Using LotusPay with your sponsor bank

Merchants on the Pro Plan can optionally choose to use LotusPay with their own sponsor bank.

If you're already doing NACH Debit with your own sponsor bank, and you also want to benefit from LotusPay's advanced design and technology, you can opt to use LotusPay with your sponsor bank.

LotusPay has deep integrations with the leading sponsor banks, meaning that a single integration with LotusPay gives you access to multiple sponsor banks. You can even dynamically allocate your mandate volume across various sponsor banks.

NACH Debit micro-services

The range of LotusPay services includes:

  • Mandate Make, Mandate Submit, Mandate Response
  • Debit Make, Debit Submit, Debit Response
  • Collection Reconcile

You can choose any combination of these services that suits your business requirement.

Payment processing options

If you don't want to concern yourself with managing payments, you can let LotusPay handle the entire NACH process - and you simply get paid on time, every time. Funds flow as follows:

  • Customer's bank account => LotusPay's nodal account => Your bank account

However, if you want to receive funds directly into your bank account, you can opt for that instead:

  • Customer's bank account => Your bank account

Get in touch if you'd like to discuss these options.