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What Is an ACH Payment Facilitator?

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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. An ACH payment facilitator, therefore, is simply a PayFac that allows users to accept payments through an electronic bank-to-bank network.

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Payment Aggregator vs Payment Facilitator Demystified

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If the process is not secure, then you run the risk of losing your customers’ trust resulting in catastrophic consequences for your business. When it comes to the payments space, many business owners are unclear about the differences between Payment Aggregator vs Payment Facilitator. It is not just about processing payments.