Remove 2023 Remove Business Model Remove Marketplace as a Service Remove PayPal
article thumbnail

What Is an ACH Payment Facilitator?

Stax

In Q3 of 2023, the total volume of payouts on ACH networks reached 7.8 PayFacs typically partner with a payment processor or a bank to provide merchant services. This is pretty much similar to the service that PayPal offers. This was 3% higher than the volume from the same quarter in the previous year.