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Understanding Risk Management Strategies as a PayFac

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Several US legislations (like the Patriot Act, anti money laundering laws , or FinCEN regulations) require PayFacs to know the identities of the business owner(s) they plan to facilitate payments for, during the underwriting stage. Even the organizational shake-up that comes with the decision to become a PayFac may disrupt your core business.

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How Much Do Credit Card Companies Charge Merchants?

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Credit card transactions have quickly become the lifeblood of eCommerce businesses and storefronts alike. By understanding how credit card companies charge merchants and how these fees are calculated, businesses can explore optimization strategies to manage and reduce some of these costs. billion every single day.