article thumbnail

PayFac as a Business Model

Agile Payments

PayFac or Payment Facilitation enables software platforms to both brand and monetize payment processing offerings while at the same time offering instant, hassle-free customer payments onboarding.

Payfac 88
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. From there, once your merchants are ready to set up payments for their business, you refer them directly to the pa yment process or and receive a referral fee. What is a PayFac® developer? Striking a balance will be instrumental to success.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why the Payment Facilitator Business Model is Compelling

Agile Payments

Payment facilitation, or operating as a “ PayFac ” allows a SaaS company to act as a master merchant for its client base. The SaaS provider onboards clients via a non-intrusive application process -- making it simple for the user base to quickly begin accepting customer payments by credit card or ACH Payments [some providers offer].

article thumbnail

Why the Payment Aggregator Business Model is Compelling

Agile Payments

Payment Aggregation , or Payment Facilitation (Payfac), allows a SaaS company to act as a master merchant for its users. The SaaS provider onboards its clients via a fairly non-intrusive application process, and this easy, fast onboarding makes it simple for the SaaS company’s users to begin accepting customer payments very quickly.

article thumbnail

Payment Facilitation and MyEvent.com : An interview with Rob Hirscheimer

Agile Payments

Early adopters of the PayFac business model MyEvent.com has successfully implemented payment facilitation and used it to grow their business and acquire new clients. An interview with MyEvent.com.

article thumbnail

ISV vs PayFac: The Similarities and Differences Between Independent Software Vendors and Payment Facilitators

Stax

The writing on the wall is clear—businesses need to start accepting digital payments and software providers need to start offering payment services one way or another. 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. What Is an ISV vs PayFac?

article thumbnail

What Is an ACH Payment Facilitator?

Stax

In this article, we’ll discuss everything you need to know about the ACH payment facilitator model and how SaaS companies can go about facilitating ACH payments easily. An ACH payment facilitator, therefore, is simply a PayFac that allows users to accept payments through an electronic bank-to-bank network. Let’s get started.