Remove 2023 Remove Marketplace as a Service Remove Stax
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Payment Facilitator vs Payment Gateway: Key Differences and Similarities

Stax

That’s the value of eCommerce transactions that took place in 2023 in the U.S. Consider the following: Merchants are the sellers, businesses, or service providers seeking payment for their offerings. A Payment Gateway is a service that authorizes and processes payments in online and offline transactions.

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What Is an ACH Payment Facilitator?

Stax

In Q3 of 2023, the total volume of payouts on ACH networks reached 7.8 The great thing about an ACH PayFac solution like Stax Connect is that SaaS companies or ISVs can embed ACH payments in their software easily and own (also, white label) the payment experience. This is pretty much similar to the service that PayPal offers.

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What is Embedded Finance and Embedded Fintech?

Stax

TL;DR Embedded finance integrates financial services into non-financial business processes, while embedded fintech integrates fintech solutions into the processes of an institution in the finance industry. Embedded Insurance Embedded insurance allows customers to purchase insurance for products or services at the point of sale.