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We get frequent inquiries from SaaS platforms and start ups about becoming a PayFac or Payment Facilitator.
Businesses that are Payment Facilitators [Payfacs] are in essence Master Merchants that process credit and debit card transactions for their sub-merchants within their payment application.
Payment Facilitator Provider Payment Facilitators [Payfacs] act as Master Merchants that process credit and debit card transactions for their sub-merchants within their payment application. Typically a Payment Facilitator would be a software platform that serves a specific vertical market eg Event ticketing.
A Payment Facilitator or PayFac assumes the role of Master Merchant. Payment Facilitating allows the Master Merchant to quickly and easily onboard their sub merchants or in the case of a SaaS platform Payment Facilitating allows platform users to the ability to accept credit, debit card and in some case ACH transactions for participants in […]
Is Payment Facilitation a good option for your SAAS or Platform?
Why a SAAS platform can become a Payment Facilitator but WILL NOT be the next Stripe
Payment Facilitator Systems A Payment Facilitator assumes the role of the Master Merchant. The major benefit to becoming a Payment Facilitator is to quickly and easily onboard sub clients or SaaS platform users to facilitate credit, debit card and in some case ACH transactions . Let’s use an example: A SaaS offers an invoicing solution […]