Most Jamaican lenders still collect by cash and bank transfer screenshots. The lender who lets a borrower pay from their phone at 9pm on payday collects first — and spends the morning doing something other than reconciling.
Route 1 — Scotiabank hosted payment page
You apply for an e-commerce merchant facility with Scotiabank. Approval takes a few weeks and they will ask for the business registration, the website, a description of what you collect and expected monthly volume. Once live, the borrower taps "Pay" in their portal, is sent to Scotiabank's secure page, completes 3-D Secure, and comes back with the payment confirmed. Because the card is entered on the bank's page, your compliance burden is the lightest level (SAQ-A) — no card data is stored or seen by your system.
Route 2 — Fygaro
Fygaro is a Caribbean payment platform with hosted checkout that settles to a local bank account. Onboarding is quicker than a bank facility, fees are per-transaction, and it suits smaller books or lenders who want card payments live this month. Ezy Loan Manager supports both; the pay button appears only for gateways that are fully configured, so you can start on Fygaro and add Scotiabank later.
What happens after the borrower pays
- The gateway confirms the payment server-to-server (not just on the customer's browser), so a closed tab never creates a phantom payment.
- The amount is recorded against the loan, allocated across the installment schedule, and the loan is marked paid when settled — all idempotent, so a repeated notification can't double-post.
- The activity log records the payment with the reference; the borrower sees the new balance immediately.
Fees and who pays them
Bank and gateway fees run a few percent per transaction. Most lenders absorb them on scheduled payments and pass a small convenience fee on early or extra payments; check your terms and the gateway's rules before adding surcharges.
Keep bank transfer too
Card is for convenience, not exclusivity. Bank transfer with proof upload, cash at the office and the portal statement all stay — the goal is that every borrower has a way to pay that works at 9pm.
Comparing systems? See the full web-based loan management software overview — features, tiers, self-hosted vs hosted.
See it working: Live Ezy Loan Manager sites: KWHIT Secure Financial · McMurray Financial. Ezy Loan Manager →
Frequently asked
Do I need a merchant account?
For Scotiabank, yes — an e-commerce merchant facility. Fygaro handles the merchant side for you.
Is it secure?
Card details are entered on the bank's or Fygaro's hosted page, never on your site; 3-D Secure applies; payments are verified server-to-server.
Can I use both?
Yes — Ezy Loan Manager shows the pay button for each gateway that is fully configured.