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

Natalia Luneva

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. Traditional payment models make businesses rely on third-party providers. This platform connects your business with payment gateways like Stripe or PayPal.

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Glossary: 117 software-led payments terms to know

Payrix

Card acceptor business code A four-digit numerical representation of the type of business in which the card acceptor (merchant) engages. Card brands Member-based corporations that connect consumers, businesses, and banks through electronic payments; establish and enforce rules amongst members; and promote the brands (e.g.,