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The embedded finance market—including Payfac-as-a-Service—is projected to exceed $7 trillion in global transaction volume by 2030. What Is Payfac-as-a-Service? You get the benefits of owning the payment experience. Why Payfac-as-a-Service Beats Traditional Payment Models 1. It’s branded.
With the right payments partner, its easier for your trade and field service platform to successfully deploy, manage, and deliver recurring payments, as well as process a variety of payment types, card-present and card-not-present, and complex billing transactions all while delivering a seamless userexperience.
Understanding ISV Integrated Payments Integrated payments let users pay for goods or services directly within your softwareno third-party redirects or handoffs. Its seamless, secure, and built for better userexperiences. Everythingfrom the payment form to transaction processinghappens under your brand.
An overview of the Payrix Embedded Payments solution Embedded Payments come in various forms, but customers of Payrix have specifically sought out our PayFac-as-a-Service solution for its perfect balance of customization, control, and time-to-value.
Especially as software companies turn their focus to optimizing the userexperience, there are advantages to expanding platform capabilities with software payment processing. Embedding payment processing capabilities directly into a platform, however, grants software companies greater control over the payment experience.
When done correctly, they can create a seamless userexperience, improve customer satisfaction and loyalty, and add an exciting monetization opportunity. We will explore the risk s in more detail in the next section. What is PayFac-as-a-Service? In between referral partnership and PayFac is PayFac-as-a-Service.
Software companies will also have greater control of the payment experience and in turn, opportunities to create a more simplified, streamlined, on-brand, and ideal customer experience that leads to better acquisition and retention outcomes. Ella encourages software companies to not get distracted by new shiny things.
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