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

Stax

Consider the following: Merchants are the sellers, businesses, or service providers seeking payment for their offerings. The PayFac streamlines the onboarding process for the merchant, allowing merchants to start accepting payments very quickly. What is a Payment Gateway?

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Understanding Risk Management Strategies as a PayFac

Stax

Common risk management strategies for PayFacs include proper merchant vetting and onboarding, transaction monitoring and fraud prevention, chargeback mitigation, KYC/AML compliance, and data breach prevention. Reputational risks Risks associated with things like data breaches, poor customer service, company controversies, etc.

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What Is an ACH Payment Facilitator?

Stax

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. PayFacs typically partner with a payment processor or a bank to provide merchant services.