Stax

JANUARY 8, 2024

They would then request a chargeback from their bank instead of requesting a refund from the seller—which essentially constitutes friendly fraud. Reputational risks Risks associated with things like data breaches, poor customer service, company controversies, etc. Most PayFacs have technology in place to prevent these breaches.

Merchant Services 88

Merchant Services Payfac Payment Services SaaS Payments 88

Stax

JANUARY 17, 2024

Automated Clearing House (ACH) payments are a type of electronic bank-to-bank payment system in the US. An ACH payment facilitator, therefore, is simply a PayFac that allows users to accept payments through an electronic bank-to-bank network. This is pretty much similar to the service that PayPal offers.

Payment Services 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

Stax

JANUARY 10, 2024

As well as improving profit margins, these activities can also enhance the customer experience and give merchants a competitive advantage in the marketplace. The merchant service providers that a business is using to handle credit card payments play a key role in determining the size and structure of credit card fees.

Merchant Services 88

Merchant Services Payment Services Payment Methods Payment Facilitation 88