Payrix

FEBRUARY 4, 2025

To operate as an integrated software vendor (ISV) or payment facilitator, a software company requires a relationship with an acquiring bank and a payment processor. A cardholder initiates the payment for a purchase or service to the merchant or service provider with their payment information from a credit card, debit card, or bank account.

Payment Services

Stax

APRIL 3, 2025

Its the bridge between an eCommerce website, its customers, and the bank. Its the third-party service that serves as the link between the payment gateway, acquiring bank, and issuing bank or card network. It works in tandem with the customers bank or credit card provider to verify and authorize the transaction.

Payment Methods

Payrix

APRIL 10, 2025

These are paid to the card-issuing bank to cover costs for fraud and the risk involved in approving a payment. By leveraging Payrix Pro , our PayFac-as-a-Service solution, this software platform was able to achieve their vision quickly all while delivering a superior product and customer experience.

Payments

Stax

MAY 23, 2025

Behind the scenes: key components of integrated payments In order for integrated payments to work, youll typically integrate with a payment gateway or payment facilitator (PayFac). Payouts and reporting: Ensuring funds reach the merchants bank account and offering tools to track and manage transactions.

Payments

Stax

DECEMBER 4, 2023

The US, therefore, requires financial institutions as well as financial services firms to have anti-money laundering (or AML) compliance programs in place. In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac). Non-compliance can have major implications.

Merchant Services

Stax

AUGUST 22, 2024

Two of the most popular payment solution providers for businesses looking to accept digital payments are payment processors and payment facilitators (PayFacs). PayFacs handle risk assessment, underwriting, settling of funds, compliance, and chargebacks which exposes them to greater potential risks.

Merchant Services

Stax

JANUARY 8, 2024

For SaaS companies, becoming a payment facilitator (or PayFac) offers a ton of advantages—including but not limited to—boosting retention and profitability while exercising greater control over the customer experience. However, several complex types of risks come along with this.

Merchant Services

Stax

FEBRUARY 15, 2024

In this article, we’ll break down two popular terms used in the payment processing industry—ISV and PayFac —and see what they exactly mean. There are two main ways that an ISV can become a payment provider—by adopting the ISO model or the PayFac model. What Is an ISV vs PayFac?

Payment Services

USIO

MAY 13, 2024

The reason why they can be so expensive is that overtime additional expenses go into paper checks like the costs of labor charges, working hours dedicated to making the check, material costs, and other charges levied by banks. Banks’ major fees are imaging fees, paid check fees, positive pay fees, check reconciliation fees, and more.

Payment Methods

Payrix

FEBRUARY 4, 2025

The master merchant establishes a relationship with a payment processor or acquiring bank and is responsible for ensuring compliance with payment regulations, handling transaction processing, and managing risks associated with payments on behalf of the sub-merchants. 3 things you should know about a master merchant 1.

Merchant Services

Payrix

FEBRUARY 4, 2025

To operate as an integrated software vendor (ISV) or payment facilitator, a software company requires a relationship with an acquiring bank and a payment processor. A cardholder initiates the payment for a purchase or service to the merchant or service provider with their payment information from a credit card, debit card, or bank account.

Payment Services

Stax

JANUARY 22, 2024

TL;DR Payment gateways and PayFacs are both players in the digital payment process with similar goals in mind: secure and low-risk payments while providing seamless, fast, and positive customer experiences. A PayFac, by contrast, handles the bank’s interaction with a number of merchants. That’s where a PayFac can step in.

Payment Services

Payrix

FEBRUARY 4, 2025

Do you find yourself listening to industry leaders and colleagues use terms like PayFac, PCI DSS, and tokenization and casually scratching your head in confusion? Association Group of card-issuing banks or organizations that set common transaction terms for merchants, issuers, and acquirers. Youve come to the right place.

Payment Services

Stax

JANUARY 17, 2024

Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. TL;DR A payment facilitator (PayFac) is essentially a SaaS vendor or software provider that enables its users (businesses) to accept online payments from their customers through the platform itself.

Payment Services

Payrix

AUGUST 14, 2024

Whatever payments model is right for you : referral payments, PayFac-as-a-Service, or PayFac, Payrix and Worldpay is here to help guide you through the process and set clear expectations for your merchants as it relates to merchant underwriting, PCI compliance , implementation , and more.

Merchant Services

Payrix

APRIL 25, 2025

Bank Secrecy Act (BSA) and was reinforced by the U.S. Financial institutions like banks, credit card processors, and investment brokers must comply with KYC requirements, along with some businesses in other regulated industries. KYC is a risk management practice that was established in 1970 as part of the U.S.

Payment Services

Payrix

APRIL 3, 2024

What is a PayFac® developer? As a PayFac developer , software companies become their own payment facilitator , and therefore, can offer payment processing services directly to their merchants. We will explore the risk s in more detail in the next section. What is PayFac-as-a-Service?

Payment Services

Natalia Luneva

APRIL 22, 2025

To start your PayFac journey, you’ll need to do several important things. Now, lets take a look at the steps of how to become a PayFac. Pre-Assessment The PayFac pre-assessment phase will help you check if you’re ready to be a payment facilitator. Make sure your business model fits the payment processing needs.

Payment Services

Natalia Luneva

APRIL 24, 2025

The number of Payment Facilitators (PayFacs) has grown 13.8% PayFac as a Service lets companies add payment processing to their platforms. Key Takeaways PayFac as a Service reduces PayFac setup time from years to days, slashing costs by millions. PayFacs, on the other hand, let businesses use a master account.

Merchant Services

Subscription Flow

JANUARY 19, 2024

Consider a payment facilitator—PayFac for the cool kids—as the reliable payment partner for your company. PayFacs are your go-to friends for managing the finer points of both online and offline transactions. They handle everything from underwriting to compliance and merchant onboarding. It is not just about processing payments.

Payment Services

USIO

JUNE 5, 2025

So we rounded up 100+ of the most-used (and most-abused) abbreviations in payments, banking, and funds disbursement. Whether youre a CFO decoding a board deck, a startup founder building embedded payments, or just trying to survive your first PayFac meeting Usio is here to simplify your payments (and your acronyms).

Merchant Services

USIO

APRIL 23, 2025

That means sales enablement, compliance guidance, onboarding help, and actual humans you can talk to. Time to Market Becoming a registered PayFac can take over a year and cost more than $1M. With a partner like Usio, you can launch in weekswithout the overhead, compliance nightmare, or sponsor bank requirement.

Payments

Natalia Luneva

MAY 12, 2025

As businesses increasingly rely on diverse payment processing solutions, you should understand the distinctions between Payment Facilitators ( PayFacs ) and Independent Sales Organizations (ISOs). Key Takeaways Understanding the roles of PayFacs and ISOs helps in effective payment processing. They offer customer service support, too.

Merchant Services