Remove Business Model Remove PayFac as a Service Remove Payment Features
article thumbnail

PayFac as a Service: What Is It and How to Offer It

Natalia Luneva

The number of Payment Facilitators (PayFacs) has grown 13.8% This shows how fast this model is growing. For businesses, this means they can use payment systems without starting from scratch. PayFac as a Service lets companies add payment processing to their platforms. each year since 2018.

article thumbnail

Payment facilitation and risk management: What do vertical software companies need to know?

Payrix

At a very high level, a referral partnership is an integrated payments model. You as the software company make an agreement with a payment processor to become one of their referral partner s. We will explore the risk s in more detail in the next section. What is PayFac-as-a-Service?

article thumbnail

Master merchant: Definition, types, and examples

Payrix

Examples of a master merchant Across a variety of industries and payment presentment environments, the master merchant drives payment facilitation for a group of sub-merchants. The master merchant model is common in industries that involve marketplaces or platforms with multiple sellers or service providers.