How to use SeerBit with Lendsqr for loan repayment
Back
FAQs
How to use SeerBit with Lendsqr for loan repayment
Last updated August 24, 2025
Eseose Animhiaga
In this post
Share
For any lender, the most essential part of a loan is making sure it gets repaid. So, they employ various technologies and strategies to improve loan performance, reduce defaults, and prevent losses. As a digital lender on Lendsqr, you don’t need to worry because we already provide the technologies to drive your loan repayments, partnering with the best payment providers like SeerBit.
Explore the right providers to power your lending business
We’ve made it easy by bringing together payment solutions, credit bureaus, KYC providers, and more — all in one place.
This leading African payments technology company offers a range of tools and infrastructure to help businesses accept and process payments locally and globally. What sets SeerBit apart from other payment providers is its focus on the underserved and excluded segments of the Nigerian market. SeerBit seamlessly connects the online and offline market, removing friction for both consumers and merchants— or, in this case, lenders and borrowers.
SeerBit has over 1,000 merchants spread across 8 African countries (Nigeria, Ghana, Kenya, Senegal, Côte D’Ivoire, Uganda, Tanzania, and Burkina Faso). They are famous for being the payment processor for Netflix and the British Council. SeerBit decided to focus first on East and West Africa because it understands the fragmentation in these regions. So far, it’s doing a stellar job of bridging the payment gap.
So, if you’re a lender on Lendsqr in any of these parts, you can use SeerBit for loan repayment/collection.
How to use SeerBit as a payment method
Setting up a SeerBit account is straightforward. Simply sign up on their website and ensure you meet the requirements of the country where you operate. This would entail possessing a valid lending license, so be sure yours is updated.
5. Select “SeerBit” as your preferred card processing provider
6. Click on Save
Considerations when integrating SeerBit as a loan repayment method
Before integrating SeerBit as a payment gateway, you must prepare for several factors impacting your finances. These include SeerBit transaction fees (which grant you access to your SeerBit API keys), Lendsqr service fees, and potential chargebacks that may happen if borrowers dispute transactions
To go ahead and ensure a smooth integration of SeerBit with your Lendsqr account, kindly reach out to our product support team at support@lendsqr.com and provide your SeerBit API keys.
Finally, remember to maintain a consistently up-to-date license and ensure your card is not being used for fraudulent activities to avoid interruptions in your operations.
Payment channels available
Cards: Cards are one of the most popular ways to make payments online, and they have a large global reach. SeerBit supports the most popular card types with a simple implementation.
Mobile money payments: Mobile money is an e-wallet payment method in Africa which allows you to accept payments from your customers with their mobile money wallets. Mobile Money is available to customers in Ghana, Kenya, Uganda, Tanzania, Senegal, Burkina Faso, Ivory Coast, Cameroon, and Mali.
Bank accounts: This payment method allows your customers to make payments through their Internet banking portal or by providing their bank account number and authenticating using an OTP sent to their mobile phone number or email registered to that account.
Transfer: This payment method allows your customers to make payments through bank transfer.
USSD payments: This method allows you to collect payments offline from your customers. The customer completes the payment by dialing a USSD code on their mobile device.
Loan repayments made easy
Ensuring loans get repaid is a big deal for any lender. The last thing you want is chasing down repayments, which is a headache for everyone involved. That’s why Lendsqr has partnered with SeerBit, one of Africa’s payment champions.
Integrating SeerBit with Lendsqr makes everything easier: you get multiple payment options, excellent security, and smooth transactions. It’s a win-win for both you and your borrowers.
Just think about the time you’ll save growing your loan business instead of chasing payments. Imagine the reduced stress, happy customers, and all those hours saved. That’s why Lendsqr strongly endorses SeerBit.
Got questions on how we can help you? Drop us a line at growth@lendsqr.com. We’re here to help!
You need the right technology for lending success
We’re in the business of helping lenders worldwide have access to the best technology, and use credit to lift billions to their dreams and a better life.
Whether through banks, SACCOs, digital platforms, or informal channels, we examine how Kenya's business owners are financing their operations and what’s next for them.
This article provides an in-depth look at Ghana’s direct debit system, covering its regulatory framework, operational mechanics, market participants, adoption trends, payment infrastructure, challenges, and future developments.