX processing fees)

$3.90 $2.00 $2.00
*All fee calculations shown are exclusive of EPX processing fee.
**Regulated debit refers to debit/prepaid cards issued by banks with at least $10B in assets..

Calculate your Interchange fees.

Enter a loan payment amount into this calculator to view its corresponding Interchange cost. Select the Visa convenience fee checkbox if you will be charging one.

Visa logo

Payment Amount

$
Your estimate interchange:
$0.00
Mastercard logo

Payment Amount

$
Your estimate interchange:
$0.00

Other benefits of the EPX Debt Repayment Program include:

Debt Repayment Security

Enhanced security

All transactions are tokenized and the stored token can be used to make recurring payments. This reduces your PCI compliance scope by outsourcing it to EPX.

Debt Repayment Compliance

Compliance processing

Our platform has safeguards in place to ensure that only debit cards can be accepted for debt repayment. Credit cards will automatically be declined and you will be notified. We perform this critical function so that you don’t need to worry about it. This will help ensure your program compliance with the card brands.

Debt Repayment Reporting

Reporting

EPX provides a variety of detailed reports and data exports that show a wide range of details such as interchange and convenience fee details that will ease your reconciliation tasks. The reports and data exports are customizable and can be scheduled on a recurring or one-time basis. They can be exported in formats such as CSV, XML, and tab-delimited .txt files to facilitate data imports into most third-party reporting or other financial software packages.

Do I qualify for EPX Debt Repayment?

Only merchants in the following two eligible Merchant Category Codes qualify for our Debt Repayment Program:

6012

Financial Institutions

Merchandise, Services, and Debt Repayment

MCC 6012 must be used for the purchase of merchandise or services from or the repayment of debts to banks, savings and loans, thrifts, and credit unions. For example: the purchase of checks, other financial products, or promotional merchandise, deposits, the funding of an account or stored value card, the purchase of foreign currency, non-fiat currency (for example: cryptocurrency), money orders (a negotiable paper based remittance – not a Money Transfer), travelers cheques, and loan fees or financial counseling service fees. This MCC must also be used for the repayment of a debt, loan, or credit card balance by a cardholder to the financial institution.

Business descriptor

  • Account Funding – Financial Institutions
  • Banks – Financial Institutions – Merchandise, Services
  • Credit Unions – Financial Institutions – Merchandise, Services
  • Deposits – Financial Institutions
  • Merchandise, Services – Financial Institutions
  • Mortgage Companies – Financial Institutions
  • Purchase of Foreign currency, non-fiat currency (for example, cryptocurrency), money orders (not money transfer) and travelers cheques – Financial Institutions
  • Loan Payments – Financial Institutions
  • Savings and Loans – Financial Institutions – Merchandise, Services
  • Services – Banks, Credit Unions, Financial Institutions (Non-Cash)
  • Stored Value Card
6051

Non-Financial Institutions

Foreign Currency, Non-Fiat Currency (for example: cryptocurrency), Money Orders (Not Money Transfer), Travelers Cheques, and Debt Repayment

MCC 6051 must be used for the funding of an account, the purchase of foreign currency, non-fiat currency (for example: cryptocurrency), money orders, or travelers cheques that occurs at non-financial institutions such as currency exchanges, money orders (a negotiable paper based remittance – not a Money Transfer) merchants, and hotels.

This MCC must also be used for the repayment of a loan or debt if the entity that holds the debt is not a financial institution.

A merchant that sells non-fiat currency such as cryptocurrency must use MCC 6051 for those transactions. All other transactions at the same merchant location must use the appropriate MCC for those transactions.

Business descriptor

  • Business descriptor
  • Account Funding – (Non-Financial Institutions)
  • Currency – Non-fiat (for example: cryptocurrency)
  • Currency – Foreign (Non-Financial Institutions)
  • Exchange – Foreign Currency (Non-Financial Institutions)
  • Foreign Currency (Non-Financial Institutions)
  • Lease Payments
  • Loan Payments
  • Money – Foreign Currency (Non-Financial Institutions)
  • Money Orders – Not Money Transfer (Non-Financial Institutions)
  • Mortgage Companies – (Non-Financial Institutions)
  • Services – Money Order, Travelers Cheques, Foreign Exchange (Non-Financial Institutions)
  • Travelers Cheques (Financial Institutions)
  • Travelers Cheques (Non-Financial Institutions)

Accepted loan types.

Loan type Auto icon

Auto loans

Expander icon
  • Avoid expensive ACH return fees when the borrower pays with with debit.
  • Automatic recurring billing is available, using secure EPX BRIC tokens.

Regardless of whether the loan is for a new or used vehicle, you’ll save money by accepting in-person debit card loan payments at your dealership with our secure virtual terminal. Or collect via our web Paypage. Either way, EPX’s Debt Repayment Program can save you money, guaranteed.

Loan type Studen icon

Student loans

Expander icon
  • Avoid expensive ACH return fees when the borrower pays with with debit.
  • Automatic recurring billing is available, using secure EPX BRIC tokens.

Student loans can evolve as a borrower becomes more gainfully employed over the years and decides to increase their payment size. The good thing is that with our Debt Repayment Program, Interchange is capped so that your fees won’t grow out of control if the borrower decides to increase his or her payments. Students especially appreciate the convenience that comes with paying through a debit card instead of ACH. Convenience increases loan repayments.

Push to card: Reduce your administrative costs by instantly disbursing funds direct to a debit card!

Loan type Mortgage icon

Mortgage loans

Expander icon
  • Avoid expensive ACH return fees when the borrower pays with with debit.
  • Automatic recurring billing is available, using secure EPX BRIC tokens.

Capped Interchange! Because Interchange is capped, your Visa Interchange cost will never exceed $0.65 (or $2.00 if you are assessing a convenience fee), regardless of how large the mortgage payment is! With qualifying Mastercard transactions, Interchange is capped to $2.95.

Loan type Personal icon

Personal loans

Expander icon

Typically, APRs of 30% and under are acceptable. An APR above 30% will be reviewed for suitability with the program.

Push to card: Reduce your administrative costs by instantly disbursing funds direct to a debit card!

Loan type Bank icon

Bank loans

Expander icon
  • Avoid expensive ACH return fees when the borrower pays with with debit.
  • Automatic recurring billing is available, using secure EPX BRIC tokens.
  • Take advantage of special Interchange rates for Debt Repayment.
  • The program can be a profit center by generating income through optional convenience fees of up to $4.99. Increase cash flow by reducing accounts receivables.
  • Fees are automatically collected by EPX and deposited in your account.
  • Engage loan-only consumers and encourage them to register for online banking.
  • Reduce collections and other related operational expenses.
  • Offer fresh new technology options to your members.
  • Increase user satisfaction by providing a simple way to pay loans. Convenience for your members, who don’t have to look for their checkbook to make a payment.
  • EPX’s Debt Repayment Program solutions enable you to accept payments via your web site (ecommerce), or through virtual terminals for call centers.
  • Other EPX benefits for banking and financial institutions:
    • Of course, EPX enables you to continue to accept ACH/eCheck loan repayments online or via a virtual terminal.
    • Push to card: Reduce your administrative costs by instantly disbursing funds direct to a Debit Card.
    • Open account: Payment options to open an account.
    • Merchant Services: Customized Partner Program for agent banking with EPX as the processor.