Process New Payment

This request processes a new payment on a loan.

   Click here to learn more about this request

There are two types of payments that LoanPro handles: logged and logged and processed. They differ from each other slightly, and here's a breakdown of what a processed payment is:

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This request will log AND process a payment

Logged and processed payments are those that are processed via LoanPro. In other words, a transfer of money was made, and LoanPro was directly involved in the transfer. This request will pull funds from a card or an account, and it will create a record of a transaction where money was exchanged. This type of payment applies to situations like the following:

  • A borrower pays with a credit or debit card
  • A borrower pays with a bank account

For an example of how payments works within the UI, take a look at our Log a Payment article.

Database

For information on payment database tables, see the following articles:

{
    "Payments": {
        "results": [
            {
                "selectedProcessor": 0,
                "paymentMethodId": 3,
                "early": 0,
                "echeckAuthType": "payment.echeckauth.WEB",
                "amount": "303.78",
                "date": "2022-04-15",
                "info": "04/15/2022 Credit/Debit Card",
                "paymentTypeId": 1,
                "active": 1,
                "displayId": 91228,
                "resetPastDue": 0,
                "payoffPayment": false,
                "CustomFieldValues": {
                    "results": []
                },
                "_saveProfile": 0,
                "extra": "payment.extra.tx.principal",
                "__processorName": "{\"id\":\"98\",\"key\":\"anet\",\"name\":\"Anet Default processor\",\"default\":\"1\"}",
                "paymentAccountId": 289,
                "chargeFeeType": "loan.cardfee.types.0",
                "chargeFeeAmount": 5,
                "chargeFeePercentage": 5,
                "payoffFlag": 0
            }
        ]
    }
}
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