Payment Facilitation as a Service is transforming the way companies handle transactions by streamlining the process of accepting payments. As a comprehensive solution, it enables businesses to process payments on behalf of merchants, reducing the complexity and time required to set up traditional merchant accounts. Through this service, businesses can offer merchants the ability to […]
Managed Payment Facilitation is a service model in the payments industry that streamlines the process for merchants to accept various payment methods. Traditionally, merchants had to establish individual relationships with banks, payment processors, and other financial institutions to accept different forms of payment, which could be both time-consuming and complex. The Payment Facilitator (Payfac) model […]
In today’s intricate legal business environment, smooth financial process operation is a need rather than an extravagance. Accounting expertise and payment facilitation are vital as a silent partnership in the business’s day-to-day operations. This duo provides timely delivery of all client billings and financial reports based on specific scope of work. This is more […]
Payment facilitators, or PayFacs, have become a significant element in the payments ecosystem, enabling businesses to simplify how they accept electronic payments. Hybrid PayFac Providers (H PF Providers) emerge as an intermediate solution offering the benefits of a full PayFac model with the flexibility suitable for businesses not ready to manage the full spectrum of […]
It happens on a regular basis; prospective clients contact us because they have a SaaS application in development, usually nearing launch, and they need a solution to pay-out to people or companies that serve a role within the application’s ecosystem, but who are not the primary beneficiary of the funds received from a credit card […]
PayFac or Payment Facilitation enables software platforms to both brand and monetize payment processing offerings while at the same time offering instant, hassle-free customer payments onboarding.
Payment Facilitator Provider: Who do you work to become a Payment Facilitator? A Payment Facilitator or PayFac acts as a the Master Merchant. The Payment Facilitator role is to quickly and easily onboard their sub merchants or SaaS platform users to facilitate credit, debit card and in some case ACH transactions for participants in their […]
Payment Facilitator Companies A Payment Facilitator takes on the role of the Master Merchant. The primary benefit to becoming a Payment Facilitator is that you can quickly and easily enroll your app users and enable processing of credit, debit card and in some case ACH transactions . As an example: A SaaS offers an invoicing […]