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Glossary: 117 software-led payments terms to know

Payrix

Payment facilitator (PayFac) A merchant registered by an acquirer to facilitate transactions on behalf of sub-merchants. They provide the infrastructure necessary for their merchants to accept credit card payments. eCheck, PayPal, etc.)

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Glossary: 117 software-led payments terms to know

Payrix

Payment facilitator (PayFac) A merchant registered by an acquirer to facilitate transactions on behalf of sub-merchants. They provide the infrastructure necessary for their merchants to accept credit card payments. eCheck, PayPal, etc.)

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Stripe Connect Alternatives: Top 11 Alternatives for 2025

Natalia Luneva

Stripe Connect is a comprehensive payment processing solution designed to cater to the unique needs of platforms and marketplaces. As a part of the broader Stripe suite, it facilitates digital transactions and enables businesses to accept credit card payments and manage complex money flows.

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PayFac vs ISO: What Is the Difference & How to Choose One

Natalia Luneva

When you grasp these distinctions, you can navigate the world of payment processing more effectively and ensure that your business is equipped for future growth. Key Takeaways Understanding the roles of PayFacs and ISOs helps in effective payment processing. PayFacs enable faster onboarding for merchants compared to ISOs.