Payrix

APRIL 17, 2025

A payment facilitator (or PayFac) is a software platforms all-in-one payment processing solution. Instead of your customers needing to create their own merchant account to process payments, you as the PayFac developer handle all the payments setup and complexity for them. What is a payment facilitator?

Payment Services 100

Payment Services SaaS Payments Merchant Services Payment Facilitation 100

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 88

Payment Methods Merchant Services Payment Solutions Payment Services 88

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 88

Merchant Services Payment Services Payfac SaaS Payments 88

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. Even the organizational shake-up that comes with the decision to become a PayFac may disrupt your core business.

Merchant Services 88

Merchant Services Payfac Payment Services SaaS Payments 88

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 88

Payment Services Merchant Services SaaS Payments Payment Methods 88

Stax

DECEMBER 4, 2023

In this article, we’ll discuss everything you need to know about ensuring AML compliance as a payment facilitator (or PayFac). The Bank Secrecy Act (BSA) establishes AML program requirements for financial institutions in the US while the USA Patriot Act lays down which entities are required to comply. Let’s get started.

Merchant Services 88

Merchant Services Payment Services Payfac Technical Review 88

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 100

Payments Payment Services Outsourcing Services Payment Solutions 100

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.

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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 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

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 88

Payment Services SaaS Payments Merchant Services Payment Facilitation 88

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 100

Payment Services Merchant Services Payment Solutions Payment Methods 100

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 100

Payment Services Payments Merchant Services SaaS Payments 100

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 100

Merchant Services Payment Services Payments Software Review 100

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 100

Merchant Services Payment Services Payments SaaS Payments 100

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 100

Payment Services Merchant Services SaaS Payments Payment Facilitation 100

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 88

Payments Payment Services Merchant Services SaaS Payments 88

Stax

DECEMBER 20, 2023

TL;DR Merchant underwriting is the risk level assessment process an acquiring bank carries out on every new merchant before they grant them a merchant account. The bank assumes the risk on behalf of the business and needs to make sure that they screen new businesses before handing out merchant accounts.

Merchant Services 88

Merchant Services Payment Services SaaS Payments Payments 88

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 100

Payment Services Merchant Services Payments Software Review 100

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 40

Payment Services Merchant Services Payfac SaaS Payments 40

Payrix

JANUARY 30, 2024

The company’s clients depend on cash flow, and having a credit card on file means technicians in the field can immediately invoice from their mobile app and see cash in their bank account 24 hours later. We realized how much opportunity we bring to the table, as the nature of our industry is reliant in large part on recurring payments.

Payments 130

Payments Payment Solutions Payment Features Merchant Services 130

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 40

Merchant Services PayFac as a Service Payment Services Marketplace as a Service 40

Payrix

JANUARY 30, 2024

Payrix also provides Storable the option to become a fully registered payfac when the time is right. Payrix eliminated the need for operators to manually reconcile separate statements from their processor, bank, and revenue reports. Everything is synched and available in the Storable platform for easy access and analysis.

Payment Services 130

Payment Services Payments Merchant Services Payment Solutions 130

Infinicept

MAY 19, 2022

Payment facilitators – also known as Payfacs – operate in cooperation with acquiring banks, card networks, and the regulators who oversee the payments system. Where does Payfac responsibility come from?

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Payment Services Payment Facilitation Payment Solutions Payfac 64

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. Additionally, they are established independent sales organizations (ISOs) with sponsorship from an acquiring bank.

Payment Services 59

Payment Services SaaS Payments Merchant Services Payment Facilitation 59

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 130

Merchant Services Payment Services Payments SaaS Payments 130

USIO

APRIL 23, 2025

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 130

Payments Embedded Payments Payment Services SaaS Payments 130

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 40

Merchant Services Payment Services Payfac SaaS Payments 40